Global Lab-on-a-Chip Device Market Research Report 2021

Market HighlightsAccording to MRFR analysis, Organ-On-a-Chip Market is expected to register a CAGR of 53% during the forecast period of 2019 to 2025 and was valued at USD 51.3 Million in 2018.Organs-on-chips (OOCs) are small plastic devices with biocompatible microfluidic chambers, which contain multiple live human cells in a 3D culture that simulate crucial physiological functions of body organs.

These cells are placed in an environment that artificially replicates aspects of the human body, such as morphology, movement, flow, electrical stimuli, and liquid gradients.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/8498The global organ-on-a-chip market is growing owing to various reasons, such as an increase in the number of collaborative sales agreements between pharmaceutical companies and university spin-offs and the availability of advanced models of OOCs in the market.

The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The organ-on-a-chip market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.Asia-Pacific is the fastest-growing region in the market.

This is mainly due to the increased application of OOCs for drug screening for the treatment of various chronic diseases and a supportive regulatory framework in Asia-Pacific.

Such favorable factors are expected to boost market growth during the forecast period.The organ-on-a-chip market in the Middle East & Africa has been divided into the Middle East and Africa.SegmentationThe global organ-on-a-chip market has been segmented based on organ type, application, and end-user.The global organ-on-a-chip market has been segregated, based on organ type, into lung-on-chip, heart-on-chip, liver-on-chip, intestine-on-chip, kidney-on-chip, skin-on-chip, blood-brain barrier-on-chip, human-on-chip, and others.The market based on application has been branched into drug discovery, toxicology research, and others.

Innovation is likely to drive the growth of the market in the foreseeable future.

A report presented recently by Market Research Future (MRFR) has suggested that the global system-on-chip market is supposed to mark 8.3% CAGR over the forecast period.

Increasing adoption of IoT based technologies is supposed to augment the market in the upcoming years.

The MRFR report also indicates that the system-on-chip market size is supposed to value at USD 207.21 Bn by 2023, rising from USD 131.83 Bn in 2017.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/2207System-on-chip is an IC, integrated circuit, used in electronic devices.

Rising demand for scalable and compact ICs in the electrical and electronics industry is poised to influence the system-on-chip market favorably.

It encompasses both software and hardware which helps in the achievement of better response time.

October 17, 2018: In 2017, the global Lab-on-a-chip (LOC) market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.This report focuses on the global Lab-on-a-chip (LOC) status, future forecast, growth opportunity, key market and key players.

The study objectives are to present the Lab-on-a-chip (LOC) development in United States, Europe and China.The key players covered in this studyBecton, DickinsonAgilent TechnologiesPerkinElmerDanaherBio-Rad LaboratoriesThermo Fisher ScientificRocheAbbott LaboratoriesIDEX CorporationRainDance Technologies, Inc.Fluidigm CorporationTo Request A Sample Copy Of This Report at:  https://www.radiantinsights.com/research/global-lab-on-a-chip-loc-market-size-status-and-forecast-2018-2025/request-sampleMarket segment by Type, the product can be split intoIn SiliconIn GlassIn CeramicsIn MetalOther CarrierMarket segment by Application, split intoGenomics and ProteomicsDiagnosticsDrug DiscoveryMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaTable of Contents1 Report Overview1.1 Study Scope1.2 Key Market Segments1.3 Players Covered1.4 Market Analysis by Type1.4.1 Global Lab-on-a-chip (LOC) Market Size Growth Rate by Type (2013-2025)1.4.2 In Silicon1.4.3 In Glass1.4.4 In Ceramics1.4.5 In Metal1.4.6 Other Carrier1.5 Market by Application1.5.1 Global Lab-on-a-chip (LOC) Market Share by Application (2013-2025)1.5.2 Genomics and Proteomics1.5.3 Diagnostics1.5.4 Drug Discovery1.6 Study Objectives1.7 Years Considered2 Global Growth Trends2.1 Lab-on-a-chip (LOC) Market Size2.2 Lab-on-a-chip (LOC) Growth Trends by Regions2.2.1 Lab-on-a-chip (LOC) Market Size by Regions (2013-2025)2.2.2 Lab-on-a-chip (LOC) Market Share by Regions (2013-2018)2.3 Industry Trends2.3.1 Market Top Trends2.3.2 Market Drivers2.3.3 Market OpportunitiesTo Browse Full Research Report @: https://www.radiantinsights.com/research/global-lab-on-a-chip-loc-market-size-status-and-forecast-2018-2025About Radiant Insights:Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.

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The global Lab-on-a-chip (LOC) market report provides insight into the current situation of the market and predicts the recent future over the duration of 2020 to 2025.

The information mentioned in the report helps to decide the marketing strategies, wheatear to enter in the market, and to know the financial condition of the key players operating in the market for quite some time.

Additionally, it helps to decide the target audience and to strategies the marketing to seize the opportunities at right time.The report has an exclusive focus on the rapidly emerging dominant strategies among the leading players in this market.

This will help the readers gain a competitive edge in the industry and sustain the intense market competition.For Right Perspective & Competitive Insights, Request a Sample @: https://introspectivemarketresearch.com/request/11118Key Player Mentioned: Becton, Dickinson, Agilent Technologies, PerkinElmer, Danaher, Bio-Rad Laboratories, Thermo Fisher Scientific, Roche, Abbott Laboratories, IDEX Corporation, RainDance Technologies, Inc., Fluidigm CorporationProduct Segment Analysis: In Silicon, In Glass, In Ceramics, In Metal, Other CarrierApplication Segment Analysis: Application A, Application B, Application CRegional Segment Analysis: North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.

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Along with this, this report is intended to help readers thoroughly analyze the recent market trends, competitive environments in the global market during the forecast period.Who can benefit from this report?

Global Organ-on-a-chip Market Research Report: By Organ Type (Lung-on-Chip, Heart-on-Chip, Liver-on-Chip, Intestine-on-Chip, Kidney-on-Chip, Human-on-Chip), By Application (Drug Discovery, Toxicology Research, Others) and By End-User (Pharmaceutical Companies, Research Organizations, Others) – Forecast to 2027Market HighlightsAccording to MRFR analysis, Organ-On-a-Chip Market is expected to register a CAGR of 53% during the forecast period of 2019 to 2025 and was valued at USD 51.3 Million in 2018.Organs-on-chips (OOCs) are small plastic devices with biocompatible microfluidic chambers, which contain multiple live human cells in a 3D culture that simulate crucial physiological functions of body organs.

These cells are placed in an environment that artificially replicates aspects of the human body, such as morphology, movement, flow, electrical stimuli, and liquid gradients.The global organ-on-a-chip market is growing owing to various reasons, such as an increase in the number of collaborative sales agreements between pharmaceutical companies and university spin-offs and the availability of advanced models of OOCs in the market.

The ability of OOC models to reduce drug development costs drastically will be a key market driver, which is also expected to fuel market growth.

However, stringent drug regulatory processes constitute a significant restraint for the widespread use of OOCs by pharmaceutical companies.

Drug regulatory authorities scrutinize the preclinical and clinical investigational data of a drug molecule to validate and approve it.

The data generated by testing the drug in animal models and humans are required for the drug approval process.At present, the regulatory authorities do not consider the data obtained by testing the drugs on OOCs sufficient for approval.