2027 Biochip Market Future Scope and Emerging Opportunities led by Abbott, Illumina, GENERAL ELECTRIC, Agilent Technologies, PerkinElmer, F. Hoffmann-La Roche, Fluidigm Corporation

The "Global Biochip Market Analysis to 2027" is a specialized and in-depth study of the biotechnology industry with a focus on the global market trend. The report aims to provide an overview of global biochip market with detailed market segmentation by type, end-user, and geography. The global biochip market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

A biochip is a collection of microarrays (micro-test sites), that is arranged on a solid substrate. A biochip is also known as genetic chip that allows the multiple diagnostic or clinical tests at the same time to be performed. This chip can performs a thousands in number of biochemical reactions in few seconds. The biochips are used for various purposes such as DNA analysis, oxygen detection, pH detection and genetic decoders among others.

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The biochip market is anticipated to grow with a significant rate in the coming years, owing to factors such as, increasing development of targeted and personalized medicines for cancer treatment, growing applications in the field of proteomics, genomics, gene sequencing, drug discovery and many more. However, the increasing applications for biochips is anticipated to offer growth opportunities for the players operating in the biochip market.

Key Benefits-

• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Biochip market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

North America accounted for the largest market share of biochip market, owing to the factors such as, increasing R&D activities and rising prevalence of cancer in the region. However, Asia-Pacific region is expected fastest growth during the forecast period owing to rising geriatric population in the region.

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The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

The report also includes the profiles of key biochip manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

Key Players influencing the market-
1. Thermo Fisher Scientific Inc
2. Bio-Rad Laboratories, Inc.
3. Abbott
4. Illumina, Inc.
5. GENERAL ELECTRIC
6. Agilent Technologies, Inc.
7. PerkinElmer Inc.
8. F. Hoffmann-La Roche Ltd
9. Fluidigm Corporation
10. Cepheid

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About Us - The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Healthcare IT, Biotechnology and Medical Device industries.

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This release was published on openPR.