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Pulished Date February, 2020
ID: 9010
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Global Lab On a Chip Market Analysis – By Product Type (Instruments, Reagents & Consumables, Software, Others), Technology (Microarrays, Microfluidics, Tissue Biochip, Others), By Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) - Global Industry Analysis on Size, Share, Trends, Growth, Forecast | 2019 – 2024

Pulished: February, 2020
ID: 9010
Pages: 150

Lab on a Chip Market Size & Growth (2019 - 2024)

The size of the Global Lab on a Chip Market is expected to reach 9.06 billion by 2024, to grow at a CAGR of 8.9% during the forecast period 2019-2024.

Lab-on-a-Chip has several laboratory functions in a single integrated chip. Lab-on-a-chip is fabricated through a process called photolithography. This is superior in consuming low fluid and works efficiently with the faster response time. Point of care testing devices is highly dependent on these integrated chips to provide effective healthcare.

Biochips are increasingly used in the fields of biomedical and biotechnology research. Advances in technology in the medical field are increasing the adoption rate of biochips in proteomics (such as microarrays). The advantages of protein biochips include low sample consumption and a tendency to miniaturize. For example, protein microarrays can display multiple proteins simultaneously, and these properties translate into the ability to process thousands of samples in parallel. This feature of microarrays is important for proteome-wide analysis. Proteomics is widely used for biomarker and drug discovery. In addition, the growing demand for personalized medicine specializing in diseases is driving the market growth. Other factors are driving the development of the chip lab and microarray (biochip) markets, including increased use of biochips in cancer treatment and diagnosis, the demand for personalized medicine, and rapid advances in biochip technology.

In Lab On a Chip Market, the increasing adoption of personalized medicine, increasing research in drug discovery and life sciences, and the need for rapid diagnostics are all factors driving the development of chip labs. R&D investment growth in developing countries is expected to provide significant opportunities for crucial Lab On a Chip Market participant throughout the forecast period

The rise in the incidences of a number of health disorders is accelerating the demand of the Lab on a Chip Market. Increasing support from the semiconductor industry in launching innovative circuits for the medical sector is propelling the demand of the market. Growing demand for quality treatment procedures is leveling up the growth of the Global Lab on a Chip Market.

A growing number of research institutes in the biotechnology field is to set up growth opportunities for the Lab on a Chip Market. The rise in the applications of genomics and proteomics is likely to bolster the demand of the market.

However, the high cost of equipment for installation and maintenance is restraining the demand of the market. Stringent rules and regulations by the government have remained a challenging factor for the Lab on a Chip Market.

The microarray technology has advantages (labor-intensive and economically low), the availability of alternative technologies, and conveniences over microarrays, limiting the growth of the chip lab and microarray (biochip) markets and the limited technical knowledge and availability of alternative technologies are supposed to restrict the Lab on a Chip Market growth.

The costs and low commercial acceptance due to a shortage of skilled workers are also hindering the market.

Recent Happenings in this market in the recent past:

  • This technology is based on a complex biosensor system and uses a small metal layer embedded in a microchip to eliminate the cumbersome and complicated optics used in diagnostic laboratories. Similarly, researchers at other universities are building labs for chip technology. For example, in February 2016, researchers at the University of Kansas developed a new chip laboratory diagnostic device that adjusted the principle of liquid biopsy to detect cancer using plasma or blood drops quickly.
  • The strategic developments are being employed by key players to enhance their market position in the industry, including product development, acquisitions, contracts, and collaborations. In addition, the analysis takes into account technological advances in the global lab on a chip industry. For example, in February 2019, bimillennial, a French-based life sciences company, launched a microflora culture collection service to identify previously uncultivated bacteria. The service is based on the company's unique on-chip microbiome technology platform. Similarly, during the forecast period, other key players, such as Abbott Laboratories and EMD Millipore, and other players, such as Biomillenia, are expected to win labs on the chip market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 – 2024

