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Global Biochips Market Estimated to Grow at a CAGR of 17.71% During the Forecast Period From 2020 To 2025 – Axiom MRC

06-11-2019 04:10 PM CET | Health & Medicine

Press release from: Axiom Market Research & Consulting

Axiom Market Research & Consulting

Axiom Market Research & Consulting

Biochip is a small integrated medical device, which performs several biological or biochemical reactions simultaneously. It is extremely small in size and consists of microscope slide, which is manufactured of glass, nylon, or silicon. Moreover, it is a set of microarrays which are placed on a strong surface of a substrate to allow thousands of reactions to be performed in less time such as decoding genes, screening of large number of biological analytes and finding contaminations in a few seconds.

Biochips Market Key Players:

The key market players that are dominating the biochips market include Abbott Laboratories, Agilent Technologies, Inc., Perkinelmer, Inc., Fluidigm Corporation, Illumina, Inc., GE Healthcare, Bio-Rad Laboratories Inc., Cepheid Inc., Thermo Fisher Scientific, Inc. and Roche Diagnostics.

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Biochips Market Outlook:

Various factors such as rise in prevalence of life-threatening disorders, increase in number of aged people who are susceptible to cancer, upsurge in applications of biochips and high demand for personalized medicines have driven the biochips market globally. Furthermore, growing focus on technological advancements and increasing research activities is likely to support the growth of the biochips market in the near future.

Biochips Market Segmental Overview:

The biochips market is segmented by product type, technology, application and geography.

Biochips Market by Product Type:

Based on product type, this market is segmented into DNA chips, protein chips, lab-on-a-chip and others.

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Biochips Market by Technology:

The technologies discussed in this market are microfluidics and microarray. Owing to the rising demand for POC diagnostic devices such as glucose monitoring and pregnancy test kits, the microfluidics segment is projected to witness the fastest growth in near future.

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Biochips Market by Application:

Various applications studied in this report are genomics, proteomics, drug discovery & development and in-vitro diagnostics. The development of biochips has progressively influenced the growth of the miniaturization of products and the automation of processes.

Biochips Market by Geography:

Geographically Biochips Plastic Market is studied across North America, Europe, APAC & Rest of the World.

 North America
• United States
• Canada
• Mexico

 Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Rest of the Europe

 Asia-Pacific
• China
• Japan
• India
• Rest of the APAC

 Rest of the World
• Latin America
• Middle East & Africa

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Axiom Market Research & Consulting™ offers market research and data analytics services such as syndicated market research reports, custom market research reports, business consulting, consumer/end user survey, data processing & analytical services, social media analytics across various industry verticals such as, Life Science, Chemicals &Materials, Food & Beverages, Packaging Agriculture, Power & Energy.

Market research reports are based on scientifically developed statistics and content analytics tool ‘Qual-Quant Data Model’, in which various industry vertical’s qualitative information such as market drivers, restraints, opportunities, market trends, competitive landscapes etc. are tracked and compared. The tool also helps in the extraction of market size and growth rates and compares the value chain of the industry vertical.

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