Exploring Lab-on-a-chip (LOC) Market : Size, Growth, Trends, and Forecast Analysis: Opportunities and Challenges
The latest research report by Emergen Research, named ‘Global Lab-on-a-chip (LOC) Market - Forecast to 2032 . The report offers these individuals a vivid description of the competitive spectrum of the global Lab-on-a-chip (LOC) Market .The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
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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Some major 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.
Covid impact analysis:
The report considers COVID-19 as a key contributor of the dynamically altered market scenario. The report covers a comprehensive impact analysis of the global health crisis on the overall growth of the market. Furthermore, the report covers the current and future impact of the COVID-19 crisis on the market and its key segments.
Scope of the Global Lab-on-a-chip (LOC) Market Report
The report performs an accurate estimation of the growth prospects of the different market segments by studying the current market scenario, past performance, demand and supply ratio, production, consumption, sales, and revenue generation of the key players in the upcoming years. The market segmentation provides a 360° view of the Lab-on-a-chip (LOC) Market industry, which turns out to be beneficial for readers interested in this sector.
Key Benefits of the Report:
· Comprehensive analysis of the competitive scenario and its changing dynamics
· Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
· In-depth 8-year analysis of the Global Lab-on-a-chip (LOC) Market
· Critical understanding of the key Lab-on-a-chip (LOC) Market segments
· Comprehensive analysis of the drivers, restraints, trends, and opportunities
· Detailed regional analysis and extensive company profiling
· Extensive assessment of current and emerging trends of the Lab-on-a-chip (LOC) Market
Market Segmentation:
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
To learn more details about the report visit @ https://www.emergenresearch.com/industry-report/lab-on-a-chip-market
Geographical Overview:
- The latest report broadly categorizes the global Lab-on-a-chip (LOC) Market into several geographical terrains, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
- The study is inclusive of essential information relevant to each region in this broad industry segment, along with the key drivers of the regional market growth.
- The report further estimates the revenue accumulated by these regions over the forecast period.
Competitive Hierarchy:
- The latest research report studies the major market players, their regional presence, industry share, and production facilities.
- The report offers significant data pertaining to these market competitors’ company profiles, product types, and application outlook.
- Moreover, the pricing models and gross margins of these industry majors have also been mentioned in the report.
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About Emergen Research :
Working at Emergen Research. At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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