Global lab-on-a-chip Market Inclinations & Development Status Highlighted During Forecast Period 2025 Appraised By Global Players Takara Bio Inc., Nobel Biocare Services AG, Bio-Rad Laboratories Inc., PerkinElmer Inc., and Cepheid 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 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).

Increasing Number Of Applications Are Expected To Fuel The Growth Of Lab-On-A-Chip Market In Near Future

Immunoassay LoC for bacteria detection, real time PCR detection chips, DNA chip, gene chip, cellular analysis chip, and flow cytometer LoC (for HIV) are some of the applications of LoC technology in the biomedical field, as the LoC method results in less energy consumption with fast synthesis of the results, which paves the way for faster clinical translation, supporting the growth of lab-on-a-chip market. Recent advances in the field of computational simulations have made possible to synthesize the inorganic nanomaterials-based on nanomedicine in a single construct using LoC technology, which is useful for theranostic applications. This new field of medicine combines specific targeted therapy based on specific targeted diagnostic tests.

LoC devices are also used for the biomarker-based identification and early detection of oral cancer, which helps improve survival rate, and in turn favors growth of the lab-on-a-chip market. According to Center of Disease and Prevention in 2012, there were nearly 40,000 new cases of cancer of the oral cavity and pharynx diagnosed in the United States and nearly 9,000 deaths.

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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.

Global Key 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.

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
Europe
Asia Pacific
Latin America
Middle East
Africa

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