Global Microfluidic Devices Market Forecast 2026

Posted by Sonika on January 27th, 2021

Bharat Book Bureau Provides the Trending Market Research Report on “Global Microfluidic Devices Market (by Device Type, Material, Application, Industry, Geography), Impact of COVID-19, Company Profiles and Recent Developments - Forecast to 2026 ”under Healthcare Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

The global microfluidic devices market is projected to reach US$ 22.65 Billion by 2026. Microfluidics is the technology that deals with the flow of liquids through microscopic channels such as chips, nozzles, and pumps. Microfluidics allow high-throughput screening and experimentation that revolve around a series of techniques. The technology is used for processing and manipulating small amounts of liquid using channels that possess micrometer dimensions. The factors, such as the rising demand for POC testing, high incidence rate of lifestyle diseases, technological advancements, increasing focus on data precision & accuracy, fast returns on investment and faster testing & improved portability through microfluidic chip miniaturization, are driving the market. Moreover, factors such as the growing geriatric population, increasing investments in the healthcare industry, rising demand for advanced technologies and the expansion of private-sector hospitals to rural areas in various countries has boosted the growth of microfluidic devices.
Recent Developments
• In March 2020, Becton, Dickinson, and Company (US) received CE approval for the VIASURE SARS-CoV-2 Real-time PCR detection kit adapted for the BD MAX System for detection of COVID-19.
• In November 2019, MicroMedicine, Inc., launched Sorterra Cell Isolation System. This new, patented automated technology isolates white blood cells from human peripheral blood using microfluidic channels without the use of centrifugation or labeling.
By Device Type - Global Microfluidic Devices Market and Forecast
• The chips segment accounted for maximum share of the microfluidic devices market in 2019.
• Sensors is the second leading segment for microfluidic devices market, responsible for around 20% share in 2019.
• Micro needle system plays an important role in pharmaceutical, biotechnology and medical industries.
• Globally, the market for microfluidic pumps is gaining significant importance due to growing R&D investment in life sciences, pharmaceuticals, and increasing point of care testing demand.
By Material - Global Microfluidic Devices Market and Forecast
• The polymers segment accounts for highest share of the global microfluidic devices market, as polymers are cheaper material and allow for quick fabrication processes in comparison to silicon and glass.
• Silicon and glass were the original materials first used for microfluidic applications. Silicon was first selected due to its resistance to organic solvents, ease in metal depositing, high thermo-conductivity, and stable electroosmotic mobility
By Application - Global Microfluidic Devices Market and Forecast
• Pharmaceutical and life sciences research commands the largest share of the microfluidic devices market.
• Clinical and veterinary diagnostics is the second leading application segment for microfluidic devices market.
• Point-of-care diagnostic devices founded in microfluidic technologies will lead the change to personalized medicine, thereby, having a great effect in the diagnosis and treatment of diseases.
By Industry - Global Microfluidic Devices Market and Forecast
• In-vitro diagnostics remained the largest segment type by industry, accounting for around 50% share of the microfluidic devices market in 2019.
• Microfluidic technologies are emerging as powerful tools for the drug discovery and development processes.
• The technological advancements in medical devices such as miniaturization, automation and enhanced functionality with help of complex electrical control, mechanical properties are major factors driving growth of the global microfluidics medical devices market.
By Geography - Microfluidic Devices Market and Forecast
• North America accounted for largest share of the microfluidic devices market, followed by Europe.
• In Europe microfluidic devices market, Germany accounted for the largest market share in 2019.
• The United Kingdom has observed the fastest growth in the Europe microfluidics market in the past few years.
• Asia Pacific is the fastest growing market for microfluidic devices.
• With the outbreak of COVID-19 pandemic every country is increasing expenditure on healthcare, research & development, lab testing devices where microfluidics plays a vital role.
• It is predicted that the Middle East and Africa will account for around 5% share of the microfluidic devices market by 2026.

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By Device Type - Global Microfluidic Devices Market and Forecast
1. Chips
2. Micro Pumps
3. Sensors
4. Micro Needles
5. Others
By Material - Global Microfluidic Devices Market and Forecast
1. Silicon
2. Glass
3. Polymers
4. Others
By Application - Global Microfluidic Devices Market and Forecast
• Pharmaceuticals and Life Sciences Research
• Clinical and Veterinary Diagnostics
• Point of Care Diagnostics
• Analytical Devices
• Drug Delivery
• Environmental and Industrial
• Others
By Industry - Global Microfluidic Devices Market and Forecast
1. In- Vitro Diagnostics
2. Pharmaceuticals
3. Medical Devices
4. Others
By Geography - Microfluidic Devices Market and Forecast
1. North America
• United States
• Canada
• Rest of North America
2. Europe
• Germany
• France
• Italy
• Spain
• United Kingdom
• Netherlands
• Switzerland
• Belgium
• Rest of Europe
3. Asia Pacific
• Japan
• China
• India
• Rest of Asia Pacific
4. Latin America
5. Middle East & Africa
Global Microfluidic Devices Market - Company Profiles
1. uFluidix
2. PerkinElmer Inc.
3. Fluidigm
4. Blacktrace Holdings Ltd. (Dolomite Microfluidic)
5. Micronit
6. BioFluidix Gmbh
7. Fluigent
8. ALine Inc.
9. Philips
10. Danaher Corporation
11. Thermo Fisher Scientific
12. Agilent Technologies
13. Becton, Dickinson and Company
14. Illumina, Inc.
15. Abbott Laboratories
Data Sources
iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.
Research Methodologies
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.

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Joined: January 22nd, 2019
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