Global Market For Microfluidics Technologies To Reach Nearly $10.3 Billion In 2017

Top Quote According to a new technical market research report, MICROFLUIDICS: TECHNOLOGIES AND GLOBAL MARKETS (SMC036D), from BCC Research (www.bccresearch.com), the market for microfluidics technologies was valued at nearly $5.1 billion in 2011 and $5.6 billion in 2012. End Quote
  • (1888PressRelease) January 29, 2013 - Wellesley, Mass. - 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%.

    Inkjet printing currently is by far the largest application of microfluidics, accounting for about 63% of the total market in 2011. Although the inkjet printing segment includes applications such as biochip production and flat-panel display fabrication, it obviously owes its dominance to the inkjet printer head market. Despite its size, inkjet printing is the slowest-growing application segment with a projected CAGR of less than 7%, and by 2017 it is expected to account for slightly less than 45% of the market.

    After inkjet printing, healthcare-related applications such as high-throughput screening, diagnostics, and drug delivery represent the largest and fastest-growing applications of microfluidics technology. Together, these three applications accounted for more than 33% of the microfluidics market in 2011; by 2017, their combined market share is expected to be greater than 51%.

    The remaining application segments, particularly chemical analysis and synthesis and proteomics, are smaller and growing at a slower pace than healthcare-related applications. The market for defense and public-safety applications should remain small throughout the period under review.

    The major objectives of this report are:

    To provide a thorough evaluation of the technical and business environment surrounding the emerging microfluidics systems market
    To review the technologies, the related subtechnologies and alternative technologies in light of the emerging needs of the relevant markets
    To examine the current and potential applications of microfluidics technologies and assess their importance in the context of emerging market paradigms
    To describe the spectrum of microfluidics-related products currently on the market and in development
    To provide an overview of the current microfluidics market in terms of scale and competitive structure
    To assess the future of the microfluidics market in terms of growth potential for various product and application segments
    To examine the trends that will shape the future of microfluidics technologies and markets, and to examine their impacts.

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