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.
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.
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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.
The report is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.
Report Objective:
The report offers a complete analysis of the global Lab-on-a-chip (LOC) market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as MA acquisition, partnerships, joint ventures, license agreements, and collaborations. 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 and others are some of the top companies profiled in the report.
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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)
Software
Reagents Consumables
Instruments
Technology Outlook (Revenue, USD Billion; 2018–2028)
Microarrays
Microfluidics
Application Outlook (Revenue, USD Billion; 2018–2028)
Proteomics
Genomics
Drug Discovery
Diagnostics
End-use Outlook (Revenue, USD Billion; 2018–2028)
Diagnostic Labs
Hospitals
Biotechnology Pharmaceutical Companies
Academic Research Institutes
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Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
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
Radical Features of the Lab-on-a-chip (LOC) Market Report:
The report encompasses Lab-on-a-chip (LOC) Market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
Supply chain analysis along with technological advancements offered in the report
The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Life and Pensions Business Process Outsourcing (BPO) industry
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