Press release
At a CAGR of 11.2% | Biochips Market with Insights on the Key Factors and Trends Impacting the Growth by 2027
Biochips Market
Increased adoption of biochip in drug discovery, proteomics, and genomics and rise in utilization of personalized medicines in cancer diagnostics are expected to boost the growth of the global biochip market.
Request a Sample Copy of the Report: https://www.alliedmarketresearch.com/request-sample/4359
Technological advancements in the sector and increased utilization in personalized medicines, cancer diagnostics, and treatment drive the growth of the global biochip market. However, high cost of R&D activities related to biochips hampers the market growth. On the other hand, improving the feasibility of biochips in drug discovery, proteomics, and genomics offers lucrative opportunities to the market players in future.
Key Players of Global biochips market Report-
• Abbott Laboratories
• PerkinElmer Inc.
• Illumina Inc.
• Bio-Rad Laboratories Inc.
• Thermo Fisher Scientific, Inc.
• Agilent Technologies Inc.
• Fluidigm Corporation
• GE Healthcare
• Cepheid Inc.
• F. Hoffmann-La Roche AG.
In addition, the report highlights key market strategies, such as partnerships, collaboration, mergers & acquisition, and new product launch, which have been adopted by these market players to sustain the intense competition in the industry.
Global biochip market Segmentation: -
By Product
• DNA Chip
• Protein Chip
• Lab-on-a-chip
• Others
By Application
• Drug Discovery & Development
• Disease Diagnostics
• Genomics
• Proteomics
• Agriculture
• Other applications
By End User
• Biotechnology and Pharmaceutical Companies
• Hospitals & Diagnostics Centers
• Academic & Research Institutes
• Other end users
Biotechnology & pharmaceutical companies segment contributed about two-thirds share of the total market, owing to high investment required for the development of a variety of biochip products. However, academic & research institutes segment is expected to register the fastest CAGR of 13.5% from 2018 to 2025, owing to the development of portable and user-friendly biochips, which can be used for academic purposes. In addition, the hospitals and diagnostics centers segment would show gradual growth during the study period.
For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/4359
By Region Outlook
• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
In 2017, Asia-Pacific region garnered about $2.02 billion and is expected to register the fastest CAGR of 12.4% during the forecast period owing to various factors such as rapidly changing healthcare infrastructure in developing economies including India and China. However, in 2017, North America was the largest revenue contributor to the global biochip market, accounting for about 41% share, owing to rise in adoption of advanced biochips and high competitor interest in the under-penetrated market.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2031?
• How big is the global & regional market in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• Which region has more opportunities?
Get Access To Full Report: https://www.alliedmarketresearch.com/biochip-market
David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
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 At a CAGR of 11.2% | Biochips Market with Insights on the Key Factors and Trends Impacting the Growth by 2027 here
News-ID: 2799066 • Views: …
More Releases from allied market research
Sensor Market Size to Reach $345.77 Billion By 2028
the sensor market in Asia-Pacific is expected to grow at the highest rate during the forecast period, owing to enormous development of IT & telecom, electronics, and automotive industries. Moreover, economically developed nations tend to witness high adoption of sensor technology in various aerospace & defense and healthcare segments, which is projected to significantly contribute toward growth of the market
According to a new report published by Allied Market Research,…
Smart Irrigation Market Size to Reach $5.57 Billion By 2030
the global smart irrigation market share is expected to witness a considerable growth, owing to increase in adoption of smart technologies, especially in emerging economies such as Asia-Pacific and LAMEA, owing to huge demand for autonomous technologies in these regions.
According to a recent report published by Allied Market Research, titled, "Smart Irrigation Market By Type, Component, End Use: Global Opportunity Analysis and Industry Forecast, 2021-2028," The global smart irrigation…
3D Printing Market Size to Reach $94.0 Billion by 2030
According to Himanshu Jangra, Lead Analyst, Semiconductor and Electronics, at Allied Market Research, "The 3D Printing market share is expected to witness considerable growth owing to increase in demand for3D printing solution across defense, automotive, healthcare sectors, especially in the U.S and Canada due to rising in demand for digital infrastructure solution in these countries.
According to a new report published by Allied Market Research, titled, "3D Printing Market, by Technology,…
Nanotechnology Market Size to Reach $33.63 Billion By 2030
The global nanotechnology market share is expected to witness a considerable growth, owing to increase in adoption of smart technologies, especially in emerging economies such as Asia-Pacific and LAMEA, owing to huge demand for autonomous technologies in these regions
According to a new report published by Allied Market Research, titled, "Nanotechnology Market By Type, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global nanotechnology market size was valued at…
More Releases for Biochips
Impact of Personalized Medicine On Biochips Market: Pivotal Factor Influencing B …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Biochips Market Size Growth Forecast: What to Expect by 2025?
In recent years, the size of the biochips market has seen significant expansion. It is forecasted to rise from $12.62 billion in 2024 to $14.72 billion in 2025, with a compound annual growth rate (CAGR) of 16.6%. The surge…
Impact of Personalized Medicine On Biochips Market: A Key Driver Powering Biochi …
The Biochips Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Biochips Market Size and Its Estimated Growth Rate?
The biochips market has seen rapid growth in recent years. It is expected to grow from $12.62 billion in 2024 to $14.72 billion in…
Primary Catalyst Driving Biochips Market Evolution in 2025: Impact of Personaliz …
Which drivers are expected to have the greatest impact on the over the biochips market's growth?
The biochips market is expected to thrive due to the rising acceptance of personalized medicines. Tailoring medical treatment according to an individual's specific characteristics like genetics or lifestyle defines personalized medicine. It's been witnessing an increase in demand on account of its ability to offer more efficient treatments, advancements in genomics, the rise in disease…
Biochips Market: Crucial Role of Biochips in Drug Discovery and Development
The vendor landscape of the global biochips market is extremely fragmented, speckled with a number of small, medium, and large enterprises. Considering that it is not a monopolistic scenario, the entry of new players is not restricted, giving vendors immense scope. In view of this, Transparency Market Research finds that despite being the leading players in the biochips market, Affymetrix Inc., Agilent Technologies Inc., and Illumina Inc. together accounted for…
Biochips Market Report
According to the new market research report, “Biochips Market, by Types (Protein Chips, DNA Chips, Lab-on-a-chip), Fabrication Technologies (Microarrays, Microfluidics), Applications (Drug Discoveries, Gene Expression, Genomics, In-vitro Diagnostics, Proteomics) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022”, published by Scalar Market Research, the global biochips market is expected to grow at a healthy rate during the forecast period.
The global biochips market report offers in-depth analysis of the…
Biochips Market Rises due to Rising Investments in Development of Biochips Techn …
Biochips are a collection of microarrays or micro-test sites fixed on a solid substrate to perform multiple tests at the same time for achieving enhanced speed and throughput. They are small, wafer-like components that are made from substrates such as soda glass, fused quartz, silicon, and plastic. Biochips are effectively a miniature laboratory that functions to perform several biochemical reactions simultaneously.
INFORMATION OF BIOCHIPS MARKET WORLDWIDE:
http://www.transparencymarketresearch.com/biochips-market.html
The positive growth rate in the…
