The global “Microfluidic Devices Market” is expected to gain impetus from increasing technological advancements in the biotechnology domain. According to a report by Fortune Business Insights, titled, “Microfluidic Devices Market Size, Share & Industry Analysis, By Device Type (Chips, Sensors, and Others), By Material (Glass, Silicon, PDMS and Others), By Applications (Pharmaceutical & Life Science Research, Diagnosis & Treatment, and Others), By End-user (Diagnostic Centers, Research Institutes, Pharmaceutical and Biotechnology Companies, Healthcare Facilities and Others) and Regional Forecast, 2019-2026,” the market is projected to reach USD 22.65 Billion by 2026, thereby exhibiting a CAGR of 20.5% during the forecast period.
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Key Players Operating in The Microfluidic Devices Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- uFluidix
- Perkin Elmer
- Fluidigm
- Blacktrace Holdings Ltd. (Dolomite Microfluidic)
- Micronit
- BioFluidix GmbH
- Fluigent
- ALine, Inc.
- Philips
- Other prominent players
Schott AG Acquires MINIFAB to Develop Top-quality Polymer and Glass Solutions
Schott AG, a company specializing in the production of glass and glass-ceramics, based in Germany, declared that it has completed its acquisition of MINIFAB PTY Ltd., a provider of custom-designed and manufactured microfluidic and medical devices, based in Australia in June 2019. This strategic collaboration will enable both companies to upgrade their portfolios in the diagnostics market. They will be able to provide the products to their existing consumers as well as serve new consumers effectively in the upcoming years by developing centers of excellence for glass in Germany and polymer in Australia. MINIFAB is an expert in business development. The combination of Schott’s technology expertise and glass development with MINIFAB’s unique polymer technology will allow consumers to choose from a wide range of products for their specific applications. Overall, key market players are focusing on innovative product launches and strategic acquirements to gain competitive edge and increase microfluidic devices market share in the coming years.
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Market Segmentation
By Component
- Chips
- Pumps
- Needles
By Material
- Silicon
- Glass
- Polymers
- Others
By Application
- Molecular & Cell Biology
- Drug Delivery
- Diagnostics
- Lab on a Chip
- Others
By End User
- Research Laboratories & Academic Institutes
- Pharmaceutical & Life Science Companies
- Others
By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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Global Microfluidic Devices Market Highlights:
The Microfluidic Devices Market report offers an in-depth analysis of the Microfluidic Devices industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Microfluidic Devices market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
Rising Usage of Microfluidic Devices to Boost Growth of Pharmaceutical and Biotechnology Companies Segment
In terms of end-user, the global microfluidic devices market is grouped into pharmaceutical and biotechnology companies, research institutes, diagnostic centers, and healthcare facilities and others. Out of these, the pharmaceutical and biotechnology companies segment is projected to lead the global market by acquiring the highest revenue in terms of share. It would occur due to the increasing manufacturing and usage of sensors, chips, and other microfluidic devices to offer novel and robust devices to the consumers. However, diagnostic centers and research institutes will also grow rapidly during the forecast period by utilizing microfluidic devices for various applications.
