Biochips Market 2019 | Develop Rapidly by Players Randox Laboratories, Fluidigm Corporation, Abbott Laboratories, Agilent Technologies, Inc., ThermoFisher Scientific, Inc., Bio-Rad Laboratories, Inc., Illumina, Inc., and PerkinElmer, Inc.

Miniaturization of laboratory facilities to save time and costs and extensive product portfolios with wide number of applications of biochips offered by manufacturer’s drives growth of biochips market. Manufacturers offer technologically advanced products in order to minimize time and costs, and improve research outcomes. For instance, Micralyne, Inc. launched Silicon MicraFluidics technology, a line of standardized microfluidic process technologies, which enabled rapid design and deployment of microfluidic-based products in February 2018. Technological advancements in biochips platform, ongoing research and development to widen the applications, and advantages offered by biochip technologies over conventional laboratory with respect to time, costs, and ease of use is expected to fuel growth of the market.

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Manufacturers are focusing on introducing innovative biochips in line with needs and demands of customers. For instance, Micralyne, Inc. launched Silicon MicraFluidics technology, a line of standardized microfluidic process technologies, which enables rapid design and deployment of microfluidic-based products in February 2018.

InDevR Inc. launched a FluChip-8G technology in February 2018, which can be used only for research purposes. InDevR Inc.’s FluChip-8G Influenza A+B Assay is based on amplification technology, DNA microarrays, and machine learning. Furthermore, in December 2017, 3dbiosurfaces and STRATEC Consumables GmbH launched 3D NS-NC slide, which is used for proteomics studies. In November 2017, Micronit Microtechnologies, Axxicon, and Helvoet collaborated to meet increasing demand for high volume polymer microfluidic products worldwide.

Active research and development of biochips technology such as microfluidics and microarrays is expected to fuel growth of the global biochips market. A new biochip-based blood test has been developed to detect elevated risk for Alzheimer’s disease and pairing this test with medical and family history can advance personalized medicine significantly. Researchers from Randox Laboratories and Medical University of Vienna presented the results of this test at the 68th American Association for Clinical Chemistry (AACC) scientific meeting in 2016.

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Furthermore, an Israel-based company, NovellusDx, used biochip technology to recreate a patient’s genetic map to identify gene mutations driving the cancer in August 2017. This technology can help oncologists to choose the right cancer therapy for patients. In February 2018, researchers from Osaka University, Japan developed a diagnostic lab-on-a-chip, which has combined terahertz waves with a microfluidic device. Integration of recent innovations with the existing biochip technologies is expected to further improve the effectiveness of these products.

Some major players operating in the biochips market include Randox Laboratories, Fluidigm Corporation, Abbott Laboratories, Agilent Technologies, Inc., ThermoFisher Scientific, Inc., Bio-Rad Laboratories, Inc., Illumina, Inc., and PerkinElmer, Inc.

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