China Microfluidics Market Size & Outlook, 2023-2030
China microfluidics market, 2018-2030 (US$M)
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China microfluidics market highlights
- The China microfluidics market generated a revenue of USD 1,437.7 million in 2023 and is expected to reach USD 4,436.3 million by 2030.
- The China market is expected to grow at a CAGR of 17.5% 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.
Microfluidics market data book summary
| Market revenue in 2023 | USD 1,437.7 million |
| Market revenue in 2030 | USD 4,436.3 million |
| Growth rate | 17.5% (CAGR from 2023 to 2030) |
| Largest segment | Medical |
| Fastest growing segment | Medical |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 4.5% of the global microfluidics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan microfluidics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,436.3 million by 2030.
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Microfluidics Market Scope
Microfluidics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 China microfluidics market based on medical, non-medical covering the revenue growth of each sub-segment from 2018 to 2030.
The market for medical diagnostics, high throughput screening, and bio-sensing is growing in China owing to increasing government support for advanced infrastructure and strong intellectual property right ownership.
The other driving factor is the ever-increasing need for healthcare services, which increased the demand for medical diagnostics. Being a developing country, China has huge potential for microfluidics market. Improved economic conditions also drive investments in the field of diagnostics.
Since 2005, China has the highest number of research papers published with microfluidics as a keyword. Moreover, rapidly growing diagnostics market and collaborations or acquisitions of international companies with domestic players is expected to boost the market growth.
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Our clientele includes a mix of microfluidics market companies, investment firms, advisory firms & academic institutions.
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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 country-level data and insights on the China microfluidics market , including forecasts for subscribers. This country databook contains high-level insights into China microfluidics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China microfluidics market size, by technology, 2018-2030 (US$M)
China Microfluidics Market Outlook Share, 2023 & 2030 (US$M)
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