Lab on Chips Market Growth Potential & Forecast, 2019 – 2025

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Lab on Chips Market Size Growth During Forecast
Period.
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Key Insights from Lab on Chips Market

• Lab on Chips Market size is expected to register
  high growth over the next 6-7 years owing to
  increasing occurrence and rapid expansion of
  infectious diseases across the world. These
  diagnostic devices provide timely accurate
  detection of diseases helping in taking necessary
  precautionary measures, thereby reducing the
  number of patients to be cured in hospitals.
• The platform is widely being used for cancer and
  cardiovascular disease (CVD) biomarker sensing
  and analysis. It provides several attractive
  features such as improved sensitivity and
  label-free detection. The devices are expected to
  witness high adoption in developing and
  underdeveloped regions where low healthcare
  services are present, thereby driving the lab on
  chips market growth.

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Continued

• The minimum requirements of these systems are
  blood separation, micro sampling, and
  immunoassay. It reduces the costs incurred for
  transporting the blood samples and conducting
  diagnostic tests in the laboratory. The
  laboratories spend a large amount of money for
  the storage and management of these samples.
• POC devices help the doctors to provide results
  at a faster and more efficient rate. In February
  2018, Houstons Rice University developed mHealth
  POC device, which uses light-sensing technology
  for monitoring health conditions such as cancer.
  Such technological advancements are expected to
  drive the lab on chips market growth.

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Market research reports Key analytical components

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Major Companies in Lab on Chips Market

• Danaher Corporation
• Abbott Laboratories
• Hoffman La Roche AG
• Life Technologies Corporation
• Thermo Fischer Scientific Corporate Group
• Siemens Healthcare Ltd

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Regional Insights Lab on Chips Market

The North America lab on chips market is expected
to witness high growth due to the rapid
technological adoption and availability of these
devices in the region. The efficient diagnostic
healthcare service in the region is the major
factor responsible for the adoption of advanced
medical solutions. Countries including the U.S.
and Canada are experiencing high adoption of such
devices due to the substantial growth of the
healthcare industry. Moreover, the presence of
the major players offering such advanced devices
in the region is expected to drive the market
growth. For instance, Sensoreal Inc. is a
Canada-based company that provides point-of-care
devices for a broad range of applications
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