Market Analysis: Global Microfluidic Devices Market

Global microfluidic devices market is expected to register a healthy CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the significant rise in the demand for POCT testing as well as an increase in the application areas of microfluidic devices in genomics and proteomics.

Key Market Competitors:

Few of the major competitors currently working in the global microfluidic devices market are F. Hoffmann-La Roche Ltd; Agilent Technologies, Inc.; Bio-Rad Laboratories, Inc.; Fluidigm Corporation; RainDance Technologies, Inc.; Cepheid; Blacktrace Holdings Limited; Micronit Micro Technologies B.V.; BD; MICRUX; uFluidix; Elveflow; Koninklijke Philips N.V.; Carville Limited; inziGn Pte Ltd.; MicroLab Devices; ARaymond; MICROLIQUID; Epigem Limited; LioniX International; Little Things Factory GmbH; microfluidic ChipShop GmbH; Micralyne, Inc. MEMS Foundary and Lunaphore Technologies among others.

Market Definition: Global Microfluidic Devices Market

Microfluidic devices are the instruments, consumables and medical devices that are utilized in the field of microfluidics. These devices are used in the controlling, monitoring and manipulation of fluids at the micro level generally at a sub-millimeter scale. This field is currently being utilized in the development of medicine, protein crystallization and cell biology research. These devices therefore result in improvement of healthcare services and resulting in better treatment services being provided to the patient.

Market Drivers

Improvements in the manufacturing processes of these devices is expected to positively affect the growth of the market
Growing levels of research conducted for the production of these devices from polymeric materials is also expected to positively affect the growth of the market
Reduction in the sizes of chips, essentially resulting in miniaturization of devices is also expected to drive the growth of the market

Market Restraints

Presence of strict regulations in the market presented by the authorities of different regions regarding the approvals and commercialization of the product are factors restraining the growth of the market
Complications with the surface chemistry and geometrical issues with these devices is also expected to restrict the growth of the market

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Segmentation: Global Microfluidic Devices Market

By Material

Glass
Polymer
Silicon
Others

By Applications

In-Vitro Diagnostics
Pharmaceuticals
Medical Devices

By End-Users

Point-Of-Care-Testing (POCT)
Pharmaceutical & Life Science Research
Drug Delivery
Analytical Devices
Clinical & Veterinary Diagnosis
Environment & Industrial

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
South America
Brazil
Rest of South America
Middle East and Africa
South Africa
Rest of Middle East and Africa

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Key Developments in the Market:

In February 2019, Lunaphore Technologies announced the launch of their CE marked product for immunohistochemistry (IHC) staining. The product is an automated reagent delivery system branded as “LabSat” and complies with all the regulations presented by the authorities of the European Union. The accuracy and high-speed operations are achieved with the help of innovative microfluidic device processor which is the basis for the operation of the device. The microfluidic technology which is patented enables significant reduction in the incubation time
In April 2016, ARaymond and Leti announced that they had entered into a joint initiative for the advancements and production of medical devices, focusing on microfluidic cartridges. The collaboration will focus on the development of cartridges so that the time taken for the detection of results and costs associated can be significantly reduced. This collaboration will give complement to both organizations’ strengths helping in the faster introduction of medical devices and innovative solutions

Competitive Analysis:

Global microfluidic devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of microfluidic devices market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.