Microfluidics Market Size, Share, Growth, Trends, and Global Industry Analysis: By Component (Micro Pumps, Micro Needles, Microfluidic Chips, and Others), By Material (Silicon Based, Polymer Based, Glass Based, and Others), By Distribution Channel (Pharmaceuticals, Drug Delivery, and In-vitro Diagnostics), and Region Forecast 2020-2031

Microfluidics Market size was valued at US$ 27,562.42 million in 2023 and is poised to grow at a CAGR of 14.5% from 2024-2030. Microfluidics is the study of both, the behavior of fluids through microchannels and the technology of manufacturing microminiaturized devices containing chambers and tunnels through which fluids flow or are confined. Microfluidics deals with the behavior, precise control, and manipulation of fluid. They deal with very small volumes of fluids, down to femtoliters (fL) which is a quadrillionth of a liter. Increased need for point-of-care testing, a wide range of applications in various industries, benefits associated with microfluidics integration, and a high return on investment are expected to propel the market forward in the projected 2027.

Low-volume sample analysis, high-throughput screening procedures, and growing demand for in vitro diagnostics (IVD) will, on the other hand, boost the number of opportunities that will emerge as the market begins to germinate during the projection period. The market growth is hampered by a lack of market awareness for the goods, as well as expensive prices for integrated systems and microfluidics sensors. This market report covers recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographies, and more.