Global Lab-On-Chips Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global lab-on-chips market in its upcoming report titled, “Global Lab-on-chips Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global lab-on-chips market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018 to 2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global lab-on-chips market has been segmented on the basis of product type, application, end-user, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Lab-on-chip (LOC) is an automated miniaturized laboratory system or device used for different clinical applications such as measurements of blood gases, blood glucose, and counting the number of HIV cells. LOC integrates different forms of analyses such as chemical synthesis, biochemical operations, and DNA sequencing onto a single chip. Optimization of these biochemical operations have resulted in cost efficient along with improved diagnostic speed. Lab-on-chip device is capable of scaling function down to chip-format where size of chip ranges from millimeters to a few square centimeters, and are capable of handling extremely small fluid volumes down to less than pico liters. Research has shown that various applications based on LOC are emerging rapidly.

Growing adoption of lab-on-chip devices in healthcare sector for various applications such as diagnosis of infections and diseases such as HIV infections and chronic disease is a major factor expected to drive growth of the global lab-on-chip market over the forecast period. In addition, rising demand for lab-on-chip devices across the globe, owing to its excellent features such as easy portability, automated sample handling, and re-configurability, is another factor expected to propel growth of the target market in the near future. Furthermore, increasing prevalence of cancer is a factor expected to drive the global lab-on-chip market over the forecast period. Also, rising demand for LOC devices, owing to their capability of point-of-care diagnosis as they provide fast diagnosis results is another factor expected to boost growth of the target market in the near future.

However, limited technical knowledge related to lab-on-chip device fabrication and design on a small scale that are functional as well as cost-effective is a major factor expected to limit growth of the global lab-on-chip market over the forecast period. Also, availability of alternatives is another factor expected to limit growth of the target market in the near future.

Currently, market in North America accounts for highest market share in the global lab-on-chips market in terms of revenue. This can be attributed to rising demand for LOC devices, owing to large number of ageing population in the region. The markets in Asia and Europe are expected to witness significant growth over the forecast period, owing to increasing research and development investment, large pool of patients, and rising government funding in the region. Also the market in North America is expected to register a CAGR of X.X% during the forecast period.

Global lab-on-chips market segmentation:

By product type:

• Instruments
• Reagents and consumables
• Software and services

By application:

• Genomics and proteomics
• Diagnostics
• Drug Discovery

By end-user:

• Hospitals
• Academic and Research Institute
• Diagnostic labs
• Homecare settingsTop of Form

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa