Lab on Chips Market worth US$8.7 bn by the end of 2024

Global Lab on Chips Market: Companies Garner Opportunities to Swell Demand from Developing Prevalence of Infections, says TMR

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.

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The Global Lab on Chips Market is segmented on the basis of expression system, product type,by Geography, application, end user and region.

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In terms of product, the global lab on chips market can be classified into reagents, instruments, and consumables. Of these, instruments emerged dominant in the global lab chips market in terms of revenue. In 2016 the segment held over 45% of the market on account of the high acceptance of microfluidic products in industries and labs. Besides this, growth witnessed in the reagents and consumables segments is prophesized to rise at a favorable pace.

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.

Regionally, North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa constitute the key market segments. Among these, the year 2016 saw North America emerging as the leading segment, trailed closely by Europe. Despite the early adopter advantage of North America, the market is expected to witness riper opportunities in Asia Pacific. TMR forecasts the lab on chips market in Asia Pacific to register an impressive 12.3% CAGR during the forecast period.

Summary of Table of Content:

1.Preface
2.Assumptions and Research Methodology
3.Executive Summary
4.Market Overview
5.Market Dynamics6.Global Lab-on-chip Market Analysis, By Product
7.Global Lab on chips Market Analysis, by Applications
8.Global Lab on chips Market Analysis, by End User
9.Global Lab on Chips Market Analysis, by Region
10.North America Lab on Chips Market Analysis
11.Europe Lab on Chips Market Analysis
12.Asia Pacific Lab on Chips Market Analysis
13.Latin America Lab on Chips Market Analysis
14.Middle East & Africa Lab on Chips Market Analysis
15.Competition Landscape 16.Company Profiles

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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.

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