Vancouver, BC -- (SBWIRE) -- 05/06/2021 -- 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.

The latest market intelligence study on the Lab-on-a-chip (LOC) market applies the best of both primary and secondary research techniques to bring to light the growth rate of the Lab-on-a-chip (LOC) market for the forecast period, 2020 – 2027. The comprehensive study covers hard to find facts about the market landscape as well as its growth prospects in the years to come. Most importantly, the research report includes vital statistics about the major vendors occupying a strong foothold in this industry. Besides this, in order to calculate the market share, the study takes a closer look at the selling price of the product across different regions.

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Some Key Highlights From the Report
In June 2020, Sengenics launched multi-antigen COVID-19 biochip test, ImmuSAFE, which is a lab-based biochip test that uses the company's patented KREX protein folding technology. ImmuSAFE enables the identification of target epitopes, titres, and Ig class/sub-class (IgG, IgA, IgM; IgG1-4) of antibodies produced at various stages of COVID-19 infection; from disease development, initial exposure, and post-recovery to post-vaccination.
Application of microfluidics has made it possible to shift conventional laboratory procedures to lab-on-a-chip. Microfluidics aims to reduce mistakes in cost management and offer good return on investment. Microfluidics has been used extensively in the manufacturing of a wide variety of consumer products.
In proteomics, lab-on-a-chip offers the opportunity to perform protein analysis. Proteomics also show great potential for protein crystallization, which is an important field that reveals 3D structures of a protein. Application of lab-on-a-chip can help researchers simultaneously control all possible parameters in the fastest way, which enables crystallization of a protein.
Lab-on-a-chip market revenue in Asia Pacific is expected to register fastest growth rate during the forecast period owing to surge in development of healthcare infrastructure, high prevalence of diseases such as renal diseases and cardiovascular diseases, and growth of the R&D facilities. In addition, rapidly increasing global geriatric population and rising demand for regenerative medicines are key factors driving growth of the market in the region.
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.

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Important Points Mentioned in the Lab-on-a-chip (LOC) Market Study
Manufacturing Analysis: The report initially analyzes the various segments of the market in a brief manner, which includes product types, applications, and so on. Further, the report consists of a separate section wherein an in-depth analysis of the manufacturing process has been provided which has been verified thorough primary information collected by experts of reputed industries as well as the industry analysts.
Sales and Revenue Estimation: By applying several top-down and bottom-up approaches on the previous years' sales and revenue data as well as the present market scenario, the analysts have anticipated the market growth and size in major geographies. The report further includes an all-inclusive study on the applications and end-user industries participating in the market. Furthermore, the report provides crucial data on the regulatory policies and guidelines, as well as the macro-economic factors, that determine the evolution of the market along with predictive analysis.
Demand & Supply Assessment: The report further offers key information on the manufacturing and cost analysis, consumption ration, import/export factors, and product and service distribution.
Competitiveness: The report provides crucial data based on the company profile, product portfolio, product and service cost, potential, and sales and revenue generated by the key pioneers and other leading companies.

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

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

Application Outlook (Revenue, USD Billion; 2018–2028)
Proteomics
Genomics
Drug Discovery
Diagnostics

End-use Outlook (Revenue, USD Billion; 2018–2028)
Diagnostic Labs
Hospitals
Biotechnology & Pharmaceutical Companies
Academic & Research Institutes

Regional scope: - North America; Europe; Asia Pacific; Central & South America; MEA

Here are the questions we answer...
What are the future opportunities in store for the vendors operating in the Lab-on-a-chip (LOC) market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Lab-on-a-chip (LOC) market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2028?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Lab-on-a-chip (LOC) market growth worldwide?

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Table of Content
Chapter 1. Lab-on-a-chip (LOC) Market Methodology & Sources
1.1. Lab-on-a-chip (LOC) Market Definition
1.2. Lab-on-a-chip (LOC) Market Research Scope
1.3. Lab-on-a-chip (LOC) Market Methodology
1.4. Lab-on-a-chip (LOC) Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2028
Chapter 3. Lab-on-a-chip (LOC) Market Key Insights
Chapter 4. Lab-on-a-chip (LOC) Market Segmentation & Impact Analysis
Chapter 5. Lab-on-a-chip (LOC) Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Lab-on-a-chip (LOC) Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Lab-on-a-chip (LOC) Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Lab-on-a-chip (LOC) Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Lab-on-a-chip (LOC) Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…