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Stock impact report

Lab on Chip Research Report 2024: Market to Reach $10.2 Billion by 2030, Driven by Demand for Customized Medication and Use of Proteomics and Genomes in Cancer Research [Yahoo! Finance]

IDEX Corporation (IEX) 
Last idex corporation earnings: 4/23 04:02 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The global lab on chip market is expected to reach an estimated $10.2 billion by 2030 with a CAGR of 8.5% from 2024 to 2030. The lab on chip market looks promising with opportunities in the hospital and clinic, biotechnology and pharmaceutical company, forensic laboratory, diagnostic center, and academic and research institute markets. The major drivers for this market are rising prevalence of chronic illnesses and growing use of proteomics and genomes in cancer research, rise in the need for customized medication, and increased expenditure in research and development by numerous governments. Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies lab on chip companies cater increasing demand, ensure competitive effectiveness, develop innovative products & Show less Read more
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