In this paper, we present the computational fluid dynamics (CFD) simulations of bubble transport in a first generation bifurcating microchannel. In the present study, the human arteriole is modeled as a two-dimensional (2D) rectangular bifurcating microchannel. The microchannel is filled with blood and a single perfluorocarbon (PFC) bubble is introduced in the parent channel. The simulations are carried out to identify the lodging and dislodging pressures for two nondimensional bubble sizes, Ld (ratio of the dimensional bubble length to the parent tube diameter), that is for Ld = 1 and Ld = 2. Subsequently, the bubble transport and splitting behavior due to the presence of symmetry and asymmetry in the daughter channels of the microchannel is studied for these bubble sizes. The splitting behavior of the bubble under the effect of gravity is also assessed and reported here. For the symmetric bifurcation model, the splitting ratio (SR) (ratio of bubble volume in bottom daughter channel to bubble volume in top daughter channel), of the bubble was found to be 1. For the asymmetric model, the splitting ratio was found to be less than 1. The loss in the bubble volume in the asymmetric model was attributed to surface tension effects and the resistance offered by the flow, which led to the bubble sticking and sliding along the walls of the channel. With the increase in roll angle, Φ (angle which the plane makes with the horizontal to study the effects of gravity), there was a decline in the splitting ratio.