Global Biochip Market to grow at a CAGR of 17.53% during 2017-2021 | Abbott, Agilent Technologies, Illumina, PerkinElmer

Biochips are mainly bio-microsystems. Bio-microsystems mainly are small incorporated devices that are employed for drug discovery, academic studies, research, biological monitoring, and biochemical reactions. If explained in a simple manner, biochips can be referred to as chips of small size that can easily conduct multiple biochemical reactions parallel. An amalgamation of micro-test sites or microarrays comprise these biochips. When these microarrays are arranged systematically on a surface of either made of silicon or glass, are capable of performing a vast pool of tests at one point of time. These chips also aid in saving time and cost at the same time.

The global market for biochip is likely to be benefitted by the rapidly altering competitive scenario as the vendors are likely to take charge of innovations. They are expected to conduct research and development activities for gaining a competitive edge and present the market with differentiated products for further progress.

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Biochips are bio-microsystems. Bio-microsystems are small integrated devices used for biochemical reactions, biological monitoring, research, academic studies, drug discovery, and much more. In simple terms, biochips are small sized chips that can perform multiple (generally thousands) biochemical reactions parallelly. A collection of microarrays or micro-test sites form these biochips. Microarrays when arranged on a surface made up of either glass or silicon, can perform large numbers of tests at the same. Thus, they help in cost and time saving.

The global biochip market to grow at a CAGR of 17.53% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global biochip market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Technavio's report, Global Biochip Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Abbott
- Agilent Technologies
- Illumina
- PerkinElmer
- Thermo Fisher Scientific

Other prominent vendors
- BioChain
- Bio-Rad Laboratories
- Cepheid
- EMD Millipore
- Fluidigm
- SuperBioChips Laboratories
- US Biomax

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

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