Lab-on-Chip Market by Product (Reagents & Consumables, Instruments, and Software & Services), Technology (Microarray, Microfluidics, and Tissue Biochip), Application (Genomics & Proteomics, Diagnostics, and Others), and End User (Hospitals & Clinics, Diagnostic Centers, Academic & Research Institutes, and Others): Opportunity Analysis and Industry Forecast, 2018 – 2025
A lab-on-chip is a miniaturized device that integrates multiple laboratory analyses techniques onto a single chip. Different laboratory analysis techniques such as biochemical detection, DNA sequencing, PCR, and others can be seamlessly integrated through lab-on-chip technology. Different advantages associated with this technology include parallelization, high assay sensitivity, ergonomy, waste minimization, and others. The chip used for this technology can be up to a maximum of a few square centimeters in size and can handle extremely small fluid volumes, as low as pico liters. The lab-on-chip market is anticipated to experience significant growth in the near future.