Press release
Biochips Market to RoW for Future Growth Opportunities
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 only 40% of the global market in 2014, leaving room for a large group of contributors to collectively enjoy a 51% share in the biochips market that year.
“Strategic partnerships with major industry players, the development of new and innovative products, technological advancements, and diversifying product offerings are the key strategies companies have been resorting to further their sales of biochips, penetrate into newer market areas, and gain a stronger hold over the market,” the author of the TMR study states.
Obtain Report Details:
https://www.transparencymarketresearch.com/biochips-market.html
Several companies have also increased focus on research and development in order to produce advanced products that align with ongoing technological shifts. Agilent Technologies is one such company. The US-based firm acquired Seahorse Bioscience, a manufacturer of tools for measuring cell metabolism, in November 2015.
The acquisition has helped Agilent gain unique technological expertise that complements its mass spectrometry and separations solutions, especially in the research of metabolomics and disease. Affymetrix has also been investing large amounts of funds in the research, design, and development of new assays, arrays, and reagent products.
The rising applications of biochips in a wide range of diagnostic areas, especially in drug discovery and research and veterinary diagnostics, is a key factor boosting the global market.
While the availability of molecular information and growing investments in the field will continue driving the use of biochips, TMR believes that the automation of several complex processes through the use of biochips is a major advantage that players can capitalize on.
Market Players Look to RoW for Future Growth Opportunities
The global biochips market is projected to expand at a steady 16.9% CAGR over the course of the forecast period, with the value of this market rising from US$5.7 bn in 2104 to US$22.2 bn by 2023. DNA chips form the largest segment by type in terms of revenue, with a 39.7% share in 2014.
Make Enquiry @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10151
Microfluidic devices, on the other hand, are anticipated to expand at the highest CAGR of 17.4% from 2015 to 2023. Among applications, drug discovery and development is projected to witness the maximum growth through the forecast period.
However, TMR predicts a slight dip in this segment’s market share. Despite this, drug discovery and development will continue to dominate the overall biochips market in terms of application.
In terms of geography, while North America emerged as the leading regional market for biochips valuing US$1.7 bn in 2014, the Rest of the World segment is forecast to expand at the fastest pace of 17.3% between 2015 and 2023.
“The biochips market in RoW is presently at a nascent stage, but the growing need for diagnostics in the healthcare sectors of the various regions under this segment promises to provide players with lucrative opportunities in the near future,” the TMR analyst assures.
Get TOC @ https://www.transparencymarketresearch.com/report-toc/10151
About TMR
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com
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 Biochips Market to RoW for Future Growth Opportunities here
News-ID: 830516 • Views: …
More Releases from Transparency Market Research

Steel Industry's Shift Toward Sustainability to Drive Robust Growth in Direct Re …
The global direct reduced iron (DRI) market, valued at over US$21.87 billion in 2020, is set for robust growth over the next decade. It is estimated to expand at a compound annual growth rate (CAGR) of 8% from 2021 to 2031, reaching US$50.64 billion by the end of 2031. This strong expansion reflects the increasing adoption of DRI in steel production, driven by the demand for sustainable, high-quality steel, rapid…

High Reliability Requirements in Critical Systems to Drive 5.2% CAGR Growth in t …
The global metal bellows market, valued at US$945.8 million in 2022, is poised for steady growth over the next decade. It is projected to increase at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2031, reaching US$1.5 billion by the end of 2031. This consistent expansion reflects the rising demand for metal bellows in aerospace, automotive, and oil and gas applications, driven by industrial growth, technological advancements,…

Surging Demand in Flooring, Synthetic Leather, and Paints to Propel PVC Emulsion …
The global PVC emulsion market, valued at US$3.5 billion in 2021, is poised for steady growth over the next decade. It is estimated to grow at a compound annual growth rate (CAGR) of 4.3% from 2022 to 2031, reaching US$5.1 billion by the end of 2031. This consistent expansion reflects the rising demand for PVC emulsion in construction, automotive, and textile applications, driven by urbanization, sustainability trends, and advancements in…

Dispersant Polymer Market to Hit US$14.3 Billion by 2031 as Demand Surges in Con …
The global dispersant polymer market, valued at US$7.2 billion in 2022, is set for substantial growth over the next decade. It is estimated to advance at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2031, reaching US$14.3 billion by the end of 2031. This robust expansion reflects the increasing demand for dispersant polymers in detergents, cosmetics, paints, and coatings, driven by environmental regulations, rapid industrialization, and the…
More Releases for TMR
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
TMR Research
Global 3D Animation Market: Snapshot
The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation…
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing…
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023.
Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158
Monolithic ceramics are…
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013…
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot
Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the…