Microfluidic Devices Market Worth USD 158.1 Billion, Globally, by 2031 at 22.4% CAGR

According to the report published by Allied Market Research, the global microfluidic devices market generated $21.7 billion in 2021, and is estimated to reach $158.1 billion by 2031, witnessing a CAGR of 22.4% from 2022 to 2031. The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.

Application Areas: Microfluidic devices find applications in various sectors, including pharmaceuticals, biotechnology, healthcare, and academic research. These devices are used for tasks such as cell analysis, DNA sequencing, drug discovery, clinical diagnostics, and point-of-care testing.

Miniaturization and Automation: Microfluidic devices enable the miniaturization and automation of laboratory processes. They offer advantages such as reduced sample volumes, faster analysis time, improved accuracy, and cost savings. These factors have contributed to their growing adoption in research and clinical settings.

Lab-on-a-Chip Technology: Lab-on-a-chip technology, which integrates multiple laboratory functions onto a single chip, is a significant driver of the microfluidic devices market. It allows for the parallel processing of multiple samples, efficient use of reagents, and the ability to perform complex assays in a compact and portable format.

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Market Segmentation:

Material:

• Glass-based microfluidic devices
• Polymer-based microfluidic devices
• Silicon-based microfluidic devices
• Others (e.g., metals, ceramics)

Application:

• Clinical diagnostics
• Drug discovery and development
• Point-of-care testing
• Research (academic and industrial)
• Environmental monitoring
• Food and beverage testing
• Industrial process control
• Others

Product Type:

• Microfluidic chips
• Micropumps
• Microneedles
• Microvalves
• Droplet generators
• Lab-on-a-chip systems
• Others

End User:

• Hospitals and diagnostic laboratories
• Pharmaceutical and biotechnology companies
• Research institutes and academic institutions
• Contract research organizations (CROs)
• Others (food testing labs, environmental agencies, etc.)

Geography:

• North America (United States, Canada)
• Europe (United Kingdom, Germany, France, Spain, Italy, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Middle East and Africa (South Africa, Saudi Arabia, UAE, Rest of Middle East and Africa)

Functionality:

• Fluid handling
• Cell separation and manipulation
• Mixing and dilution
• Sample preparation and analysis
• Temperature control
• Detection and sensing

Technology:

• Continuous flow microfluidics
• Digital microfluidics
• Electrokinetic microfluidics
• Centrifugal microfluidics
• Paper-based microfluidics
• Others

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Regional Growth Dynamics:

Based on region, North America accounted for the highest share in 2021, contributing to more than two-fifths of the global microfluidic devices market, and is likely to dominate the market during the forecasted timeframe. However, Asia-Pacific is projected to portray the fastest CAGR of 24.6% during the forecast period. The research also analyzes the regions including Europe and LAMEA.

Competitive Landscape:

• Agilent Technologies, Inc.
• Danaher Corporation
• Thermo Fisher Scientific Inc.
• PerkinElmer, Inc.
• Fluidigm Corporation
• Dolomite Microfluidics
• Bio-Rad Laboratories, Inc.
• Illumina, Inc.
• Cepheid (a subsidiary of Danaher Corporation)

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