Detailed Table of Content:
Table Of Content:
1 Market Overview
1.1 Microfluidic Devices Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2020-2026)
1.4.1.2 Canada Market States and Outlook (2020-2026)
1.4.1.3 Mexico Market States and Outlook (2020-2026)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2020-2026)
1.4.2.2 France Market States and Outlook (2020-2026)
1.4.2.3 UK Market States and Outlook (2020-2026)
1.4.2.4 Russia Market States and Outlook (2020-2026)
1.4.2.5 Italy Market States and Outlook (2020-2026)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2020-2026)
1.4.3.2 Japan Market States and Outlook (2020-2026)
1.4.3.3 Korea Market States and Outlook (2020-2026)
1.4.3.4 India Market States and Outlook (2020-2026)
1.4.3.5 Southeast Asia Market States and Outlook (2020-2026)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2020-2026)
1.4.4.2 Egypt Market States and Outlook (2020-2026)
1.4.4.3 Saudi Arabia Market States and Outlook (2020-2026)
1.4.4.4 South Africa Market States and Outlook (2020-2026)
1.4.4.5 Turkey Market States and Outlook (2020-2026)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
3 Global Microfluidic Devices Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
3.1 Global Microfluidic Devices Sales and Market Share by Manufacturer (2017-2018)
3.2 Global Microfluidic Devices Revenue and Market Share by Manufacturer (2017-2018)
3.3 Market Concentration Rate
3.3.1 Top 3 Microfluidic Devices Manufacturer Market Share in 2018
3.3.2 Top 6 Microfluidic Devices Manufacturer Market Share in 2018
3.4 Market Competition Trend
4 Global Microfluidic Devices Market Analysis by Regions
4.1 Global Microfluidic Devices Sales, Revenue and Market Share by Regions
4.1.1 Global Microfluidic Devices Sales and Market Share by Regions (2020-2028)
4.1.2 Global Microfluidic Devices Revenue and Market Share by Regions (2020-2028)
4.2 North America Microfluidic Devices Sales and Growth Rate (2020-2028)
4.3 Europe Microfluidic Devices Sales and Growth Rate (2020-2028)
4.4 Asia-Pacific Microfluidic Devices Sales and Growth Rate (2020-2028)
4.5 South America Microfluidic Devices Sales and Growth Rate (2020-2028)
4.6 Middle East and Africa Microfluidic Devices Sales and Growth Rate (2020-2028)
5 North America Microfluidic Devices by Country
5.1 North America Microfluidic Devices Sales, Revenue and Market Share by Country
5.1.1 North America Microfluidic Devices Sales and Market Share by Country (2020-2028)
5.1.2 North America Microfluidic Devices Revenue and Market Share by Country (2020-2028)
5.2 United States Microfluidic Devices Sales and Growth Rate (2020-2028)
5.3 Canada Microfluidic Devices Sales and Growth Rate (2020-2028)
5.4 Mexico Microfluidic Devices Sales and Growth Rate (2020-2028)
8 South America Microfluidic Devices by Country
8.1 South America Microfluidic Devices Sales, Revenue and Market Share by Country
8.1.1 South America Microfluidic Devices Sales and Market Share by Country (2020-2028)
8.1.2 South America Microfluidic Devices Revenue and Market Share by Country (2020-2028)
8.2 Brazil Microfluidic Devices Sales and Growth Rate (2020-2028)
8.3 Argentina Microfluidic Devices Sales and Growth Rate (2020-2028)
8.4 Colombia Microfluidic Devices Sales and Growth Rate (2020-2028)
9 Middle East and Africa Microfluidic Devices by Countries
9.1 Middle East and Africa Microfluidic Devices Sales, Revenue and Market Share by Country
9.1.1 Middle East and Africa Microfluidic Devices Sales and Market Share by Country (2020-2028)
9.1.2 Middle East and Africa Microfluidic Devices Revenue and Market Share by Country (2020-2028)
9.2 Saudi Arabia Microfluidic Devices Sales and Growth Rate (2020-2028)
9.3 Turkey Microfluidic Devices Sales and Growth Rate (2020-2028)
9.4 Egypt Microfluidic Devices Sales and Growth Rate (2020-2028)
9.5 Nigeria Microfluidic Devices Sales and Growth Rate (2020-2028)
10 Microfluidic Devices Market In Developing Countries
11 South America Microfluidic Devices Market Analysis by Countries
12 Competitive Landscape
13 Industry Outlook
13.1 Market Driver Analysis
13.1.2 Market Restraints Analysis
13.1.3 Market Trends Analysis
13.2 Merger, Acquisition and New Investment
13.3 News of Product Release
14 Global Microfluidic Devices Market Forecast
15 New Project Feasibility Analysis
15.1 Industry Barriers and New Entrants SWOT Analysis
15.1.1 Porter’s Five Forces Analysis
15.1.2 New Entrants SWOT Analysis
15.2 Analysis and Suggestions on New Project Investment
Continued…
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Microfluidic Devices Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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