Global Lab on Chips Market Driven by Healthcare & Drug Development a CAGR of 10.7% during 2016-2024

Market Research Reports Search Engine (MRRSE) has recently announced the addition of a research report to its inventive repository. The report is titled ‘Lab on Chips Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016-2024’. This report on studies the present as well as future prospects of the lab on chips industry across the globe. It includes an elaborate executive summary along with a market overview providing overall information of several segments and sub-segments from the market.

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According to Transparency Market Research, the global lab on chips market will exhibit a CAGR of 10.7% between 2016 and 2024. At this rate, the market evaluation will reach US$8.7 billion at the end of 2024 from a valuation of US$3.88 billion in 2016. This estimated growth reflects its increasing application in healthcare and drug development systems. The report also studies the industry dynamics like drivers, restraints and opportunities which manage to hold a strong impact on the global market and could influence the sector in the near future.

For better landscape analysis, the global lab on chips market is divided into four segments: by application, by product, by end-user and by geography. Based on product type, the industry is classified as:

  • Instruments
  • reagents & consumables
  • software & services

Among these, the instrument segment is expected to dominate the market over the coming years. On the basis of applications, the market is divided into: genomics & proteomics, diagnostics, drug discovery and others. Also, due to the increased application in health care, the diagnostic segment is expected to dominate the market in the near future. Furthermore, on the basis of end users, the market has been segregated into hospitals, diagnostic centers, biotechnology & pharmaceutical companies, academics & research institutes and others. All these segregations have been extensively analyzed based on their utility, sales, effectiveness and geographic presence. Market revenue and market volume for the period from 2016 to 2024 along with the annual growth rate are provided for all segments in the report.

Geographically, the market has been segmented into five regions: North America, Europe, Asia Pacific, Europe, Middle East & Africa and Latin America. For each region, demand, supply, market revenue and volume is analyzed for the period of 2016-2024, along with annual growth rate in the report.

Major players summarized in this report include Danaher Corporation, PerkinElmer, Inc., Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., RainDance Technologies Inc., Bio-Rad Laboratories, Inc., and F. Hoffmann La-Roche Ltd. among others. Their various attributes such as company details, financial details, SWOT analysis, strategic overview and business overview are precisely discussed in the report.

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