Microfluidics refers to specific control and management of fluids that are constrained to a small micrometre-sized channel. They are a set of micrometre sized-channels are fixed or shaped into a glass, silicon or polymer material. The network of micro-channels embedded into the microfluidic chip is connected inputs and outputs pierced through the chip, as an interface between the macro- and micro-world. The channels creating the microfluidic chip are connected in order to get desired results. The level of control that is offered by microfluidic chips has changed the way that researchers study the connection between molecules.
The global microfluidic chips market was valued at US$ 3,018.8 Mn in 2018 and is expected to grow with a high CAGR during the forecast period. Microfluidic chips are witnessing rapid growth globally since its applications have become more relevant in life sciences. Factors supporting the growth of microfluidic chips include its unique chemical property and physical features that arise in fluids at the micron size, which are allowing several advantages over conventional methods of application.
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This microfluidic chips market report covers an in-depth analysis of the market including statistical and subjective data points, along with the key market drivers and opportunities & restraints that have positive or negative effects on the overall global market. An exclusive coverage has been provided for market drivers and challenges & opportunities for a country-level market in the respective regional segments. The report comprises a competitive analysis of the key players functioning in the market and covers in-depth data related to the competitive landscape of the market and the recent strategies & products that will assist or affect the market in the near future.
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The global microfluidic chips market has been segmented into different types based on the materials used for manufacturing the chip. Based on type, the global microfluidic chips market has been segmented into glass, silicon, polymers, and others. Based on type, the polymer microfluidic chips segment accounted for the highest share of 35.7% in the base year 2018 and is expected to grow at the highest CAGR over the forecast period. The polymer microfluidic chips are cost effective and can be used in the various healthcare applications.
Based on end-use the global microfluidic chips market has been segmented into healthcare, chemicals and others. The others end-use segment includes industries such as food, agriculture and environment analysis. The healthcare end-use industry accounted for the highest share of 90.6% in the base year 2018. Microfluidic chips have been used in the healthcare industry for various applications such as Polymerase Chain Reaction (PCR), lab-on-chip, drug delivery, drug discovery, etc.
Polymer dominated the market in 2018
The polymer microfluidic chips segment was accounted for 35.7% share in the market in the year 2018. Based on their physical properties, the different types of polymers used for the fabrication of microfluidic chips are thermoplastics, thermosets, and elastomers. Elastomers and thermoplastics are more widely used for the manufacturing of microfluidic chips than thermosets. Polymers are inexpensive as compared to other materials and are also easy to access. Hence, they are being widely used for the manufacturing of microfluidic chips used in academic institutes.
North America is dominating the market
North America led the global market for microfluidic chips, and the region accounted for revenue of US$ 1,112.2 Mn in 2018 and is expected to grow with a high CAGR during the forecast period. High presence of state-of-the-art healthcare facilities in the U.S., and aggressive research and development activities in the field of personalized medicine, coupled with favourable support from the regulatory authorities are some of the factors responsible for the growth of the microfluidic chips market in the U.S. North America accounted for a market share of 36.8% in 2018. The U.S. is the major contributor to the growth of the industry within the North American region. Rising incidence of cancer and diabetes in the country has led the increased demand personalized treatment in the country, thereby resulting in the growth of the microfluidic chips market.
The key players operating in global microfluidic chips market includes Fluidigm Corporation, Agilent Technologies, Inc., Becton, Dickinson and Company, Danaher Corporation, PerkinElmer. Corporation, Bio-Rad Laboratories, Dolomite Microfluidics, 908 Devices Inc., MICROLIQUID, Micralyne Inc., among others. To expand the market, the majority of vendors are adopting new technologies and product launches, in order to gain competitive advantage in the global market. The microfluidic chip market is largely driven by new product launches and acquisitions
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