Global Lab On Chip Market Size By Product (Reagents & Consumables, Software, and IV Needles), By Technology (Microarrays, Microfluidics And Tissue Biochip), By Application (Genomics & Proteomics And Diagnostics), By Geographic Scope And Forecast

Lab On Chip Market Size And Forecast

Lab On Chip Market size was valued at USD 5.87 Billion in 2022 and is projected to reach USD 12.65 Billion by 2030, growing at a CAGR of 10.32% from 2023 to 2030.

The Lab On Chip Market has noticed tremendous growth in the previous few years due to increasing demand for point-of-care testing, rising incidence of chronic diseases, and expanding applications of genomics and proteomics in cancer research. The Global Lab On Chip Market report delivers a holistic market evaluation. The report thoroughly analyzes key segments, trends, drivers, restraints, competitive landscape, and factors that play a significant role in the market.

Global Lab On Chip Market Definition

Advances in nanotechnology have led to the growth of miniaturized devices called Lab-On-Chip (LOC). Lithography, in particular, has assisted in creating nanoscale impressions on the surface of metals and semiconductors. Lab-On-Chip technology (LOC) seeks to integrate one or more laboratory processes or techniques onto a single miniaturized chip. Theoretically, LOC technology can perform almost any laboratory procedure on a miniaturized scale. This could vary from DNA sequencing and biochemical detection to chemical synthesis, clinical diagnostics, and biomarker validation.

LOC technology is concerned with laboratory experiments on a tiny scale. It can incorporate several laboratory functions on a chip ranging from millimeters to square centimeters. This helps achieve high-throughput screening and automation. LOC technology enables the use of small fluid volumes, which allows for cutting costs and the analysis of reagents and response time. It also lets greater control over sample concentrations and interactions to decrease the quantity of chemical waste. This technology can help in the development of highly compact systems through mass production.

Global Lab On Chip Market Overview

An increase in chronic diseases, expanding applications of genomics and proteomics in Cancer Research, and revenue growth have led to the rise in the Lab On Chip market. Increased demand for personalized medicine has further helped drive the need for Lab On Chip. The trend is expected to continue, and this technology’s revenue shall keep growing. Due to the increasing prevalence of cancer among many nations, the Lab On Chip Market is expected to garner more revenue growth.

It helps detect pathogens for early diagnosis of oral cancer and helps catch swine flu, malaria, Zika virus, and Ebola virus. In countries like North America, Asia, and Europe, lab and ship technology is under exploration for many applications. Increased investments by various nations in research and development have led to growth in the lab and ship market. High investments in personalized medicine and life sciences have also made a demand for Lab On Chips. Various partnerships and collaborations for producing innovative lab ownership solutions also fuel the market’s growth.

With Advanced Technologies, labs, and chips can detect early pathology, which will drive the development of this technology. In addition, the rise in the adoption of personalized medicine, the increase in drug discovery and life science research, and the need for high-speed diagnostics are the factors that drive the growth of the Lab On Chip industry. However, limited technical knowledge and the availability of alternative technologies are anticipated to restrict market growth. Moreover, the boost in R&D investments in evolving economies is expected to provide lucrative opportunities for key market players throughout the projection period.

Global Lab On Chip MarketSegmentation Analysis

The Global Lab On Chip Market is Segmented on the basis of Product, Technology, Application, And Geography.

Lab On Chip Market, By Product

• Reagents & Consumables
• Software
• IV Needles

Based on Product, The market is split into Reagents & Consumables, Software, and IV Needles. The reagents and consumables dominate the global market and are expected to appear the fastest-growing segment over the forecast period. The segment is growing as it comprises a wide range of consumables, such as chips, microplates, and cartridges used in various Lab-On-Chip applications.

Lab On Chip Market, By Technology

• Microarrays
• Microfluidics
• Tissue Biochip
• Others

Based on the Technology, the market is divided into Microarrays, Microfluidics, Tissue Biochip, and Others. The Microfluidics segment accounted for a significant market share in 2021. There’s an increased application of microfluidics which is liable for the shift from conventional laboratory procedures to a Lab On Chips. Microfluidics has been used extensively to manufacture varied consumer products and is expected to have a great application in many regions or areas. They help reduce errors in cost management and offer a good return on investments.

Lab On Chip Market, By Application

• Genomics & Proteomics
• Diagnostics
• Others

So, the market's broken down by Application, right? We've got Genomics & Proteomics, Diagnostics, and then "Others." Now, in 2021, Genomics & Proteomics really grabbed a huge chunk of the market, and it looks like they're going to stay on top for a while. What's cool is that the Proteomics Lab on a chip is offering some great growth possibilities because it makes analyzing proteins easier. Plus, it's got amazing potential for making protein crystals, which is super important for figuring out what those proteins actually look like. With a Lab On a Chip, researchers can control things better and speed up the whole protein crystallization process. And hey, Lab on a Chip can even help with RNA and DNA sequencing down the road! All this DNA and RNA sequencing stuff is expected to get even bigger in the future.

Lab On Chip Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Based on the Regional Analysis, The Lab On Chip Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa. North American region is expected to lead the market due to the increased adoption of advanced technologies, research and development, and investments by various pharmaceutical companies in this domain. As many leading firms providing the Lab on the chip are located in the North American region, the market is anticipated to grow in the projection period.

However, the Asia Pacific region is expected to grow faster during the forecast period as there are developments in the healthcare infrastructure and diseases, like renal diseases, which are prevalent in this region. Also, the increased cardiovascular diseases and government initiatives in this region are leading to growth in the market. The increasing geriatric population and the demand for regenerative medicines are other reasons the market is expected to grow during the projection period.

Key Players

The “Global Lab On Chip Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Micronit, MIMETAS, BEOnChip, Nortis Bio, TisssUse, InSphero, Elvesys, Mesobiotech, AxoSim, Emulate Bio, Tara Biosystems, Hepregen, Hurel Corporation, Cherry Biotech, Alveolix, and BiomimiX.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In June 2020, Sengenics Launched ImmuSAFE COVID+, the World’s First High-Throughput, Multi-Antigen COVID-19 Biochip Test. ImmuSAFE lets researchers determine titres, target epitopes, and Ig class/sub-class (IgG, IgA, IgM; IgG1-4) of antibodies produced at different stages of COVID-19 infection, including initial exposure, disease development, and post-recovery to post-vaccination.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Lab On Chip Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Lab On Chip Market gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We'll dive into the market with both qualitative (think "why") and quantitative (think "how much") analysis, chopping it up based on things like money and, well, other stuff that matters. You'll get the scoop on market value in USD Billion for all the different slices and dices we make. We'll point out which region and segment is likely to be the rocket ship – growing the fastest and ultimately taking the lead. Plus, we'll break down each region, looking at how much of the product/service they're using and what's driving (or holding back) the market there. Expect a competitive landscape view, ranking the big players, and highlighting their new stuff, collaborations, expansions, and takeovers from the last five years. We'll give you detailed company profiles, covering their background, insights, product comparisons, and a SWOT analysis. Get ready for a look at the present and future, focusing on growth potential, what's fueling the market, and the challenges in both up-and-coming and mature areas. We'll also dig deep with Porter's five forces analysis and walk you through the Value Chain to give you the inside scoop. Finally, we'll cover the market's dynamics, growth opportunities on the horizon, and even throw in 6 months of analyst support after your purchase.

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.