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Lab-on-a-Chip Market Trends

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Report ID: 3929
Published Date: Aug 21, 2024
Report Format: PDF, PPT

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Lab-on-a-Chip Market Trends

Growth Drivers

Growing Prevalence of Chronic Diseases
Rising Demand for Point of Care Testing Globally

Challenges

Inconsistency and Poor Reproducibility of Results Using LOC

Lab-on-a-Chip (LOC) Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	11.2%
Base Year Market Size (2023)	USD 6.54 billion
Forecast Year Market Size (2036)	USD 26 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Lab-on-a-Chip Market Size & Share, Growth Forecast 2036

Author Credits: Abhishek Verma

Report ID: 3929
Published Date: Aug 21, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of Lab-on-a-Chip is estimated at USD 7.13 billion.

Lab-on-a-Chip (LOC) Market size was over USD 6.54 billion in 2023 and is set to cross USD 26 billion by 2036, growing at more than 11.2% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by growing prevalence of chronic diseases, and rising demand for point of care testing globally.

Asia Pacific industry is predicted to hold largest revenue share by 2036, impelled by growing occurrence of cardiovascular and renal diseases, and rising developments in healthcare infrastructure in the region.

The major players in the market are Siemens AG, PerkinElmer, Inc., Becton, Dickinson, and Company, Agilent Technologies, Inc., Abaxis Inc., and others.

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