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Microfluidics Technology Market to record USD 29.41 Bn growth; Healthcare technology market identified as parent market

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NEW YORK, Nov. 21, 2022 /PRNewswire/ — The “Microfluidics Technology Market by Material and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The report expects the market size to grow by USD 29.41 billion accelerating at a CAGR of 19.42% during the forecast period. Technavio categorizes the global microfluidics technology market as a part of the global healthcare technology market, which, in turn, is a part of the global healthcare market. The market includes the revenue generated from the sales of healthcare applications and IT systems, Internet-based healthcare tools (such as monitoring devices), and IT consulting services to clinics, hospitals, or businesses operating primarily in the healthcare sector. Technavio calculates the global healthcare technology market size based on the combined revenue generated by manufacturers/providers of equipment, supplies, pharmaceuticals, biotechnology, healthcare technology players, and life sciences tools and services. Get more highlights into the parent market analysis. Download a Free PDF Report Sample

Microfluidics Technology Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The microfluidics technology market report covers the following areas:

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Microfluidics Technology Market 2022-2026: Scope

The global microfluidics technology market is highly fragmented, with small and large vendors operating in a highly competitive environment. The market players compete on various factors such as price, brand, availability, and variety. Price is a major base for competition among players to gain an edge in the market. The growth of the players in the market also depends on market conditions, government support, and industry development. Access to capital and advances in product innovations are major barriers to the entry of new players. Therefore, vendors must expand geographically as well as revive domestic demand to achieve sustained growth over time. Vendors can boost profitability by practicing efficient production techniques to minimize product costs and prevent cost overruns. There are a sizeable number of small regional vendors in the market. Intense competition and declining profit margins are significant risk factors for the vendors. Therefore, to survive and succeed in this intensely competitive environment, it becomes imperative for vendors to differentiate their product and service offerings through clear and unique value propositions. Get more insights into the vendor landscape. Download a Free PDF Report Sample

Microfluidics Technology Market 2022-2026: Segmentation

The global microfluidics technology market is segmented as below:

  • Material 
    • Polymer-based Microfluidics
    • Glass-based Microfluidics
    • Silicon-based Microfluidics
    • Others

The polymer-based microfluidics segment will have the largest share of the market. During the past decade, there has been significant progress in PMMA microfluidic chips. It is expected that PMMA microchips will find a wide range of applications in the healthcare industry and will lead to the creation of truly disposable microfluidic devices. Thus, the increased adoption of polymer-based microfluidics in various healthcare applications is driving the growth of the global microfluidics technology market in this segment.

  • End-user 
    • Hospitals
    • Diagnostic Centers
    • Academic Institutes

Hospitals are the prime-end users in the market. The hospital segment in which microfluidics technology may serve as autologous material for cell replacement therapies or even future organ transplants, with the possibility to correct disease-causing mutations before transplantation. The microfluidics technology will revolutionize precision diagnostic approaches and future drug development in diagnostic centers.

  • Geographic 
    • North America
    • Europe
    • Asia
    • Rest of World (ROW)

33% of the market growth will come from North America during the forecast period. The market in North America generates the highest revenue in the global microfluidics technology market. The region is dominated by the US, Canada, and Mexico. One of the factors for the high demand for this market in the US is the high investment in healthcare research and testing.

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Microfluidics Technology Market 2022-2026: Vendor Analysis

Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Agilent Technologies Inc., Becton Dickinson and Co., Bio Rad Laboratories Inc., Biocartis Group NV, BioFluidix GmbH, Blacktrace Holdings Ltd., Cellix Ltd., Danaher Corp., Elveflow, Epigem Ltd., F. Hoffmann La Roche Ltd., Fluigent SA, iBiochips, IDEX Corp., Illumina Inc., PerkinElmer Inc., QIAGEN NV, SMC Corp., Standard BioTools Inc., and Thermo Fisher Scientific Inc. are among some of the major market participants. Understand how the purchase of the report can have a direct impact on your revenue. Download a Free Sample Report Now

Microfluidics Technology Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist microfluidics technology market growth during the next five years
  • Estimation of the microfluidics technology market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the microfluidics technology market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of microfluidics technology market vendors

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Microfluidics Technology Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 19.42%

Market growth 2022-2026

USD 29.41 billion

Market structure

Fragmented

YoY growth (%)

18.71

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 33%

Key consumer countries

US, Canada, UK, Germany, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Agilent Technologies Inc., Becton Dickinson and Co., Bio Rad Laboratories Inc., Biocartis Group NV, BioFluidix GmbH, Blacktrace Holdings Ltd., Cellix Ltd., Danaher Corp., Elveflow, Epigem Ltd., F. Hoffmann La Roche Ltd., Fluigent SA, iBiochips, IDEX Corp., Illumina Inc., PerkinElmer Inc., QIAGEN NV, SMC Corp., Standard BioTools Inc., and Thermo Fisher Scientific Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Material
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026 
    • Exhibit 14: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 18: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 24: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Material

