Press release
Lab on Chips Market to Cross US$8.7 bn by 2024
As per the statistics of the TMR report, a revenue valuation of US$8.7 bn has been prophesied to be achieved by the global lab on chips market by the end of 2024 at a 10.7% CAGR for the forecast period 2016–2024. In 2016, the market had secured a US$3.88 bn. By product, instruments had posted a leading 49.1% share in 2016. By geography, North America had recorded a 37.4% share in the same year while taking charge of the market for lab on chips. Both of these markets could continue raking in a superior share in the coming years.
The increasing occurrence of peripheral vascular disorders worldwide has been foreseen to help the world lab on chips market to attain a healthy growth. Besides the metastasizing of infectious diseases across the globe, inflated investments made toward the development of healthcare infrastructure could set the tone for a significant growth in the market for lab on chips.
A probable surge in the demand for lab on chips could be on the cards with the geriatric demographic expected by the World Health Organization (WHO) to double itself in the near future. In this regard, countries around the globe have been projected to increase the application of lab on chips to counter challenges associated with the preparedness to make the most of the demographic shift and guarantee the development of healthcare systems.
Read Report Overview @ https://www.transparencymarketresearch.com/lab-on-chips-market.html
Advantages such as lightweight and compact design and economical price could be key for the burgeoning acceptance of lab on chips microfluidic systems. Furthermore, the growth in the world lab on chips market could be strengthened on the back of the adoption of novel technologies.
Request Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=20261
Quality Issues and Demanding Government Regulations Impede Growth
Regulatory bodies such as the Food and Drug Administration (FDA) in the U.S. and European Medicines Agency (EMA) control approvals related to the efficacy, safety, and quality of medical devices and drugs. Tight regulations enforced by government authorities and quality issues have been envisaged to shrink the growth of the international lab on chips market. This could be supported by the usually expensive and lengthy process of acquiring pre-market approvals. Unreliability, poor assembly of devices, and dependable nature of system components could be other factors hampering the growth of lab on chips.
Request Lab on Chips Market Report Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=20261
However, regions such as Latin America and Asia Pacific have been envisioned to create tangible business prospects in the international lab on chips market due to rife pervasiveness of unmet medical requirements and elevating size of the populations therein. Massive chunks of opportunities have been expected to take shape in the market as government bodies plan to establish innovative models for healthcare delivery and focus on controlling the rise of chronic diseases such as cancer and AIDS.
Buy Full Lab on Chips Market Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=20261<ype=S
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Contact
Transparency Market Research
State Tower
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
TMR Blog: http://www.theglobalhealthnews.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lab on Chips Market to Cross US$8.7 bn by 2024 here
News-ID: 828042 • Views: …
More Releases from Transparecny Market Research
Global Microgrid Controller Market Forecast 2024-2034 - Market Size, Drivers, Tr …
The global microgrid controller market is witnessing significant growth as decentralized energy systems gain traction. Microgrid controllers, the nerve centers of microgrids, manage distributed energy resources (DERs), ensuring efficient energy distribution, storage, and consumption. These systems provide resilience, optimize costs, and integrate renewable energy sources like solar and wind into the grid seamlessly.
The market is projected to grow at a robust compound annual growth rate CAGR 12.8 from 2024 to…
Lithium Tantalate Crystal Market to hit USD 790 million by 2027, Says Transparen …
The Lithium Tantalate Crystal Market has been witnessing a substantial surge from 2019 to 2027, attributed to its diverse applications across various industries. Lithium Tantalate (LiTaO3) crystals find extensive usage in electronics, telecommunications, and optoelectronics owing to their exceptional piezoelectric and electro-optic properties.
Lithium Tantalate Crystal market is expected to reach a valuation of US$ 790 million by the end of the forecast period, which spans from 2019 to 2027. Additionally,…
North America Climbing Gym Market Size & Share to Surpass USD 1.9 billion by 203 …
The global North America Climbing Gym Market (سوق التسلق في أمريكا الشمالية) has been sailing through robust waters, witnessing a valuation of US$ 947.7 million in 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 8.5% from 2023 to 2031. By the end of 2031, the industry is expected…
Multi-functional Printer Market is expected to grow at 7.2% of CAGR through 2023 …
The global Multi-functional Printer Market (複合機市場) has been sailing through robust waters, witnessing a valuation of US$ 31.2 billion in 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 7.2% from 2023 to 2031. By the end of 2031, the industry is expected to anchor at an impressive US$…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview
The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
