23-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Bio Chips Market By Product (DNA Chip, Protein Chip, Lab-on-Chip and, Others), By Application (Drug Discovery and Development, Disease Diagnostics, Genomics, Proteomics, Agriculture, and Others) and By End-User (Biotechnology and Pharmaceutical Sector, Hospitals and Diagnostics Centers, Academic and Research Institutes, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Bio Chips market in 2019 was approximately USD 14.7 billion. The market is expected to grow at a CAGR of 21.1% and is anticipated to reach around USD 56.5 billion by 2026.
A biochip is a set of microarrays organized into a solid substructure that allows thousands of complex biochemical reactions to decode genes in less time to identify different biological data. Biochip research is primarily used for on-site diagnosis. Biochips are also subject to other diagnostic uses, including microarray technology, microfluid technology, and biosensors. An analytical data on organic molecules linked to living organisms may also be provided by a biochip. It helps to recognize airborne toxins, pathogens, gene sequences, and other biochemical components.
Browse the full “Bio Chips Market By Product (DNA Chip, Protein Chip, Lab-on-Chip and, Others), By Application (Drug Discovery and Development, Disease Diagnostics, Genomics, Proteomics, Agriculture, and Others) and By End-User (Biotechnology and Pharmaceutical Sector, Hospitals and Diagnostics Centers, Academic and Research Institutes, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/bio-chips-market-by-product-dna-chip-protein-896
Growing incidence of cancer, increased government support, R&D investment in biotechnology, increased interest in personalized medicines, and a substantial increase in regional health expenditure, technical innovation in biotechnology and the increasing use of biochips are some of the key factors that stimulate market development.
However, increased government support and R&D investment in the biotech industry are the primary drivers of growth in the global biochip market. In many countries, private companies and governments have become increasingly aware of the many benefits of biotechnology. All of these bodies are also active in biotechnological-related investment. While its advantages are much more conducive to the growth of the sector, there are a number of compelling reasons to restrict the expansion of the global market for biochips. The lack of adequate knowledge of biochip technology is a major constraint that reduces demand for biochip products.
In the global market for biochips, DNA chips led the type market, capturing the largest market share of 38% in 2019. DNA chips are anticipated to bolster even more over the forecast period owing to its variety of applications such as cancer diagnosis and treatment, gene expression, agricultural biotechnology, drug discovery, genomics, and others. In addition, the technological advancement in the field of DNA biochips, coupled with their increasing adoption in cancer diagnostics is set to bolster the market over the forecast period.
Some of the essential players operating in the Bio Chips market, but not restricted to include Horiba Ltd., Fluidigm Corporation, PerkinElmer, Inc., Dynamic Biosensors GmbH, OriGene Technologies, Inc., Illumina, Inc., Bio-Rad Laboratories, Inc., Qiagen N.V., Thermo Fisher Scientific, Inc., Randox Laboratories Limited, and others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 14.7 Billion |
Projected Market Size in 2026 |
USD 56.5 Billion |
CAGR Growth Rate |
21.1% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Horiba Ltd., Fluidigm Corporation, PerkinElmer, Inc., Dynamic Biosensors GmbH, OriGene Technologies, Inc., Illumina, Inc., Bio-Rad Laboratories, Inc., Qiagen N.V., Thermo Fisher Scientific, Inc., Randox Laboratories Limited, and others. |
Key Segment |
By Product, By Application, By End-User, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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This report segments the Bio Chips market as follows:
Global Bio Chips Market: By Product Segmentation Analysis
- DNA Chip
- Protein Chip
- Lab-on-Chip
- Other
Global Bio Chips Market: By Application Segmentation Analysis
- Drug Discovery and Development
- Disease Diagnostics
- Genomics
- Proteomics
- Agriculture
- Others
Global Bio Chips Market: By End-User Segmentation Analysis
- Biotechnology and Pharmaceutical Sector
- Hospitals and Diagnostics Centers
- Academic and Research Institutes
- Others
Global Bio Chips Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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