The latest study on the Lab-on-a-chip (LOC) Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 -  2030   . The report covers the estimation of key market players, emerging new players, and regional analysis to offer a better understanding of the Lab-on-a-chip (LOC) Market .   Furthermore, the report is updated with the changes in the market dynamics and economic scenario due to the COVID-19 pandemic. The report assesses the impact of the pandemic on the overall market and provides a detailed assessment of the present and future impact of the COVID-19 pandemic on the industry.

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.

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The global lab-on-a-chip market is gaining traction due to increased investment in research development in pharmaceuticals, life sciences, and personalized medicine. Furthermore, several microfluidic device companies are entering into partnerships or collaborations to develop more innovative lab-on-a-chip applications, which is fueling growth of the market. Advancements in technology and research in miniaturization of LOC will further drive market growth in future.

Covid 19 impact analysis:

The report contains updated information about the ongoing COVID-19 pandemic and acts as an accurate analysis of the COVID-19 impact on the  Lab-on-a-chip (LOC) Market  . The report draws attention to the COVID-19 impact on the market and its crucial segments. As per the report, the current pandemic is one of the major contributing elements for the potential decline of the market in the coming years. The business sector has been drastically affected by the pandemic, which has adversely altered the market dynamics and demand trends. Financial difficulties brought by the pandemic have delayed the progress rate of various businesses and disrupted the global supply chains. The report further provides a future impact assessment of the  Lab-on-a-chip (LOC) Market  concerning COVID-19.

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.

 Some Key Highlights From the Report

• The insulated segment is expected to register a steady growth throughout the forecast period due to their demand for manufacturing glass panes, doors, and windows owing to their superior insulation qualities provided by air space between two layers of glass.
• The architectural segment is expected to register a significant market revenue growth owing to rising construction demand across the globe. Flat glass is applicable in every single building for various outdoor and indoor applications.
• The Asia Pacific market is expected to register a considerable growth due to the ever-growing construction industry in China and India.

Global  Lab-on-a-chip (LOC) Market  Geographical Landscape - Synopsis:

• The report closely studies the growth trajectory of the global Lab-on-a-chip (LOC) Market  . It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.
• The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
• Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.

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Emergen Research has segmented the global lab-on-a-chip (LOC) market on the basis of product type, technology, application, end-use, and region:

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

 Report Highlights:

• The report conducts a comparative assessment of the leading market players participating in the global Lab-on-a-chip (LOC) Market  .
• The report marks the notable developments that have recently taken place in the Lab-on-a-chip (LOC) Market  tindustry
• It details on the strategic initiatives undertaken by the market competitors for business expansion.
• It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Lab-on-a-chip (LOC) Market  value chain.
• The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.

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