The global Lab-on-a-Chip (LOC) market is growing at a considerable CAGR of 9.3% during the forecast period (2021-2027). The factors that augment the market growth include the extensive use of lab-on-a-chip devices in the medical industry. Moreover, short response time and low fluid volume consumption in diagnosis, and use in academic and research institutes are the other factors that contribute to the growth of the market. In addition to this, easy portability, advancing fabrication technology, and use for biomarker-based identification and early detection of oral cancer have also fueled the demand for LOC’s. The rise in chronic diseases across the globe has led to the need for new less time-consuming LOC’s. Increasing support from the semiconductor industry in launching innovative circuits for the medical sector is fostering the market growth.

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The market is segmented based on product type, application, technology, and end-user. Based on the product type segment, the market is segmented into reagents and consumables, and instruments. Among these, the instruments and reagents and consumables segments are anticipated to experience rapid growth soon owing to a surge in demand for lab-on-a-chip technology in both developed and emerging markets. Based on the application segment, the market is segmented into genomics, proteomics, diagnostics, and drug discovery. Based on the technology segment, the market is segmented into DNA microarrays and microfluidic chips. Further, based on the end-user segment, the market is bifurcated into hospitals and diagnostic labs, pharmaceutical companies, and individuals.

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The lab-on-a-chip market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America (the US and Canada), Europe (Germany, Spain, Italy, France, the UK, and the Rest of Europe), Asia-Pacific (India, China, Japan South Korea, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America). North America region is estimated to have one of the largest shares in this market. The presence of major market players, government funding for research, high prevalence of chronic diseases, and increase rate of diagnostic tests for the various viral and pathogenic diseases in developed nations like the US and Canada are some of the factors that fuel the growth of the market in the region. For instance, according to the Centers for Disease Control and Prevention in 2020, the number of tuberculosis and salmonella cases were 7,163 and 1.35 million respectively in the U.S. Europe is also estimated to have a significant share in the market owing to the presence of high healthcare infrastructure and clinical researches.

Global Lab-on-a-Chip Market – Segmentation
By Product Type
Reagents & Consumable
Instruments
By Application
Genomics
Proteomics
Diagnostics
Drug Discovery
By Technology
DNA Microarrays
Microfluidic Chip
By End User
Hospitals and Diagnostic Labs
Pharmaceutical Companies
Individuals

Global Lab-on-a-Chip Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
1DROP Diagnostics
Abbott Laboratories
Adhesives Research, Inc.
Agilent Technologies, Inc.
Axxicon Moulds Eindhoven B.V.
BioFluidix GmbH
BioForce Nanosciences, Inc.
Bio-Rad Laboratories, Inc.
BluSense Diagnostics, Inc.
Beckman Coulter, Inc. (CytoFluidix)
Danaher Corp.
F. Hoffmann-La Roche AG
Fluidigm Corp.
Fluxion Biosciences, Inc.
Genalyte, Inc.
HiComp Microtech (Suzhou) Co. Ltd.
IDEX Corp.
Illumina, Inc
LabSmith, Inc.
Micralyne, Inc.
PerkinElmer Inc.
RheoSense, Inc.
Siemens Healthcare GmbH
Syrris Ltd.
Thermo Fisher Scientific Inc.
ZenLeads, Inc.
Zepto Life Technology, LLC

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