Global microfluidic components market
DUBLIN, Feb. 19, 2024 (Globe Newswire) — The “Microfluidic Components Market – Global Industry Size, Share, Trends, Opportunities, and Forecast, 2018-2028” report has been added. ResearchAndMarkets.com Recruitment.
The global landscape of microfluidic components is undergoing a wave of innovation and growth, particularly in the healthcare sector and environmental monitoring applications. New research reveals that this market, valued at USD 5.4 billion in 2022, is poised to make steady progress, with an impressive compound annual growth rate of 9.29% over the forecast period to 2028 ( CAGR) is predicted.
Growing demand for point-of-care diagnostics
Healthcare providers are increasingly turning to point-of-care diagnostics to provide timely testing and treatment. Driven by this demand, the market for microfluidic components essential to these diagnostic solutions is mushrooming. Innovations in small devices give healthcare professionals the flexibility to perform critical diagnostic procedures at or near the patient's location, while providing personalized care.
Technological advances pave the way
Technological advancements such as lab-on-a-chip devices and advanced sensor technologies have been catalysts driving the growth of the microfluidic components market. These advances streamline complex testing, creating portable, cost-effective solutions that enhance patient care and advance biomedical and biotechnology research.
Insights about product categories
Valves have emerged as the most important components within the microfluidic industry due to their critical functionality in ensuring precise fluid flow control. This development is further facilitated by trends in laboratory automation that are pushing the boundaries of diagnostic applications and drug discovery, highlighting the importance of test automation across a variety of fields.
Industry growth forecast
The healthcare sector in particular stands out as the fastest growing segment of the microfluidic components market. As medical applications continue to exploit the benefits of microfluidics, this sector is growing by incorporating these components into an array of medically relevant functions, highlighting their importance in modern medical practice.
Regional market dynamics
North America is a leader in the global microfluidic components space, supported by a strong foundation in technological advancement and research and development infrastructure. Significant investments and extensive cross-sector collaboration have made the region a pioneer in the adoption and advancement of microfluidic technology.
competitive environment
This market is characterized by a dynamic and innovative environment, with leading companies making significant advances in the development and application of microfluidic components. These industry players are continually exploring new avenues to refine and enhance critical elements of the modern technology ecosystem.
In summary, this report outlines the extensive growth and opportunities that exist in the Microfluidic Components market. Thorough analysis and insights pave the way for stakeholders to understand the prevailing trends and potential trajectories of this vibrant market space.
Key attributes:
|
report attributes |
detail |
|
number of pages |
172 |
|
Forecast period |
2022-2028 |
|
Estimated market value in 2022 (USD) |
$5.4 billion |
|
Projected market value to 2028 (USD) |
$9.1 billion |
|
compound annual growth rate |
9.2% |
|
Target area |
global |
Report scope:
In this report, the global Microfluidic Components market is segmented into following categories:
Microfluidic Components Market, By Product:
Microfluidic Components Market, By Industry:
Introduced companies
-
Parker Hannifin Corporation
-
IDEX Co., Ltd.
-
Flugent SA
-
Staiger GmbH & Co. KG
-
SMC Co., Ltd.
-
Camozzi Automation Spa Società Unipersonale
-
Aignep Spa
-
FIM Valbore Srl
-
Humphrey Products Corporation
-
dolomite microfluidics
-
Selix Co., Ltd.
-
Christian Bürkert GmbH & Co. KG
For more information on this report, please visit https://www.researchandmarkets.com/r/1gojuh.
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.
attachment
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
