Lab-on-a-chip and Microarrays (Biochip) Market Globally Grow at a CAGR of 25.0% by 2023 | Global Key Players – Abbott, Affymetrix, Agilent Tech, Beckman Coulter, Biomerieux SA, Bio-Rad Lab, GE Healthcare

Marketprognosis.com Publish a New Market Research Report On “Global Lab-on-a-chip and Microarrays (Biochip) Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Lab-on-a-chip and Microarrays (Biochip) Market:

The Global Lab-on-a-chip and Microarrays (Biochip) Market is expected to register a CAGR of 25.0% during the forecast period of 2018 - 2023.

A biochip is a collection of miniaturized test sites (microarrays) arranged on a solid substrate that permits many tests to be performed at the same time, to achieve higher throughput and speed. Typically, a biochip's surface area is no larger than a fingernail. Like a computer chip, that can perform millions of mathematical operations in one-second, a biochip can perform thousands of biological reactions, such as decoding genes, in a few seconds.

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Biochips are being increasingly used in the area of biomedical and biotechnological research. With the advancement of technology in the medical field, there has been a rise in adoption of biochips in proteomics, such as in microarrays. The advantages of protein biochips include low sample consumption and its inclination towards miniaturization. For instance, protein microarrays can display multiple proteins simultaneously, and these characteristics translate into its ability to process thousands of samples parallelly. This characteristic of microarrays is important for proteome-wide analysis. Proteomics is being widely adopted for biomarker discovery and drug discovery. Moreover, the rise in demand for personalized medicine for diseases is contributing to the growth of the market. The other factors, such as increasing use of biochips in cancer treatment and diagnostics, demand for personalized medicine, and rapid technological advances in biochip technology are driving the lab-on-a-chip and microarrays (biochip) market.

A microarray (biochips) has been the technology of choice for large-scale studies of gene expression since their invention in the 1990s. Although microarray technology continues to advance, transcriptomics has expanded dramatically in the past few years, owing to the availability of new alternative technology, such as RNA-sequencing (RNA-seq) and Next Generation Sequencing (NGS).

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The United States Lab-on-a-chip and Microarrays (Biochip) Market held the largest market share in 2017 in North America due to the presence of high-quality healthcare system. In the Asia-Pacific sector, China and South Korea have been identified as potential emerging markets due to high R&D investments in the medical field.

Major Key Players:

1 Abbott Laboratories

2 Affymetrix Inc.

3 Agilent Technologies

4 Beckman Coulter Inc.

5 Biomerieux SA

6 Bio-Rad Laboratories Inc.

7 GE Healthcare

8 Life Technologies Corp. and More……………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Lab-on-a-chip and Microarrays (Biochip) Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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