From GlobeNewswire: 2024-11-08 09:41:00

The Microfluidics Market was valued at USD 27.86 Billion in 2023 and is projected to reach USD 92.43 Billion by 2032, with a CAGR of 14.29% from 2024 to 2032. The rapid growth is driven by diagnostics, personalized medicine, AI integration, and expanding applications in environmental monitoring and food safety testing.

In healthcare, microfluidics is crucial for fast diagnostics and personalized medicine, with the market expected to grow at a CAGR of 16.94% from 2024 to 2032. The rising chronic disease burden globally and increasing demand for accurate testing solutions are propelling the adoption of microfluidics in disease monitoring and early detection.

North America led the Microfluidics Market in 2023, with 42% market share, driven by large companies, sophisticated healthcare systems, and high investments in R&D. The U.S. and Canada are at the forefront of microfluidics adoption, benefiting from point-of-care testing demand and advancements in lab-on-a-chip technology and personalized medicine. Government interest and academic partnerships are strengthening the Asia-Pacific region. With a forecasted growth CAGR of 17.48% from 2024 to 2032, countries like China, Japan, and India are leading the way in healthcare infrastructure and biotechnology investments.

Key developments in the microfluidics market include Illumina’s acquisition of Fluent BioSciences to enhance single-cell analysis and Bio-Rad launching Celselect Slides 2.0 for improved rare cell capture. These advancements aim to simplify procedures and enhance research capabilities.

The Microfluidics Market Analysis & Outlook Report 2024-2032 provides insights into market dynamics, statistical trends, and competitive landscapes. With detailed segmentation by application, material, and technology, the report offers valuable information on healthcare spending, device volume, and prescription trends by region.

S&S Insider, a leading market research agency, offers comprehensive reports and consulting services to help clients navigate changing market landscapes. By providing accurate data, consumer insights, and opinions, the agency equips businesses with the knowledge needed to make confident decisions in a rapidly evolving industry.



Read more at GlobeNewswire: Global Microfluidics Market Size Projected to Reach USD