Global Lab-on-a-chip (LOC) Market Growth (Status and Outlook) 2023-2029

Global Lab-on-a-chip (LOC) Market Growth (Status and Outlook) 2023-2029

This report studies the Lab-on-a-chip (LOC) market. A lab-on-a-chip (LOC) is a device that integrates one or several laboratory functions on a single integrated circuit (commonly called a "chip") of only millimeters to a few square centimeters to achieve automation and high-throughput screening. LOCs can handle extremely small fluid volumes down to less than pico-liters. Lab-on-a-chip devices are a subset of microelectromechanical systems (MEMS) devices and sometimes called "micro total analysis systems" (µTAS). LOCs may use microfluidics, the physics, manipulation and study of minute amounts of fluids. However, strictly regarded "lab-on-a-chip" indicates generally the scaling of single or multiple lab processes down to chip-format, whereas "µTAS" is dedicated to the integration of the total sequence of lab processes to perform chemical analysis. The term "lab-on-a-chip" was introduced when it turned out that µTAS technologies were applicable for more than only analysis purposes.

LPI (LP Information)' newest research report, the “Lab-on-a-chip (LOC) Industry Forecast” looks at past sales and reviews total world Lab-on-a-chip (LOC) sales in 2022, providing a comprehensive analysis by region and market sector of projected Lab-on-a-chip (LOC) sales for 2023 through 2029. With Lab-on-a-chip (LOC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lab-on-a-chip (LOC) industry.

This Insight Report provides a comprehensive analysis of the global Lab-on-a-chip (LOC) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lab-on-a-chip (LOC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lab-on-a-chip (LOC) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lab-on-a-chip (LOC) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lab-on-a-chip (LOC).

The global Lab-on-a-chip (LOC) market size is projected to grow from US$ 6220.7 million in 2022 to US$ 12580 million in 2029; it is expected to grow at a CAGR of 10.6% from 2023 to 2029.

Global Lab-on-a-chip (LOC) key players include Danaher, Thermo Fisher Scientific, Roche, etc. Global top three manufacturers hold a share over 50%.

United States is the largest market, with a share about 35%, followed by China and Europe, both have a share over 40 percent.

In terms of product, Instruments is the largest segment, with a share over 55%. And in terms of application, the largest application is Diagnostics, followed by Genomics and Proteomics, Drug Discovery, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Lab-on-a-chip (LOC) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Reagents & Consumables

Software & Services

Instruments

Segmentation by application

Genomics and Proteomics

Diagnostics

Drug Discovery

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Danaher

Thermo Fisher Scientific

Roche

Abbott Laboratories

Bio-Rad Laboratories

Becton, Dickinson

PerkinElmer

Agilent Technologies

IDEX Corporation

Fluidigm Corporation

Please note: The report will take approximately 2 business days to prepare and deliver.