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Global Lab-On-A-Chip Market – Industry Trends and Forecast to 2029

Healthcare

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Global Lab-On-A-Chip Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Jul 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Lab-On-A-Chip Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 6.29 USD Billion
Diagram Market Size (Forecast Year) USD 13.05 USD Billion
Diagram CAGR %

Major Markets Players

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Global Lab- On-A-Chip Market, By Product (Instrument, Reagents and Consumables, Software and Others), Technology (Microarrays, microfluidics, Tissue Biochip and Others), Application (Genomics, Proteomics, Point of Care Diagnostics, Drug Discovery and Others), End-Use (Hospitals and Clinics, Biotechnology and Pharmaceuticals Companies, Forensic Laboratories, Diagnostics Centers and Academic and Research Institutes) – Industry Trends and Forecast to 2029

Lab- On-A-Chip Market

Market Analysis and Size

Lab-on-a-chip (LoC) combines many types of analysis such as chemical synthesis, biochemical activities, and DNA sequencing on a single chip. Miniaturization and optimization of these biochemical procedures have increased diagnostic speed and cost efficiency. Furthermore, LoC is a device capable of reducing single or several laboratory tasks down to chip-format, with chip sizes ranging from a few square centimeters to a few millimeters. Electronics, fluidics, optics, and biosensors are all integrated in LoC.

Data Bridge Market Research analyses that the lab-on-a-chip market which was USD 6.29 billion in 2021, would rocket up to USD 13.05 billion by 2029, and is expected to undergo a CAGR of 9.55% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Instrument, Reagents and Consumables, Software and Others), Technology (Microarrays, microfluidics, Tissue Biochip and Others), Application (Genomics, Proteomics, Point of Care Diagnostics, Drug Discovery and Others), End-Use (Hospitals and Clinics, Biotechnology and Pharmaceuticals Companies, Forensic Laboratories, Diagnostics Centers and Academic and Research Institutes)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Siemens (Germany), Abaxis (U.S), Danaher (U.S), Thermo Fisher Scientific Inc. (U.S), F. Hoffmann-La Roche Ltd (Switzerland), Abbott (U.S), Bio-Rad Laboratories Inc. (U.S), BD (U.S), PerkinElmer Inc. (U.S), Agilent Technologies Inc. (U.S)
IDEX (U.S), Standard BioTools (U.S), Beckman Coulter Inc. (U.S), Illumina, Inc (U.S), LabSmith (U.S)

Market Opportunities

  • Improved preference for automated lab-on-a-chip practices
  • Increasing disposable incomes stimulate demand

Market Definition

The lab-on-a-chip market is a miniature device that combines several laboratory analysis procedures into a single chip. Lap-on-chip technology is used for biochemical detection, DNA sequencing, and other applications. Chips can be as small as a few square centimeters in size and are capable of handling extremely small fluid quantities.

Lab-On-A-Chip Market Dynamics

Drivers

  • Advantages of lab-on-a-chip technology

LoC technology include excellent assay sensitivity, parallelization, ergonomics, waste minimization, and others. This technology is primarily driven by the medical profession for the identification of various diseases, which aids in sample handling, provides accurate findings in a short amount of time, and serves as a market growth driver. Furthermore, in the forecast period of 2022-2029, the rise in demand for small devices, research on biosensors and biomarkers, fabrication technology, and economic feasibility will provide new opportunities for the lab-on-a-chip market.

  • Rise in the chronic diseases

The integration of various disciplines and the downsizing of laboratory procedures are the hallmarks of lab-on-a-chip systems. The high level of integration required to develop LOC devices is expanding into other parts of healthcare like stem cell, drug delivery, synthetic biology, and environmental monitoring. Globally, chronic diseases are on the rise. Other factors contributing to a constant growth in frequent and costly long-term health problems include a rapidly growing global geriatric population and changes in societal behaviour. Other important factors driving the lab-on-a-chip market's growth include the use of lab-on-a-chip in the diagnosis of chronic diseases and infections.

  • Usage of LoC

LoC is gaining popularity in the medical area for diagnosing various infections and disorders, including HIV infections and chronic sickness, as well as botany. This is projected to propel the market forward. Because of advantages like easy portability, automated sample processing, and re-configurability, LoC devices are in great demand. Because they deliver fast and on-time diagnosis results, LoC devices are ideal for point-of-care diagnosis.

