There has been a significant development in the field of microfluidics in recent years, which has led to a maturing of the technology and growth in applications and products.Today, microfluidic devices are present in several health care applications, ranging from diagnostics to analytics to drug discovery, formulation, and delivery. However, the advantages and motivations for adopting microfluidic technologies are highly-dependent on the targeted application, leading to a large number of undifferentiated small players developing unique designs and devices. Our assessment of the microfluidics industry suggests a large degree of fragmentation in the value chain. For our clients to better understand the way the microfluidics industry will potentially develop, Lux Research thinks the path is to first have a better understanding of the current value chains.
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