Microfluidics Market (Covid-19) Impact and Analysis by 2027 | Agilent Technologies, BD, Bio-Rad Laboratories; Danaher; Dolomite Microfluidics (Blacktrace Holdings Ltd.); Fludigm Corporation; Illumina,; microfluidic ChipShop GmbH, Perkin Elmer,, and Thermo

The Insight Partners analysts forecasts the latest report on “Microfluidics Market (Covid-19) Impact and Analysis by 2027”, according to report; The Microfluidics Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Microfluidics Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Microfluidics Market.

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The microfluidics market is expected to reach US$ 43,398.7 million in 2027 from US$ 11,851.1 million in 2019; it is estimated to grow at a CAGR of 17.9% from 2020 to 2027.

Some of the Major Market Players Are:

Agilent Technologies, Inc.
BD
Bio-Rad Laboratories Inc.
Danaher
Dolomite Microfluidics (Blacktrace Holdings Ltd.)
Fludigm Corporation
Illumina, Inc.
microfluidic ChipShop GmbH
Perkin Elmer, Inc.
Thermo Fisher Scientific Inc.

Market Insights

Innovations in Microfluidics Products Drive Market Growth

The increasing technological advancements in diagnostic devices and the rising incidence of chronic diseases are encouraging the adoption of microfluidics in disease diagnosis. The market is witnessing the launch of numerous technologically advanced products, such as 3D lab-on-a-chip devices. These advancements are leading to the evolution of a cost-effective mass-production process of diagnostic devices in a wide range of diagnostic applications. Also, key market players have been introducing new products to strengthen their market position.

A few major product launches are mentioned below:

• In February 2020, Miroculus, Inc., unveiled its Miro Canvas at the Advances in Genome Biology and Technology conference. The Miro Canvas system will automate and miniaturize complex protocols such as NGS library prep and improving library consistency. Also, it will decrease sample input requirements and reagent volumes.

• In January 2020, Nicoya launched the Alto surface plasmon resonance (SPR) system. It is a first fully-automated, high-throughput system that integrates digital microfluidics (DMF), artificial intelligence (AI), and nanotechnology. It offers high quality, label-free interaction analysis. This product is designed to reduce the time and cost of drug discovery.

• 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.

Product-Based Insights

In 2019, the devices segment held the largest share of the market based on product; the segment is expected to register a significant CAGR during the forecast period. The market for this segment is likely to witness lucrative growth owing the ability of devices to synthesize nanoparticles and nanocomposites, due to the efficient heat and mass transfers and spatial limitations in microfluidic devices, convenient parameter adjustments, and in situ process monitoring in microreactors. Moreover, the microfluidic devices are used in the single-cell trapping, automated micro-robotic injection, and drug discovery and analysis, among other applications. Thus, the above-mentioned factors is likely to anticipate in the growth of devices in the market.

Material-Based Insights

The global microfluidics market, based on material, is segmented into PDMS, polymers, glass, silicon, and others. The PDMS segment held the largest share of the market in 2019, and it is further anticipated to register a significant CAGR during 2020–2027.

Application-Based Insights

The global microfluidics market, based on application is segmented into in-vitro diagnostics, pharmaceutical and life science research, drug discovery, and other applications. In 2019, the In-vitro diagnostics segment accounted for the largest share of the market, and it is further expected register the highest CAGR from 2020 to 2027.

Strategic Insights

Product launches and approvals are the commonly adopted strategies by companies to expand their global footprints and product portfolios, which help them meet the growing consumer demand. The microfluidics market players adopted these strategies to enlarge their respective customer bases; this also permits them maintain their brand name globally.

Microfluidics Market – by Product

• Devices
• Microfluidic Chips
• Microfluidic Sensors
• Micropumps
• Microneedles
• Other Products

Microfluidics Market – by Material

• PDMS
• Glass
• Silicon
• Polymer
• Other Materials

Microfluidics Market – by Application

• In Vitro Diagnostics
o Point-of-Care Testing
o Clinical Diagnostics
• Pharmaceutical and Life Science Research
• Drug Discovery
• Other Applications

The report analyses factors affecting the Microfluidics Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Microfluidics Market in these regions.

Moreover, the report entails the estimate and analysis for the Microfluidics Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Microfluidics Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Microfluidics Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Microfluidics Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Microfluidics Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Microfluidics Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Microfluidics market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Microfluidics market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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