Lab Chip Devices Market: Future Forecast Indicates Impressive Growth Rate until 2026 | FMI Report

Press Release

A lab chip device is a device which assimilates one or more laboratory tasks on a sole chip to achieve high-throughput screening and automation. Dimensions of the chip may vary from few millimeters to square centimeters. LOCs handles extremely small volume of fluid which can be close to pico liters. Lab-on-a-chip devices are actually a part of Micro electro mechanical systems (MEMS). These devices are often designated by “Micro Total Analysis Systems” (µTAS). Lab Chip devices are the devices which primarily describes the manipulation. The Lab Chip devices indicates the mounting of multiple or single lab process to a chop format. Whereas Micro Total Analysis systems helps in integrating the total sequence of complete Lab processes to perform the analysis.

Basically Lab chip devices are the instruments which allows the chemical analysis or the laboratory synthesis on a very small scale. Over the past 2 decades LOC devices have shown good benefits and appreciable potential for a wide range of applications like genomic research proteomics research, point of care diagnostics, analytical chemistry, biohazards detections and environmental monitoring. Compare to the conventional devices these small devices offera a wide range of advantages. They reduce reagent and sample consumption, shortens reaction time. Also it requires a less power, portable in nature and have very less manufacturing cost as compared to the conventional bulkier Lab machines. The recent advancement in Lab Chip devices can be designed with higher precision. The flow of the samples used can be precisely controlled with the help of external valves and pumps and the analytes can be detected with high sensitivity using electrical, optical and magnetic based techniques.

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The first ever lab chip devices was created by Stanford university in the year 1979 for gas chromatography. However the actual use of lab chip devices began in the late 80s through the adaptation of micro fabrication processes and development of the micro fluids. In 1990s the scientist began to explore fluids and shorten the biochemical operation such as PCR. Recently all the most probable applications of Lab chip devices have been studied and have shown promising results. For many applications the Lab chip devices not only shows capacity of integration and parallelization but also demonstrates promising results as compared to the conventional technology. Currently these technology is widely used in molecular biology, proteomics, Cell biology and chemistry.

Region wise, the global Lab Chip Devices Market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa.North America leads the global Lab Chip Devices Market followed by Europe.

Some of the key players in global Lab Chip Devices market are Takara Bio, Inc., Biacore AB, Bio-Rad Laboratories, Ltd., Caliper Life Sciences, Cepheid. and others.

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