Japan Microfluidics Market Size & Outlook, 2023-2030
Japan microfluidics market, 2018-2030 (US$M)
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Japan microfluidics market highlights
- The Japan microfluidics market generated a revenue of USD 2,782.4 million in 2023 and is expected to reach USD 7,814.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 15.9% 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 2,782.4 million |
| Market revenue in 2030 | USD 7,814.8 million |
| Growth rate | 15.9% (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, Japan accounted for 8.7% 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 |
|---|
Japan 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 84.1% in 2023. Horizon Databook has segmented the Japan microfluidics market based on medical, non-medical covering the revenue growth of each sub-segment from 2018 to 2030.
Early detection is crucial in the treatment of diseases. For instance, at an early stage, cancer releases microRNAs, which can be easily detected. In such cases, biomarkers help in early diagnosis long before the symptoms are apparent. Investigators at Kyoto University’s Institute for Integrated Cell-Material Sciences attempted microfluidic fabrication from a different direction and came up with an advanced process to manufacture devices with some unique advantages and properties. Japan has institutes such as the Institute of Microchemical Technology and Labcyte Japan engaged in the field of microfluidics. IMT is a supplier of customized microfluidic chip whereas YMC specializes in micro-reactors. In October 2021, National Tsing Hua University and DAICEL announced a five-year joint venture to incorporate an advanced microfluidic system developed by an NTHU researcher into the chemical manufacturing industry. Overall investment in the venture is 450 million Japanese Yen, and its capability to reduce energy consumption while reducing the production of waste and carbon was anticipated to set a new benchmark for sustainability in the chemical industry.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan microfluidics market , including forecasts for subscribers. This country databook contains high-level insights into Japan microfluidics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan microfluidics market size, by technology, 2018-2030 (US$M)
Japan Microfluidics Market Outlook Share, 2023 & 2030 (US$M)
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