Press release
Global Biochip Market Expected To Reach At A CAGR Of 17.53% Over The Forecast Period 2017-2021
Market Research Report
Biochips are mainly bio-microsystems. Bio-microsystems mainly are small incorporated devices that are employed for drug discovery, academic studies, research, biological monitoring, and biochemical reactions. If explained in a simple manner, biochips can be referred to as chips of small size that can easily conduct multiple biochemical reactions parallel. An amalgamation of micro-test sites or microarrays comprise these biochips. When these microarrays are arranged systematically on a surface of either made of silicon or glass, are capable of performing a vast pool of tests at one point of time. These chips also aid in saving time and cost at the same time.
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The global market for biochip is likely to be benefitted by the rapidly altering competitive scenario as the vendors are likely to take charge of innovations. They are expected to conduct research and development activities for gaining a competitive edge and present the market with differentiated products for further progress.
About Biochip
Biochips are bio-microsystems. Bio-microsystems are small integrated devices used for biochemical reactions, biological monitoring, research, academic studies, drug discovery, and much more. In simple terms, biochips are small sized chips that can perform multiple (generally thousands) biochemical reactions parallelly. A collection of microarrays or micro-test sites form these biochips. Microarrays when arranged on a surface made up of either glass or silicon, can perform large numbers of tests at the same. Thus, they help in cost and time saving.
Technavios analysts forecast the global biochip market to grow at a CAGR of 17.53% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global biochip market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW
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Technavio's report, Global Biochip Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Abbott
Agilent Technologies
Illumina
PerkinElmer
Thermo Fisher Scientific
Other prominent vendors
BioChain
Bio-Rad Laboratories
Cepheid
EMD Millipore
Market driver
Increase in market presence with collaboration strategy
For a full, detailed list, view our report
Market challenge
Standardization and accuracy issues
For a full, detailed list, view our report
Market trend
Growth in bioinformatics software industry
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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