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Market InsightsAccording to the reports published by Market Research Future, the global lab-on-a-chip device market is projected to exhibit robust growth with registering a CAGR of 10% by the year 2023.

The lab-on-a-chip device brings diverse laboratory processes on a minimally sized integrated circuit and thus, eases the sample handling process and delivers results with excellent efficiency.Latest Free Sample Copy Available @ https://www.marketresearchfuture.com/sample_request/6215With that, quick sampling with precise results within a short span of time can easily solve problems such as drug wastage as well as drug resistance.

Therefore, lab-on-a-chip offers optimization of the process and gains traction in various corners of the pharmaceutical sector.

Similarly, other factors such as multiple advantages of microfluidic technology, rise in demand for diagnostics, expanding global population with the prediction of significant growth opportunities, and technological advancements in laboratories have amplified the penetration and growth of the lab-on-chips market globally.

By the mode of technology, the market is segmented into microarrays, microfluidics, tissue biochip, and others.By the mode of the application, the market is segmented into genomics, proteomics, the point of care diagnostics, drug discovery, and others.Lastly, accounting on the end-user, the market is segmented as hospitals and clinics, biotechnology and pharmaceutical companies, forensic laboratories, diagnostics centers, and academic & research institutes.Regional OutlookOn a geographical note, the global lab-on-a-chip device market has covered the main regions of America, Europe, Asia Pacific, and the Middle East & Africa.Among all, the Americas is the market leader and has an attractive lab-on-a-chip devices market growth owing to mounting advances in molecular biology and genetic engineering techniques as well as increasing prevalence of infectious diseases.

According to stats by the Centers for Disease Control and Prevention report in the year 2017, around 49.9% of the children between the ages of 6 months to 17 years received an influenza vaccine.

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The global infectious diseases in vitro diagnostics market size is estimated to reach USD 33.1 billion by 2027, according to a new report by Radiant Insights, Inc., registering a CAGR of 6.3% over the forecast period.

Moreover, although most diagnostics are specific to an application, upcoming diagnostic products would be able to test and confirm multiple related diseases, thus saving time and money.

Download Free Sample Report @ https://www.radiantinsights.com/research/ivd-infectious-disease-market/request-sample Presence of various e-commerce sites offering diagnostic kits, especially Point of Care (PoC) devices, is expected to drive the sales of the products through this sales channel.

Moreover, the regulatory and reimbursement landscape is continually evolving to adapt to the fast-paced research progress in this sector.

Proactive initiatives by public and private organizations to raise consumer awareness about infectious diseases and treatment modalities are expected to drive the market growth in the coming years.

Further key findings from the report suggest: • Technological advancements related to accuracy, portability, and cost-effectiveness are expected to be high impact rendering drivers for the market • Growing awareness and increasing dependency of healthcare practitioners on the usage of point-of-care diagnostic enabled medical devices and consumables are expected to drive the IVD infectious diseases market growth over the forecast period • Key applications of immunochemistry include detection of infectious microorganisms such as virus, bacteria, and fungus and their toxins and coat antigens • Development of techniques such as Polymerase Chain Reaction (PCR) and in-situ hybridization is expected to boost the molecular diagnostics segment over the forecast period • Key players include bioMérieux SA; BD; Abbott; Quidel Corporation; F. Hoffmann-La Roche Ltd.; Alere Inc.; Cepheid; Hologic Inc.; Qiagen N.V.; Orasure Technologies, Inc.; Bio-Rad Laboratories, Inc.; and Siemens Healthcare GmbH.

Growth in the HLA typing market is mainly driven by factors such as the increasing number of HLA typing procedures conducted, technological advancements in the field of HLA typing, and increasing funding for research.The global HLA typing market is projected to reach USD 1.7 billion by 2025 from USD 1.2 billion in 2019, at a CAGR of 5.9%.

However, the high costs of HLA typing products and limited reimbursements for target procedures are expected to restrain market growth in the coming years.

Along with this, the significant supply-demand gap between the number of organ donors and organs required annually is expected to challenge market growth to a certain extent.By product and service, reagents & consumables accounted for the largest market share in 2019.On the basis of product & service, the HLA typing market has been segmented into reagents & consumables, instruments, and software & services.

Factors such as the growing application horizons of molecular assay techniques in HLA typing, increasing patient emphasis on effective and early patient profiling during organ transplantation, the growing adoption of molecular diagnostic techniques in research studies, and the rising number of target procedures across major markets are driving the growth of this segment.Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=39129877Based on technology, the molecular assay technologies segment accounted for the largest share in 2019.On the basis of technology, the HLA typing market is segmented into molecular and non-molecular assay technologies.

The molecular assay technologies segment accounted for the largest share of the HLA typing market in 2019.

The growth of this segment is attributed to their benefits over non-molecular assays, such as low turnaround times, high procedural efficacy, multi-sample study capabilities, and real-time sample analysis.The diagnostic applications segment will continue to dominate the HLA typing market in 2025.On the basis of application, the market is segmented into diagnostic and research applications.