Segments Analysed

By Product Type, Technology and Region

Various Segments Analysed

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Analysed

North America (United States and Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (China, India, Japan, South Korea, Australia, New Zealand, Rest of APAC), Latin America (Brazil, Argentina, Mexico and Rest of Latin America), Middle East and Africa

Companies Analysed

Becton, PerkinElmer, Inc., Danaher Corporation, Bio-Rad Laboratories, Thermo Fisher Scientific, F. Hoffmann-La Roche AG, Dickinson and Company, Agilent Technologies, Inc., Abbott Laboratories, Fluidigm Corporation, RainDance Technologies, Inc. and IDEX Corporation.

 

This research report on the Global Lab on a Chip Market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2024.

Lab on a Chip Market Analysis - By Product Type:

  • Instruments
  • Reagents & Consumables
  • Software
  • Others

On the basis of product type, the Instruments type is gaining more attention in leading the shares of the market. Increasing prevalence for the point of care testing devices is boosting up the growth of the market.

Lab on a Chip Market Analysis - By Technology:

  • Microarrays
  • Microfluidics
  • Tissue Biochip
  • Others

On the basis of technology, the Microarrays technology type is leading with the highest shares of the market. The rise in the number of cancer patients is escalating the demand of the market.

Lab on a Chip Market Analysis - By Region

  • North America (U.S., Canada)
  • Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU)
  • Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC
  • Latin America (Brazil, Mexico, Argentina, Chile)
  • Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)

Regionally, North America is accounted for holding the largest shares of the market by owing to the quick adoption of the latest technological developments and the launch of innovative products in favor of the end-users. The Asia Pacific and Europe are next to North America in leading with the highest shares of the market with the rise in the investments by the government on hospitals. The Middle East and Africa are to have a significant growth rate in foreseen years.

Companies leading the Global Lab on a Chip Market profiled in the report are:

  1. Becton Dickinson and Company
  2. PerkinElmer, Inc.
  3. Danaher Corporation
  4. Bio-Rad Laboratories
  5. Thermo Fisher Scientific
  6. F. Hoffmann-La Roche AG
  7. Agilent Technologies, Inc.
  8. Abbott Laboratories
  9. Fluidigm Corporation
  10. RainDance Technologies, Inc.
  11. IDEX Corporation
  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Product Type
      1. Disposable trocars
      2. Reposable trocars
      3. Reusable trocars
      4. Others
      5. Y-o-Y Growth Analysis, By Product Type
      6. Market Attractiveness Analysis, By Product Type
      7. Market Share Analysis, By Product Type
    2. By Technology
      1. General Surgery
      2. Optical Trocars
      3. Blunt Trocars
      4. Bladed Trocars
      5. Y-o-Y Growth Analysis, By Technology
      6. Market Attractiveness Analysis, By Technology
      7. Market Share Analysis, By Technology
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends       
      2. Impact Analysis        
      3. Y-o-Y Growth Analysis            
        1. By Geographical Area
        2. By Product Type
        3. By Technology
      4. Market Attractiveness Analysis          
        1. By Geographical Area
        2. By Product Type
        3. By Technology
      5.          Market Share Analysis   
        1. By Geographical Area
        2. By Product Type
        3. By Technology
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. Becton
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. PerkinElmer, Inc
    3. Danaher Corporation
    4. Bio-Rad Laboratories
    5. Thermo Fisher Scientific
    6. F. Hoffmann-La Roche AG
    7. Dickinson and Company
    8. Agilent Technologies, Inc
    9. Abbott Laboratories
    10. Fluidigm Corporation
    11. RainDance Technologies, Inc
    12. IDEX Corporation
  9. Competitive Landscape
    1. Merger and Acquisition Analysis
    2. Agreements, Collaborations and Joint Ventures
    3. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of raw materials, by application, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Lab-On-a-Chip Market

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