Global Market Study on Microfluidic Devices: North America to Lead Market Expansion through 2031

Report Highlights

Microfluidic Devices Market: Report Scope

Microfluidics is an evolving scientific field with numerous analytical applications and commercial potential. Microfluidics is an enabling technology for integration, industrialization, miniaturization and parallelization of tests in diagnostics, drug development and biological research.

Microfluidic devices have several applications in the field of medicine, cell biology research and protein crystallization. It also has many applications in other areas such as drug screening, sugar testers, chemical micro reactor, microprocessor cooling and micro fuel cells.

North America dominates the global microfluidic devices market. Rising aging population, increasing health awareness, rising chronic and lifestyle diseases, technological developments for various home use applications, and proper insurance coverage are driving the use of microfluidic devices in the market.

Similarly, in Europe, the microfluidic devices market is driven by rising diagnostic requirements due to increasing lifestyle associated diseases, aging population and improving healthcare infrastructure. Asia is becoming one of the most attractive markets for medical device companies. The growth for microfluidic devices is much faster than developed countries due to widening health insurance penetration and up-gradation of health care systems.

Rising demand for point of care testing, miniaturization of chip, and increasing demand for microfluidic devices in genomics and proteomics are the key growth drivers for the microfluidic devices market. New trends in healthcare, such as healthcare at home supports point of care testing (POCT) as the most efficient and effective delivery of healthcare.

Miniaturization reduces the cost for screening compounds in pharmaceutical companies for cell biology problems. On the other hand, strict regulatory requirements are a major concern for the industry. Safety, performance and consistent quality of medical devices are a necessity for public health. Thus, it leads to strict and complex regulations and standards for global affiliation of medical devices.

Different materials such as glass, silicon, polymer metal and ceramics, are used to manufacture microfluidic devices. Change in material mix would provide opportunity for new market entrants, which would further drive the growth of the microfluidic devices market.

Research and commercialization emphasis has shifted to micro devices made entirely from polymeric material. However, major challenges faced by the microfluidic devices industry are the geometrical and surface chemistry issues during manufacturing of a device. In complex microfluidic devices, geometrical and surface chemistry issues combine and lead to design and manufacturing difficulties