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 analysts for a variety of purpose. These are also used in disease diagnosis to detection of bioterrorism agents.
The Global Biochips Market is accounted for growing at a CAGR of 7.63% during the forecast period of 2019 to 2026.
This report has been comprised of a significant data along with future forecast and detailed analysis on a global and regional level. This report also explains market definitions, classifications, applications, and engagements in the Biotech and Research industry.
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Major Key players profiled in this report are:
Abbott, F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific, Cepheid, Bio-Rad Laboratories, Inc., General Electric Company, Illumina, Inc., FLUIDIGM, PerkinElmer Inc., Agilent Technologies, Predictive Biosciences, Inc., MYcroarray, Digital Genomics, Inc, Elim Biopharmaceuticals, Inc., CustomArray Inc., Falcon Genomics, Inc., Genalyte, Inc., Hologic, Inc., AGENDIA, WaferGen Bio-systems, Inc. among others.
Major Market Drivers:
- Growing applications of biochips
- Technological advancements and new product launches
- Strict regulatory guidelines
- High instrument costs
The global biochips market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biochips for global, Europe, North America, Asia Pacific and South America.
By type, global biochips market is segmented into DNA chips, lab-on-a-chip, protein chips, and other arrays.
Other arrays are sub segmented into cell arrays and tissue arrays.
On the basis of applications, global biochips market is segmented into genomics, drug discovery, gene expression, IVD & POC and proteomics.
Other applications are further sub segmented into microbial genotyping, proteomics, toxic genomics, screening and monitoring of patient data in clinical trials, and environmental biology.
On the basis of end user, global biochips market is segmented into hospital, diagnostic centers, biotechnology & pharmaceutical companies, academic & research institutes.
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