Lab-on-a-chip Market is expected to witness a CAGR of 10.5% And estimated to surpass US$ 11,488.6 Million by 2028 | Becton, Dickinson And Company, Agilent Technologies Inc

Market Overview

Lab-on-a-chip (LoC) incorporates various types of analyses including biochemical operations, chemical syntheses, and DNA sequencing on a single chip. Miniaturizing these biochemical operations as made them cost-efficient, while improved their diagnostic speed. LoC can scale single or numerous laboratory functions down to chip format. These chip sizes range from millimeters to a few square centimeters. LoC is mainly the integration of electronics, fluidics, optics, and biosensors.

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Growing applications of LoC across the medical sector to diagnose various infectious and diseases including chronic diseases, HIV infections, etc. is expected to drive growth of the global lab-on-a-chip market during the forecast period. The demand for LoC devices is extremely highly due to its features such as re-configurability, automated sample handling, and easy portability.

The microfluidic LoCs has massive potential that can revolutionize the biomedical field and accelerate 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 size was valued at US$ 5,175.4 million in 2019, and is expected to witness a CAGR of 10.5% over the forecast period (2019 – 2027).

Market Drivers

Increasing adoption of LoC in various applications is expected to drive growth of the global lab-on-a-chip market during the forecast period

Some of the most common applications of LoC are real time PCR detection chips, DNA chip, gene chip, cellular analysis chip, bacteria detection, and flow cytometer LoC (for HIV). LoC method results have less energy consumption with rapid synthesis of the results, rendering faster clinical translation. Technological advancements in the field of computational simulation has enabled scientists 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.

Moreover, LoC devices are widely used for biomarker-based identification and detection of oral cancer, thereby improving the survival rate. According to World Health Organization (WHO) in 2017, there were nearly 657,000 new cases of cancer of the oral cavity and pharynx diagnosed each year and nearly 330,000 deaths globally.

Market Restraints

High initial procurement cost and low awareness regarding the benefits of LoC devices is expected to hinder the global lab-on-a-chip market growth over the forecast period.

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Regional Insights

The global lab-on-a-chip market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among regions, North America accounts the largest share in the global lab-on-a-chip market. This is owing to growing prevalence of infectious diseases in the region. According to Centers for Disease Control and Prevention (CDC) in 2017, the number of tuberculosis and salmonella cases were 9,105 and 54,285 respectively in the U.S.

Furthermore, Asia Pacific is expected to register the fastest growth, owing to growing population prone to viral diseases. According to Joint United Nations Programme on HIV/AIDS (UNAIDS) reports 2013, in Asia Pacific more than 350,000 people were infected with HIV with around 5 million living with HIV/AIDS, which in turn is expected to propel the market growth in Asia Pacific region.

Competitive Section

Major players operating in the global Lab-on-a-chip Market include Becton, Dickinson And Company, Agilent Technologies Inc., Danaher Corporation, Bio-Rad laboratories, Abbott Laboratories, Hoffman-La Roche Ag, PerkinElmer, Inc., IDEX Corporation, Thermo Fisher Scientific, Inc., Cepheid Inc., and Biacore AB.

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Reasons to Purchase This Report

• Current and future of Lab-on-a-chip Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Table of Contents

1. Research Objective and Assumption
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Overview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet, By Product Type
     • Market Snippet, By Application
     • Market Snippet, By Technology
     • Market Snippet, By End User
     • Market Snippet, By Region
   • Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Impact Analysis
   • Market Trends
   • Key Developments
   • Technological Trends
   • PEST Analysis
4. Global Lab-on-a-Chip Market, By Product Type, 2019 – 2027, (US$ Million)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017 – 2027
     • Segment Trends
   • Reagents & Consumables
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
   • Software
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
   • Instruments
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
5. Global Lab-on-a-Chip Market, By Application, 2019 – 2027, (US$ Million)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017 – 2027
     • Segment Trends
   • Genomics
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
   • Proteomics
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
   • Diagnostics
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
   • Drug Discovery
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
6. Global Lab-on-a-Chip Market, By Technology, 2019 – 2027, (US$ Million)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017 – 2027
     • Segment Trends
   • Microarrays
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
   • Microfluidics
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
7. Global Lab-on-a-Chip Market, By End User, 2019 – 2027, (US$ Million)
   • Introduction
     • Market Share Analysis, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, 2017 – 2027
     • Segment Trends
   • Hospitals
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
   • Diagnostic Labs
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
   • Academic & Research Institutes
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
   • Biotechnology & Pharmaceutical Companies
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
8. Global Lab-on-a-Chip Market, By Region, 2019 – 2027, (US$ Million)
   • Introduction
     • Market Share Analysis, By Region, 2019 and 2027 (%)
     • Y-o-Y Growth Analysis, By Region, 2017 – 2026
     • Regional Trends
   • North America
     • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
     • Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
     • Market Size and Forecast, By Technology, 2016 – 2027, (US$ Million)
     • Market Size and Forecast, By End User, 2016 – 2027, (US$ Million)
     • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
       • U.S.
       • Canada
   • Europe
     • U.K.
     • Germany
     • Italy
     • France
     • Spain
     • Russia
     • Rest of Europe
   • Asia Pacific
     • China
     • Japan
     • India
     • ASEAN
     • Australia
     • South Korea
     • Rest of Asia Pacific
   • Latin America
     • Brazil
     • Mexico
     • Argentina
     • Rest of Latin America
   • Africa
     • North Africa
     • Central Africa
     • South Africa
   • Middle East
     • GCC Countries
     • Israel
     • Rest of Middle East