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DUBLIN--(BUSINESS WIRE)--Nov 1, 2022--
The "Lab-On-A-Chip Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030" report has been added to ResearchAndMarkets.com's offering.
A lab-on-a-chip is a device that integrates one or more laboratory functions on a single integrated circuit or a chip to achieve automation and high-throughput screening. The application of lab-on-a-chip is increasing in different field of life sciences. From detecting breast cancer to screening for HIV, surviving serious disease, all of it is done with the help of a chip or a microarray.
LOC technology enables the use of small fluid volumes which helps cut costs and the analysis of reagents and response time. Several applications in life science and medicine have also been explored so far including potential use in protein crystallization studies and DNA or RNA sequencing.
The applications student in the global lab-on-a-chip market include genomics & proteomics, diagnostics, drug discovery and others. The diagnostics segment held the largest share in the global lab-on-a-chip market by application. Early screening of breast cancer, HIV and other infectious diseases is driving the market for diagnostics segment. Genomics and proteomics are expected to grow at the highest rate due to rising research and development studies in genetic and sequencing to drive the market in the future.
In the year 2021, North America emerged as the largest regional market for lab-on-a-chip market. The highest market share of the region is attributed to existence of evolved healthcare and biotechnology research infrastructure, availability of microarray chips in an affordable cost in the region encouraging the diagnostic applications. Favorable private and public funding in research and development in the U.S. makes it highest grossing country in North America. Asia Pacific is anticipated to be the fastest growing lab-on-a-chip market during the forecast period. Rapid entry of market leaders in the region, unmet medical needs, rising incidences of various infectious disease would further craft as a growth factor for the growth of Asia-Pacific lab-on-a-chip market. The competitors in the Asia Pacific market are budding and are continually working on introducing new clinical uses to augment value of lab-on-a-chip technology.
Market Segmentation
Product
Application
Key Questions Answered in this report
Key Topics Covered:
1. Preface
2. Executive Summary
3. Lab-On-A-Chip Market: Business Outlook & Market Dynamics
4. Lab-On-A-Chip Market: By Product, 2020-2030, USD (Million)
5. Lab-On-A-Chip Market: By Application, 2020-2030, USD (Million)
6. North America Lab-On-A-Chip Market, 2020-2030, USD (Million)
7. UK and European Union Lab-On-A-Chip Market, 2020-2030, USD (Million)
8. Asia Pacific Lab-On-A-Chip Market, 2020-2030, USD (Million)
9. Latin America Lab-On-A-Chip Market, 2020-2030, USD (Million)
10. Middle East and Africa Lab-On-A-Chip Market, 2020-2030, USD (Million)
11. Company Profile
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/993275
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KEYWORD:
INDUSTRY KEYWORD: HEALTH HEALTH TECHNOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/01/2022 11:26 AM/DISC: 11/01/2022 11:26 AM
http://www.businesswire.com/news/home/20221101006034/en