The global microfluidic devices market size stood at USD 5.14 Billion in 2018 and is projected to reach USD 22.65 Billion by 2026, exhibiting a CAGR of 20.5% during the forecast period.
The Microfluidic Devices Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the The Microfluidic Devices Market by region.
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Microfluidic was initially applied in the field of microbiology as a tool for microanalysis as it requires small volume of samples and reagents. Furthermore, the implementation of microfluidic technology in a small and cheap device rapidly increased the popularity of the microfluidic devices. Over the years, microfluidic has been implemented more and more in life science applications. This has motivated the pharmaceutical and biotechnology companies to manufacture, introduce and develop sophisticated microfluidic devices in the market.
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Pre-Post COVID-19 Impact on Global Microfluidic Devices Market
COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Microfluidic Devices Market, since end-user industries were still not operating at their full capacity.
Who are the Major Microfluidic Devices Market Vendors?
- Perkin Elmer
- Blacktrace Holdings Ltd. (Dolomite Microfluidic)
- BioFluidix GmbH
- ALine, Inc.
- Other prominent players
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This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.
Estimation of Market Size
The total size of the Microfluidic Devices Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:
Extensive secondary research was used to identify the industry’s key players.
The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.
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|North America||United States, Canada and Mexico|
|Europe||Germany, UK, France, Italy, Russia and Turkey etc.|
|Asia-Pacific||China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam etc.|
|South America||Brazil, Argentina, Columbia etc.|
|Middle East & Africa||Saudi Arabia, UAE, Egypt, Nigeria and South Africa|
- How big is the Microfluidic Devices Market?
- What is Microfluidic Devices Market?
- Who is the market leader in Microfluidic Devices Market?
- Who are the major players in Microfluidic Devices Market?
- What is the future of Microfluidic Devices Market?
- What are the fastest growing industries?
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