Press Release / Business / Lab on Chips Market Growth During Forecast Period.

Lab on Chips Market Growth During Forecast Period.

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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The ability of devices to analyze deposited samples in situ is accelerating the lab on chips market expansion. Point of care diagnostic devices allow patients to detect health conditions and diseases with the use of a drop of the patient’s blood. 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, Houston’s 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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The lab on chips market is witnessing high growth due to increased mobility of the devices that allow doctors to serve their patients from a distant location. lab on chips devices are being deployed in remote areas, such as several medical camps and villages, where healthcare equipment & services are limited for diagnosing diseases rapidly. The mobility of these systems allows the doctors to provide medical aid to the patients wherever and whenever it is needed.
Manufacturers in the market are developing smartphone-based technology that provides health monitoring and diagnosis for personalized and rapid care. For instance, in October 2017, the University of Washington and the University of Illinois at Urbana-Champaign developed a platform for point-of-care diagnosis of diseases using a smartphone.
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The diagnostic sector is projected to witness immense growth in the lab on chips market owing to the rise in the occurrence of infectious diseases. Countries including India and South Africa are the major affected areas for such diseases. In 2018, WHO reported that the African region remains the most heavily impacted area by infectious diseases. The countries are experiencing high adoption of diagnostic services for analyzing the presence of several virus and bacteria.
These devices are used by forensic facilities and pharmaceutical companies to detect the deterioration of industrial chemicals and materials. The lab on chips market also finds application in the chemical industry to facilitate as a fast heating and cooling agent for certain chemicals at the microscale level. It analyzes the risks involved in the application of chemicals in several industrial sectors, thereby preventing the effect of violent chemical reactions.
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