Lab-On-A-Chip Market - Increasing Number Of Applications Are Expected To Fuel The Growth By 2025 With The Help Of Global Top Players - Takara Bio Inc., Nobel Biocare Services Ag, Bio-Rad Laboratories Inc., Perkinelmer Inc., And Cepheid Inc.

Coherent Market Insights has announced the addition of the “Global Lab-On-A-Chip Market Size, Status and Forecast 2025”, The report classifies the Global Lab-On-A-Chip Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

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.

The Lab-On-A-Chip market is mostly influenced by its size and faster completion of clinical translations. Advancement in the technology and technique for diagnosis of pathogen based disease are expected to favor the lab-on-a-chip market. Due to the miniaturization of biochemical operations, better diagnostic speed, cost efficiency, ergonomy, sensitivity and so on can be achieved in lab-on-a-chip device. The biomedical applications of LoC in different fields like in diagnostics, cellomics, in environmental studies to control the effect of pathogens, to check the food quality such as for the detection of various antibiotic families in raw milk favor the growth of lab-on-a-chip market.

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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 the biomedical field and has the potential to boost the growth of healthcare sector, as the microfluidic platforms enable the miniaturization, integration, and automation of biochemical assays, favoring the lab-on-a-chip device over traditional tests in research laboratories and pharmaceutical industry for drug discovery.

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).

Detailed Segmentation:

Global Lab-on-a-chip Market, By Product Type:
Reagents and Consumables
Software
Instruments

Global Lab-on-a-chip Market, By Application:
Genomics
Proteomics
Diagnostics
Drug Discovery

Global Lab-on-a-chip Market, By Technology:
Microarrays
Microfluidics

Global Lab-on-a-chip Market, By End User:
Hospitals
Diagnostic Labs
Academic and Research Institutes
Biotechnology and Pharmaceutical Companies

Global lab-on-a-chip market, By Geography:
North America
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
North Africa
Central Africa
South Africa
Company Profiles
Takara Bio Inc.

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This release was published on openPR.