Lab-on-a-chip (LOC) Market 2021 Share, Size, Future Demand, Glo

• Posted by Shabaz Sayyed June 30, 2021 - Filed in Technology - #pressrelease  #news  - 915 views

  The global lab-on-a-chip (LOC) market size is expected to reach USD 12.85 Billion at a steady CAGR of 10.6% in 2028, according to latest analysis by Emergen Research. Lab-on-a-chip market revenue growth is being steadily driven by increase in demand for point of care testing, rising prevalence of chronic diseases, and growing application of genomics and proteomics in cancer research. Proteomics is widely adopted for drug discoveries and biomarker. Rise in demand for personalized medicines is further driving Lab-on-a-chip market revenue growth, and the trend is expected to continue going ahead.

  Key players in the market include Becton, Dickinson and Company, PerkinElmer, Inc., Bio-Rad Laboratories, Agilent Technologies, Inc., Thermo Fisher Scientific, Siemens Healthcare, Abaxis Inc., Roche Diagnostics, Abbott Laboratories, and Danaher Corporation.

  The global lab-on-a-chip market is gaining traction due to increased investment in research & development in pharmaceuticals, life sciences, and personalized medicine. Furthermore, several microfluidic device companies are entering into partnerships or collaborations to develop more innovative lab-on-a-chip applications, which is fueling growth of the market. Advancements in technology and research in miniaturization of LOC will further drive market growth in future.

  To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/lab-on-a-chip-market

  Emergen Research has segmented the global lab-on-a-chip (LOC) market on the basis of product type, technology, application, end-use, and region:

  • Product Type Outlook (Revenue, USD Billion; 2018–2028)
    • Software
    • Reagents & Consumables
    • Instruments

  • Technology Outlook (Revenue, USD Billion; 2018–2028)
    • Microarrays
    • Microfluidics