Yole Report -Status of the Microfluidics Industry 2017
Microfluidic technologies have finally found sweet spots and there are already credible options for the next upsurge. This new Yole Development report provides a comlete analysis of microfluidic device/product applications, market and technologies. 1. New major trends and evolutions in the microfluidics industry and markets 2. Analysis of strategic moves since 2015 3. New microfluidics players/foundries - 2016 ranking 4. Updated market data and forecast up to 2022, in value and units for microfluidic devices and products 5. Current supply chain More information, such as content, tables and sample report can be founded on i-Micronews.
Microfluidic technologies have been around for a while, but only in the last few years have certain applications started benefiting from microfluidic breakthroughs. First, next-generation sequencing (NGS) found new possibilities enabled by microfluidics; next, in 2014/2015, point-of-care (PoC) testing (especially molecular diagnostics for decentralized use) began reaping microfluidic technologies’ full benefits. These applications are still driving the microfluidics industry’s growth and structure.
In this Status of the Microfluidics Industry report, Yole Développement announces a $2.5B microfluidic device market in 2017 and forecasts a $5.8B market by 2022 (CAGR2017-2022 = 18%). From microfluidic devices like manufactured chips, delivery tools, and dispensers, microfluidic-based products (i.e. diagnostic tests with reagents, vaccines, and cartridges) are provided to end-users, offering numerous possibilities.
The industry’s growth is not surprising, given the high demand from end-users for increasingly automated, integrated, miniaturized solutions. And the microfluidics industry could experience additional growth booms in the next few years. In particular, cancer diagnostics, treatment planning, and follow-up look extremely promising with the increased use of microfluidic technologies at sample preparation level (isolation of circulating tumor cells and DNA in liquid biopsies) and at diagnostics level (molecular diagnostics for oncology for the analysis of these cells and DNA molecules). Organs-on-chisp is another microfluidics application with the potential to become a multi-billion-dollar market, enabling more predictive models for drug and compound testing. There is no doubt these emerging applications will drive the market’s continuous growth over the next decade, especially with a myriad of startups emerging and proposing innovative microfluidic solutions to solve today’s and tomorrow’s major issues.
LARGE DIAGNOSTICS COMPANIES ARE RACING TO ACQUIRE THE MOST PROMISING MICROFLUIDIC COMPANIES. MEANWHILE, MORE AND MORE STARTUPS EMERGE.
Alongside these innovative startups walk the diagnostics giants. They usually propose a few, often successful microfluidic solutions within their immense portfolio: Abbott, Alere, bioMérieux, and Roche have all witnessed growth in at least one of their segments, driven by a microfluidic solution. These success stories result from a solid industry structuration over the past few years: among the numerous companies developing microfluidic-based products, the most promising ones are often acquired by the large diagnostics companies. This was the case for some of molecular diagnostics’ most innovative players: IQuum and BioFire, and more recently Cepheid and Nanosphere, were all acquired by much larger companies. In this context, Yole’s analysts have identified $25B in M&A across the microfluidics industry since 2015. This has created a virtuous circle: the most promising/most successful startups are acquired or become large players themselves, and investors are eager to put money into the ever-growing number of newcomers leveraging microfluidic technologies and know-how.
This report includes a detailed analysis of the $965M invested in microfluidic companies since 2015, as identified by Yole.
THE INDUSTRY’S SWIFT MATURATION HAS PROFOUNDLY IMPACTED THE ENTIRE SUPPLY CHAIN
Microfluidic technologies’ maturation and their increased use within the industry has impacted supply chain structure. Which diagnostics companies are producing their microfluidic devices in-house, which ones are outsourcing, and why? What is the cost of goods sold? Yole’s analysts have investigated these critical points, and their findings are revealed in this report.
Cost pressure is often very high for microfluidic device manufacturers trying to diversify their capabilities in order to generate higher value for their customers. Back-end processing, materials combination and reagent deposition are the points of improvement, rather than manufacturing processes, which have not changed much recently. Depending on the application, different materials are used: polymer, glass, and silicon devices have different properties and are rarely produced by the same players. Low-cost diagnostics disposables are made of polymer, whereas glass and silicon are used in higher-end applications where superior precision and quality are required.
This report furnishes a detailed material mix analysis per application, along with complete supply chain information: who is producing what, and for who?
WHAT’S NEW
- Coverage of all major trends and evolutions in the microfluidics industry and markets
- Updated market data and forecasts to 2022, in value and units for microfluidic devices and products
- Analysis of strategic moves (M&A, collaborations, fundraising) since 2015
- Top microfluidic players/foundries – 2016 rankings
- Updated information, by microfluidic market segment
- Review of new, promising applications for microfluidic technologies
- Current supply chain
OBJECTIVES OF THE REPORT
This report’s objectives are to:
- This new Yole Développement report provides a complete analysis of microfluidic device/product applications, markets, and technologies:
- New major trends and evolutions in the microfluidics industry and markets
- Analysis of strategic moves since 2015
- New microfluidics players/foundries – 2016 ranking
- Updated market data and forecast up to 2022, in value and units for microfluidic devices and products
- Current supply chain
- In order to better understand how value is spread across the supply chain, this report covers both the microfluidics device and product markets
- Market trends and main players are presented for each product category, via an exclusive market segmentation
- An exhaustive analysis is provided of the materials and manufacturing processes in various microfluidic segments
- Also offered is a presentation of new, promising applications for microfluidic technologies
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