Increasing demand for low volume sample analysis in diagnostics is a major factor driving market revenue growth

The global microfluidics market size is expected to reach USD 81.13 Billion in 2030 and register a revenue CAGR of 16.2% over the forecast period, according to the latest report by Reports and Data. Increasing importance of Point-Of-Care (POC) testing in medical emergencies for quick diagnosis and decision making is expected to drive market revenue growth during the forecast period. POC devices are widely accepted diagnostic tools in the healthcare sector owing to advantages such as rapid and accurate detection, ease of operation, cost-effectiveness, portability, and non-requirement of specialized professionals.

Microfluidics platforms handle low volume samples such as femtoliters (fL), which is one quadrillionth of a liter. This allows researchers to work with fewer samples and reagents with more accuracy and provide results faster than with traditional methods. The need for immovable desktop scanners or cameras that are sensitive to ambient light conditions makes it difficult to use paper-based colorimetric immunoassays such as enzyme-linked immunosorbent assay (ELISA). Microfluidic POC testing has proven to be a robust and optimal medical technology compared to standard laboratory-based testing, especially in demanding and resource-constrained environments. The COVID-19 pandemic has been one of the major factors driving adoption of POC testing owing to cost-effectiveness and short duration of patient stay in hospital.

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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply & demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.

The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.

Key companies profiled in the report include:

uFluidix, Nanōmix, Inc., Quidel Corporation, biosurfit SA, Abbott, Illumina, Inc., Abaxis, NanoEntek, PerkinElmer Inc., and Bio-Rad Laboratories, Inc.

Market Segmentation by Types:

Components Outlook (Revenue, USD Billion; 2019-2030)

Microfluidic Chips
Micropumps
Microneedles
Other Components
Application Outlook (Revenue, USD Billion; 2019-2030)

Drug Delivery
Point-of-Care (POC) Diagnostics
Pharmaceutical and Biotechnology Research
Clinical Diagnostics
Others
Material Outlook (Revenue, USD Billion; 2019-2030)

Polymer
Silicone
Glass
Other Materials
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Microfluidics market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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Some Key Highlights From the Report

POC diagnostics segment accounted for a significantly large revenue share in 2021, especially as a result of rising prevalence of infectious diseases and high demand for home care. Microfluidics offers excellent functionality and flexibility and can be integrated into various on-chip diagnostic modules, which is an extremely attractive solution for developing countries. Low medical and research cost requires low volume samples, and this is driving demand for microfluidic-based devices, especially in low-income countries.
Polymer material, especially Polydimethylsiloxane (PDMS), segment revenue is expected to register a steady growth rate during the forecast period. PDMS is currently in very high demand and is a widely used material for fabricating microfluidic devices owing to its flexibility in molding and pressing, ease to procure, and biocompatibility. Furthermore, microfluidic devices can utilize hybrids of silicon, glass, and polymer materials, providing for more usability.
Market in North America accounted for largest revenue share in global microfluidics market in 2021, owing to well-established healthcare system and high acceptance of novel therapeutics in countries in the region. The US is one of the prime destinations for R&D, for which budgets are significantly high.
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