Microfluidic Components Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Product (Valves (Solenoid Valves, Flow Control Valves, Check Valves, Shuttle Valves, Pressure Relief Valves, Proportional Valves, Other Valves), Flow and Pressure Controllers, Flow and Pressure Sensors, Micropumps, Nozzles, Microneedles, Others), By Industry (Oil & Gas, Healthcare, Aerospace & Defense, Consumer Electronics, Automotive, Other Industries), By Region and Competition

  • Industry : Healthcare
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 5.40  Billion

CAGR (2023-2028)

9.29%

Fastest Growing Segment

Solenoid Valves

Largest Market

North America

Market Overview

Global Microfluidic Components Market has valued at USD 5.40 Billion in 2022 and is anticipated to project steady growth in the forecast period with a CAGR of 9.29% through 2028. The global microfluidic components market has been experiencing remarkable growth in recent years, driven by advancements in healthcare, life sciences, and analytical testing industries. Microfluidics, the science and technology of manipulating small amounts of fluids, has paved the way for innovative solutions in various fields. Microfluidic components refer to the essential building blocks of microfluidic devices, which are designed to handle small volumes of fluids at the microscale level. These components include microfluidic chips, pumps, valves, connectors, sensors, and other accessories. The applications of microfluidic components span across diverse industries, including healthcare, pharmaceuticals, biotechnology, and diagnostics.

The demand for miniaturized and automated systems in laboratories and point-of-care settings is a major driver for the microfluidic components market. Miniaturization allows for cost-effective and efficient handling of small sample volumes, reducing reagent consumption and improving overall workflow. Microfluidic components play a crucial role in various biomedical applications, such as cell analysis, DNA sequencing, and point-of-care diagnostics. The ability to perform complex biological and chemical analyses on a small scale has led to advancements in personalized medicine and rapid disease detection. Increased funding for research and development activities, particularly in the life sciences and healthcare sectors, has fueled the development of new microfluidic technologies. This has resulted in the creation of innovative products and solutions, driving market growth. The need for rapid and on-site diagnostics has surged, leading to an increased demand for microfluidic components in point-of-care testing devices. These devices offer real-time results, enabling timely medical interventions and improving patient outcomes.

Key Market Drivers

Rising Demand for Point-of-Care Diagnostics are Driving the Global Microfluidic Components Market

In recent years, the field of healthcare has witnessed a transformative shift towards personalized and on-the-spot diagnostics, leading to a significant surge in the demand for point-of-care (POC) diagnostics. This paradigm shift is driving the global microfluidic components market, as microfluidic technology plays a pivotal role in enabling precise and rapid diagnostic processes. The integration of microfluidics in diagnostic devices has not only enhanced the speed and accuracy of testing but has also opened up new possibilities for portable and user-friendly healthcare solutions. Point-of-care diagnostics refer to medical tests conducted near the patient, often at the bedside or in a clinical setting, providing rapid results without the need for centralized laboratory facilities.

POC diagnostics enable healthcare providers to make swift and informed decisions, leading to timely patient care and treatment. Rapid diagnostic results are crucial in emergency situations and can significantly impact patient outcomes. Traditional laboratory-based tests may have longer turnaround times, leading to delays in diagnosis and treatment. POC diagnostics, powered by microfluidic components, offer quick results, allowing for immediate intervention and personalized patient care. POC diagnostics enhance accessibility to healthcare, particularly in resource-limited or remote areas where access to centralized laboratories is challenging. Portable and handheld devices equipped with microfluidic components bring diagnostics closer to the patient. The ease of use and quick results provided by microfluidic POC devices facilitate more frequent and convenient preventive screenings. This can aid in the early detection of diseases, leading to better management and improved health outcomes.

Growing Adoption in Environmental Monitoring is Driving the Global Microfluidic Components Market

The global microfluidic components market is experiencing a significant surge in demand, propelled by the growing adoption of microfluidic technology in environmental monitoring applications. Microfluidics involves the manipulation of small volumes of fluids on a microscale, enabling precise control and analysis of various chemical and biological processes. This technology has found extensive applications in environmental monitoring, contributing to the burgeoning market for microfluidic components. The 21st century has witnessed an unprecedented increase in environmental challenges, including climate change, pollution, and depletion of natural resources. Governments, industries, and research institutions worldwide are increasingly recognizing the importance of monitoring and managing environmental parameters to mitigate the impact of these challenges. Microfluidic technology has emerged as a powerful tool for achieving accurate and real-time environmental monitoring.

