Microfluidics Market

The Microfluidics market is projected to reach USD 32.67 Billion by 2029 from USD 22.43 in 2024, growing at a CAGR of 7.8% during the forecast period. A number of reasons are driving the growth of the microfluidics market. The rising requirement of point-of-care diagnostics is an important factor,that helps to detect cancer, infectious diseases, and chronic illnesses, for which microfluidic devices are preferred due to their accuracy. Furthermore, innovations in miniaturization technology have caused the development of more compact and efficacious devices, which have uses in drug delivery and diagnostics. Moreover, increased R&D expenditures supports the growth of this market.

The challenges faced by Microfluidics impede its efficacy. One important obstacle is the complicated and costly manufacturing procedure for microfluidic devices, which demands specific materials and complex fabrication methods. Regulatory obstacles further increases difficulties, as getting approval for innovative technologies can be expensive and time-consuming.

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Emerging trends in the microfluidics industry are driving progress in several sectors. Lab-on-a-chip (LoC)is  an emerging technology that provides low-cost solutions for environmental investigation and disease monitoring. Similarly, organ-on-a-chip (OOC) technology has reshaped pharmaceutical research by imitating human organ functioning and improving the accuracy of clinical trials.

Here are some of the key players in the Microfluidics market: Abbott laboratories (US) , Agilent Technologies, Inc. (US), Aignep S.P.A (Italy), biomerieux (France), BD(US), Bio-Rad laboratories, Inc (US), Danaher Corporation (US), Illumina Inc. (US) Parker Hannifin Coporation (US), Thermo Fisher Scientific Inc. (US), SMC Corporation (Japan), Idex Corporation (US), Fortive Corporation (US), Perkinelmer, Inc. (US), F.Hoffmann-LA Roche Ltd (Switzerland), Standard Biotools Inc. (US), Quidelortho Corporation (US), Hologic Inc. (US), Dolomite Microfluidics (UK) and Elveflow (France).

Danaher Corporation (US):  Danaher Corporation is a prominent player in the microfluidics sector and a leader in science and technology worldwide. The company has global presence in Europe, Asia Pacific and North America. In 2023, the firm expanded its product selling acoss North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The firm offers diagnostics and medical equipment associated with microfluidics through its life sciences and diagnostics segment.Their product portfolio comprises Microfluidic dispensers, diagnostic testing systems and lab analytics tools. The firm engages in strategic acquisitions to enhance their global presence. For instance, in December 2023, the firm acquired Abcam plc (UK)to  expand its reach in the proteomics field.

Illumina, Inc. (US): Illumina is a significant player in the microfluidics market. It manufactures and sells life science tools , kits and reagents. The firm offers microfluidics-based equipment through its Core Illumina segment. The firm has global presence in Africa, the Asia Pacific, Central America, Europe, the Middle East, North America, and South America. The products offered include microfluidic-based sequencing solutions such as HiSeq, MiSeq, NextSeq500, NovaSeq 6000, iScan System, MiniSeq Systems, NeoPrep Library Prep Systems and PhiX Control v3. In March 2023, illumina launched Long Read Illumina Complete Long Read Prep, Human  (high-performance, long-read, human whole-genome sequencing assay that allow instruments to operate long as well as short-read sequencing.

Biomerieux (France): Biomerieux is making significant advancements in point-of-care devices and gene test kits. The firm has presence in 45 countries, offering services to 160+ nations. The company provides microfluidics products  through the Clinical Applications segment. The company provides wide range of microfluidics products such as BIOFIRE Respiratory 2.1 (RP2.1) Panel, BIOFIRE SPOTFIRE respiratory solution, BIOFIRE respiratory panel, BIOFIRE SPOTFIRE respiratory panel mini , BIOFIRE Spotfire systems among others. In June 2024, the firm launched BIOFIRE SPOTFIRE Respiratory/Sore Throat Panel Mini, a kind of PCR test that can detect major pathogens that causes respiratory or sore throat infections.

Related Reports:

Microfluidics Market by Product (Chip, Sensor, Valve, Pump, Needle), Material (Silicon, Polymer), Application (Diagnostics (Clinical, PoC), Research (Proteomic, Genomics, Cell), Therapeutics (Drug Delivery, Wearables)}, End User- Global Forecast to 2029

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