Lab Chip Devices Market Analysis by Growth, Segmentation, Performance, Competitive Strategies and Forecast to 2026

A lab chip device is a device which assimilates one or more laboratory tasks on a sole chip to achieve high-throughput screening and automation. Dimensions of the chip may vary from few millimeters to square centimeters. LOCs handles extremely small volume of fluid which can be close to pico liters. Lab-on-a-chip devices are actually a part of Micro electro mechanical systems (MEMS). These devices are often designated by "Micro Total Analysis Systems" (µTAS). Lab Chip devices are the devices which primarily describes the manipulation. The Lab Chip devices indicates the mounting of multiple or single lab process to a chop format. Whereas Micro Total Analysis systems helps in integrating the total sequence of complete Lab processes to perform the analysis. Basically Lab chip devices are the instruments which allows the chemical analysis or the laboratory synthesis on a very small scale. Over the past 2 decades LOC devices have shown good benefits and appreciable potential for a wide range of applications like genomic research proteomics research, point of care diagnostics, analytical chemistry, biohazards detections and environmental monitoring. Compare to the conventional devices these small devices offera a wide range of advantages. They reduce reagent and sample consumption, shortens reaction time. Also it requires a less power, portable in nature and have very less manufacturing cost as compared to the conventional bulkier Lab machines. The recent advancement in Lab Chip devices can be designed with higher precision. The flow of the samples used can be precisely controlled with the help of external valves and pumps and the analytes can be detected with high sensitivity using electrical, optical and magnetic based techniques.

Lab Chip Devices Market: Drivers and Restraints

Lab Chip devices is a new technology which is driving the current Laboratory testing market and also suffices the current need of the market where the trace samples are to be analyzed. The applications of such devices are more inclined towards the medical examination and life sciences, where protein crystallization and DNA, RNA sequencing can be studied. Moreover the features of being handy and easy to use are the factors expected to fuel the growth of global Lab Chip Devices Market. These devices are also portable and easy to carry hence can be widely used in Hospitals and ambulatory surgical centers as well. Use of the conventional laboratory services may act as a restraint in the present market as it may take time for the technology to be acknowledged and admired by health care professionals.Though there are hurdles pertaining to the commercialization of new technology, but in the long run these devices will become crucial.

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Lab Chip Devices Market: Segmentation

The global Lab Chip Devices Market has been classified on the basis of application, end user and geography.    

Based on application, the global Lab Chip Devices is divided into following:

Clinical Diagnostics

Genomics

In vitro Diagnostics

Point of Care Diagnostics

Proteomics

Drug Discovery

Others (Biodefense, Food Pathogen Identification, and Environmental Contamination)

Based on the end user type, the global Lab Chip Devices is divided into following:

Biotechnology and Pharmaceutical Companies

Hospitals

Forensic Laboratories

Diagnostics Centers

Academic & Research Institutes

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Lab Chip Devices Market: Overview

The first ever lab chip devices was created by Stanford university in the year 1979 for gas chromatography. However the actual use of lab chip devices began in the late 80s through the adaptation of micro fabrication processes and development of the micro fluids. In 1990s the scientist began to explore fluids and shorten the biochemical operation such as PCR. Recently all the most probable applications of Lab chip devices have been studied and have shown promising results. For many applications the Lab chip devices not only shows capacity of integration and parallelization but also demonstrates promising results as compared to the conventional technology. Currently these technology is widely used in molecular biology, proteomics, Cell biology and chemistry.

Lab Chip Devices Market: Regional Overview

Region wise, the global Lab Chip Devices Market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa.North America leads the global Lab Chip Devices Market followed by Europe.

Lab Chip Devices Market: Key Players

Some of the key players in global Lab Chip Devices market are Takara Bio, Inc., Biacore AB, Bio-Rad Laboratories, Ltd., Caliper Life Sciences, Cepheid. and others.

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