Asia Pacific Microfluidics Market Size & Outlook
Asia Pacific microfluidics market, 2018-2030 (US$M)
Related Markets
Asia Pacific microfluidics market highlights
- The Asia Pacific microfluidics market generated a revenue of USD 6,391.5 million in 2023.
- The market is expected to grow at a CAGR of 16.1% from 2024 to 2030.
- In terms of segment, medical was the largest revenue generating technology in 2023.
- Medical is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 6,391.5 million |
| Market revenue in 2030 | USD 18,147.5 million |
| Growth rate | 16.1% (CAGR from 2023 to 2030) |
| Largest segment | Medical |
| Fastest growing segment | Medical |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medical, Non-Medical |
| Key market players worldwide | Illumina Inc, Roche Holding AG ADR, PerkinElmer, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Danaher Corp, Abbott Laboratories, Thermo Fisher Scientific Inc, Standard BioTools Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 19.9% of the global microfluidics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 18,147.5 million by 2030.
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Microfluidics Market Scope
Microfluidics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific microfluidics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microfluidics market will help companies and investors design strategic landscapes.
Medical was the largest segment with a revenue share of 84.11% in 2023. Horizon Databook has segmented the Asia Pacific microfluidics market based on medical, non-medical covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is the fastest growing market owing to sophisticated research infrastructure, developing economy, and affordable labor. International players are keen on investing in untapped APAC market. The market for diagnostic tests based on microfluidic is majorly dominated by foreign players, however, key players in the region are proposing innovative and interesting solutions in terms of performance, and more significantly in terms of price, which can allow them to boost their market share in the coming years.
The Government in China has set up a strategic plan to broadly enhance the local industry and make the country an important player. This plan, named Made in China 2025, incorporates a focus on medical devices and pharmaceuticals. As a vital tool for life sciences and diagnostics applications, microfluidic technology is expected to benefit the money spent in the perspective of this strategic plan.
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Target buyers of Asia Pacific microfluidics market databook
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Our clientele includes a mix of microfluidics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific microfluidics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific microfluidics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific microfluidics market size, by country, 2018-2030 (US$M)
Asia Pacific Microfluidics Market Outlook Share, 2023 & 2030 (US$M)
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