Forecast On Microfluidics Market: Global Industry Analysis and Trends till 2025 by Future Market Insights

Global Microfluidics
Market
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2015
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Microfluidics is a technology that deals with the study of flow of liquids through
microscopic channels. It is characterized by control and manipulation of fluids at submillimeter scale. It involves design, manufacture and formulation of devices and
processes dealing with extremely low volume of fluids.Microfluidics field provides
improved control on laboratory handling, analytical techniques and processing.
Microfluidics is also referred as lab-on-chip or micrototal analysis assisting in biological
and chemical analysis. Currently, microfluidic devices are known to have a wide range of
applications apart from pharmaceuticals and life sciences namely, printing, pneumatics,
chemical process engineering and power systems. Thus the advantages of adopting
microfluidic technologies depend on the various applications for which they are used. For
instance, the significance of microfluidic devices in point-of-care applications depends on
the low-cost disposables, associated small volume of necessary reagents and sample, and
high sensitivity. On the contrary, the advantages for pharmaceutical research applications
are to allow process automation and multiplexed assays.
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Advancements in proteomics and genomics field are expected to boost the growth of the
global microfluidics market.Other factors driving the growth of this market include
acceleration in the fields of drug delivery, biosensing, drug screening, single cell or
molecule analysis and point-of-care diagnostics. The miniaturization of bioanalytical
techniques offers considerable advantages such as reduction of the equipment size and
parallel operation for multiple analysis, also making the equipment less expensive.
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Moreover, microfluidics helps in converting entire bench top laboratory protocols into a
single chip. Biotechnological advancement and growing maturity of the technology is
further expected to drive the growth of the global microfluidics market. Microfluidics
technology itself acts as an exclusive market driverdue to no availability of conventional
substitute.Microfluidic devices significantly reduce the sample volume and carry out the
reaction, detection and separation quickly. Microfluidic devices have been implemented
in variety of biological applications that includes DNA sequencing, PCR amplification,
immunoassays, amino acid and protein analysis, and other areas.
The global microfluidics market can be segmented based on material type, end use
application and geography. Material type segment has been further sub divided into
various materials such as polymer, glass, silicone and others. End use applications include
pharmaceuticals (accurate dispensing devices microfluidic chips for lab analytics, microreactors), in vitro diagnostics (point of care testing and clinical diagnostics), and drug
delivery devices (inhaler nozzles, micro-pumps, micro-needles). Development of microneedle arrays due to advancements in microfluidics has greatly expanded the use of
number of drugs in transdermal drug delivery. Transdermal delivery of macromolecules,
favoring the growth of the active pharmaceutical ingredients (API) market, pain free drug
delivery, low risk of infection and controlled drug release are various factors known to
increase the demand for the micro-needles and hence propel the growth of the global
microfluidics market.
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The chemical and life sciences sectors are engaged in developing a wide range of
analytical and diagnostic applications which demands that microfluidics be incorporated.
It has become one of the most dynamic fields in micro and nanotechnology. Moreover,
microfluidics is adding functionality to many of the micro-electro-mechanical system
(MEMS) devices. The technology facilitates chemical and biological reactions and analysis
using typically sample volumes in nanoliters. The major players contributing to the
microfluidic devices marketand witnessing a significant competition are Abbott
Laboratories, Inc., Agilent Technologies, Inc., Biofluidix GmbH, Cepheid, Inc., Fluidigm
Corp., Dolomite Center Ltd., Perkinelmer, Inc., RainDance Technologies, Inc., Roche
Diagnostics Limited, Siemens Healthcare and other significant manufacturers.
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Microfluidics is a technology that deals with the study of flow of liquids through microscopic channels. It is characterized by control and manipulation of fluids at sub-millimeter scale. It involves design, manufacture and formulation of devices and processes dealing with extremely low volume of fluids.Microfluidics field provides improved control on laboratory handling, analytical techniques and processing. Microfluidics is also referred as lab-on-chip or micrototal analysis assisting in biological and chemical analysis.