The global microfluidic devices market is expected to gain impetus from increasing technological advancements in the biotechnology domain. According to a report by Fortune Business Insights, titled, “Microfluidic Devices Market Size, Share and Industry Analysis, By Device Type (Chips, Sensors, and Others), By Material (Glass, Silicon, PDMS and Others), By Applications (Pharmaceutical and Life Science Research, Diagnosis and Treatment, and Others), By End-user (Diagnostic Centers, Research Institutes, Pharmaceutical and Biotechnology Companies, Healthcare Facilities and Others) and Regional Forecast, 2019-2026,” the market is projected to reach USD 22.65 Billion by 2026, thereby exhibiting a CAGR of 20.5% during the forecast period.
However, the global microfluidic devices market size was valued at USD 5.14 Billion in 2018. The report further states that renowned market players are focusing on low-cost materials for manufacturing microfluidic sensors and chips. It would contribute to the market growth in the forthcoming years.
Market Growth
Rising Usage of Microfluidic Devices to Boost Growth of Pharmaceutical and Biotechnology Companies Segment
In terms of end-user, the global microfluidic devices market is grouped into pharmaceutical and biotechnology companies, research institutes, diagnostic centers, and healthcare facilities and others. Out of these, the pharmaceutical and biotechnology companies segment is projected to lead the global market by acquiring the highest revenue in terms of share. It would occur due to the increasing manufacturing and usage of sensors, chips, and other microfluidic devices to offer novel and robust devices to the consumers. However, diagnostic centers and research institutes will also grow rapidly during the forecast period by utilizing microfluidic devices for various applications.
Microfluidic Devices Market Segmentation
By Device Type
By Material
- Glass
- Silicon
- Polymer
- Others
By Applications
- Pharmaceutical and Life Science Research
- Diagnosis and Treatment
- Others
By End User
- Pharmaceutical and Biotechnology Companies
- Research Institutes
- Diagnostic Centers
- Healthcare Facilities and Others
By Geography
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)
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Fortune Business Insights profiles some of the renowned companies operating in the global microfluidic devices market. They are as follows:
- uFluidix
- Perkin Elmer
- Fluidigm
- Blacktrace Holdings Ltd. (Dolomite Microfluidic)
- Micronit
- BioFluidix GmbH
- Fluigent
- ALine, Inc.
- Philips
- Other prominent players
Key questions answered in the Microfluidic Devices Market report:
What will the market growth rate of Microfluidic Devices market in 2026?
What are the key factors driving the Global Microfluidic Devices market?
What are sales, revenue, and price analysis of top manufacturers of Microfluidic Devices market?
Who are the distributors, traders and dealers of Microfluidic Devices market?
Who are the key vendors in Microfluidic Devices market space?
What are the Microfluidic Devices market opportunities and threats faced by the vendors in the Asia Microfluidic Devices market?
What are sales, revenue, and price analysis by types, application and regions of Microfluidic Devices market?
What are the market opportunities, market risk and market overview of the Microfluidic Devices market?
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Some major points from Table of Content Microfluidic Devices Market:
Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
Executive Summary
Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
Key Insights
- New Product Launch
- Technological Development in the Microfluidic Devices Market
- Overview of the Regulatory Scenario for Microfluidic Devices
- Key Industry Developments – Mergers, Acquisitions, and Partnerships, 2018
Global Microfluidic Devices Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast By Device Type
- Market Analysis, Insights and Forecast By Material
- Glass
- Silicon
- Polymer
- Others
- Market Analysis, Insights and Forecast By Applications
- Pharmaceutical and Life Science Research
- Diagnosis and Treatment
- Others
- Market Analysis, Insights and Forecast By End User
- Pharmaceutical and Biotechnology Companies
- Research Institutes
- Diagnostic Centers
- Healthcare Facilities and Others
- Market Analysis, Insights and Forecast By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
North America Microfluidic Devices Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast By Device Type
- Market Analysis, Insights and Forecast By Material
- Glass
- Silicon
- Polymer
- Others
- Market Analysis, Insights and Forecast By Applications
- Pharmaceutical and Life Science Research
- Diagnosis and Treatment
- Others
- Market Analysis, Insights and Forecast By End User
- Pharmaceutical and Biotechnology Companies
- Research Institutes
- Diagnostic Centers
- Healthcare Facilities and Others
- Market Analysis, Insights and Forecast By Country
Europe Microfluidic Devices Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast By Device Type
- Market Analysis, Insights and Forecast By Material
- Glass
- Silicon
- Polymer
- Others
- Market Analysis, Insights and Forecast By Applications
- Pharmaceutical and Life Science Research
- Diagnosis and Treatment
- Others
- Market Analysis, Insights and Forecast By End User
- Pharmaceutical and Biotechnology Companies
- Research Institutes
- Diagnostic Centers
- Healthcare Facilities and Others
- Market Analysis, Insights and Forecast By Country
- K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
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