Published :
Tables : 90
Figures : 20
Category : Healthcare
No. of Pages : 200
Report Code : HC-1256
Microfluidic Components Market Introduction Microfluidic components market is predicted to value over USD 5.8 billion by 2027 end and register a CAGR of over 11.5% during the forecast period 2020 to 2027. Factors such as increasing incidences of chronic diseases are expanding the microfluidic component market size. The increasing demand for in-vitro diagnostics is further complementing the growth of the market. According to the World Health Organization (WHO), 95 million people received HIV testing in developing and under-developing economies. The growing number has led to a reduction in the price of microfluidics in HIV testing at POCs, thus inflating the microfluidic components market share. The market is classified into product, industry, and region. In terms of product, flow and pressure sensors are predicted to show notable growth due to its growing use in pressure sensing and microfluidics conductivity measurement. Furthermore, the high accuracy and control stability offered by flow and pressure controllers is bolstering the market. Valves are also expected to hold a vast segment of the market owing to its increasing use in the automotive sector. The growing demand for power generation alongside increasing investments in multiple industries is playing a catalyst role in increasing the microfluidic components market size. In terms of region, the Asia-Pacific region is expected to show exponential growth owing to the rise in industrialization and investments in water infrastructure. Growing urbanization and rising number of infrastructural development projects in India and China are complementing the growth of the market. Growth of chemicals, aerospace and power & energy sectors is also positively influencing the market. Prominent players of the market are IDEX Corporation, Aignep s.p.a, Elveflow. Christian Burkert GmbH & Co. KG, Cellix Ltd, Dolomite Microfluidics, The Lee Company, Parker Hannifin Corporation, SMC Corporation, Staiger GmbH & Co. KG, Camozzi Automation Spa Societa Unipersonale, Humphrey Products Corporation, FIM Valvole Srl and Fluigent SA. Competitive Landscape: ● Parker Hannifin is one of the major players in the market. Parker Hannifin is bolstering the market by selling its product and expanding its product portfolio in the Middle East and Asia. The company focuses on strategies like product enhancements and launches in a bid to strengthen its foothold in the market. Parker Aerospace, to provide faster resolution of the issue, launched VSO LowPro GCA microfluidic valve in 2017 ● IDEX Health and Science acquired thinXXS in 2017. The move helped IDEX Health to extend its product portfolio in life science and point of care market Global Microfluidic Component Market Segmentation: By Product Valves Solenoid Valves Flow Control Valves Check Valves Shuttle Valves Pressure Relief Valves Proportional Valves Other Valves (Ball Valves, Safety Valves, Plug Valves, and Diaphragm Valves) Flow and Pressure Controllers Flow and Pressure Sensors Micropumps Nozzles Microneedles Other Components By Industry ● Oil & Gas ● Healthcare ● Aerospace & Defense ● Consumer Electronics ● Automotive ● Other Industries By Region ● North America ● Europe ● Asia Pacific ● Latin America ● Rest of the World FutureWise Key Takeaways: ● Growth Prospects ● SWOT Analysis ● Key Trends ● Key data-points affecting market growth Objectives of the Study: • To provide with an exhaustive analysis on the global microfluidic component market by product, by industry and by region • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) • Evaluate and forecast micro-markets and the overall market • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and Rest of the World • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions • Profiling of companies to evaluate their market shares, strategies, financial and core competencies
Microfluidic components market is predicted to value over USD 5.8 billion by 2027 end and register a CAGR of over 11.5% during the forecast period 2020 to 2027.
Factors such as increasing incidences of chronic diseases are expanding the microfluidic component market size. The increasing demand for in-vitro diagnostics is further complementing the growth of the market. According to the World Health Organization (WHO), 95 million people received HIV testing in developing and under-developing economies. The growing number has led to a reduction in the price of microfluidics in HIV testing at POCs, thus inflating the microfluidic components market share.
The market is classified into product, industry, and region. In terms of product, flow and pressure sensors are predicted to show notable growth due to its growing use in pressure sensing and microfluidics conductivity measurement. Furthermore, the high accuracy and control stability offered by flow and pressure controllers is bolstering the market. Valves are also expected to hold a vast segment of the market owing to its increasing use in the automotive sector. The growing demand for power generation alongside increasing investments in multiple industries is playing a catalyst role in increasing the microfluidic components market size.
