Biochip Products and Services Market to Witness Major Growth upto 2026
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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.
o This report offers the following benefits in particular:
o 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
o Through analysis of leading company profiles, new launches, collaborations and agreements would be informative to professionals in corporate sector
o High level analysis section uses Porter's five forces tool to analyze the market dynamics that would be beneficial for strategic decision makers
o In-depth analysis of different segments helps to recognize and exploit future opportunities within biochip products and services market
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The biochip products and services market is segmented into three major categories such as product type, application and geography.
MARKET BY PRODUCT TYPE
o Tissue Biochips
o DNA Biochips
o Protein Biochips
o Carbohydrate Biochips
o Cellular Biochips
MARKET BY APPLICATION
o Gene sequencing and Gene Expression
o Clinical Diagnosis and Treatment (Cancer Diagnosis)
o Genomics and Toxicoginomics
o Drug Discovery
o Other Biochip Applications
MARKET BY GEOGRAPHY
o North America
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Asia Pacific IVD Market
LAMEA Oncology/Anti-cancer drugs Market
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