Microfluidic components enable the miniaturization of analytical devices, making them portable and suitable for on-site environmental monitoring. This is particularly advantageous in remote or challenging terrains where traditional monitoring methods may be impractical. Microfluidic devices offer high precision and sensitivity in the analysis of environmental samples. The ability to handle small volumes of samples allows for more efficient detection of contaminants, pollutants, and other critical parameters. Microfluidic platforms support multiplexing, allowing simultaneous analysis of multiple parameters in a single device. This capability is invaluable in comprehensive environmental monitoring, where various factors need to be assessed concurrently. Microfluidic systems consume significantly lower amounts of reagents compared to traditional methods. This not only contributes to cost savings but also aligns with sustainable practices by minimizing chemical waste. Microfluidic devices facilitate rapid analysis, enabling real-time monitoring of environmental conditions. This is crucial for timely intervention and decision-making in response to environmental changes or incidents.


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Key Market Challenges

Costs and Scalability

One of the primary challenges facing the microfluidic components market is the associated costs. The intricate fabrication processes and the use of specialized materials contribute significantly to the overall expense of manufacturing these components. Microfabrication techniques, such as photolithography and soft lithography, require precision and expertise, leading to increased production costs. Furthermore, the demand for biocompatible materials in microfluidic devices, especially in applications related to healthcare and diagnostics, adds another layer of complexity. These materials must adhere to stringent quality standards, which can escalate manufacturing costs. As a result, companies operating in the microfluidic components market face the dilemma of balancing quality with cost-effectiveness.

Scalability is another critical issue affecting the global microfluidic components market. While microfluidic technologies excel in small-scale applications, translating these innovations into large-scale production remains a formidable task. The challenges in scaling up production processes include maintaining consistent quality, optimizing manufacturing efficiency, and ensuring cost-effectiveness. The intricacies of microfabrication, which are manageable at a smaller scale, become more complex when attempting to achieve mass production. Additionally, the transition from laboratory prototypes to commercial-scale manufacturing often requires substantial investments in equipment and infrastructure, posing a barrier to entry for some companies.

Key Market Trends 

Technological Advancements

In the ever-evolving landscape of technology, one sector that has experienced significant growth is the microfluidic components market. Microfluidics, a field that involves the manipulation of small amounts of fluids, has gained momentum due to its diverse applications in various industries. The continuous influx of technological advancements has been a key driving force behind the expansion of the global microfluidic components market. One of the groundbreaking technological advancements in the microfluidics domain is the development of lab-on-a-chip (LOC) devices. These miniature systems integrate multiple laboratory functions onto a single chip, allowing for precise and efficient analysis of small fluid samples. This innovation has revolutionized diagnostics, making it possible to conduct complex tests with minimal sample volumes. The integration of 3D printing technology has opened new avenues for designing and manufacturing microfluidic devices. This method allows for the creation of intricate and customized structures that were previously challenging to achieve. The flexibility and cost-effectiveness of 3D printing have contributed to the growth of microfluidic components by simplifying the prototyping and production processes. Advancements in sensor technologies have led to the development of smart microfluidic devices equipped with sensors and actuators. These devices can provide real-time data, enabling precise control over fluid manipulation. This has found applications in fields such as point-of-care diagnostics, environmental monitoring, and drug delivery systems.

The healthcare and life sciences sector has witnessed a profound impact from technological advancements in microfluidics. Miniaturized diagnostic tools, portable healthcare devices, and advancements in drug delivery systems have improved patient care and treatment outcomes. Biotechnological research has been accelerated by the integration of microfluidic components. The ability to conduct high-throughput screenings, analyze single cells, and perform DNA sequencing on a small scale has significantly enhanced the efficiency of biotechnology workflows. The development of portable and user-friendly microfluidic devices has paved the way for point-of-care diagnostics. These devices enable rapid and on-site testing, reducing the need for centralized laboratories and facilitating timely decision-making in healthcare settings.

Segmental Insights

Product Insights

Based on the category of Product, Valves emerged as the dominant player in the global market for Microfluidic Components in 2022. Valves in microfluidic systems enable precise control over the flow of fluids, allowing researchers and professionals to manipulate samples with unparalleled accuracy. This level of control is essential in applications such as analytical chemistry, where minute variations can significantly impact results. The valve segment has seen a surge in demand due to the increasing trend of automation in various industries. Automated microfluidic systems with integrated valves streamline processes, reduce human error, and enhance overall efficiency. This is particularly valuable in high-throughput screening in drug discovery and diagnostic applications. Microfluidic valves find applications across a wide range of industries, including healthcare, life sciences, environmental monitoring, and electronics. As the technology continues to advance, the versatility of microfluidic valves makes them indispensable in developing innovative solutions for various challenges.

