Microfluidics Market Size, Share, and Trends 2024 to 2034

Microfluidics Market Size and Growth

The global microfluidics market size was USD 23.06 billion in 2023, accounted for USD 26.59 billion in 2024, and is expected to reach around USD 110.40 billion by 2034, expanding at a CAGR of 15.3% from 2024 to 2034.

Microfluidics Market Key Takeaways

• North America led the global market with the highest market share of 43.13% in 2023.
• By Material, the polydimethylsiloxane (PDMS) segment is estimated to hold the highest market share of 34.5% in 2023.
• By Technology, the medical technology segment has held the biggest revenue share of 83% in 2023.
• By Application, the lab-on-a-chip segment had the largest market share of 38% in 2023.

U.S. Microfluidics Market Size and Growth 2024 to 2034

The U.S. microfluidics market size was estimated at USD 6.98 billion in 2023 and is predicted to be worth around USD 35.27 billion by 2034, at a CAGR of 15.9% from 2024 to 2034.

North America emerged as the largest shareholder around 43.13% in the global microfluidics market owing to the presence of well-established market players in the region, introduction of advanced technologies, an increase in the number of studies being opted to improve the samples optimization, and significant demand for POC diagnostics. In addition to this, the active participation of research institutes towards the development of novel microfluidic devices predicted to retain the dominance of the region over the upcoming years.

However, the Asia Pacific encountered to be the fastest growing market because of affordable labor, sophisticated research infrastructure, and adoption of microfluidic platforms. Furthermore, several international players have shown their interest for investing in this untapped market. For instance, in November 2019, Select BIO Microfluidics and Organ-on-a-Chip Asia organized a conference in Japan for addressing some novel technologies in the fields of Lab-on-a-Chip, Organ-on-a-Chip, and Microfluidics.

Microfluidics Market Growth Factors

Increase in demand for point-of-care (POC) devices anticipated to prominently boost the market size in the upcoming years. Significant demand for low-volume sample analysis, demand for In Vitro Diagnostics (IVD), high-throughput screening methodologies, and development of advanced lab-on-a-chip technologies are further expected to propel the market growth of microfluidics over the analysis timeframe. Microfluidics provides a high return on investment along with it also helps in controlling cost by minimizing errors.

Other key factors propelling the market growth for microfluidics include increasing for microfluidics technology & devices in point-of-care diagnostics, rising technological advancements in diagnostic devices, and rising incidence of chronic diseases across the globe. Hence, the above mentioned factors augment the demand for molecular diagnosis and subsequently impact positively towards the market growth of the microfluidics.

Market Scope

Material Insights

The polydimethylsiloxane (PDMS)-based microfluidic chips segment dominated the global microfluidics market in terms of revenue at 34.5% in the year 2023 and is anticipated to register the fastest growth rate over the analysis period. PDMS is a prominently used polymer in fast prototyping microfluidic devices. These are highly used by the academic community owing to their ease of fabrication along with their low cost. On the other hand, these polymers are hydrophobic which makes microchannels hard to operate in aqueous solutions. To combat this issue, new PDMS surface modifications are offered to address challenges due to hydrophobicity.

Besides this, polymer-based microfluidic devices proved as a better alternative to the glass and silicon-based microfluidic devices. Polymer-based materials are more affordable, robust, easy to access, and require rapid fabrication techniques as compared to silicon and glass materials. Polymers are one of the most important materials used in microfluidic chips for mass production by applying soft lithography, casting, injection molding, and hot embossing techniques.

Technology Insights

On the basis of revenue,the medical technology segment led the global microfluidics market with an 83% revenue share in the year 2023. This is mainly attributed to the three major benefits offered by the microfluidics for the POC diagnostics that include smaller sample volumes, faster turnaround times, and lesser test costs. These benefits are moderately being utilized for the development of POC devices for detection and diagnosis of a wide range of conditions from cancer to infectious diseases.

For example, the Laboratory of Integrated Bio-Medical/Nanotechnology & Applications (LIBNA) fabricated a microfluidic point-of-care sepsis chip that calculates CD64 expression on neutrophils as well as the overall WBC count in around 30 minutes, by just using 10 microliters of a blood sample. 

Application Insights

The lab-on-a-chip application accounted revenue share of 38% in the global microfluidics market in the year 2023 and estimated to continue its position throughout the analysis period. In the field of molecular biology, lab-on-a-chip provides high detection speed despite of maintaining the same sensitivity level during RNA or DNA amplification along with their detection procedures. This application also permits the rapid sequencing of DNA.

Elveflow provides the fastest qPCR system named as Fast gene system that detects viruses and bacteria within 7 minutes. Furthermore, nanopore technology holds an excessive potential to facilitate the rapid genome sequencing of DNA than the lab-on-a-chip by implementing an array technique.

Microfluidics Market Companies

• Agilent Technologies, Inc.
• Illumina, Inc.
• Perkinelmer, Inc.
• Life Technologies Corporation
• Danaher
• Bio-Rad Laboratories, Inc.
• Hoffmann-La Roche Ltd
• Abbott Laboratories
• Fluidigm Corporation
• Qiagen N.V.
• Thermo Fischer Scientific
• Biomérieux
• Cellix Ltd.
• Elveflow
• Micronit Micro Technologies B.V.

Segments Covered in the Report

By Material

• Glass
• Silicon
• PDMS
• Polymers
• Others

By Technology

• Non-Medical
• Medical
  • Gel Electrophoresis
  • PCR & RT-PCR
  • ELISA
  • Microarrays
  • Others

By Application

• Organs-on-chips
• Lab-on-a-chip
• Continuous Flow Microfluidics
• Acoustofluidics and Microfluidics
• Optofluidics and Microfluidics
• Electrophoresis and Microfluidics

By Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World