Microfluidic Devices Market Is Expected to Rise Significantly; Acquisitions and Mergers Between Key Companies Will Enable Growth

Microfluidic Devices Market Will Benefit from Technological Advancements in Microfluidic Devices

Technological advancements in microfluidic devices are driving the global microfluidic devices market, says Fortune Business Insights in a report, titled “Microfluidic Devices Market Size, Share and Global Trend By Component (Chips, Pumps, Needles), By Material (Silicon, Glass, Polymers, Others), By Application (Molecular & Cell Biology, Drug Delivery, Diagnostics, Lab on a Chip, Others), By End User (Research Laboratories & Academic Institutes, Pharmaceutical & Life Science Companies, Others) and Geography Forecast till 2026.” Increasing usage of microfluidic devices in biological and biomedical applications is expected to contribute positively to the global microfluidic devices market.

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By Component

  • Chips
  • Pumps
  • Needles

By Material

  • Silicon
  • Glass
  • Polymers
  • Others

By Application

  • Molecular & Cell Biology
  • Drug Delivery
  • Diagnostics
  • Lab on a Chip
  • Others

By End User

  • Research Laboratories & Academic Institutes
  • Pharmaceutical & Life Science Companies
  • Others

By Geography

  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

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Rising Technological Advancement in Microfluidic Devices Will Enable Growth

Increasing usage of microfluidic devices in biological and biomedical applications is a key factor expected to drive the global microfluidic devices market. Rising technological advancements in microfluid is expected to boost the microfluidic devices market revenue. increasing usage of microfluidic devices in drug delivery and research will also enable growth of the global microfluidic devices market. The use of microfluidic devices in genomics and gene studies is also likely to uplift the global microfluidic devices market shares. Furthermore, the partnership between key companies is also predicted to aid global microfluidic devices market growth. For instance, Illumina partnered with 10X Genomics for the co-marketing of sequencing products of Illumina and microfluidics-based long read solution of 10X Genomics. The acquisition between key companies for development of advanced microfluidic devices is predicted to encourage global microfluidic devices market growth.

Key players leading the global surgical robots market include

  • Fluigent,
  • Agilent Technologies, Inc.,
  • Fluidigm, Cepheid,
  • Abbott,
  • Hoffmann-La Roche Ltd.,
  • BD
  • Siemens Healthineers

Some of the major companies that are present in the global microfluidic devices market are Fluigent, Agilent Technologies, Inc., Fluidigm, Cepheid, Abbott, F. Hoffmann-La Roche Ltd., BD, and Siemens Healthineers.

Increasing Prevalence of Acute and Chronic Diseases Will Boost Growth in North America

Geographically, the global microfluidic devices market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is predicted to dominate the global microfluidic devices market owing to the increasing prevalence of acute and chronic diseases. The access to advanced microfluidic devices along with the increasing investment in research & development is expected to boost the global microfluidic devices market growth in North America.

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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