Industry Insights

The Healthcare segment is projected to experience rapid growth during the forecast period. The healthcare industry has been quick to recognize and adopt microfluidic components for a range of applications, from diagnostics to drug delivery. The ability of microfluidics to handle small volumes of fluids with high precision makes it particularly suited for medical applications where accuracy is paramount. As a result, the healthcare segment has become the dominant force propelling the growth of the global microfluidic components market.


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Regional Insights

North America emerged as the dominant player in the global Microfluidic Components market in 2022, holding the largest market share in terms of value. North America boasts a robust technological infrastructure and a thriving ecosystem of research and development. This environment has given rise to cutting-edge advancements in microfluidic technologies, with a focus on enhancing precision, efficiency, and scalability. The region's commitment to innovation has positioned it at the forefront of the global microfluidic components market. The region's dedication to fostering innovation is reflected in substantial investments in research and development. Governments, private enterprises, and academic institutions collaborate to fund projects that push the boundaries of microfluidic applications. This strategic investment has not only accelerated the pace of technological advancements but has also fueled the growth of the microfluidic components market in North America.

Recent Developments

  • In 2018, Parker Aerospace, a division of Parker Hannifin Corporation, inaugurated its second worldwide Customer Response Center (CRC) in Singapore. The objective was to offer enhanced local perspectives and expedite the resolution of issues.

Key Market Players

  • Parker Hannifin Corporation
  • IDEX Corporation
  • Fluigent SA
  • Staiger GmbH & Co. KG
  • SMC Corporation
  • Camozzi Automation Spa Società Unipersonale
  • Aignep s.p.a.
  • FIM Valvole Srl
  • Humphrey Products Corporation
  • Dolomite Microfluidics
  • Cellix Ltd.
  • Christian Bürkert GmbH & Co. KG

By Product

By Industry

By Region
  • Valves
  • Flow and Pressure Controllers
  • Flow and Pressure Sensors
  • Micropumps
  • Nozzles
  • Microneedles
  • Others
  • Oil & Gas
  • Healthcare
  • Aerospace & Defense
  • Consumer Electronics, Automotive
  • Other Industries
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Microfluidic Components Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Microfluidic Components Market, By Product:

o   Flow and Pressure Controllers

o   Flow and Pressure Sensors

o   Micropumps

o   Nozzles

o   Microneedles

o   Others

  • Microfluidic Components Market, By Industry:

o   Oil & Gas

o   Healthcare

o   Aerospace & Defense

o   Consumer Electronics, Automotive

o   Other Industries

  • Microfluidic Components Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Microfluidic Components Market.

Available Customizations:

Global Microfluidic Components market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Microfluidic Components Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Global Microfluidic Components Market Outlook

4.1.  Market Size & Forecast

4.1.1.    By Value

4.2.  Market Share & Forecast

4.2.1.    By Product (Valves (Solenoid Valves, Flow Control Valves, Check Valves, Shuttle Valves, Pressure Relief Valves, Proportional Valves, Other Valves), Flow and Pressure Controllers, Flow and Pressure Sensors, Micropumps, Nozzles, Microneedles, Others)

