Microfluidics Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)

Publication ⇒Feb-24 Delivery Time ⇒ 5-7 Business Days  Report Code ⇒PBCHC345-10M-OT

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Microfluidics Market – Report Overview

Pacific Business Consulting’s “Microfluidics Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)” report offers a comprehensive understanding of Microfluidics market, encompassing historical and projected market size data, along with market trends, market drivers, market barriers and unmet medical needs in the Ten Major Markets (10MM) of the United States, Germany, Spain, Italy, France, the United Kingdom, Japan, China, Australia, and India.

In 2022, the Microfluidics market exceeded a valuation of over US$ 7.2 Billion, and it is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) exceeding 10.0% from 2023 to 2030. The market is expected to potentially surpass US$ 16.0 Billion by 2030.

The increasing utilization of microfluidics devices across various research and diagnostic fields is expected to drive market growth. Notably, advancements in microfluidic technology have led to applications in ophthalmology, ranging from glucose level determination to the diagnosis of conditions like dry eye disease. This trend is anticipated to positively impact the market in the coming years.

A key advantage of microfluidics devices is their capability to analyze small sample volumes, reducing reagent waste and preserving challenging-to-produce samples. The demand for low-volume sample devices has surged, driven by research activities conducted by analytical and clinical researchers. Microfluidics has allowed the miniaturization of conventional laboratory procedures onto a lab-on-a-chip, offering benefits in terms of cost and time efficiency.

The introduction of point-of-care diagnostics by market players has enabled early disease diagnosis and reduced hospital visits. Industry leaders such as Abbott, Roche, and Danaher have incorporated microfluidics technology into their diagnostic devices. With ongoing technological advancements, digital microfluidics is gaining attention, as seen in collaborations like HORIBA and SigTuple’s AI-assisted digital pathology solution.

The increasing penetration of microfluidics devices has led to the introduction of advanced technologies by industry players aiming to capture a significant market share. Companies are conducting trials and anticipating commercialization of their devices. For instance, BIOLASE, Inc., and EdgeEndo received FDA clearance for the EdgePRO system, offering effective disinfection and cleaning alternatives in root canal processes. Additionally, the development of microfluidic platforms for enzyme investigation and mass production of microfluidic devices using glass molding technology further contributes to market growth.

The demand for point-of-care testing is rising, fueled by advanced lab-on-a-chip technologies and POC devices that offer faster and more convenient diagnostics. The focus on data precision and accuracy in diagnostics and research is driving the need for reliable microfluidic systems, enhancing healthcare and scientific data quality.

The miniaturization of microfluidic chips has improved portability and testing speed, making these systems applicable in various fields, including medical diagnostics and environmental monitoring. The development of microfluidic-based 3D cell culture systems is revolutionizing cell biology and drug discovery, providing a more physiologically relevant environment for testing new compounds and therapies.

The adoption of microfluidics in life sciences and pharmaceutical industries continues to expand, enabling high-throughput screening, drug development, and personalized medicine applications. These trends are reshaping research and diagnostics while driving market growth.

Despite these positive trends, the microfluidics market faces challenges such as significant research and development costs and a lengthy clinical trial process, which may impact growth. Limited financial support and inadequate research infrastructure in emerging markets also pose risks and limitations. To navigate these challenges, microfluidic system manufacturers must carefully plan their market investments, prioritizing regions with better returns on investment. Overall, the microfluidics market is expected to maintain its growth trajectory, reshaping healthcare diagnostics and research.

Leading players in the Microfluidics segment, including Qiagen NV, Agilent Technologies, PerkinElmer Inc., Fluidigm Corporation, SCHOTT, Hologic, Thermo Fisher Scientific Inc., Hoffmann-La Roche Ltd., Abbott Laboratories, and Bio-Rad Laboratories, are expected to play a crucial role in shaping the future landscape of Microfluidics technologies through ongoing innovation.

