According to AllTheResearch’s analysts, increasing support from government and research institutes for the development of microfluidic chips, coupled with the rising need to develop microfluidic chip-based point of care diagnostics devices, is driving the growth of the microfluidic chips market ecosystem. Apart from this, the unique chemical and physical properties that arise in fluids at micron size, coupled with the various advantages of microfluidics over conventional sized systems, are driving the adoption of microfluidic devices. The global microfluidic chips market was valued at US$ 3,366.4 Mn in 2019 and is expected to grow at a CAGR of 12.2% during the forecast period.
The microfluidic chips market ecosystem is still in its nascent stage and hence, companies are investing in the development and launch of new devices. For instance, in October 2018, MICROLIQUID announced that it was developing a new microfluidic POC system for early-stage osteoporosis detection. The major players operating in the microfluidic chips market are Fluidigm Corporation, Dolomite Microfluidics, 908 Devices, Becton, Dickinson and Company, Danaher Corporation, and PerkinElmer Corporation, amongst others.
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3D printing is being used for the fabrication of microfluidic chips. Rapid prototyping is possible due to 3D printing and the mass production of devices is possible with the help of 3D printers. 3D printing particularly helps in cost reduction, miniaturization, and in manufacturing higher quality of microfluidic chips.
The recent Covid-19 pandemic is also attracting a lot of investment from microfluidic chip manufacturers and researchers alike. A team of researchers from Hong Kong University of Science and Technology (HKUST) has invented the world’s fastest portable 2019-nCoV detection device. Based on microfluidics technology, the silicon-based micro-heater is light & portable and is being already used for the coronavirus detection in China.
Figure 1: Segmentation of Microfluidic Chips Market Ecosystem
| Product Type | Application | End-use industry |
| Glass | Genomics | Healthcare |
| Silicon | Proteomics | Chemical |
| Polymer | In-vitro Diagnostics | Others |
| Others | Drug Delivery | |
| Micro-reactor | ||
| Capillary Electrophoresis | ||
| Others |
Based on the end-use industry, Healthcare accounted for the highest share of around 90% in the microfluidic chips market ecosystem. Microfluidic chips have the highest number of applications in healthcare, such as in point-of-care testing, drug delivery, drug discovery/screening, lab-on-chip, molecular diagnostics, bioreactors, and DNA/RNA screening (PCR), among others.
Polymer microfluidic chips accounted for the majority share in the market in 2019 due to favorable material properties. PDMS is one of the most commonly used elastomers for the fabrication of microfluidic chips. Low material cost, elasticity, optical transparency, and permeability are the major factors in driving the growth of the use of polymers in microfluidic chip fabrication.
Very few markets have the interconnectivity with other markets like Microfluidic Chips. Our Interconnectivity module focuses on the key nodes of heterogeneous markets in detail. 3D printing, Point-of Care Diagnostics, Lab-on-a-chip, and Lab Automation markets are some of our key researched markets.
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