About Microfluidics Components
Microfluidics is referred to the fluid-handling technologies or system studies that deals with the fluids small volumes (dimensions of tens to hundreds of micrometers) by using tiny channels. In recent years, the awareness regarding the advantage of the microfluidics, has led in expansion across healthcare, oil and gas, consumer electronics, and transportation sector. The microfluidics device component includes pump, chips, valves, connectors, sensor and others for better efficiency and low volume requirements of samples and reagents. Different type of pump and chips are used to push the liquid inside the chip.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Microfluidics Components market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Microfluidics Components Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that Players concentration is mainly in Europe Manufacturers will contribute the maximum growth to Global Microfluidics Components market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dolomite Microfluidics (United Kingdom), Parker Hannifin Corporation (United States), Staiger GmbH and Co.KG (Germany), Metal Work S.P.A. (Italy), Camozzi Automation (Italy), Fortive Corporation, Aignep S.P.A. (Italy), International Polymer Solutions (United States) and FIM Valvole Srl (Italy) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Humphrey Products Corporation (United States), The Lee Company (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Microfluidics Components market by Type (Microfluidics Pumps, Microfluidics Chips, Valves, Connectors, Sensors and Others), Application (Automotive, Aerospace and Defense, Healthcare, Consumer Electronics, Oil and Gas and Others) and Region.
On the basis of geography, the market of Microfluidics Components has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Silicon will boost the Microfluidics Components market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Ongoing trend of device miniaturization
Market Growth Drivers:
Growing demand for microfluidics across healthcare sector and Increasing need for rapid diagnostics due to growing chronic and infectious diseases
Restraints:
High cost of microfluidics chips and sensors
Opportunities:
Advancement in the technology for printed circuit board (PCB) industry for various healthcare devices and Emergence of new materials for microfluidics
Market Leaders and their expansionary development strategies
In June 2019, the SCHOTT AG acquired the microfluidic expert MINIFAB for enhancing the product line of the manufacturers for the diagnostics market. The acquisition aims to help the consumer through offering complementary portfolio of top quality polymer and glass solutions for diagnostics applications
In November 2020, Dolomite Microfluidics, a prominent company in manufacturing microfluidics based solutions collaborated with the MilliporeSigma, US based Life Science and High Technology company for off-the-shelf NanoFabTx microfluidic device kits for the fabrication of PLGA particles. and In September 2020, the Sumitomo Riko Co. Ltd introduced the new microfluidic device, used for manufacture lipid nanoparticles through collaboration with Lilac Pharma Inc.
Key Target Audience
Manufacturers of miniature devices, Rapid test medical devices manufacturer and Governmental bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.