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Microfluidic Components Market Insights and Industry Outlook, 2030: A $9.1 Billion Opportunity Led by Parker Hannifin Corporation, IDEX Corporation, and Fluigent SA

1. Microfluidic market valued at $5.40 billion in 2024. 2. Expected to grow to $9.10 billion by 2030 with a 9.29% CAGR. 3. Demand for point-of-care diagnostics is a significant driver. 4. North America leads the market with $789 billion R&D spending. 5. Advancements in healthcare technology boost innovation and adoption.

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FAQ

Why Bullish?

Increased market growth prospects can positively influence PH's product offerings and profitability, like previous tech adoption trends enhancing stock prices.

How important is it?

The projections and developments in microfluidics can significantly influence PH's strategic direction and market positioning.

Why Long Term?

Sustained growth in microfluidics can provide long-term benefits for investments, akin to biotech advancements enhancing stock valuations over the years.

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PHIDEXParker HannifinFluigent
Dublin, Feb. 11, 2025 (GLOBE NEWSWIRE) -- The "Microfluidic Components Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F" report has been added to ResearchAndMarkets.com's offering.The Microfluidic Components Market was valued at USD 5.40 Billion in 2024, and is expected to reach USD 9.10 Billion by 2030, rising at a CAGR of 9.29%. The global microfluidic components market has been experiencing remarkable growth in recent years, driven by advancements in healthcare, life sciences, and analytical testing industries.The demand for miniaturized and automated systems in laboratories and point-of-care settings is a major driver for the microfluidic components market. Miniaturization allows for cost-effective and efficient handling of small sample volumes, reducing reagent consumption and improving overall workflow. Microfluidic components play a crucial role in various biomedical applications, such as cell analysis, DNA sequencing, and point-of-care diagnostics. The ability to perform complex biological and chemical analyses on a small scale has led to advancements in personalized medicine and rapid disease detection.Increased funding for research and development activities, particularly in the life sciences and healthcare sectors, has fueled the development of new microfluidic technologies. This has resulted in the creation of innovative products and solutions, driving market growth. The need for rapid and on-site diagnostics has surged, leading to an increased demand for microfluidic components in point-of-care testing devices. These devices offer real-time results, enabling timely medical interventions and improving patient outcomes. Based on Region, North America emerged as the dominant region in the Global Microfluidic Components Market in 2024. North America boasts a robust healthcare system with substantial investments in medical research and technology. The region is home to leading pharmaceutical, biotechnology, and medical device companies that drive innovation and the widespread adoption of microfluidic technologies for diagnostics, drug delivery, and biologics development.Particularly in the U.S., significant investments in research and development have led to continuous advancements in microfluidics, with R&D spending rising by USD 72 billion in 2021 to USD 789 billion, with further increases expected. The region benefits from well-established regulatory standards that facilitate the development and commercialization of microfluidic solutions. Additionally, North America's strong venture capital ecosystem supports emerging companies in the microfluidic space, driving innovation and scalability. These combined factors have established North America as the dominant region in the microfluidic components market, making it a leader in advancing technology and expanding adoption, particularly within the healthcare industry. Market Drivers Rising Demand for Point-of-Care DiagnosticsGrowing Adoption in Environmental Monitoring is Driving the Global Microfluidic Components Market Market Challenge Costs and Scalability Market Trend Technological Advancements Key Players Profiled in the Microfluidic Components Market Parker Hannifin CorporationIDEX CorporationFluigent SAStaiger GmbH & Co. KGSMC CorporationCamozzi Automation Spa Societa UnipersonaleAignep S.p.A.FIM Valvole SrlHumphrey Products CorporationDolomite MicrofluidicsCellix Ltd.Christian Burkert GmbH & Co. KG Report ScopeMicrofluidic Components Market, By Product: Valves (Solenoid Valves, Flow Control Valves, Check Valves, Shuttle Valves, Pressure Relief Valves, Proportional Valves, Other Valves)Flow and Pressure ControllersFlow and Pressure SensorsMicropumpsNozzlesMicroneedlesOthers Microfluidic Components Market, By Industry: Oil & GasHealthcareAerospace & DefenseConsumer ElectronicsAutomotiveOther Industries Microfluidic Components Market, By Region: North AmericaEuropeAsia PacificSouth AmericaMiddle East & Africa Key Attributes Report AttributeDetailsNo. of Pages187Forecast Period2024-2030Estimated Market Value (USD) in 2024$5.4 BillionForecasted Market Value (USD) by 2030$9.1 BillionCompound Annual Growth Rate9.2%Regions CoveredGlobal For more information about this report visit https://www.researchandmarkets.com/r/nfqukx About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Microfluidic Components Market Microfluidic Components Market Microfluidic Components Market

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