(PharmaNewsWire.Com, March 23, 2017 ) Global Biochips Market is expected to reach 19.17 billion by 2021
According to the report Global Biochips Market, published by Market Data Forecast, the global market is projected to reach USD 19.17billion by 2021, at a CAGR of 21.80% from 2016 to 2021.
The medicinal importance of miniaturised biological microarray chips, generally known as biochips, has produced a transforming effect on the global healthcare industry. The extensive variety of biochip applications and products have propelled the growth of the market at an extraordinary level.
Biochip products consist of microarrays of biochemical particles, which are assembled on a silicon or glass plate. These devices have functions in gene sequencing, proteomics, genomics, clinical diagnosis, and drug discovery.
The growth of the global Biochips market is mainly due to factors such as rise in the utilization of personalized medicine, demand for high speed diagnostics and increasing government funding. In addition, growing healthcare awareness is also boosting the growth of the biochips market. However, inadequate technical awareness related to biochips, low acceptance due to high cost and accessibility to alternate technologies are some of the major factors limiting the growth of the market.
The global Biochips market is segmented as follows:
1) Based onType:
DNA Chips
SNP Genotyping
Genomics
Agricultural Biotechnology
Gene Expression
Cancer Diagnosis & Treatment
Drug Discovery
Other DNA chips
Lab-On-A-Chip
Clinical Diagnostics
IVD & POC
Drug Discovery
Genomics
Proteomics
Protein Chips
Expression Profiling
High-Throughput Screening
Proteomics
Diagnostics
Drug Discovery
Other types
2) Based on End User:
Hospitals and Diagnostics Centers
Biotechnology and Pharmaceutical Companies
Academic & Research Institutes
3) Based on Fabrication Technology:
Microfluidics
Microarrays
4) Geographical Segmentation:
North America Biochips Market
Europe Biochips Market
Asia-Pacific Biochips Market
Latin America Biochips Market
Middle East and Africa Biochips Market
The recent developments in the global biochips market include the outsourcing of biochips technology, which would aid in decreasing labor cost and capital prerequisites. The major companies dominating the Biochips market in this region are Agilent Technologies Inc., Fluidigm Corporation, PerkinElmer Inc., Bio-Rad Laboratories Inc., GE Healthcare, Cepheid Inc., Illumina Inc., and Thermo Fisher Scientific Inc.
The Biochips Market study offers the following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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