Increasing prevalence of cancer and advancements in technology are key factors expected to continue to drive revenue growth of the lab-on-a-chip market going ahead
The global lab-on-a-chip (LOC) market size is expected to reach USD 12.85 Billion at a steady CAGR of 10.6% in 2028, according to latest analysis by Emergen Research. Lab-on-a-chip market revenue growth is being steadily driven by increase in demand for point of care testing, rising prevalence of chronic diseases, and growing application of genomics and proteomics in cancer research. Proteomics is widely adopted for drug discoveries and biomarker. Rise in demand for personalized medicines is further driving Lab-on-a-chip market revenue growth, and the trend is expected to continue going ahead.
The latest market intelligence report, titled ‘Global Lab-on-a-chip Market’, is intended to provide the target audience with the necessary information about the global Lab-on-a-chip industry.
Lab-on-a-chip-based devices are the integration of several disciplines and miniaturization of laboratory procedures. These devices are branching out into additional aspects of healthcare such as stem cell, drug delivery, synthetic biology, and environmental monitoring owing to high level of integration required to develop LOC devices. Chronic diseases are on the rise globally. Rapidly increasing global geriatric population and changes in societal behavior are other factors leading to a steady increase in common and expensive long-term health problems. Adoption of lab-on-a-chip in the diagnosis of chronic diseases and infections are other major factors driving growth of the lab-on-a-chip market.
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In proteomics, lab-on-a-chip offers the opportunity to perform protein analysis. Proteomics also show great potential for protein crystallization, which is an important field that reveals 3D structures of a protein. Application of lab-on-a-chip can help researchers simultaneously control all possible parameters in the fastest way, which enables crystallization of a protein.
Key players in the market include Becton, Dickinson and Company, PerkinElmer, Inc., Bio-Rad Laboratories, Agilent Technologies, Inc., Thermo Fisher Scientific, Siemens Healthcare, Abaxis Inc., Roche Diagnostics, Abbott Laboratories, and Danaher Corporation.
The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Lab-on-a-chip market players.
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The research study presents an industry-wide summary of the Lab-on-a-chip market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Lab-on-a-chip7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.
The Lab-on-a-chip market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.
Emergen Research has segmented the global lab-on-a-chip (LOC) market on the basis of product type, technology, application, end-use, and region:
- Product Type Outlook (Revenue, USD Billion; 2018–2028)
- Reagents & Consumables
- Technology Outlook (Revenue, USD Billion; 2018–2028)
- Application Outlook (Revenue, USD Billion; 2018–2028)
- Drug Discovery
- End-use Outlook (Revenue, USD Billion; 2018–2028)
- Diagnostic Labs
- Biotechnology & Pharmaceutical Companies
- Academic & Research Institutes
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The Lab-on-a-chip industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Geographies Analyzed in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
- What is the growth rate of the Lab-on-a-chip market? What is the anticipated market valuation of the Lab-on-a-chip industry by 2027?
- What are the key growth driving and restraining factors of the Lab-on-a-chip market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Lab-on-a-chip industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
Take a look “Table of Content Lab-on-a-chip market”:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Lab-on-a-chip (LOC) Market Segmentation & Impact Analysis
4.1. Lab-on-a-chip (LOC) Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
188.8.131.52. Increasing incidences of chronic diseases
184.108.40.206. Growing demand for point-of-care testing
220.127.116.11. Rise in application of proteomics and genomics in cancer research
4.2.3. Market restraints analysis
18.104.22.168. Design constraints of lab-on-chip technology
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Lab-on-a-chip (LOC) Market By Product Type Insights & Trends, Revenue (USD Billion)
5.1. Product Type Dynamics & Market Share, 2021 & 2028
5.1.2. Reagents & Consumables
Chapter 6. Lab-on-a-chip (LOC) Market By Technology Insights & Trends, Revenue (USD Billion)
6.1. Technology Dynamics & Market Share, 2021 & 2028
Chapter 7. Lab-on-a-chip (LOC) Market By Application Insights & Trends Revenue (USD Billion)
7.1. Application Dynamics & Market Share, 2021 & 2028
7.1.3. Drug Discovery
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