Fluidic Devices Market Anticipated to Grow at CAGR of 9.4% by 2033

The global fluidic devices market recorded a CAGR of 7.6%in the last 10 years (2012 to 2022) and reached an industry size of US$ 225.4 million in 2022. Worldwide sales of fluidic devices are predicted to increase at a high-value CAGR of 9.4%and reach US$ 601.6 million by the end of 2033.

The global fluidic devices market Size was valued at US$ 225.4 million in 2022, and from 2023 to 2033, it is forecasted to expand rapidly at a CAGR of 9.4%. A wide range of analytes from human samples, including circulating tumor cells (CTCs), proteins, circulating tumor DNA (ctDNA), and exosomes, are analyzed with fluidic devices.

Fluidics is a versatile field that utilizes devices with microliter volumes or micrometer dimensions. These devices enable on-site testing, early intervention, and timely diagnosis, improving patient outcomes and enhancing healthcare. AI-powered fluidic devices have revolutionized point-of-care clinical diagnostics, reducing healthcare costs and improving efficiency.Fluidic devices play a crucial role in life sciences, providing precise, reliable data for early patient screening. By integrating optical sensing and artificial intelligence analysis, these devices offer faster and more accurate and cost-effective solutions for early detection. The medical diagnostics market is driven by the trend towards specialized and efficient screening methods, such as single-cell sequencing, which lowers amplification bias and improves the representation of low-abundance sequences at shallow sequencing depths.

Growth Factors:

The growth of the fluidic devices market is fueled by several key factors. Firstly, advancements in microfluidics and nanofluidics technologies have led to the development of increasingly sophisticated and efficient fluidic devices, driving demand across various industries such as healthcare, pharmaceuticals, and biotechnology. These devices offer precise control over fluid flow, enabling high-throughput screening, diagnostic assays, and drug delivery systems with improved accuracy and efficiency. Additionally, the expanding applications of fluidic devices in fields like point-of-care diagnostics, personalized medicine, and lab-on-a-chip platforms are further propelling market growth.

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Moreover, the growing emphasis on miniaturization and portability of analytical instruments is driving the adoption of compact and integrated fluidic devices, enhancing their utility in diverse settings including remote healthcare facilities and field-based research. Furthermore, increasing investments in research and development activities, coupled with collaborations between academic institutions, research organizations, and industry players, are driving innovation and the introduction of novel fluidic devices, thereby expanding the markets growth potential. Overall, the convergence of technological advancements, expanding applications, and collaborative efforts is driving robust growth in the fluidic devices market.

Key market developments are:

• In December 2022, Nutromics raised US$ 14 million for a DNA sensor platform that transmits real-time biometric data, enabling remote patient monitoring and hospital-at-home systems.
• In December 2022, Horizon Microtechnologies collaborated with Boston Micro Fabrication to develop 3D microfabrication technology, enabling micrometer-scale precision production of conductive, environmentally resistant parts. This technology helps create electrodes, electrical sensor heads, and ESD-safe components, bridging the gap between micro-AM and parts with enhanced functionality.

Key Segments of Fluidic Devices Industry Research

Product:

• Microchips
  • Polymers
  • Glass
  • Silicon
  • Ceramics
  • Others
• Flow & Pressure Sensors
• Flow & Pressure Controllers
• Microfluidic Valves
• Micropumps/Microinjectors
  • Syringe Microinjectors/Micropumps
  • Peristaltic Pumps
  • Pressure Microinjectors/Micropumps
  • Others
• Microfluidic-based-Devices
  • Organ-on-Chip
  • TEER-on-Chip
• Other Components

Application:

• Disease Diagnostics
  • Clinical Diagnostics
  • Point-of-Care Testing
• Pharma & Life Science Research & Manufacturing
  • Genomics
  • Proteomics
  • Drug Discovery & Development
  • Capillary Electrophoresis
  • Others (Micro Reactions, Microdispensing, etc.)
• Others (Forensics, Environmental, Food Safety, and Quality Control)

End User:

• Hospitals
• Diagnostic Centers
• Pharmaceutical & Biotechnology Companies
• Academic & Research Institutes

Region:

• • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

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COMTEX_447845930/2840/2024-02-15T07:05:31