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Microfluidics Market for Healthcare Application by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71341
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The microfluidics market share for healthcare application is expected to increase by USD 43.27 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 19.81%.

This microfluidics market research report for healthcare application provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (in-vitro diagnostics, pharmaceutical research, and drug delivery services) and geography (North America, Europe, APAC, South America, and MEA). The microfluidics market report for healthcare application also offers information on several market vendors, including Agilent Technologies Inc., Bio Rad Laboratories Inc., Biocartis Group NV, BioFluidix GmbH, Danaher Corp., Fluigent SA, General Electric Co., PerkinElmer Inc., QIAGEN NV, and uFluidix Inc. among others.

What will the Microfluidics Market Size for Healthcare Application be in 2021?

Microfluidics Market Size

Download the Free Report Sample to Unlock the Microfluidics Market Size for Healthcare Application for 2021 and Other Important Statistics

 

Microfluidics Market for Healthcare Application: Key Drivers and Trends

The compact size of microfluidic devices is notably driving the microfluidics market growth, although factors such as changes in properties of fluids at a microscopic level may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the microfluidic industry for healthcare application. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The compact size of microfluidic devices will fuel the growth of the microfluidic market size for healthcare applications.
  • Microfluidic devices are compact and use smaller volumes of reagents, which results in reduced costs and less medical waste.
  • These devices have a larger surface-to-volume ratio, along with low thermal mass, which facilitates precision in temperature control, rapid heat transfer, and quick adjustment to temperature changes.
  • The small size of microfluidic devices ensures quick diffusion of liquids, thereby improving the accuracy and speed of the reactions. This improves the performance of microfluidic assays, reduces the measurement time, and increases the sensitivity of the assays. 
  • The growth in lifestyle diseases will drive the microfluidic market growth for healthcare application during the forecast period.
  • The growing incidence of lifestyle-related diseases such as diabetes is having an adverse impact on life expectancy on a global scale. 
  • Lifestyle-related diseases are associated mainly with the excessive use of tobacco, harmful use of alcohol, and poor diet.
  • Microfluidic chips are being used to diagnose these diseases by enabling rapid testing and identification.
  • With further changes in lifestyle, there will be an increase in lifestyle-related diseases, leading to greater use and adoption of microfluidic devices and chips. 

This microfluidic market analysis report for healthcare application also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Microfluidic Market Vendors for Healthcare Application?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Agilent Technologies Inc.
  • Bio Rad Laboratories Inc.
  • Biocartis Group NV
  • BioFluidix GmbH
  • Danaher Corp.
  • Fluigent SA
  • General Electric Co.
  • PerkinElmer Inc.
  • QIAGEN NV
  • uFluidix Inc.

 

This statistical study of the microfluidics market for healthcare application encompasses successful business strategies deployed by the key vendors. The microfluidics market is fragmented and the vendors are deploying growth strategies such as practicing efficient production techniques to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The microfluidics market forecast report for healthcare application offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Microfluidics Market for Healthcare Application?

Microfluidics Market Market segmentation by region

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44% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for microfluidic for healthcare application in North America. Market growth in North America will be faster than the growth of the market in other regions.

The presence of several medical device manufacturers will facilitate the microfluidics market growth for healthcare application in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Microfluidic Market for Healthcare Application?

Microfluidics Market Segmentation

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The microfluidic market share growth for healthcare applications by the in-vitro diagnostics segment will be significant during the forecast period. In-vitro diagnostics form a major part of microfluidic applications in the healthcare sector. The scope of microfluidics in diagnosis is significant because microfluidic diagnostic kits considerably use compact integrated systems for a quick turnaround, thereby rendering instant results and reducing costs.

This report provides an accurate prediction of the contribution of all the segments to the growth of the microfluidics market and actionable market insights on post COVID-19 impact on each segment.

 

Microfluidic Market Scope for Healthcare Application

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 19.81%

Market growth 2021-2025

$ 43.27 billion

Market structure

Fragmented

YoY growth (%)

14.44

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 44%

Key consumer countries

US, Canada, China, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Agilent Technologies Inc., Bio Rad Laboratories Inc., Biocartis Group NV, BioFluidix GmbH, Danaher Corp., Fluigent SA, General Electric Co., PerkinElmer Inc., QIAGEN NV, and uFluidix Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

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What are the Key Factors Covered in this Microfluidic Market Report for Healthcare Application?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive microfluidic market growth for healthcare application during the next five years
  • Precise estimation of the microfluidic market size for healthcare application and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the microfluidics industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of microfluidics market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • In-vitro diagnostics - Market size and forecast 2020-2025
  • Pharmaceutical research - Market size and forecast 2020-2025
  • Drug delivery services - Market size and forecast 2020-2025
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Agilent Technologies Inc.
  • Bio Rad Laboratories Inc.
  • Biocartis Group NV
  • BioFluidix GmbH
  • Danaher Corp.
  • Fluigent SA
  • General Electric Co.
  • PerkinElmer Inc.
  • QIAGEN NV
  • uFluidix Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Microfluidic Market for Healthcare Application market growth will increase by $43266.47 million during 2020-2025.
The microfluidic market for healthcare application market is expected to grow at a CAGR of 19.81% during 2020-2025.
Technavio has segmented the microfluidic market for healthcare application market by application (In-vitro diagnostics, Pharmaceutical research, and Drug delivery services) and geographic (North America, Europe, APAC, South America, and MEA).
Agilent Technologies Inc., Bio Rad Laboratories Inc., Biocartis Group NV, BioFluidix GmbH, Danaher Corp., Fluigent SA, General Electric Co., PerkinElmer Inc., QIAGEN NV, uFluidix Inc. are a few of the key vendors in the microfluidic market for healthcare application market.
North America will register the highest growth rate of 43.60% among the other regions. Therefore, the microfluidic market for healthcare application market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the microfluidic market for healthcare application market growth are:
  • Compact size of microfluidic devices
The microfluidic market for healthcare application market vendors should focus on grabbing business opportunities from the in-vitro diagnostics segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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