Biochips Market Trends Estimates High Demand by 2023


Posted August 6, 2018 by Lokesh_m

Biochips Market By Type, By End User, By Fabrication Technology And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2023

 
A biochip is an assembly of miniaturized test sites that are organized on a compact substrate, which allows many tests to be executed at the same time to reach higher throughput and speed. Global Biochips Market was worth $10.61 billion in 2018 and estimated to be growing at a CAGR of 21.80%, to reach $28.44 billion by 2023.

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Usually, the surface area of a biochip is no bigger than a fingernail. Like a computer chip that can accomplish millions of mathematical tasks in one second, a biochip can implement thousands of biological responses, such as decoding genes, in the duration of a few seconds.

The growth of the Global Biochips Market is mainly driven by factors such as an increased application in cancer study, surge in the utilization of personalized medicine, and increased commercial uses of biochips. However, factors such as an availability of substitute technologies, low commercial suitability due to higher costs, and standardization concerns are restraining the growth of the market.

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The Global Biochips market is segmented based on Type, End User, and Fabrication Technology. The market for Biochips, on the basis of Type is segmented into DNA Chips, Lab-On-A-Chip, and Protein Chips. DNA Chips are further segmented into SNP Genotyping, Genomics, Agricultural Biotechnology, Gene Expression, Cancer Diagnosis & Treatment, Drug Discovery, and Others. Lab-On-A-Chips are further segmented into Clinical Diagnostics, IVD & POC, Drug Discovery, Genomics, and Proteomics. Protein Chips are further segmented into Expression Profiling, High-Throughput Screening, Proteomics, Diagnostics, and Drug Discovery.

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The market has also been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America is leading the global Biochips market due to technological advancements and a large pool of ageing populace. However, Asia-Pacific is developing as one of the fastest growing market due to easy access to latest technologies, and promising government schemes.

Market Segmentation
Type
• Introduction
• DNA Chips
• Lab-On-A-Chip
• Protein Chips
• Other types
• Y-o-Y Growth Analysis, By Type
• Market Attractiveness Analysis, By Type
• Market Share Analysis, By Type

End User
• Introduction
• Hospitals and Diagnostics Centers
• Biotechnology and Pharmaceutical Companies
• Academic & Research Institutes
• Y-o-Y Growth Analysis, By End User
• Market Attractiveness Analysis, By End User
• Market Share Analysis, By End User

Fabrication Technology
• Introduction
• Microfluidics
• Microarrays
• Y-o-Y Growth Analysis, By Fabrication Technology
• Market Attractiveness Analysis, By Fabrication Technology
• Market Share Analysis, By Fabrication Technology

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Issued By Lokesh
Country India
Categories Architecture , Arts , Computers
Tags biochips market
Last Updated August 6, 2018