  • 5.1 Market segments
    • Exhibit 25: Chart on Material – Market share 2021-2026 (%)
    • Exhibit 26: Data Table on Material – Market share 2021-2026 (%)
  • 5.2 Comparison by Material 
    • Exhibit 27: Chart on Comparison by Material
    • Exhibit 28: Data Table on Comparison by Material
  • 5.3 Polymer-based microfluidics – Market size and forecast 2021-2026 
    • Exhibit 29: Chart on Polymer-based microfluidics – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Data Table on Polymer-based microfluidics – Market size and forecast 2021-2026 ($ million)
    • Exhibit 31: Chart on Polymer-based microfluidics – Year-over-year growth 2021-2026 (%)
    • Exhibit 32: Data Table on Polymer-based microfluidics – Year-over-year growth 2021-2026 (%)
  • 5.4 Glass-based microfluidics – Market size and forecast 2021-2026 
    • Exhibit 33: Chart on Glass-based microfluidics – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Data Table on Glass-based microfluidics – Market size and forecast 2021-2026 ($ million)
    • Exhibit 35: Chart on Glass-based microfluidics – Year-over-year growth 2021-2026 (%)
    • Exhibit 36: Data Table on Glass-based microfluidics – Year-over-year growth 2021-2026 (%)
  • 5.5 Silicon-based microfluidics – Market size and forecast 2021-2026 
    • Exhibit 37: Chart on Silicon-based microfluidics – Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Data Table on Silicon-based microfluidics – Market size and forecast 2021-2026 ($ million)
    • Exhibit 39: Chart on Silicon-based microfluidics – Year-over-year growth 2021-2026 (%)
    • Exhibit 40: Data Table on Silicon-based microfluidics – Year-over-year growth 2021-2026 (%)
  • 5.6 Others – Market size and forecast 2021-2026 
    • Exhibit 41: Chart on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Data Table on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Chart on Others – Year-over-year growth 2021-2026 (%)
    • Exhibit 44: Data Table on Others – Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by Material 
    • Exhibit 45: Market opportunity by Material ($ million)

6 Market Segmentation by End-user

  • 6.1 Market segments
    • Exhibit 46: Chart on End-user – Market share 2021-2026 (%)
    • Exhibit 47: Data Table on End-user – Market share 2021-2026 (%)
  • 6.2 Comparison by End-user 
    • Exhibit 48: Chart on Comparison by End-user
    • Exhibit 49: Data Table on Comparison by End-user
  • 6.3 Hospitals – Market size and forecast 2021-2026 
    • Exhibit 50: Chart on Hospitals – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Hospitals – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Hospitals – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Hospitals – Year-over-year growth 2021-2026 (%)
  • 6.4 Diagnostic centers – Market size and forecast 2021-2026 
    • Exhibit 54: Chart on Diagnostic centers – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Diagnostic centers – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Diagnostic centers – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Diagnostic centers – Year-over-year growth 2021-2026 (%)
  • 6.5 Academic institutes – Market size and forecast 2021-2026 
    • Exhibit 58: Chart on Academic institutes – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Academic institutes – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Academic institutes – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Academic institutes – Year-over-year growth 2021-2026 (%)
  • 6.6 Market opportunity by End-user 
    • Exhibit 62: Market opportunity by End-user ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview 
    • Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation 
    • Exhibit 64: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 65: Data Table on Market share by geography 2021-2026 (%)
  • 8.2 Geographic comparison 
    • Exhibit 66: Chart on Geographic comparison
    • Exhibit 67: Data Table on Geographic comparison
  • 8.3 North America – Market size and forecast 2021-2026 
    • Exhibit 68: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 69: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 70: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 71: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 8.4 Europe – Market size and forecast 2021-2026 
    • Exhibit 72: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 73: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 74: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 75: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 8.5 Asia – Market size and forecast 2021-2026 
    • Exhibit 76: Chart on Asia – Market size and forecast 2021-2026 ($ million)
    • Exhibit 77: Data Table on Asia – Market size and forecast 2021-2026 ($ million)
    • Exhibit 78: Chart on Asia – Year-over-year growth 2021-2026 (%)
    • Exhibit 79: Data Table on Asia – Year-over-year growth 2021-2026 (%)
  • 8.6 Rest of World (ROW) – Market size and forecast 2021-2026 
    • Exhibit 80: Chart on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million)
    • Exhibit 81: Data Table on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million)
    • Exhibit 82: Chart on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)
    • Exhibit 83: Data Table on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)
  • 8.7 US – Market size and forecast 2021-2026 
    • Exhibit 84: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 85: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 86: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 87: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 8.8 China – Market size and forecast 2021-2026 
    • Exhibit 88: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 89: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 90: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 91: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 8.9 UK – Market size and forecast 2021-2026 
    • Exhibit 92: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 93: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 94: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 95: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 8.10 Germany – Market size and forecast 2021-2026 
    • Exhibit 96: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 97: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 98: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 99: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 8.11 Canada – Market size and forecast 2021-2026 
    • Exhibit 100: Chart on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 101: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 102: Chart on Canada – Year-over-year growth 2021-2026 (%)
    • Exhibit 103: Data Table on Canada – Year-over-year growth 2021-2026 (%)
  • 8.12 Market opportunity by geography 
    • Exhibit 104: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.3 Impact of drivers and challenges 
    • Exhibit 105: Impact of drivers and challenges in 2021 and 2026

