Press release
Lab on Chips Market in Diagnostic Sector is Projected to Witness Immense Growth By 2025
Lab on Chips Market
A high degree of parallelization of these diagnostic devices is driving the lab on chips market growth. The capacity of the device to integrate micro-channels allows the analysis of several tests to be performed simultaneously on the same chip. It allows the doctors to track the diseases during the consultation to prescribe the best-suited antibiotic remedy or anti-viral medicine. The adoption of these devices in the healthcare sector is growing rapidly to provide instant diagnostic report to the patients, thereby saving their time and money. This high throughput analysis offered by these devices is propelling the market.
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These devices offer an economical solution for health diagnosis and monitoring, driving the lab on chips market growth. These systems allow the use of a single sample to perform diagnosis for multiple diseases, providing easy and economical medical analysis. Flow of samples used can be precisely controlled with external pumps and valves, simplifying the analysis process. The market is witnessing steady growth as these devices are cost-efficient and do not require additional expenditure on electricity, use of chemical additives, and refrigeration.
Lab on Chips industry By Product
• Instruments
• Reagents and Consumables
• Software and Services
Lab on Chips Market By Application
• Genomics & Proteomics
• Diagnostics
• Drug discovery
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The lab on chips market is witnessing high growth due to increased mobility of the devices that allow doctors to serve their patients from a distant location. lab on chips devices are being deployed in remote areas, such as several medical camps and villages, where healthcare equipment & services are limited for diagnosing diseases rapidly. The mobility of these systems allows the doctors to provide medical aid to the patients wherever and whenever it is needed.
The North America lab on chips market is expected to witness high growth due to the rapid technological adoption and availability of these devices in the region. The efficient diagnostic & healthcare service in the region is the major factor responsible for the adoption of advanced medical solutions. Countries including the U.S. and Canada are experiencing high adoption of such devices due to the substantial growth of the healthcare industry. Moreover, the presence of the major players offering such advanced devices in the region is expected to drive the market growth. For instance, Sensoreal Inc. is a Canada-based company that provides point-of-care devices for a broad range of applications.
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