Microfluidics Market Size, Trends Shares 2027
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Microfluidics is the technology that deals with the flow of liquids through microscopic channels such as chips, nozzles, and pumps. Microfluidics technology-based products control and manipulate the fluids at lowest dimensions from ten to hundreds micrometer. Microfluidics is based on the designing, manufacturing and formulation of devices and assays, which deal with extremely low volume of fluids usually in the range of microliters (10-6) to Pico liters (10-12).
The global microfluidics market is estimated to account for US$ 3,800.4 Mn in terms of value in 2018 and is expected to reach US$ 12,927.6 Mn by the end of 2027.
Digital microfluidic chips (DMFBs) consists of droplets of fluid ranging between micro-liter to nano-liter scale which perform biochemical assays on a platform with a set of insulated electrodes and essentially scale down operations that would require an entire lab. Microfluidics applications include in-vitro diagnostics, drug administration, cell analysis, immunoassays, protein crystallizations, and DNA amplification. Microfluidic biochips consist of functional layers such as flow layer with microchannels for transportation of sample, and control layer for transmitting control signals (i.e., hydraulic or pneumatic pressure). Elastomer material such as polydimethylsiloxane (PDMS) is used to manufacture these layers. Commercially available products include Vena Delta Y2 Microfluidic Biochip, LabChip, DropletQuant, and ACIX 100.
High incidence rate of lifestyle diseases is expected to propel growth of the global microfluidics market over the forecast period. For instance, according to the study, ‘Global Prevalence of Type 2 Diabetes over the Next Ten Years (2018-2028)’, published by the American Diabetes Association, 500 million people worldwide suffered from type 2 diabetes in 2018.
Moreover, miniaturization, integration, and automation of precious complex chemical, biological, and physical assays is also expected to aid in growth of the market. Microfluidics system is an effective tool for biological and chemical assays, owing to its benefits such as less consumption of sample and reagents, minimization of analysis time, easy of automation, and permit to conduct parallel assays, which decreases the cost of the assays and time required. Furthermore, it has huge potential in next generation sequencing point-of-care diagnostic devices due to its cost effective manufacturing as well as high system integration and portability, which increases demand for microfluidics over the forecast period.
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Table of Contents
Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Drug Type
Market Snippet, By Distribution Channel
Market Snippet, By Region
Coherent Opportunity Map (COM)
Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Impact Analysis
Market Trends
Regulatory Scenario
Reimbursement Scenario
Epidemiology
PEST Analysis
Recent Product Launch
Merger and Acquisition Scenario
Top players in the market
Players in the market are also focused on launching new products to expand their product portfolio. For instance, in January 2020, Nicoya, a healthtech startup, launched Alto, a fully-automated benchtop surface plasmon resonance (SPR) system, a laboratory instrument that integrates digital microfluidics, artificial intelligence, and nanotechnology to measure the interactions between molecules in real-time without the use of labels.
In November 2019, MicroMedicine, Inc., a life sciences technology company, launched the Sorterra Cell Isolation System, an automated, microfluidics-based cell isolation technology at the Society for Immunotherapy of Cancer (SITC) Meeting.
Research methodology adopted by Coherent Market Insights
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
Primary Research (Trade Surveys and Experts Interviews)
Desk Research
Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
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