UK Microfluidics Market Size & Outlook, 2023-2030
UK microfluidics market, 2018-2030 (US$M)
Related Markets
UK microfluidics market highlights
- The UK microfluidics market generated a revenue of USD 940.9 million in 2023 and is expected to reach USD 2,044.8 million by 2030.
- The UK market is expected to grow at a CAGR of 11.7% 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 940.9 million |
| Market revenue in 2030 | USD 2,044.8 million |
| Growth rate | 11.7% (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, UK accounted for 2.9% 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 Europe, Germany microfluidics market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 1,541.1 million by 2030.
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Microfluidics Market Scope
Microfluidics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 UK microfluidics market based on medical, non-medical covering the revenue growth of each sub-segment from 2018 to 2030.
Microfluidics fabrication is expensive, and prototyping is slow. There is a need for a device that can allow fabrication at a higher speed and untangle the route in microfluidics devices. Traditionally, microfluidics structures were created from injection molding, 3D printing, and micro bonding/milling.
With advancements, Selective Laser Sintering (SLS) printers and Stereolithography (SLA) printers were used to produce these devices. However, these technologies had disadvantages. For instance, injection molding is a two-step process and takes about a week while SLS and SLA is a three-step process. Companies in the UK are expanding their product portfolio of microfluidic components.
For instance, Dolomite Microfluidics a UK-based company operating as a brand of Blacktrace Holdings Ltd. offers a diverse range of microfluidic components. These are inclusive of microfluidic chips, pumps, sensors, connectors, droplet tools, and specialist chemicals. In April 2022, Blacktrace Holdings Ltd announced the launch of Particle Works, a particle engineering brand.
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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 country-level data and insights on the UK microfluidics market , including forecasts for subscribers. This country databook contains high-level insights into UK microfluidics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK microfluidics market size, by technology, 2018-2030 (US$M)
UK Microfluidics Market Outlook Share, 2023 & 2030 (US$M)
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