About Lab on Chips
A Lab-on-a-chip (LOC) is a miniaturized device that integrates microfluidics and nanotechnology to carry out complex biochemical analyses, such as PCR, microarrays, and protein separation and analysis on a single chip leading to a handheld and portable device. LoC is a devices are capable of scaling the single or multiple laboratory functions down to chip-format. The size of this chip ranges from millimeters to a few square centimeters.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Lab on Chips market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
uFluidix (Canada), Microfluidic ChipShop (Germany), EMD Millipore (United States), 1CellBio, Inc. (United States), Illumina, Inc. (United States), PerkinElmer, Inc. (United States), Agilent Technologies, Inc. (United States) and Dolomite Microfluidics (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Rain Dance Technologies, Inc. (United States) and Fluidigm Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Lab on Chips market by Type (Instruments , Reagents & Consumables and Services), Application (Drug Discovery, Clinical diagnostics, Biotechnology, Chemistry, Research and Others) and Region.
On the basis of geography, the market of Lab on Chips has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Microarray will boost the Lab on Chips market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Hospitals & Clinics will boost the Lab on Chips market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Used, the sub-segment i.e. Silicon will boost the Lab on Chips market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Improve Portability through Microfluidic Chip
Market Growth Drivers:
Growing Demand for Point-Of-Care Testing and Increasing Applications of Drug Delivery Technologies
Challenges:
Standardization/Commercialization of Microfluidic Devices
Restraints:
Time-Consuming Regulatory Approval Process
Opportunities:
Rising Number of Applications of Microfluidics Technology
Market Leaders and their expansionary development strategies
In November 2022, Lam Research Corp. announced that it has completed the acquisition of SEMSYSCO GmbH, a global provider of wet processing semiconductor equipment from Gruenwald Equity and other investors. With the addition of SEMSYSCO, Lam gains capabilities in advanced packaging, ideal for leading-edge logic chips and chiplet-based solutions for high-performance computing (HPC), artificial intelligence (AI) and other data-intensive applications. Financial terms of the agreement were not disclosed.
In September 2023, NETRI, the leading provider of organ-on-chip technologies for pre-clinical neuroscience discovery, have recently announced the launch of a new range of organ-on-chip kits for high-throughput in vitro modeling of the peripheral nervous system.
Key Target Audience
Manufacturers of Lab on Chip, Suppliers of Lab on Chip, Wholesalers, Distributors and Retailers of Lab on Chip, Healthcare Industry, Academic & Research Institutes and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.