The Global Microfluidic Devices Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The global microfluidic devices market size was estimated to be US$ 13 billion in 2019 and is expected to reach US$ 40.5 billion by 2030 at a CAGR of 10.8%. Microfluidic devices are lithographic devices used for diagnosis or analysis of small volumes of fluids to perform chemical, physiological and biological processes. Microfluidics devices are gaining popularity across wide range of diagnostic applications owing to requirement of extremely low quantity of samples and efficiency in data interpretation as compared to the traditional laboratory equipment. The demand for portable and efficient diagnostic systems is increasing significantly around the globe due to increasing prevalence of infectious diseases, lifestyle diseases and chronic disorders. This has fuelled the adoption of microfluidic devices for diagnosis of wide range of devices owing to the high throughput delivered by the microfluidic devices. With commercialization of microfluidic devices, the rising demand for point-of-care devices is anticipated to be met in coming years. The global microfluidic devices market is expected to grow significantly during the forecast period.
