Asia Pacific Microfluidics Market Key Players and Opportunities by 2027
Asia Pacific Microfluidics Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Product (Microfluidic Chips, Microfluidic Sensors, Devices , Micropumps, Microneedles and Other Products), Material (PDMS, Polymers, Glass, Silicon, and Other Materials), Application (In Vitro Diagnostics, Pharmaceutical and Life Science Research, Drug Discovery, and Other Applications); and Country
- Status : Published
- Report Code : TIPRE00013011
- Category : Life Sciences
- No. of Pages : 173
- Available Report Formats :
- Last update date : October 08, 2020
2019 Market Size
US$ 2,294.22 Mn
Base year value
2027 Forecast
US$ 8,788.24 Mn
Projected by 2027
CAGR 2020-2027
18.6 %
Growth rate
Addressable Market
US$ 42,635.61 Mn
(2020-2027)
The Asia Pacific microfluidics market was valued at US$ 2,294.22 million in 2019 and is projected to reach US$ 8,788.24 million by 2027; it is expected to grow at a CAGR of 18.6% during 2020–2027.
The growth of the microfluidics market is mainly attributed to the factors such as application of microfluidics technologies in point-of-care testing, and technological development in microfluidics products are expected to propel the growth of the market. However, lower adoption in emerging economies is the major factor hindering the market growth..
The India has observed the fastest growth in the Asia Pacific micro fluidics market within the past few years and is expected to lead the market in Asia Pacific during the forecast period. The rising innovation through market players is a significant factor that is contributing to the growth of the market in India. For instance, a Bengaluru-based biotech start-up Achira Labs has hit the market in 2016 with its product, Acix 100. Achira Labs is a pioneering Indian technology company, which has strong expertise in developing microfluidics-based solutions for in vitro diagnostics. Also, Hyderabad-based Theranosis Life Sciences Pvt Ltd is focusing on a type of liquid biopsy that used to detect the live cancer cells in blood circulation. The company’s innovative microfluidics lab-on-a-chip technology-enabled to capture the circulating tumor cells (CTCs) in peripheral blood.
India Microfluidics Market Revenue and Forecast to 2027 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
ASIA PACIFIC MICROFLUIDICS – MARKET SEGMENTATION
Microfluidics Market – By Product
- Devices
- Microfluidic Chips
- Microfluidic Sensors
- Micropumps
- Microneedles
- Other Products
Microfluidics Market – By Material
- PDMS
- Glass
- Silicon
- Polymer
- Other Materials
Microfluidics Market – By Application
- In Vitro Diagnostics
- Point-of-Care Testing
- Clinical Diagnostics
- Pharmaceutical and Life Science Research
- Drug Discovery
- Other Applications
By Country
- China
- Japan
- India
- South Korea
- Australia
Company Profiles
- Agilent Technologies, Inc.,
- BD
- Bio-Rad Laboratories Inc.
- Danaher
- Dolomite Microfluidics (Blacktrace Holdings Ltd.)
- Fludigm Corporation
- Illumina, Inc.
- microfluidic ChipShop GmbH,
- Perkin Elmer, Inc.
- Thermo Fisher Scientific Inc.
Asia Pacific Microfluidics Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 2,294.22 Million |
| Market Size by 2027 | US$ 8,788.24 Million |
| CAGR (2020 - 2027) | 18.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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