Microfluidics: Technologies and Global Markets
Report Highlights
The global market for microfluidic technologies reached $6.8 billion in 2017 and should reach nearly $13.9 billion by 2022, at a compound annual growth rate (CAGR) of 15.3% for the period of 2017-2022.
Report includes:
- 24 tables
- An overview of the global market for microfluidic technologies
- Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022
- A thorough evaluation of the technical and business environments surrounding the emerging microfluidic systems market
- Examination of the current and potential applications of the technologies and an assessment of their importance in the context of emerging market paradigms
- The trends that will shape the future of microfluidic technologies and markets, and their impacts
- A patent analysis for new and emerging technologies
- Comprehensive company profiles of major Players in the Market including Abbott Laboratories, Advion Inc., Agilent Technologies Inc., Bio-Rad Laboratories, Hp Inc., Issys, Microfluidic Systems Inc., And Thermo Fisher Scientific
Report Scope
This report addresses the global market for microfluidics devices and applications, from 2016 (base year) through 2022. Microfluidic devices are defined, in general terms, as devices that handle very small (e.g., micro- or nanoliter) volumes of fluids.
The study includes the following major elements:
- Executive summary.
- Definitions.
- Microfluidic components and systems.
- Microfluidic fabrication technologies.
- Major end-user markets and applications.
- Global microfluidic market trends from 2016 through 20227.
- Industry structure, market shares and ownership trends.
- Factors that will influence the long-term development of microfluidic technologies.
Analyst Credentials
Andrew McWilliams spent more than 25 years as a consultant with Ernst & Young, McKinsey & Company and A.T. Kearny focused on manufacturing before segueing into research analysis. He has been covering myriad technology categories for BCC Research for more than 15 years. McWilliams has a BA from Princeton University and an MA from Harvard University. He has worked in more than 40 countries and he resides in the greater Boston area.
Report Highlights
The market for microfluidics technologies was valued at nearly $5.1 billion in 2011 and $5.6 billion in 2012. Total market value is expected to reach nearly $10.3 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 13%.
Report Includes
- An overview for the global market for microfluidic technologies, which deal with the movement of small amounts of fluids
- Analyses of global market trends, with data from 2011 and 2012, and projections of compound annual growth rates (CAGRs) through 2017
- A thorough evaluation of the technical and business environment surrounding the emerging microfluidic systems market
- Examination of the current and potential applications of the technologies and an assessment of their importance in the context of emerging market paradigms
- The trends that will shape the future of microfluidic technologies and markets, and their impact
- A patent analysis for new and emerging technologies
- Comprehensive company profiles of major players in the industry.
Report Highlights
-
The global market for microfluidic technologies was worth an estimated $2.9 billion in 2005. This figure should grow to $3.2 billion in 2006 and $6.2 billion by 2011, i.e., an average annual growth rate (AAGR) of 14.1% over the next five years.
-
Inkjet printing is by far the largest application of microfluidics, accounting for nearly three-quarters of the total market. Despite its size, inkjet printing is the slowest-growing application segment with a projected AAGR of under 8%, and by 2011 is expected to account for slightly over half of the market.
-
Smaller application segments, particularly chemical analysis and synthesis and proteomics are growing at a slower pace than healthcare-related applications. The market for defense and public safety applications should remain small throughout the forecast period.
Report Highlights
-
The worldwide market for microfluidic-based systems and devices is expected to climb at an average annual growth rate (AAGR) of 15.5% to nearly $2 billion in 2008, from $950 million in 2003.
-
New developments in fluidics, microelectronics and detection systems have enabled microfluidics to move from theory to commercial reality in only a few years.
-
The major impact of such systems and devices is likely to be in the $10 billion analytical laboratory instrumentation market.
-
With the high cost of drug development and the pressure to reduce the development cycle time, high throughput screening and lab-on-a-chip have garnered the most attention. Hence, 37% of the total current revenue comes from these areas.