North America Lab-on-a-chip and Microarrays (Biochip) Market Size

North America Lab-on-a-chip & Microarrays Market Analysis

The North America Lab-on-a-chip and Microarrays Market size is estimated at USD 8.32 billion in 2024, and is expected to reach USD 15.76 billion by 2029, growing at a CAGR of 13.63% during the forecast period (2024-2029).

• The COVID-19 pandemic had a significant impact on the market under study because healthcare services dramatically increased due to their involvement in analyzing various biological samples. Microfluidics provided quick and reasonably priced point-of-care diagnostic instruments for COVID-19 diagnostics, which remained essential in controlling the pandemic and helped with COVID-19 diagnosis. Hence, microfluidics played a pivotal role during the pandemic phase.
• Additionally, as per an article published in December 2021 in the Viruses Journal, a microarray-based technique was created by researchers in Russia to identify immunoglobulin G (IgG) and immunoglobulin M (IgM) antibodies against type I interferons (IFN-Is), betacoronaviruses (SARS-CoV-2, SARS, MERS, OC43, and HKU1), and other respiratory viruses. This multiplex assay was used to monitor antibody cross-reactivity caused by prior exposure to comparable viruses and to pinpoint antibodies against IFN-Is as the indicators for severe COVID-19. Such research during the later phases of the pandemic fueled the adoption of microfluidics and micro-array technology for detection, leading to significant growth in the market.
• In the current times, where everything is normalized to pre-covid levels, diagnostics procedures are regularly operating, increasing the demand for microarrays. This is expected to further drive the market growth over the forecast period.
• Factors such as an increasing application of proteomics and genomics in cancer research, technological advances in microfluidics materials, and the growth of personalized medicine are anticipated to fuel the market growth over the analysis period.
• The incidence of chronic diseases is increasing the healthcare burden in countries across North America, including Canada and Mexico. For instance, as per the statistics provided by the Heart and Stroke Foundation of Canada (HSFC) in February 2022, around 750,000 people were living with heart failure in 2021, and nearly 100,000 people are diagnosed with this incurable condition each year in Canada. Thus, this statistics shows that there is a burden of CVD and associated diseases in the country, and this is further expected to increase the need for the availability of advanced CVD detection tools.
• The need for microfluidics to identify cardiovascular illnesses is rising due to the effectiveness of microfluidics devices in multiplexing the capture of several cardiac biomarkers at clinically significant concentrations. Thus, the increasing burden of chronic diseases is fueling the growth of the lab-on-chip market, as it can offer a high-throughput screening of these diseases.
• However, factors such as low commercial acceptability due to the high costs and lack of skilled labor are predicted to hinder market growth.