Scope of Report

The report addresses critical subjects such as strategic competitor evaluation, market characterization, unmet needs, and the consequences of these elements for the Microfluidics market. It also delves into the analysis of present and prospective market competition within the global Microfluidics market.

Furthermore, the report offers an insightful examination of the primary industry drivers, constraints, and challenges. Each trend undergoes independent research to furnish qualitative analysis regarding its implications.

Reasons to Buy

  • Develop your business strategies by gaining insights into the trends that shape and drive the Microfluidics market across the 10MM (Ten Major Markets).
  • Increase revenue by comprehending key trends, innovative products and technologies, market segments, and companies poised to influence the future of the 10MM Microfluidics market.
  • Craft effective sales and marketing strategies by thoroughly understanding the competitive landscape and analyzing the performance of various competitors.
  • Identify emerging players with potentially robust product portfolios and devise strategic counter-strategies to gain a competitive advantage.
  • Optimize your sales and marketing efforts by pinpointing market categories and segments that offer the greatest opportunities for consolidations, investments, and strategic partnerships.
  1. Executive Summary: Microfluidics
    • Global Market Outlook: Microfluidics
  2. Competitive Intelligence Analysis: Microfluidics
  3. Therapeutic Sector SWOT
  4. Technology Roadmap Analysis: Microfluidics
  5. Market Background
    • Drivers
    • Restraints
    • Opportunity
    • Key Market Trends
    • Key Unmet Needs
  6. Key Marketed Products Profile – Major Approved Products: Microfluidics
    • Product Profile
    • Safety and Efficacy
  7. Regulatory Landscape
  8. Microfluidics: Ten Major Market (10MM) – Market Analysis, By Material
    • Polyvinyl Chloride (PVC)
    • Non-polyvinyl Chloride
    • Glass
    • Silicon
    • Metal
    • Ceramics
  9. Microfluidics: Ten Major Market (10MM) – Market Analysis, By Application
    • Point of care testing
    • Clinical Diagnostics
    • Drug Delivery
    • Analytical Testing
    • Others
  10. Microfluidics: Ten Major Market (10MM) – Market Analysis, By Technology
    • Organs-on-chips
    • Lab-on-a-chip
    • Continuous Flow Microfluidics
    • Optofluidics and Microfluidics
    • Others
  11. Microfluidics: Ten Major Market (10MM) – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Material
      • By Application
      • By Technology
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Material
      • By Application
      • By Technology
  1. S. Microfluidics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Material
      • By Application
      • By Technology
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Material
      • By Application
      • By Technology
  1. K. Microfluidics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Material
      • By Application
      • By Technology
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Material
      • By Application
      • By Technology
  1. Germany Microfluidics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Material
      • By Application
      • By Technology
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Material
      • By Application
      • By Technology
  1. France Microfluidics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Material
      • By Application
      • By Technology
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Material
      • By Application
      • By Technology
  1. Italy Microfluidics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Material
      • By Application
      • By Technology
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Material
      • By Application
      • By Technology
  1. Spain Microfluidics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Material
      • By Application
      • By Technology
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Material
      • By Application
      • By Technology
  1. Japan Microfluidics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Material
      • By Application
      • By Technology
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Material
      • By Application
      • By Technology
  1. China Microfluidics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Material
      • By Application
      • By Technology
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Material
      • By Application
      • By Technology
  1. Australia Microfluidics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Material
      • By Application
      • By Technology
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Material
      • By Application
      • By Technology
  1. India Microfluidics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Material
      • By Application
      • By Technology
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Material
      • By Application
      • By Technology
  1. Competitive Landscape
    • Company Overview
    • Product Portfolio
    • Key Financials
    • Sales Footprint

Note – All Major Company Profiles (Count up to 20) will be covered in the report

  1. Assumptions and Acronyms Used
  2. Research Methodology
    • Secondary Research
    • Primary Research
    • Data Triangulation
  3. Geographic Scope
    • The U.S., The U.K., Germany, France, Italy, Spain, Japan, China, Australia, and India
  4. Copyrights and Disclaimer

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