India Microfluidics Market Size & Outlook, 2023-2030
India microfluidics market, 2018-2030 (US$M)
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India microfluidics market highlights
- The India microfluidics market generated a revenue of USD 955.5 million in 2023 and is expected to reach USD 2,762.3 million by 2030.
- The India market is expected to grow at a CAGR of 16.4% 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 955.5 million |
| Market revenue in 2030 | USD 2,762.3 million |
| Growth rate | 16.4% (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, India accounted for 3.0% 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 |
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India 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 84.12% in 2023. Horizon Databook has segmented the India microfluidics market based on medical, non-medical covering the revenue growth of each sub-segment from 2018 to 2030.
The field of microfluidics is emerging in the country and has a huge potential. Moreover, India has been termed as a strategic area of investment by the European Commission. In November 2001, the Joint Action Plan was signed to create infrastructure for advanced research and design funding system. The Europe-India Science and Technology Agreement lacked relevant framework and cooperation between the two countries. NEW INDIGO was formed to help fill these gaps. Research institutes in India are exploring combination of microfluidic technologies that can enhance biological analysis. For instance, in 2017, researchers at Indian Institute of Science (Bangalore) demonstrated Imaging Flow Cytometry (IFC) technique that combines flow cytometry and digital microscopy principles for imaging and analysis of RBCs that flow through microfluidic channels. Similar concept was used to design a microfluidic device to perform malaria diagnosis within 30 minutes.
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Our clientele includes a mix of microfluidics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India microfluidics market , including forecasts for subscribers. This country databook contains high-level insights into India microfluidics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India microfluidics market size, by technology, 2018-2030 (US$M)
India Microfluidics Market Outlook Share, 2023 & 2030 (US$M)
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