Market Research Future presents, "Global Biochips Market 2023" to its offering with an in-depth analysis of regional data and an accurate projection of the market size and share of the Top 10 market players across the globe.
Pune, India - August 23, 2019 /MarketersMedia/ —
Biochips are intended to function in biological environment, preferably inside living organism. The factors such as increasing technological advancements in biochips is the major driving factor for the market. Moreover, increasing adoption of personalized medicine, as personalised medicine has many applications in cancer genomics. Furthermore, growing applications of biochips will boost the market growth during forecast period. For instance, biochips can perform thousands of biological reactions operations in few seconds.
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Global Biochips Market held a market value of USD 7,300 million in 2017, according to the MRFR. The market is expected to exhibit a strong 16.6% CAGR over the forecast period from 2018 to 2023, according to the report.
However, high cost of the instruments and stringent regulatory guidelines may restrain the growth of the market.
According to national Cancer Institute, in 2018, an estimated 1,735,350 new cases of cancer were diagnosed in the United States and 609,640 people may die from the disease.
Competitive Landscape:
Perkinelmer, Inc., Fluidigm Corporation, Agilent Technologies, Inc., Abbott Laboratories, Bio-Rad Laboratories Inc., Cepheid Inc., Illumina, Inc., GE Healthcare, Thermo Fisher Scientific, Inc, Roche Diagnostics are some of the prominent players in the global biochips market.
Segmentation:
The Global Biochips Market has been segmented into type, technology, and end user.
By type, the market has been segmented into DNA chips, lab-on-a-chip, protein chips, cell arrays, and tissue arrays. DNA chips is further segmented into gene expression, SNP genotyping, cancer diagnosis & treatment, genomics, drug discovery, agricultural biotechnology, and others. Lab-on-a-chip is further segmented into clinical diagnostics, genomics, IVD (In-Vitro Diagnostic) & POC (Point of care), Proteomics, Drug Discovery, and others. Protein chips is further segmented into proteomics, expression profiling, diagnostics, high-throughput screening, drug discovery, others.
Based on technology, the market has been segmented into microarrays and microfluidics.
The biochips market, by end user, has been segmented into biotechnology and pharmaceutical companies, hospitals and diagnostics centers, academic & research institutes, and others.
Regional Market Summary
Geographically, the Americas is anticipated to dominate the global biochips market owing to the high domestic income, and presence of major market players. Moreover, increasing patient population in US. According to American Cancer Society, the overall estimate of 1,735,350 cases for 2018 equals more than 4,700 new cancer diagnoses each day.
Europe is expected to hold the second largest position in the global biochips market. The market growth in this region is attributed to the presence of strong academic & research base and availability of funding for research in the European countries. For instance, the European Research Council (ERC) provides grants for technological and scientific research conducted within the European Union (EU).
The biochips market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be fastest growing region owing to increasing government focus on biomedical and biotechnology sector and growing number of target population in the region.
The Middle East & Africa has the lowest share of the global biochips market. Majority of the market of the region is anticipated to be held by the Middle East region owing to the growing government initiatives for the healthcare sector.
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LIST OF TABLES
Table 1 Global Biochips Market Synopsis, 2018–2023
Table 2 Global Biochips Market Estimates And Forecast, 2018–2023
(USD Million)
Table 3 Global Biochips Market, By Region, 2018–2023 (USD Million)
Table 4 Global Biochips Market, By Type, 2018–2023 (USD Million)
Table 5 Global Biochips Market, By Technology, 2018–2023(USD Million)
Table 6 Global Biochips Market, By End User, 2018–2023 (USD Million)
Table 7 North America: Biochips Market, By Type, 2018–2023 (USD Million)
Table 8 North America: Biochips Market, By Technology, 2018–2023 (USD Million)
Table 9 North America: Biochips Market, By End User, 2018–2023 (USD Million)
Table 10 US: Biochips Market, By Type, 2018–2023 (USD Million)
Table 11 US: Biochips Market, By Technology, 2018–2023 (USD Million)
Table 12 US: Biochips Market, By End User, 2018–2023 (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Biochips Market
Figure 3 Segmentation Market Dynamics For Global Biochips Market
Figure 4 Global Biochips Market Share, By Type, 2017
Figure 5 Global Biochips Market Share, By Technology, 2017
Figure 6 Global Biochips Market Share, By End User, 2017
Figure 7 Global Biochips Market Share, By Region, 2017
Figure 8 North America: Biochips Market Share, By Country, 2017
Figure 9 Europe: Biochips Market Share, By Country, 2017
Figure 10 Asia-Pacific: Biochips Market Share, By Country, 2017
Figure 11 Middle East & Africa: Biochips Market Share, By Country, 2017
Figure 12 Global Biochips Market: Company Share Analysis, 2017 (%)
Figure 13 Perkinelmer, Inc. : Key Financials
…Continued!
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