Microfluidics: Technologies and Global Markets

The market for microfluidics technologies was valued at nearly $5.1 billion in 2011 and $5.6 billion in 2012. Total market value is expected to reach nearly $10.3 billion in 2017 after increasing at a five-year compound annual growth rate (CAGR) of 13%.

Report Includes

• An overview for the global market for microfluidic technologies, which deal with the movement of small amounts of fluids
• Analyses of global market trends, with data from 2011 and 2012, and projections of compound annual growth rates (CAGRs) through 2017
• A thorough evaluation of the technical and business environment surrounding the emerging microfluidic systems market
• Examination of the current and potential applications of the technologies and an assessment of their importance in the context of emerging market paradigms
• The trends that will shape the future of microfluidic technologies and markets, and their impact
• A patent analysis for new and emerging technologies
• Comprehensive company profiles of major players in the industry.

• The global market for microfluidic technologies was worth an estimated $2.9 billion in 2005. This figure should grow to $3.2 billion in 2006 and $6.2 billion by 2011, i.e., an average annual growth rate (AAGR) of 14.1% over the next five years.
• Inkjet printing is by far the largest application of microfluidics, accounting for nearly three-quarters of the total market. Despite its size, inkjet printing is the slowest-growing application segment with a projected AAGR of under 8%, and by 2011 is expected to account for slightly over half of the market.
• Smaller application segments, particularly chemical analysis and synthesis and proteomics are growing at a slower pace than healthcare-related applications. The market for defense and public safety applications should remain small throughout the forecast period.

• The worldwide market for microfluidic-based systems and devices is expected to climb at an average annual growth rate (AAGR) of 15.5% to nearly $2 billion in 2008, from $950 million in 2003.
• New developments in fluidics, microelectronics and detection systems have enabled microfluidics to move from theory to commercial reality in only a few years.
• The major impact of such systems and devices is likely to be in the $10 billion analytical laboratory instrumentation market.
• With the high cost of drug development and the pressure to reduce the development cycle time, high throughput screening and lab-on-a-chip have garnered the most attention. Hence, 37% of the total current revenue comes from these areas.