In terms of region, the Asia-Pacific region is expected to show exponential growth owing to the rise in industrialization and investments in water infrastructure. Growing urbanization and rising number of infrastructural development projects in India and China are complementing the growth of the market. Growth of chemicals, aerospace and power & energy sectors is also positively influencing the market.
Prominent players of the market are IDEX Corporation, Aignep s.p.a, Elveflow. Christian Burkert GmbH & Co. KG, Cellix Ltd, Dolomite Microfluidics, The Lee Company, Parker Hannifin Corporation, SMC Corporation, Staiger GmbH & Co. KG, Camozzi Automation Spa Societa Unipersonale, Humphrey Products Corporation, FIM Valvole Srl and Fluigent SA. Competitive Landscape: ● Parker Hannifin is one of the major players in the market. Parker Hannifin is bolstering the market by selling its product and expanding its product portfolio in the Middle East and Asia. The company focuses on strategies like product enhancements and launches in a bid to strengthen its foothold in the market. Parker Aerospace, to provide faster resolution of the issue, launched VSO LowPro GCA microfluidic valve in 2017 ● IDEX Health and Science acquired thinXXS in 2017. The move helped IDEX Health to extend its product portfolio in life science and point of care market Global Microfluidic Component Market Segmentation: By Product
By Industry ● Oil & Gas ● Healthcare ● Aerospace & Defense ● Consumer Electronics ● Automotive ● Other Industries By Region ● North America ● Europe ● Asia Pacific ● Latin America ● Rest of the World FutureWise Key Takeaways: ● Growth Prospects ● SWOT Analysis ● Key Trends ● Key data-points affecting market growth Objectives of the Study: • To provide with an exhaustive analysis on the global microfluidic component market by product, by industry and by region • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) • Evaluate and forecast micro-markets and the overall market • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and Rest of the World • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions • Profiling of companies to evaluate their market shares, strategies, financial and core competencies
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.3.1 Markets Covered 1.3.2 Years Considered for the Study 1.4 Currency 1.5 Limitations 1.6 Stakeholders 2 Research Methodology 2.1 Research Approach 2.2 Research Design 2.2.1 Secondary Research 2.2.1.1 Key Data From Secondary Sources 2.2.2 Primary Research 2.2.2.1 Key Data From Primary Sources 2.2.2.2 Breakdown of Primaries 2.2.2.3 Key Industry Insights 2.3 Market Size Estimation 2.4 Data Triangulation Approach 2.5 Market Players Ranking Analysis 2.6 Assumptions for the Study 3 Executive Summary 4 Premium Insights 4.1 Microfluidic Components: Market Overview 4.2 Microfluidic Components Market: Geographic Growth Opportunities 4.3 Regional Mix: Microfluidic Components Market (2020–2027) 4.4 Microfluidic Components Market: Developed vs. Developing Markets, 2020 vs. 2027 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Rising Demand for Point-Of-Care Testing 5.2.1.2 Technological Advancements 5.2.1.3 Increasing Focus on Data Precision and Accuracy 5.2.1.4 Fast Returns on Investments 5.2.1.5 Growing Demand for Consumer Electronics and Wearable Devices 5.2.1.6 Growing Demand for Miniature Portable Devices 5.2.2 Restraints 5.2.2.1 Complex Regulatory Approval Process 5.2.3 Opportunities 5.2.3.1 Emergence of Microfluidics-Based 3d Cell Culture 5.2.3.2 Regenerative Medicine- an Alternative To Organ Transplantation 5.2.3.3 Increasing Application Areas