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Impact of Personalized Medicine On Biochips Market: A Key Driver Powering Biochips Market Growth In 2025
Biochips
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 2025, at a compound annual growth rate (CAGR) of 16.6%. The historical growth can be attributed to the increased demand for personalized medicine, the high prevalence of chronic diseases, technological advancements, expanded applications in drug discovery, growth in research and development investments, and supportive regulatory frameworks.
The biochips market is projected to grow to $26.94 billion by 2029 at a CAGR of 16.3%. This growth is driven by point-of-care diagnostics, drug development, and personalized medicine. Key trends include advancements in microfluidics, biochips for liquid biopsy, and AI integration for data analysis.
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How Are Emerging Segments Shaping the Biochips Market Landscape?
The biochips market covered in this report is segmented -
1) By Type: Deoxyribonucleic Acid (DNA) Chips, Protein Chips, Lab-On-Chip, Tissue Arrays, Cell Arrays
2) By Technology: Microarrays, Microfluidics
3) By Application: Drug Discovery And Development, Agriculture, Genomics, Disease Diagnostics, Proteomics, Other Applications
4) By End-User: Biotechnology And Pharmaceutical Companies, Academic And Research Institutes, Hospitals And Diagnostic Centers, Other End-Users
Subsegments:
1) By Deoxyribonucleic Acid (Dna) Chips: Gene Expression Chips, Snp (Single Nucleotide Polymorphism) Chips, Dna Microarrays
2) By Protein Chips: Antibody Arrays, Protein Microarrays, Peptide Arrays
3) By Lab-On-Chip: Microfluidic Devices, Biosensors
4) By Tissue Arrays: Tumor Tissue Arrays, Normal Tissue Arrays
5) By Cell Arrays: Cell-Based Biochips, Cell Signaling Arrays
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Which Growth Factors Are Influencing Biochips Market Expansion?
The increasing adoption of personalized medicines is expected to drive the growth of the biochips market. Personalized medicine tailors treatments to individual characteristics like genetics to improve outcomes. Advances in genomics and increased disease complexity are driving the demand for personalized medicine. The Personalized Medicine Coalition reported that in February 2024, the FDA approved 16 novel personalized therapies in 2023, compared to six in 2022. As personalized medicine gains traction, the biochips market is expected to grow.
Who Are the Dominant Players Across Different Biochips Market Segments?
Major companies operating in the biochips market are Thermo Fisher Scientific Inc., Roche Diagnostics International Ltd., Zoetis Inc., Agilent Technologies Inc., PerkinElmer Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Tecan Group Ltd., Cepheid Inc., Randox Laboratories Ltd., Takara Bio Inc., Oxford Nanopore Technologies plc, Luminex Corporation, Fluidigm Corporation, Micronit Microtechnologies B.V., Sphere Fluidics Limited, Sengenics, Arrayit Corporation, CustomArray Inc., Partek Incorporated, NanoCellect Biomedical Inc., Dolomite Microfluidics, Biocartis NV
What Are the Major Trends Shaping the Biochips Market?
Companies in the biochips market are focusing on advancing technologies such as organ-on-a-chip platforms to transform drug discovery and development. Organ-on-a-chip platforms are microfluidic devices that mimic the functions and characteristics of human organs in a miniature format. For example, in April 2024, Boston Micro Fabrication (BMF), a nanotechnology research company based in the US, launched BMF Biotechnology Inc. This company specializes in biochips designed to cultivate large-scale tissues in vitro, accelerating the development of new drugs and cosmetics by providing a research platform outside the human body.
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Which Geographic Regions Are Expected to Dominate the Biochips Market in the Coming Years?
North America was the largest region in the biochips market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biochips market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Biochips Market?
2. What is the CAGR expected in the Biochips Market?
3. What Are the Key Innovations Transforming the Biochips Industry?
4. Which Region Is Leading the Biochips Market?
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