(PharmaNewsWire.Com, December 01, 2017 ) Market Introduction: Global Lab On-Chip and Microarrays Market
Lab on chip an evolutionary device which integrates single or many laboratory functions on a one integrated circuit commonly, a chip. Lab-on-chip generally measures about few square centimetres and used to achieve automation and high through screening. The microarray is the most recent advances in the cancer research. Microarrays help to analyse large amount of samples which have already been recorded or new samples, it even helps to test the incidence of a particular marker in tutors. There are two types of microarrays, gene expression microarrays and tissue microarrays.
Market dynamics: Global Lab On-Chip and Microarrays Market
Global lab on chip and microarrays market is mainly driven by the increase in adaptation of lab on chip and microarrays in various research fields such as drug discovery, genomics, proteomics and others. In addition, increase in demand for personalized medicine and increase in prevalence rates of cancer that led to demand for the development of R&D related to cancer diagnostics and treatment expected to boost the global lab on chip and microarrays market over the forecast period. However, high cost of devices and stringent regulations for research on genomes are expected to hamper the market growth over the forecast period.
Market Overview: Global Lab On-Chip and Microarrays Market
Market has very few and dominant players who are actively participating in research and development of the new products. Companies are launching the new products to increase the market share. For instance, in November 2016, Abbott laboratories received CE mark for its innovative blood testing device i-STAT Alinity point of care system, a portable device that can perform and analyse largest menu of blood tests on a single device. Furthermore, companies are collaborating in development of the new products. For instance, in March 2016, CombiMatrix Molecular Diagnostics (CMDX) and Array Genomics Inc. entered into collaboration agreement to develop and market a series of comparative genomic hybridization (CGH) microarray products.
Regional overview: Global Lab On-Chip and Microarrays Market
Geographically global Lab On-Chip and Microarrays is segmented as Latin America, Europe, Asia- Pacific, North America, and the Middle East & Africa. North America expected to contribute major growth in global lab-on-chip and microarrays market owing to increase in research and development activities related to cancer and gene sequencing technologies and increase in adaptation of microarray and lab-on-chip products for diagnosis. Europe is expected to be another major market owing to rising cancer prevalence that leading to the need for development of reliable and fast diagnostics. Asia Pacific is expected to grow at significant rates owing to low cost of raw materials and developing healthcare infrastructure.
Market participants: Global Lab On-Chip and Microarrays Market
Some of the key players in global lab on chip and microarrays market are Affymetrix Inc. (U.S.), Abbott Laboratories (U.S.), Agilent Technologies (U.S.), Biomerieux SA (France), Beckman Coulter Inc. (U.S.), and CombiMatrix Molecular Diagnostics (CombiMatrix Corp.) (U.S.) to name a few
Key market developments: Global Lab On-Chip and Microarrays Market
In October 2015, Affymetrix launched new genotype array, The Axiom Transplant Genotype Array, a first array focused on transplant genomics, to help scientists uncover the mechanics of transplant rejection.
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