Table of Contents
6 Dimensional Assessment of Lab on a Chip Innovation Landscape
A growing trend towards miniaturizing laboratory practices has been a major driving force behind the steady increase of innovations in the space of Lab on a chip. With the advent of novel microfluidics solutions and cost effective materials for chip development, a myriad of devices for clinical and research utilization can be seen. This research report gives a comprehensive overview of the entire industrial landscape.
Lab on a chip (LOC) refers to the miniaturization of laboratory procedures which allows for more efficient usage of time in research centres across the globe. LOC platforms are the integration of multiple disciplines such as chemistry, biology, electronics, and more recently information technology. In the real world, the application of LOC are vast and rather disruptive. Though the products and devices that are being built on the LOC platform are still emerging, their level of disruptiveness in the future will be explosive. New technologies and applications are constantly emerging with strong investment support setting a trajectory of immense opportunity.
This research service offers insights primarily on seven dimensions of LOC and the enabling technologies . It also offers in-depth insights on the application areas of industries that LOC has and will have an impact in.
The seven dimensions of the research service are listed as follows:
-Year of Impact
-Breadth of Industries
-Impact on Megatrends
The trend in LOC is to make devices smaller, cheaper and easier to use. Though miniaturization has witnessed multiple developments, integration amongst disciplines and the creation of user friendly interfaces is still a formidable task for the industry as a whole. Cross disciplinary research and development will help to surpass this hurdle.
LOC is expected to have disruptive capabilities across multiple applications areas, such as point of care diagnostics, food contaminant detection, drug delivery, discovery and development along with many others. The level of development across all these application areas vary with many products getting commercialized over the next years,
The funding trends for LOC in has been constantly increasing with more venture capitals seeing the return on investment opportunities in the space and products. A large portion of the funds are targeted towards the healthcare industry and specifically the development of diagnostic tools. The private investments also seem to dominate when compared to other funding bodies.
When looking at the patent landscape and the distribution, United States seems to be the preferred option for most companies to file their patents at. This correlates to the number of players that are present in North America. Owing to the highly competitive landscape, it will be subject to high patent scrutiny when the products being developed are commercialized.
North America occupies a major part of the LOC and microfluidics market. It has the highest number of emerging start up players and the largest investment opportunities. The European market is also rather established, however, more recently Asia has started to invest more money into LOC and MEMs platforms, which has increased their growth rate significantly. It is likely that Asia will surpass Europe in the development of point of care diagnostics using LOC, MEMs and microfluidics platforms.
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