of Microfluidics Technology 5.2.4 Challenges 5.2.4.1 Standardization and Commercialization of Components 6 Industry Trends 6.1 Introduction 6.2 Process Automation in End-Use Industries 6.3 Emergence of Piezo-Actuated Technology 6.4 Universities Actively Generating Microfluidic Startups 6.5 Increasing Popularity of Smart Valves 7 Microfluidic Components Market, By Product 7.1 Introduction 7.2 Flow and Pressure Sensors Market 7.2.1 Increasing Application Areas in the Healthcare Industry To Drive Market Growth 7.3 Flow and Pressure Controllers 7.3.1 High Accuracy and Control Stability Make Pressure Controllers Suitable References in Fluid Measurement 7.4 Micropumps 7.4.1 Growing Demand in the Healthcare Vertical and Advantages Over Traditional Pumps Will Drive the Market 7.5 Valves 7.5.1 Solenoid Valves 7.5.1.1 Shift From Conventional Laboratory Techniques To Automated Techniques is A Key Factor in the High Adoption of Solenoid Valves 7.5.2 Flow Control Valves 7.5.2.1 Demand for Flow Control Valves is High in the Life Science Research and Laboratory Applications 7.5.3 Check Valves 7.5.3.1 Broad Range Functionality of the Check Valves To Drive Market Growth 7.5.4 Shuttle Valves 7.5.4.1 Growing Healthcare & Aerospace Industry To Propel Market Growth 7.5.5 Pressure Relief Valves 7.5.5.1 Rising Demand for Smart Valves and Growing Digitalization Have Supported Market Demand 7.5.6 Proportional Valves 7.5.6.1 Low Weight and Energy Consumption are Some Advantages of Proportional Valves 7.5.7 Other Valves 7.6 Nozzles 7.6.1 Growing Automobile Industry and Need for Better Fuel Efficiency are Boosting the Nozzles Market 7.7 Microneedles 7.7.1 Growing Demand for Safer Alternative To Conventional Hypodermic Injections has Driven Market Growth 7.8 Other Components 8 Microfluidic Components Market, By Industry 8.1 Introduction 8.2 Healthcare Industry 8.2.1 The Healthcare Industry is Estimated To Grow at Highest CAGR of 24.9% During the Forecast Period 8.3 Aerospace & Defense Industry 8.3.1 The Increasing Requirement for Commercial, Passenger, and Military Aircrafts is Expected To Drive Market Growth 8.4 Consumer Electronics Industry 8.4.1 Growing Trends Towards Miniaturization and High Demand for Consumer Electronics is Expected To Boost Market Growth 8.5 Automotive Industry 8.5.1 Growing Production of Commercial and Passenger Vehicles To Drive Marketd Growth 8.7 Oil & Gas Industry 8.7.1 Increasing Research on Applications of Microfluidics in the Oil and Gas Industry To Support Market Growth 8.8 Other Industries 9 Microfluidic Components Market, By Region 9.1 Introduction 9.2 North America 9.2.1 US 9.2.1.1 Well Established Healthcare and Aerospace Industries are Contributing To US’s High Market Share 9.2.2 Canada 9.2.2.1 Growing Healthcare Industry in the Country To Drive Market Growth 9.3 Asia Pacific 9.3.1 China 9.3.1.1 Growing Industrialization and Increasing Initiatives for Infrastructural Development To Support Market Growth 9.3.2 Japan 9.3.2.1 Established Manufacturing and Automobile Sectors To Drive Market Growth 9.3.3 India 9.3.3.1 Prominent Consumer Electronics Industry To Drive the Demand for Microfluidic Components 9.3.4 Rest of Asia Pacific 9.4 Europe 9.4.1 Germany 9.4.1.1 Advanced Manufacturing Capabilities To Support Market Growth 9.4.2 France 9.4.2.1 Government Initiatives To Promote Healthcare is Likely To Boost the Adoption of Microfluidic Components in France 9.4.3 UK 9.4.3.1 High Demand for Home Healthcare and Poc Testing To Boost the Adoption of Microfluidic Components 9.4.4 Italy 9.4.4.1 Huge Aerospace and Consumer Electronics Industries To Propel the Adoption of Microfluidic Components 