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Global lab-on-a-chip Market

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Lab-on-a-chip (LoC) integrates different forms of analyses such as chemical synthesis, biochemical operations, and DNA sequencing onto a single chip.
Global lab-on-a-chip Market Future Outlook Reveals
Growth by 2025 Appraised By Global Players Takara Bio
Inc., Nobel Biocare Services AG, Bio-Rad Laboratories
Inc.
Lab-on-a-chip (LoC) integrates different forms of analyses such as chemical synthesis,
biochemical operations, and DNA sequencing onto a single chip. Miniaturization and
optimization of these biochemical operations have resulted in cost efficiency and improved
diagnostic speed. Moreover, LoC is a device that is capable of scaling single or multiple
laboratory functions down to chip-format, where the size of chip ranges from millimeters to a
few square centimeters. LoC is mainly the integration of electronics, fluidics, optics, and
biosensors.
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Increasing application of LoC in the medical field to diagnose various infections and diseases
such HIV infections, chronic disease and in the field of botany is gaining traction. This is
expected to drive growth of the market. Demand for LoC devices is high, owing to its features
such as easy portability, automated sample handling, and re-configurability. LoC devices are
suitable for point-of-care diagnosis as they provide fast and on-time diagnosis results. This is
another factor expected to support growth of the market.
The microfluidic LoCs have great potential to revolutionize
potential to boost the growth of healthcare sector, as the
miniaturization, integration, and automation of biochemical
device over traditional tests in research laboratories and
discovery.
the biomedical field and has the
microfluidic platforms enable the
assays, favoring the lab-on-a-chip
pharmaceutical industry for drug
The global lab-on-a-chip market was valued at US$ 4.09 Bn in 2016 and is expected to witness
a robust CAGR of 10.8% during the forecast period (2017 – 2025).
Report includes chapters which deeply display the following deliverable about industry :
• Global lab-on-a-chip Market Research Objective and Assumption
• Global lab-on-a-chip Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Global lab-on-a-chip Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals,
Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Global lab-on-a-chip Market, By Regions
• Global lab-on-a-chip Market Competition by Manufacturers including Production, Share,
Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Global lab-on-a-chip Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Global lab-on-a-chip Market Manufacturing Cost Analysis including Key Raw Materials and
Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Global lab-on-a-chip Market Forecast including Production, Consumption, Import and Export
Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Market Dynamics
Increasing adoption of lab-on-a-chip technology in North America is expected to boost the labon-a-chip market. The trend of single combined test over the numerous of test for various
application favors the lab-on-a-chip market. The innovation carried out by manufacturer’s and
researchers acts as a dynamic factor of lab-on-chip market. For instance, in August 2017,
researchers in the engineering and chemistry departments of Brigham Young University in Utah
developed a 3D printed lab-on-a-chip device to achieve true microfluidic flow.
Increasing incidence of malaria also leads to increasing demand for lab-on-a-chip PCR diagnostic
method. Whereas, for the most common and chronic disease, such as Tuberculosis, the World
Health Organization (WHO) has endorsed the specific molecular diagnostic technique in year
2010 to result in improvement of fast diagnosis.
Increasing number of diagnosis test are expected to drive the growth of Lab-on-A-Chip Market
North America accounts for the largest share in the global lab-On-A-Chip market, followed by
Europe. This mainly is attributed to research and advancement in technology and wide
acceptance of the lab-on-a-chip technology in the field of research and pharmaceutical company
for drug discovery process and for diagnosis test. According to World Health Organization
(WHO), in 2015, nearly half of the world's population were at risk of malaria and around 212
million malaria cases were reported, which in turn favors the growth of lab-on-a-chip market as
malaria can be diagnosed by the lab-on-a-chip device. The lab-on-a-chip market is expected to
show high growth rate in Asia Pacific region over the forecast period supported by increasing
population prone to viral disease. According to Joint United Nations Programme on HIV/AIDS
(UNAIDS) reports 2013, in Asia Pacific region more than 350,000 people were infected with HIV
with nearly 5 million living with HIV/AIDS, which in turn is expected to propel the market
growth in Asia Pacific region.
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Global Players:
Some of the major players operating in the Lab-On-Chip market includes Takara Bio Inc., Nobel
Biocare Services AG, Bio-Rad Laboratories Inc., PerkinElmer Inc., and Cepheid Inc.
About Coherent Market Insights
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analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
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Author
Alex Huge
Alex Huge301   document Email
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