Applications of microfluidics in drug delivery and diagnostics will continue to fuel the market for microfluidics over the next few years. “The US$ 2.9 Bn microfluidics market will possibly cross US$ 11 Bn by the end of 2026. North America is expected to contribute over US$ 3 Bn to the total revenues in 2026. The collective share of North America and Asia Pacific will be over 40%,” states Future Market Insights in a recently published market report outlook, titled “Microfluidics Market: Global Industry Analysis and Opportunity Assessment, 2016-2026.”
The global microfluidics market is segmented on the basis of material type, application, industry and region.
Based on material, ceramics will continue to be the most sought after material for microfluidic device or kit manufacturing. Ceramics segment is expected to remain dominance, accounting for over 42% market value share in 2026, followed by glass, polymer, and silicon. While ceramics is likely to witness the fastest growth, polymer segment is anticipated to exhibit a significant CAGR of over 15% over 2016-2026, driven by PVC.
By application, POCT (point of care testing) segment is projected to retain dominance through 2026, accounting for over 33% share in terms of revenues. Clinical diagnostics and analytical testing will remain the next major segments in the global microfluidics market.
On the basis of industry, in-vitro diagnostics, life science research, and pharmaceuticals are likely to be the key segments. In-vitro diagnostics segment is estimated to hold a share of over 35% in the total market revenues. The fastest growing segment will be in-vitro diagnosis.
Geographically, North America, followed by Western Europe are expected to remain the dominant regions for microfluidics, capturing respective market value share of over 26% and over 21% share by 2026 end. Asia Pacific (excluding Japan) will possibly represent the most lucrative market, expanding at a significant CAGR of over 14% throughout the forecast period.
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Summary of Table of Content:
3.Assumptions and Acronyms Used
4.Global Microfluidics Market Overview
5.Global Microfluidics Market Dynamics
6.Global Microfluidics Market Trends
7.Global Microfluidics Market– Scenario Forecast
8.Global Microfluidics Market Value Chain Analysis
9.Global Microfluidics Market Price Projections per Region
10.Global Microfluidics Market Analysis by Material Type
11.Global Microfluidics Market Analysis by Application Type
12.Global Microfluidics Market Analysis by Industry
13.Global Microfluidics Market Analysis by Geography
14.North America Target Market Analysis and Forecast
15.Latin America Target Market Analysis and Forecast
16.Western Europe Market Analysis and Forecast
17.Eastern Europe Market Analysis and Forecast
18.APEJ Market Analysis and Forecast
19.Japan Market Analysis and Forecast
20.MEA Market Analysis and Forecast
21.Global Microfluidics Market: Competitive Landscape
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