9.4.5 Spain 9.4.5.1 Large Pharma Industry and Improving Healthcare Infrastructure To Boost Market Growth 9.4.6 Rest of Europe 9.5 Latin America 9.5.1 High Growth Opportunities in the Manufacturing Sector To Drive Market Growth 9.6 Middle East & Africa 9.6.1 Mea Region Offers Lucrative Opportunities for Medical Device Manufacturers 10 Competitive Landscape 10.1 Overview 10.2 Market Ranking 10.2.1 Microfluidic Components Market, By Key Player, 2020 10.3 Competitive Leadership Mapping 10.3.1 Visionary Leaders 10.3.2 Innovators 10.3.3 Dynamic Differentiators 10.3.4 Emerging Companies 10.4 Competitive Situation and Trends 10.4.1 Product Launches 10.4.2 Expansions 10.4.3 Acquisitions 11 Company Profiles 11.1 Parker Hannifin Corporation 11.2 Fluigent SA 11.3 Staiger GmbH & Co. Kg 11.4 SMC Corporation 11.5 Camozzi Automation Spa Società Unipersonale 11.6 Idex Corporation 11.7 Aignep S.P.A. 11.8 FIM Valvole SRL 11.9 Humphrey Products Corporation 11.10 The LEE Company 11.11 Dolomite Microfluidics 11.12 Cellix Ltd. 11.13 Elveflow 11.14 Christian Bürkert GmbH & Co. Kg Chapter 12 Research Finding and Conclusion Chapter 13 Research Methodology Chapter 14 Research Data Source
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Approach
2.2 Research Design
2.2.1 Secondary Research
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Research
2.2.2.1 Key Data From Primary Sources
2.2.2.2 Breakdown of Primaries
2.2.2.3 Key Industry Insights
2.3 Market Size Estimation
2.4 Data Triangulation Approach
2.5 Market Players Ranking Analysis
2.6 Assumptions for the Study
3 Executive Summary
4 Premium Insights
4.1 Microfluidic Components: Market Overview
4.2 Microfluidic Components Market: Geographic Growth Opportunities
4.3 Regional Mix: Microfluidic Components Market (2020–2027)
4.4 Microfluidic Components Market: Developed vs. Developing Markets, 2020 vs. 2027
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Demand for Point-Of-Care Testing
5.2.1.2 Technological Advancements
5.2.1.3 Increasing Focus on Data Precision and Accuracy
5.2.1.4 Fast Returns on Investments
5.2.1.5 Growing Demand for Consumer Electronics and Wearable Devices
5.2.1.6 Growing Demand for Miniature Portable Devices
5.2.2 Restraints
5.2.2.1 Complex Regulatory Approval Process
5.2.3 Opportunities
5.2.3.1 Emergence of Microfluidics-Based 3d Cell Culture
5.2.3.2 Regenerative Medicine- an Alternative To Organ Transplantation
5.2.3.3 Increasing Application Areas of Microfluidics Technology
5.2.4 Challenges
5.2.4.1 Standardization and Commercialization of Components
6 Industry Trends
6.1 Introduction
6.2 Process Automation in End-Use Industries
6.3 Emergence of Piezo-Actuated Technology
6.4 Universities Actively Generating Microfluidic Startups
6.5 Increasing Popularity of Smart Valves
7 Microfluidic Components Market, By Product
7.1 Introduction
7.2 Flow and Pressure Sensors Market
7.2.1 Increasing Application Areas in the Healthcare Industry To Drive Market Growth
7.3 Flow and Pressure Controllers
7.3.1 High Accuracy and Control Stability Make Pressure Controllers Suitable References in Fluid Measurement
7.4 Micropumps
7.4.1 Growing Demand in the Healthcare Vertical and Advantages Over Traditional Pumps Will Drive the Market
7.5 Valves
7.5.1 Solenoid Valves
7.5.1.1 Shift From Conventional Laboratory Techniques To Automated Techniques is A Key Factor in the High Adoption of Solenoid Valves
7.5.2 Flow Control Valves
7.5.2.1 Demand for Flow Control Valves is High in the Life Science Research and Laboratory Applications
7.5.3 Check Valves
7.5.3.1 Broad Range Functionality of the Check Valves To Drive Market Growth
7.5.4 Shuttle Valves
