India Microfluidics Market to Witness Robust Growth until 2025

Launch of microfluidics-based 3D cell culture systems to drive India microfluidics market

According to TechSci Research report, “India Microfluidics Market By Component Type (Microfluidic Chips, Microfluidic Sensors, Microfluidic Pumps, Microneedles, Others), By Material (Polymer, Glass, Silicon, PDMS, Other), By Application (In Vitro diagnostics (Point-of-Care Testing, Clinical Diagnostics, Environmental Testing, Industrial Testing, Agro Food Testing), Pharmaceutical Research (Lab Analytics, Microdispensing, Microreaction), Drug Delivery (Inhaler Nozzles, Microneedles, Micropumps), By Region, Forecast & Opportunities, 2025”, the market is anticipated to witness robust growth during the forecast period owing to technological advancements in healthcare sector including development of advanced lab-on-a-chip technologies. The market is also witnessing surging demand for point-of-care testing and in-vitro diagnostics, which are acting as key growth drivers for India microfluidics market. Moreover, development of advanced lab-on-a-chip technologies and high-throughput screening methodologies are key growth drivers for the market. Additionally, with growing focus on data precision & accuracy, the market is expected to grow further over the coming years.

Additionally, the advantages offered by microfluidics including fast returns on investment and rapid testing are fueling the growth of this market in India. Launch of microfluidics-based 3D cell culture systems like organ-on-a-chip has led to spike in demand for microfluidics in the country. Also, growing application of drug delivery technologies is acting as major growth factor for India microfluidics market.

However, the market might also face some restrains. Stringent regulatory framework for approval of microfluidics devices might pose as a challenge before manufacturers. Moreover, high price of integrated systems and microfluidics sensors might limit the market growth in India.

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The India microfluidics market is segmented based on component type, material, application, sector, end user and region. Based on application, the market is segmented into in vitro diagnostics, pharmaceutical research and drug delivery. The in vitro diagnostics segment is further split into point-of-care testing, clinical diagnostics, environmental testing, industrial testing and agro food testing. Moreover, the pharmaceutical research segment is categorized into lab analytics, microdispensing, microreaction and drug delivery segment is categorized into inhaler nozzles, microneedles and micropumps. Among them, the in vitro diagnostics segment is expected to witness highest growth in India through 2025 owing to high demand for point-of-care testing and increasing adoption of microfluidic techniques in laboratory analytical testing.

Based on end user, India microfluidics market is categorized into hospitals, industrial R&D, research laboratories and academia. Among them, the hospital segment is anticipated to witness fastest growth during the forecast period due to growing adoption of microfluidic techniques in hospitals for rapid diagnosis of various chronic diseases. Also, microfluidics provides closer monitoring and faster diagnosis, which is leading to high demand from hospital segment.

Major players operating in the India microfluidics market include Parker-Hannifin Corporation, SMS Corporation, Becton Dickinson Pvt Ltd, Roche Diagnostics India Private Limited, Bio-Rad laboratories India Pvt.Ltd, Murata Manufacturing Co Ltd, Danaher Corporation, Thermo Fisher Scientific Inc, Perkin Elmer Inc and Abbott Laboratories. The companies are focusing on developing new products through extensive R&D activities.

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“The thriving healthcare sector in India is providing huge growth opportunities for microfluidics companies. The country is witnessing increasing prevalence of chronic diseases and with this, the government is increasing investment on healthcare, thereby making India a lucrative market for microfluidics manufacturers. With demand for high-quality research tools for data reproducibility, the market is expected to undergo a rapid growth in the coming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Microfluidics Market By Component Type (Microfluidic Chips, Microfluidic Sensors, Microfluidic Pumps, Microneedles, Others), By Material (Polymer, Glass, Silicon, PDMS, Other), By Application (In Vitro diagnostics (Point-of-Care Testing, Clinical Diagnostics, Environmental Testing, Industrial Testing, Agro Food Testing), Pharmaceutical Research (Lab Analytics, Microdispensing, Microreaction), Drug Delivery (Inhaler Nozzles, Microneedles, Micropumps), By Region, Forecast & Opportunities, 2025”has evaluated the future growth potential of India microfluidics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India microfluidics market.

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