Biochips Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC254

Biochips have a wide range of diversified applications ranging from accelerated drug development to disease marker identification and include a large number of applications related to research especially in the fields of genotyping, genomics and proteomics. Moreover, rapid increase in spending, especially on clinical research and allocation of substantial resources for proteomic and genomic research are some of the key factors anticipated to fuel the global biochips market over the forecast period. In addition, bio microsystem is considered as a group of integrated and miniaturized devices generally used for biochemical and biological reactions in monitoring, diagnostics, research and development and therapy. In addition, some of the key advantages of bio microsystems include integrated intelligence, parallelism, speed, low cost, redundancy and complexity. Moreover, biochip is considered to be one of most proficient examples of development in technologies of bio microsystems. Also, a biochip is a vast collection of rearranged microarrays, especially on a solid substrate, that allows thousands of difficult and complex biochemical reactions. In addition, biochips are widely used in a variety of major applications such as research in biotechnology as well as proteomics and genomics, and development and drug screening of molecular diagnostics.
 
An increasing need for the reduction of overall turnaround time as well as miniaturization of clinical and biological tests deployed for diagnosis and research have bolstered the overall demand for biochips and bio-array procedures, thus driving the global biochips market. In addition, rapid technical developments associated with aforementioned techniques as well as a wide portfolio of product on their offerings owing to new product innovations are some of the key factors anticipated to furnish the researchers with a wide range of choices to primarily suit with their specific requirements. However, since biochip systems consist of formatted probes in micro scales, especially on glass surfaces, they further require some automatic robotic tools for scanning and handling the micro scale samples. Furthermore, bioinformatics tools are in turn needed for analysis of the data. Demand for such specific techniques and tools for implementation of biochips technology is anticipated to consider biochips as a sophisticated and relatively more expensive technology.
 
The global biochips market can be segmented on the basis of type, end-user, fabrication technology and region. On the basis of type, the global biochips market can be segmented into DNA chips, lab on a chip, protein chips and other arrays. On the basis of end user, the global biochips market can be segmented into biotechnology, pharmaceutical, hospitals, diagnostic centers, research institutes, academics and others. On the basis of fabrication technology, the global biochips market can be segmented into micro arrays and micro fluidics. On the basis of region, the global biochips market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific. The significant demand of biochips in healthcare applications in Asia-Pacific is projected to be the major driving factor for the growth of global biochips market. The U.S. is anticipated to account for the largest share and lead the overall demand for biochips owing to the increasing industrial production over the last few years. The markets in other developing countries such as Brazil, Russia, Poland, Indonesia, New Zealand, Argentina and India among others are also anticipated to grow rapidly throughout the forecast period.
 
Major players operating in the global biochips market are focusing on some key market strategies such as mergers and acquisitions to keep hold in the ever competitive market. Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global market. Some of the major players in the global biochips market include Sigma Aldrich Corp., EMD Millipore, Caliper Life Sciences Inc., Agilent Technologies, and Abbott Laboratories among others.
 


FAQ

Healthcare Drone Market (By Product Type: Rotary Blade, Fixed Wing, Hybrid; By Application: Search and Rescue, Transport/Delivery, Medical Care) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Healthcare drones provide medical care facilities for the people in a few minutes to bring blood, medicines, serum snake bite, birth control, and other resources to rural areas, which in some situations could be the difference between life and death. Market Insights Increased awareness of healthcare drones is likely to fuel dema

Metal Implants and Medical Alloys Market (By Type: Titanium, Stainless Steel, Cobalt Chrome, Others; By Application: Orthopedic Implants, Cardiovascular Implants, Dental Application, Craniomaxillofacial Impnats, Neurological Implants) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The Global Metal Implants and Medical Alloys Market size is expected to garner around US$ 19.5 Bn by 2026, growing at a CAGR of around 9.2% over the forecast period 2019 to 2026. Metal implants are the biomaterials that are used to place inside or on the surface of the body. These are basically made up of stainless steel, Cobalt Chrome (CoCr) alloys, Titanium (Ti), and Ti alloys are widely used in orthopedic i

Next Generation sequencing Market (By Products and Services: NGS Platforms & Related Products, NGS Services; By Application: Oncology, Reproductive Health, Clinical Investigation, Immune System Monitoring, Agriculture & Animal Research, Epidemiology & Drug Development, Consumer Genomics; By Technology: Whole Genome Sequencing, Targeted Sequencing & Resequencing, Whole Exome Sequencing; By End Users: Academic Institutes & Research Centers, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, Other users) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The Global Next Generation Sequencing Market is expected to grow at a CAGR of around 18.7% over the forecast period 2019 to 2026 and poised to reach around US$ 20.4 Bn by 2026. Next Generation Sequencing (NGS) is a platform that enabled the sequencing of thousands to millions DNA molecules simultaneously. It is also known as the massively parallel sequencing technology. This sequencing helps in the various fie

Ultrasound Equipment Market (By Portability: Trolley/Cart-based, Compact, Handheld; By Application: Obstetrics/Gynecology, General Imaging, Vascular Applications, Cardiologic Applications, Orthopedic Applications, Urological Applications, Pain Management, Others; By Equipment Display: Black & White, Color; By Technology: Therapeutic, Diagnostic) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global ultrasound equipment market is expected to grow at a CAGR of around 6.3% from 2019 to 2026 and expected to reach the market value of around US$ 10 Bn by 2026. Ultrasound is a medical imaging technology that uses sound waves to produce pictures of body’s inside part. It helps to diagnose swelling, pain, and infection in internal organs and to examine a baby in pregnant women. Ultrasound is also

Minimally Invasive Surgery Market (By Product: Handheld Instruments, Electrosurgical Instruments, Guiding Devices, Inflation Systems, Auxiliary Instruments, Cutter Instruments; By Application: Gastrointestinal Surgery, Cardiothoracic Surgery, Orthopedic Surgery, Gynecological Surgery, Cosmetic/Bariatric Surgery, Vascular Surgery, Urological Surgery, Others; By End User: Hospitals, Ambulatory Surgery Centers, Research Institutes) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global minimally invasive surgery market is expected to grow at a CAGR of around 9.6% over the forecast period 2019 to 2026 and expected to reach the market value of around US$ 33.8 Bn by 2026. Minimally invasive surgery uses techniques to operate with less incision or damage to the body than open surgery. Hence, it is associated with less pain, fewer postoperative complications, and short

Implantable Medical Devices Market (By Product: Dental Implants, Breast Implants, Orthopedic Implants, Cardiovascular Implants, Intraocular Lens, Others) - Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global implantable medical devices market is expected to grow at a CAGR of around 7.3% over the forecast period 2019 to 2026 and expected to reach the market value of around US$ 153.8 Bn by 2026. An implant is a medical device, manufactured to support or replace any damaged organs in the body, treat imperfections in normal body functions, or enhance the functioning of body organs. These can be implanted by

Cart Summary