7.5.4.1 Growing Healthcare & Aerospace Industry To Propel Market Growth
7.5.5 Pressure Relief Valves
7.5.5.1 Rising Demand for Smart Valves and Growing Digitalization Have Supported Market Demand
7.5.6 Proportional Valves
7.5.6.1 Low Weight and Energy Consumption are Some Advantages of Proportional Valves
7.5.7 Other Valves
7.6 Nozzles
7.6.1 Growing Automobile Industry and Need for Better Fuel Efficiency are Boosting the Nozzles Market
7.7 Microneedles
7.7.1 Growing Demand for Safer Alternative To Conventional Hypodermic Injections has Driven Market Growth
7.8 Other Components
8 Microfluidic Components Market, By Industry
8.1 Introduction
8.2 Healthcare Industry
8.2.1 The Healthcare Industry is Estimated To Grow at Highest CAGR of 24.9% During the Forecast Period
8.3 Aerospace & Defense Industry
8.3.1 The Increasing Requirement for Commercial, Passenger, and Military Aircrafts is Expected To Drive Market Growth
8.4 Consumer Electronics Industry
8.4.1 Growing Trends Towards Miniaturization and High Demand for Consumer Electronics is Expected To Boost Market Growth
8.5 Automotive Industry
8.5.1 Growing Production of Commercial and Passenger Vehicles To Drive Marketd Growth
8.7 Oil & Gas Industry
8.7.1 Increasing Research on Applications of Microfluidics in the Oil and Gas Industry To Support Market Growth
8.8 Other Industries
9 Microfluidic Components Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Well Established Healthcare and Aerospace Industries are Contributing To US’s High Market Share
9.2.2 Canada
9.2.2.1 Growing Healthcare Industry in the Country To Drive Market Growth
9.3 Asia Pacific
9.3.1 China
9.3.1.1 Growing Industrialization and Increasing Initiatives for Infrastructural Development To Support Market Growth
9.3.2 Japan
9.3.2.1 Established Manufacturing and Automobile Sectors To Drive Market Growth
9.3.3 India
9.3.3.1 Prominent Consumer Electronics Industry To Drive the Demand for Microfluidic Components
9.3.4 Rest of Asia Pacific
9.4 Europe
9.4.1 Germany
9.4.1.1 Advanced Manufacturing Capabilities To Support Market Growth
9.4.2 France
9.4.2.1 Government Initiatives To Promote Healthcare is Likely To Boost the Adoption of Microfluidic Components in France
9.4.3 UK
9.4.3.1 High Demand for Home Healthcare and Poc Testing To Boost the Adoption of Microfluidic Components
9.4.4 Italy
9.4.4.1 Huge Aerospace and Consumer Electronics Industries To Propel the Adoption of Microfluidic Components
9.4.5 Spain
9.4.5.1 Large Pharma Industry and Improving Healthcare Infrastructure To Boost Market Growth
9.4.6 Rest of Europe
9.5 Latin America
9.5.1 High Growth Opportunities in the Manufacturing Sector To Drive Market Growth
9.6 Middle East & Africa
9.6.1 Mea Region Offers Lucrative Opportunities for Medical Device Manufacturers
10 Competitive Landscape
10.1 Overview
10.2 Market Ranking
10.2.1 Microfluidic Components Market, By Key Player, 2020
10.3 Competitive Leadership Mapping
10.3.1 Visionary Leaders
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Competitive Situation and Trends
10.4.1 Product Launches
10.4.2 Expansions
10.4.3 Acquisitions
11 Company Profiles
11.1 Parker Hannifin Corporation
11.2 Fluigent SA
11.3 Staiger GmbH & Co. Kg
11.4 SMC Corporation
11.5 Camozzi Automation Spa Società Unipersonale
11.6 Idex Corporation
11.7 Aignep S.P.A.
11.8 FIM Valvole SRL
11.9 Humphrey Products Corporation
11.10 The LEE Company
11.11 Dolomite Microfluidics
11.12 Cellix Ltd.
11.13 Elveflow
11.14 Christian Bürkert GmbH & Co. Kg
Chapter 12 Research Finding and Conclusion
Chapter 13 Research Methodology
Chapter 14 Research Data Source
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