10 Vendor Landscape

  • 10.2 Vendor landscape
    • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption
    • Exhibit 107: Overview on factors of disruption
  • 10.4 Industry risks
    • Exhibit 108: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 109: Vendors covered
  • 11.2 Market positioning of vendors 
    • Exhibit 110: Matrix on vendor position and classification
  • 11.3 Agilent Technologies Inc. 
    • Exhibit 111: Agilent Technologies Inc. – Overview
    • Exhibit 112: Agilent Technologies Inc. – Business segments
    • Exhibit 113: Agilent Technologies Inc. – Key news
    • Exhibit 114: Agilent Technologies Inc. – Key offerings
    • Exhibit 115: Agilent Technologies Inc. – Segment focus
  • 11.4 Becton Dickinson and Co. 
    • Exhibit 116: Becton Dickinson and Co. – Overview
    • Exhibit 117: Becton Dickinson and Co. – Business segments
    • Exhibit 118: Becton Dickinson and Co. – Key news
    • Exhibit 119: Becton Dickinson and Co. – Key offerings
    • Exhibit 120: Becton Dickinson and Co. – Segment focus
  • 11.5 Bio Rad Laboratories Inc. 
    • Exhibit 121: Bio Rad Laboratories Inc. – Overview
    • Exhibit 122: Bio Rad Laboratories Inc. – Business segments
    • Exhibit 123: Bio Rad Laboratories Inc. – Key news
    • Exhibit 124: Bio Rad Laboratories Inc. – Key offerings
    • Exhibit 125: Bio Rad Laboratories Inc. – Segment focus
  • 11.6 F. Hoffmann La Roche Ltd. 
    • Exhibit 126: F. Hoffmann La Roche Ltd. – Overview
    • Exhibit 127: F. Hoffmann La Roche Ltd. – Business segments
    • Exhibit 128: F. Hoffmann La Roche Ltd. – Key news
    • Exhibit 129: F. Hoffmann La Roche Ltd. – Key offerings
    • Exhibit 130: F. Hoffmann La Roche Ltd. – Segment focus
  • 11.7 Fluigent SA
    • Exhibit 131: Fluigent SA – Overview
    • Exhibit 132: Fluigent SA – Product / Service
    • Exhibit 133: Fluigent SA – Key offerings
  • 11.8 IDEX Corp.
    • Exhibit 134: IDEX Corp. – Overview
    • Exhibit 135: IDEX Corp. – Business segments
    • Exhibit 136: IDEX Corp. – Key offerings
    • Exhibit 137: IDEX Corp. – Segment focus
  • 11.9 Illumina Inc.
    • Exhibit 138: Illumina Inc. – Overview
    • Exhibit 139: Illumina Inc. – Business segments
    • Exhibit 140: Illumina Inc. – Key news
    • Exhibit 141: Illumina Inc. – Key offerings
    • Exhibit 142: Illumina Inc. – Segment focus
  • 11.10 PerkinElmer Inc.
    • Exhibit 143: PerkinElmer Inc. – Overview
    • Exhibit 144: PerkinElmer Inc. – Business segments
    • Exhibit 145: PerkinElmer Inc. – Key news
    • Exhibit 146: PerkinElmer Inc. – Key offerings
    • Exhibit 147: PerkinElmer Inc. – Segment focus
  • 11.11 SMC Corp.
    • Exhibit 148: SMC Corp. – Overview
    • Exhibit 149: SMC Corp. – Product / Service
    • Exhibit 150: SMC Corp. – Key offerings
  • 11.12 Thermo Fisher Scientific Inc. 
    • Exhibit 151: Thermo Fisher Scientific Inc. – Overview
    • Exhibit 152: Thermo Fisher Scientific Inc. – Business segments
    • Exhibit 153: Thermo Fisher Scientific Inc. – Key news
    • Exhibit 154: Thermo Fisher Scientific Inc. – Key offerings
    • Exhibit 155: Thermo Fisher Scientific Inc. – Segment focus

12 Appendix

  • 12.2 Inclusions and exclusions checklist 
    • Exhibit 156: Inclusions checklist
    • Exhibit 157: Exclusions checklist
  • 12.3 Currency conversion rates for US$ 
    • Exhibit 158: Currency conversion rates for US$
  • 12.4 Research methodology
    • Exhibit 159: Research methodology
    • Exhibit 160: Validation techniques employed for market sizing
    • Exhibit 161: Information sources
  • 12.5 List of abbreviations 
    • Exhibit 162: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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