Opportunities

Due to rising investment in research and development in pharmaceuticals, life sciences, and personalised medicine, the global lab-on-a-chip market is gaining traction. In addition, various microfluidic device makers are forming partnerships or collaborations to develop more unique lab-on-a-chip applications, propelling the industry forward. Future market growth will be fuelled by technological advancements and research into LOC miniaturisation. There are many benefits of microfluidic technologies, growing demand for diagnostics, rise in R&D investments in emerging economies, and increase in global population will provide lucrative opportunities for growth for the lab-on-chip market globally.

Restraints/Challenges

The high initial purchasing cost with lack of awareness regarding lab-on-a-chip devices among the middle income countries will act as a restrain and further challenge the growth of the lab-on-a-chip market in the forecast period mentioned above.  

This lab-on-a-chip market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the lab-on-a-chip market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Lab- On-A-Chip Market

The COVID-19 pandemic had a good impact on the lab-on-a-chip market, as it has raised the focus on the creation of less time-consuming diagnostic kits, and the use of the lab-on-a-chip approach in pharmaceutical R&D has expanded. Veredus Laboratories, a Singapore-based molecular diagnostics company, recently revealed the commercial availability of a portable lab-on-a-chip diagnostic tool for detecting and distinguishing 2019-nCoV, SARS CoV, and MERS-CoV. As a result, the VereCoV detection kit combines PCR and microarray technology to give high specificity, sensitivity, and a 2-hour turnaround time. As a result, health-care facilities are time-saving diagnostic techniques.

Recent Development

  • In June 2020, ImmuSAFE is a lab-based biochip test that leverages Sengenics' unique KREX protein folding technology. It is a multi-antigen COVID-19 biochip test. ImmuSAFE allows researchers to identify target epitopes, titres, and Ig class/sub-class (IgG, IgA, IgM; IgG1-4) of antibodies produced at various stages of COVID-19 infection, including disease development, initial exposure, and post-recovery to post-vaccination.

Global Lab- On-A-Chip Market Scope

The lab-on-a-chip market is segmented on the basis of product type, technology, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Software
  • Reagents and Consumables
  • Instruments

Technology

  • Microarrays
  • Microfluidics

Application

  • Proteomics
  • Genomics
  • Drug Discovery
  • Diagnostics

End-user

  • Diagnostic Labs
  • Hospitals
  • Biotechnology and Pharmaceutical Companies
  • Academic and Research Institutes

Lab- On-A-Chip Market Regional Analysis/Insights

The lab-on-a-chip market is analysed and market size insights and trends are provided by country, product type, technology, application and end-user as referenced above.

The countries covered in the lab-on-a-chip market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America holds dominant position in the global lab-on-a-chip market.

Asia-Pacific is the fastest growing region in the global lab-on-a-chip market owing to rising population prone to viral disease. 

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Lab- On-A-Chip Market Share Analysis

The lab-on-a-chip market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to lab-on-a-chip market.

Some of the major players operating in the lab-on-a-chip market are:

  • Siemens (Germany)
  • Abaxis (U.S)
  • Danaher (U.S)
  • Thermo Fisher Scientific Inc. (U.S)
  • F. Hoffmann-La Roche Ltd (Switzerland)
  • Abbott (U.S)
  • Bio-Rad Laboratories Inc. (U.S)
  • BD (U.S)
  • PerkinElmer Inc. (U.S)
  • Agilent Technologies Inc. (U.S)
  • IDEX (U.S)
  • Standard BioTools (U.S)
  • Beckman Coulter Inc. (U.S)
  • Illumina, Inc (U.S)
  • LabSmith (U.S)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Lab-On-A-Chip Market will be worth USD 13.05 billion in the forecast period by 2029.
The Lab-On-A-Chip Market growth rate is 9.55% during the forecast period.
Rise in the chronic diseases and the Advantages of lab-on-a-chip technology are the growth drivers of the Lab-On-A-Chip Market.
The product type, technology, application, and end-user are the factors on which the Lab-On-A-Chip Market research is based.
Major companies in the Lab-On-A-Chip Market are Siemens (Germany), Abaxis (U.S), Danaher (U.S), Thermo Fisher Scientific Inc. (U.S), F. Hoffmann-La Roche Ltd (Switzerland), Abbott (U.S), Bio-Rad Laboratories Inc. (U.S), BD (U.S), PerkinElmer Inc. (U.S), Agilent Technologies Inc. (U.S), IDEX (U.S), Standard BioTools (U.S), Beckman Coulter Inc. (U.S), Illumina, Inc (U.S), LabSmith (U.S).
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