Description Driven by Life Sciences and In-Vitro Diagnostics applications, the Microfluidic Device market is now structured and will grow at 18% over the next five years.THE MICROFLUIDIC INDUSTRY IS NOW WELL STRUCTURED FOR FURTHER GROWTH
As a logical consequence of impressive growth for several years running, the Microfluidic Industry is showing production-strengthening signs on both the industrial and manufacturing fronts. The Microfluidic Device market will continue to grow swiftly, from $2.56B in 2015 to $5.95B in 2020. This annual 18% growth will still be mainly driven by Pharmaceutical research and Point-of-Care applications. In this report, you will find more details about microfluidic applications.
With the healthcare industry moving steadily toward personalized medicine, technology has evolved to fi t requirements. Consequently, significant improvements in drug discovery have been made thanks to breakthroughs in genomics. Moreover, the recent Ebola epidemic underlined the critical need for inexpensive tests to be rapidly analyzed in the field in order to cure the sick as soon as possible. The push to avoid future epidemics will lead to many innovations in the microfluidic Point-of-Care field.
In the meantime, recent sanitary scandals have had for consequence the strengthening of regulations in the agro-food and water industries, thus sharply increasing the need for tests dedicated to bacteria detection. Industrial and Environmental testing are thus in full swing, and are enjoying one of the best growth rates amongst microfluidic applications.
By offering innovative solutions and cost advantages, microfluidic technologies are attracting more and more players from various fields. Numerous large companies are exploring the possibility of adopting microfluidics in order to improve their products. This new Yole Développement report provides a complete overview of these burgeoning trends through a detailed market and technology analysis. Leveraging participation in major events and numerous interviews of microfluidic players, this report consolidates 2012 – 2014 market data and provides updated forecasts for 2015 - 2020.
Since microfluidic devices can be produced either by pure microfluidics fabs or by fully integrated players in-house, Yole Développement has continued to observe the evolution of both sides. An accurate focus has thus been placed on the microfluidic purefab players and their development. Naturally, an updated top 15 ranking of these players has been made. This report also looks at the “hidden” market linked to in-house production.
Microfluidic devices can either be used directly for some applications (i.e. analytical devices, flow chemistry) or must be completed by reagents/biological content. The Microfluidic Test market’s growth is really impressive (CAGR2015-2020 = 20%), and this report provides a full analysis of the cost breakdown between row chips (first-level package device) and contents coated on the chips for building final tests.
Moreover, technology vs. application analysis matrices are detailed in the report.
AS A CONSEQUENCE OF THE INDUSTRY’S STRUCTURATION, SEVERAL MICROFLUIDIC COMPANIES HAVE DIVERSIFIED THEIR ACTIVITIES AND LAUNCHED GROWTH OPERATIONS
Innovative projects need funds in order to be realized. Many promising microfluidic companies have recently undertaken successful fundraising efforts. Indeed, the industry’s established structure has confirmed microfluidics’ immense potential, and led investors to be increasingly confident. Several microfluidic companies of varying sizes have entered the stock market and secured millions of dollars. These fundraising activities have facilitated very impressive growth for a handful of microfluidic players, some of which have doubled their turnover every year.
In addition to these stock market successes, microfluidics players in general are doing well. Many have diversified their activities in order to provide unique offers, and are now able to reach a broader customer range. Such diversification requires new competencies and expertise, which is why numerous collaborations and acquisitions have occurred since 2013, leveraging two or more companies’ competencies on one project or bringing new, key know-how necessary to enter strategic markets. With such a positive dynamic, it’s common to see players averaging 20%-plus annual growth over the last few years.
This report provides an overview of all the companies’ dynamics and a summary of future expectations.
PROMISING NEW TECHNOLOGIES AND APPLICATIONS SUGGEST A BRIGHT FUTURE FOR MICROFLUIDICS
Since the evolution covered in the previous report has now gone a step further, this new report provides an updated analysis of the material mix and gathers information about emerging, rapidly evolving manufacturing processes such as 3D printing and room-temperature bonding which could offer exciting new possibilities in the coming years.
Many microfluidic applications are now well established, and their advantages well-known. We can observe fields in which existing microfluidic technologies supporting new applications are competing with other technologies. Also, emerging microfluidic technologies are used in both existing and emerging applications, where they bring new functions and/or benefits. This report provides a roadmap illustrating these trends.
Following what we foresaw several years ago, the combination of microfluidics and optics in the same device are now emerging everywhere through performant devices. One great example is the development of liquid lenses for camera modules, which provide high precision, continuous autofocus, and low power consumption. Other new applications are coming into play, such as microfluidic cooling for integrated components. All of these emerging applications are detailed in this report.
OBJECTIVES OF THE REPORT
- This new Yole Développement report provides a complete analysis of Microfluidic devices, applications, markets, and technologies. Thanks to an exclusive market segmentation, market trends and main players are presented for each product category
- For a better understanding of how value is spread across the supply chain, this report covers the Microfluidic Device and Final Diagnostic Test markets
- A presentation of new, promising applications for Microfluidic technologies is also offered, along with an updated roadmap
- Updated 2015 - 2020 forecasts for the Microfluidic landscape, based on reviewed sales data from the Microfluidic Device market’s top 170 players
- Detailed analysis of the microfluidic industry’s organization and development status
- Value and supply chain analysis, with updated information on who is producing for who
- Updated material mix analysis (polymer, glass, silicon, metal, and ceramics) for Microfluidic applications
- “Emerging manufacturing techniques” and “Emerging applications” sections covering long-term opportunities for Microfluidic technologies
- Technology roadmap