4.2.2.    By Industry (Oil & Gas, Healthcare, Aerospace & Defense, Consumer Electronics, Automotive, Other Industries)

4.2.3.    By Region

4.2.4.    By Company (2022)

4.3.  Market Map

4.3.1.    By Product

4.3.2.    By Industry

4.3.3.    By Region

5.    Asia Pacific Microfluidic Components Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Product

5.2.2.    By Industry

5.2.3.    By Country

5.3.  Asia Pacific: Country Analysis

5.3.1.    China Microfluidic Components Market Outlook

5.3.1.1.        Market Size & Forecast

5.3.1.1.1.           By Value

5.3.1.2.        Market Share & Forecast

5.3.1.2.1.           By Product

5.3.1.2.2.           By Industry

5.3.2.    India Microfluidic Components Market Outlook

5.3.2.1.        Market Size & Forecast

5.3.2.1.1.           By Value

5.3.2.2.        Market Share & Forecast

5.3.2.2.1.           By Product

5.3.2.2.2.           By Industry

5.3.3.    Australia Microfluidic Components Market Outlook

5.3.3.1.        Market Size & Forecast

5.3.3.1.1.           By Value

5.3.3.2.        Market Share & Forecast

5.3.3.2.1.           By Product

5.3.3.2.2.           By Industry

5.3.4.    Japan Microfluidic Components Market Outlook

5.3.4.1.        Market Size & Forecast

5.3.4.1.1.           By Value

5.3.4.2.        Market Share & Forecast

5.3.4.2.1.           By Product

5.3.4.2.2.           By Industry

5.3.5.    South Korea Microfluidic Components Market Outlook

5.3.5.1.        Market Size & Forecast

5.3.5.1.1.           By Value

5.3.5.2.        Market Share & Forecast

5.3.5.2.1.           By Product

5.3.5.2.2.           By Industry

6.    Europe Microfluidic Components Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product

6.2.2.    By Industry

6.2.3.    By Country

6.3.  Europe: Country Analysis

6.3.1.    France Microfluidic Components Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Product

6.3.1.2.2.           By Industry

6.3.2.    Germany Microfluidic Components Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Product

6.3.2.2.2.           By Industry

6.3.3.    Spain Microfluidic Components Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Product

6.3.3.2.2.           By Industry

6.3.4.    Italy Microfluidic Components Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Product

6.3.4.2.2.           By Industry

6.3.5.    United Kingdom Microfluidic Components Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Product

6.3.5.2.2.           By Industry

7.    North America Microfluidic Components Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product

7.2.2.    By Industry

7.2.3.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Microfluidic Components Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Product

7.3.1.2.2.           By Industry

7.3.2.    Mexico Microfluidic Components Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Product

7.3.2.2.2.           By Industry

7.3.3.    Canada Microfluidic Components Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Product

7.3.3.2.2.           By Industry

8.    South America Microfluidic Components Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product

8.2.2.    By Industry

8.2.3.    By Country

8.3.  South America: Country Analysis

8.3.1.    Brazil Microfluidic Components Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Product

8.3.1.2.2.           By Industry

8.3.2.    Argentina Microfluidic Components Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Product

8.3.2.2.2.           By Industry

8.3.3.    Colombia Microfluidic Components Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Product

8.3.3.2.2.           By Industry

9.    Middle East and Africa Microfluidic Components Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product

9.2.2.    By Industry

9.2.3.    By Country

9.3.  MEA: Country Analysis

9.3.1.    South Africa Microfluidic Components Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Product

9.3.1.2.2.           By Industry

9.3.2.    Saudi Arabia Microfluidic Components Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Product

9.3.2.2.2.           By Industry

9.3.3.    UAE Microfluidic Components Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Product

9.3.3.2.2.           By Industry

9.3.4.    Egypt Microfluidic Components Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Product

9.3.4.2.2.           By Industry

10. Market Dynamics

10.1.             Drivers

10.2.             Challenges

11. Market Trends & Developments

11.1.             Recent Developments

11.2.             Product Launches

11.3.             Mergers & Acquisitions

12. Global Microfluidic Components Market: SWOT Analysis

13. Porter’s Five Forces Analysis

13.1.             Competition in the Industry

13.2.             Potential of New Entrants

13.3.             Power of Suppliers

13.4.             Power of Customers

13.5.             Threat of Substitute Product 

14. Competitive Landscape

14.1.   Parker Hannifin Corporation

14.1.1.          Company Snapshot

14.1.2.          Product & Services

14.1.3.          Current Capacity Analysis

14.1.4.          Financials (In case of listed)

14.1.5.          Recent Developments

14.1.6.          SWOT Analysis

14.2.   IDEX Corporation

14.3.   Fluigent SA

14.4.   Staiger GmbH & Co. KG

14.5.   SMC Corporation

14.6.   Camozzi Automation Spa Società Unipersonale

14.7.   Aignep s.p.a.

14.8.   FIM Valvole Srl

14.9.   Humphrey Products Corporation

14.10.Dolomite Microfluidics

14.11.Cellix Ltd.

14.12.Christian Bürkert GmbH & Co. KG

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Microfluidic Components Market was estimated to be USD 5.40 Billion in 2022.

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The Global Microfluidic Components Market was analyzed for the historical period of 2018 to 2021. While the base year was 2022, estimation for the year 2023 was calculated and the market growth was further forecast for 2024 to 2028.

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Parker Hannifin Corporation, IDEX Corporation, Fluigent SA, Staiger GmbH & Co. KG, SMC Corporation, Camozzi Automation Spa Società Unipersonale, Aignep s.p.a., FIM Valvole Srl, Humphrey Products Corporation, Dolomite Microfluidics, Cellix Ltd., Christian Bürkert GmbH & Co. KG are the top players operating in the Global Microfluidic Components Market in 2022.

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Rising demand for point-of-care diagnostics and growing adoption in environmental monitoring are the major drivers for the Global Microfluidic Components Market.

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Sakshi Bajaal

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Press Release

Microfluidic Components Market to Grow with a CAGR of 9.29% through 2028

Nov, 2023

Rising demand for point-of-care diagnostics and growing adoption in environmental monitoring are factors driving the Global Microfluidic Components Market in the forecast period 2024-2028.

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