Biochip Products and Services Market to Create Biggest Opportunities by 2025
The global biochip products and services market is expected to grow with high CAGR during forecast period, due to its increasing applications in drug discovery, genomics and proteomics. Furthermore, development of targeted and personalized medicines for treatment of cancer would also support the growth of biochip products. Manufacturing of biochip products require technical Know-how, whereas insufficient knowledge would restrict the growth of the market for these products. The other important factor that would restrict the growth of biochip products market is lack of healthcare coverage. Widening the applications of biochip products would develop new opportunities for this market. In emerging economies, governments have taken the initiative to increase healthcare awareness and this factor would help to fuel the growth of biochip products market.
Request Sample Report @ https://www.alliedmarketresearch.com/request-toc-and-sample/131
Biochip Products and Services Market by Product Types
The biochip products and services market is segmented by product type into different categories, namely tissue biochips, DNA biochips, protein biochips, carbohydrate biochips and lab-on-chips. DNA biochips represent the leading sub-segment in product types, due to its wide applications in biotechnology and drug discovery. DNA biochips market is followed by lab-on-chips and protein biochips market, due to advances in proteomics and genomics. Improvements in the field of recombinant proteins would also support the growth of protein biochips market.
Biochip Products and Services Market by Application
The biochip products and services market is segmented by application type into different sub-categories such as gene sequencing and gene expression, clinical diagnosis and treatment (Cancer diagnosis), genomics and toxicogenomics, proteomics, drug discovery and other applications. Clinical diagnosis and treatment is the leading sub-segment in application types. Cancer diagnosis and treatment segment is primarily driven by personalized medicines approved by the FDA for the treatment of cancer. Other factors supportive to the growth of cancer diagnosis segment include government funding and technological advancements.
Biochip Products and Services Market by Geography
Geographically, biochip products and services market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America is leading the market for biochip products and services due to technical advances and large pool of ageing population. Asia- Pacific is emerging as a fastest growing market for biochip products and services due to easy access to latest technologies, government initiatives and cost advantage. India, China and Singapore are the most preferred locations to set up manufacturing facilities for biochip product manufacturers, considering their infrastructure and resource availability.
The leading companies in biochip products and services market include Fluidigm Corporation, Affymetrix, Inc., Illumina, Inc., Luminex Corporation, Bio-Rad Laboratories, Perkin Elmer, and Life Technologies. To gain competitive edge, these players have focused on the strategy of collaborations, agreements and launching new products. Some of the top players in the biochip market such as Illumina, Inc., Fluidigm Corporation and Affymetrix, Inc., have shifted their manufacturing base to Asia-Pacific region to take the advantage of rising demand in this region.
High Level Analysis
In-depth analysis of market drivers, challenges and trends would be helpful to determine the product positioning strategy and gain the competitive edge. Competitive landscape section entirely focuses on key players, new launches, acquisitions, agreements and collaborations. Porter’s five forces analysis has been used to determine the attractiveness of biochip products and services market. Biochip products have major application in cancer therapy, where, large pool of population is available for diagnosis and treatment due to high prevalence of cancer across the globe. Thus, availability of large number of end-users for biochip products tends to decrease the bargaining power of buyers. High manufacturing cost of these products, forces the manufacturers for collaborations, acquisitions and agreements, which can be easily afforded by the big players. Hence, threat from new entrant is less. Manufacturing of biochip products require the knowledge of technical know-how and therefore, these products cannot be easily substituted.
Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/131
Key Benefits Biochip Products and Services Market
• This report offers the following benefits in particular:
• Comprehensive coverage of biochip products and services market along with market trends, drivers and restraints would be beneficial to understand the market dynamics and serves as a guide to professionals
• Through analysis of leading company profiles, new launches, collaborations and agreements would be informative to professionals in corporate sector
• High level analysis section uses Porter’s five forces tool to analyze the market dynamics that would be beneficial for strategic decision makers
• In-depth analysis of different segments helps to recognize and exploit future opportunities within biochip products and services market
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Biochip Products and Services Market to Create Biggest Opportunities by 2025 here
News-ID: 1608293 • Views: 334
More Releases from Allied Market Research
North America Geogrid Market 2020 Segmentation, Demand, Growth, Trend, Opportuni …
According to the report published by Allied Market Research, the North America geogrid market generated $282.0 million in 2019, and is estimated to reach $408.25 million by 2027, registering a CAGR of 7.0% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios. Surge in infrastructure development activities across the U.S. and Mexico and superior physical properties
Intravenous Immunoglobulin (IVIG) Market 2020 In-Depth Analysis of Industry Shar …
Global intravenous immunoglobulin market accounted for $8,995 million in 2017, and is projected to reach $15,964 million by 2025, registering a CAGR of 7.5% from 2018 to 2025. Immunoglobulin (Ig) is a plasma-derived product, which is obtained from the serum of healthy donors. The isolated plasma product is clinically treated and purified to Ig, which can be further used in the treatment of patients with antibody deficiency. Intravenous immunoglobulin (IVIG) finds
Asthma and COPD Drugs Market Is Expected to Witness a Steady Growth by 2026
"Asthma and COPD Drugs Market by Disease and Medication Class - Global Opportunity Analysis and Industry Forecasts, 2014-2022", projects that the global market for Asthma and COPD Drugs was valued at $38,960 million in 2015 and would reach $50,359 million by 2022, registering a CAGR of 3.7% from 2016 to 2022. Asthma segment dominated the market in 2015 and expected to continue its dominance throughout the forecast period. North America
Synthetic Biology Market in Global Industry by Top Companies, Type and Applicati …
Global Synthetic biology market is forecast to reach $38.7 billion by 2020, at a CAGR of 44.2% during the forecast period (2014 - 2020). Europe occupies largest share in the global market and would hold-on to its position throughout 2020. However, Asia Pacific is the fastest growing market with a CAGR of 46.4% from 2014 - 2020. Read Full Report @ https://www.alliedmarketresearch.com/synthetic-biology-market Synthetic biology is at a nascent stage and has recently
More Releases for Biochip
Biochip Market Trends & Outlook 2019 | Danaher Corp., Illumina, Inc., Qiagen N.V …
The biochips market growth outlook is positive with significant growth potential for DNA microarray. There is pressure on biochip manufacturers to reduce prices of biochips from medical diagnostic companies and research organizations as biochip prices are limiting the growth of the market. At the same time, increasing use of biochips in pharmaceutical research and development activities, concerns regarding animal testing, rising use of DNA microarrays for cancer diagnosis is contributing
Biochip Market To Achieve Significant Gains and Forecast Between 2018 to 2025
Qyresearchreports include new market research report “Global Biochip Market Professional Survey Report 2018” to its huge collection of research reports. In molecular biology, biochips are essentially miniaturized laboratories that can perform hundreds or thousands of simultaneous biochemical reactions. Biochips enable researchers to quickly screen large numbers of biological analytes for a variety of purposes, from disease diagnosis to detection of bioterrorism agents. Digital microfluidic biochips have become one of the most
Biochip Products Market Research Analysis By Experts 2018 To 2025
Qyresearchreports include new market research report “Global Biochip Products Sales Market Report 2018” to its huge collection of research reports. Global Biochip Products market competition by top manufacturers/players, with Biochip Products sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including Illumina Thermo Fisher Scientific Cellix GE Healthcare Randox BioDot PerkinElmer Roche Horiba Download Free exclusive Sample of this report: https://www.qyresearchreports.com/sample/sample.php?rep_id=1507482&type=S As every market is characterized by a unique set of competition between key players,
Global Biochip Market Professional Survey Report 2017
Researchmoz added Most up-to-date research on "Global Biochip Market Professional Survey Report 2017" to its huge collection of research reports. This report studies Biochip in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022. This report focuses on top manufacturers in global market, with production, price, revenue and market share
Biochip Market 2017 Trend, Analysis and Forecast to 2021
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
Biochip Market Analysis by Application and Trend 2017-2021
Biochips allow simultaneous testing of higher number of analytes to achieve high throughput and low cost per test. Nanotechnology has helped in miniaturization of devices to achieve higher performance standards. Microarrays are most important part of biochips which send signals to the biochip to deliver end results. Microfluidic biochips have become modern alternative to routine laboratories. Microfluidic technology which enables controlling flow of liquids in micro and pico quantities has