Global Biochips Market is Anticipated to Grow at a CAGR of 7.63% during Forecast Period 2018 – 2024

The global biochips market is accounted for USD 13.23 billion in 2016 growing at a CAGR of 7.63% during the forecast period of 2017 to 2024. The biochips market is majorly driven by the following driving factors such as increasing demand for customized medicines, growing applications in drug discovery and rising occurrence of HIV and cancer. However, high cost of devices and lack of regulations might hinder the growth of the market. Furthermore, growing applications of biochips for the point-of-care diagnostics and development of advanced devices for cattle disease detection and drug lead identification would provide growth opportunities for the market.

Due to its growing applications in drug discovery, genomics & proteomics, widening in the applications of biochip products, ongoing developments associated with further contraction of biochips, and additional usage of genetic sequencing methodologies such as cancer genomics are some of the key drivers of the global biochips market. Although, insufficient knowledge in the manufacturing of biochip products, lack of healthcare coverage, and expensive instruments may restrict the market growth. However, initiatives taken by government to increase healthcare awareness and growing applications in point-of-care diagnostics are some of the factors which will further fuel the market during forecast period.

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The global biochips market is accounted for USD 13.23 billion in 2016 growing at a CAGR of 7.63% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast by 2024.

Biochips are used in molecular biology, is a miniaturized device which can perform thousands of simultaneous biochemical reactions. Biochips are used to quickly screen large numbers of biological analytes for a variety of purpose. These are also used in disease diagnosis to detection of bioterrorism agents.

The major players in global Biochips market include:

  • Abbott
  • Hoffmann-La Roche Ltd.
  • Thermo Fisher Scientific
  • Cepheid
  • Bio-Rad Laboratories, Inc.
  • General Electric Company
  • Illumina, Inc.
  • PerkinElmer Inc.
  • Agilent Technologies
  • Predictive Biosciences, Inc.
  • MYcroarray, Digital Genomics, Inc
  • Elim Biopharmaceuticals, Inc.
  • CustomArray Inc.
  • Falcon Genomics, Inc., Genalyte, Inc.
  • Hologic, Inc.
  • WaferGen Bio-systems, Inc.

Major market Drivers and Restraints:

  • Growing applications of biochips
  • Technological advancements and new product launches
  • Strict regulatory guidelines
  • High instrument costs

Several important Key questions answer covered in this Biochips market research report:

  • What is status of Biochips Market? -This Overview Includes Analysis of Scope, Prospect, Growth trend, Sales by regions, manufacturers, types and applications.
  • What trends, challenges and barriers are influencing its growth?
  • What is Biochips Market forecasts ? – Considering Sales, Revenue, Growth rate, Price and Trends for Regions, Types and Applications?
  • Who Are Biochips Market Key Manufacturers?
  • What will be the market size and the growth rate in 2024? -What are the key factors driving the global Biochips market?
  • What are the key outcomes of the distinct analysis of the world Biochips Market-Analysis done by considering prime elements?

Market Segmentation

Market Type

  • DNA Chip
  • Lab-on-a-chip
  • Protein Chips

Fabrication Technology

  • Microarrays
  • Microfluidics

End user

  • Hospital
  • Diagnostic Centers
  • Biotechnology & Pharmaceutical Companies,
  • Academic & Research Institutes

Table of Contents:

  1. Introduction, Methodology & Product Definitions
  2. Industry Overview
  3. Growth Drivers, Market Trends, And Challenges
  4. Innovations In The Biochips Industry
  5. Product Overview
  6. Biochip And Microarray Construction
  7. Applications Of Biochips
  8. Competitive Landscape
  9. Global Market Perspective
  10. Regional Market Perspective
  11. Company Profiles

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Research Methodology:

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or drop down your enquiry.

Demand Side Primary Contributors:

Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.

Supply Side Primary Contributors:

Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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Posted by on Friday March 22 2019, 5:16 PM EDT. All trademarks acknowledged. Filed under Business Services. Comments and Trackbacks closed. Follow responses: RSS 2.0

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