Biochips Market: Increased Usage in a Wide Variety of Applications to Fuel Market Growth

Published Date : Feb 12, 2018

ALBANY, New York, February 12, 2018: has added a new market intelligence report to its storehouse of extensive and wide variety of reports. The study bearing the title, “Biochips Market, (Type: DNA Chips, Protein Chips, Microfluidic Devices; Application: Drug Discovery & Development, Genomics, Proteomics and In Vitro Diagnostics) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023” has been added to its repository. A comprehensive reports and an in-depth study of the international market for biochips comprise the said market intelligence study. The market research study elaborates on the various facets of the said market so that investors can make informed and well-thought about decisions about investment in the market for biochips. The publication mentions and details on market figures and data, geographical reports, and all of the factors that restrain and drive growth of the market. Apart from that, the study also highlights various market segmentations that are based on various market segmentations.

This market intelligence study on the international biochips market makes an offering of an all-inclusive reports for the forecast timeframe that extends from the year 2014 to the year 2023. Data for the year 2013 has been considered as historical information. The report encompasses dynamics of the market that include trends, opportunities, restraints, and drivers that are forecasted to exert influence on the international market biochips over the said period of time. The report also covers the technologies that play a crucial role in boosting the global biochips market. The study provides an all-inclusive assessment on the growth of the market over the forecast timeframe with regards to value estimates (in US$ Mn), across various regions.

The usage of biochips has brought in a transition in the sector of drug discovery and research. These biochips have the capability to identify cancer even before its symptoms surface in human bodies. In addition to that, it can easily identify virulent diseases like plague, anthrax, and smallpox within a very short period of time. Furthermore, biochips are increasingly finding its usage in various veterinary diagnostics.

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Substantial growth in the industry of healthcare, soaring demands for diagnostics and soaring medical expenses together with economic reforms in prime developing nations has been able to drive the growth of this market. 

The world market for biochips market can be segmented into the categories of type, application, and geography. In addition, the report has been sub-segmented based on the basis of types, which comprise microfluidic devices, protein chips, and DNA chips. In addition to that, the report is also categorized by application and that comprise in vitro diagnostics, proteomics, genomics, and drug discovery & development. 

The market is segmented on the basis of geographies into Europe, Asia Pacific, North America, and Rest of the World (RoW). These segments have been estimated in terms of revenue (USD million). 

Besides, the report also makes a mention of crucial developments pertaining to the world market for biochips. The study also includes reports of Porter’s Five Forces that pinpoints suppliers’ and buyers’ power to bargain, emerging threats from substitutes and new entrants, threats arising out of intense competition in the said market. Value Chain reports that ascertains the main stakeholders of the market has also been covered in the report.

A few of the prominent market players operating in the international biochips market are Cepheid Inc., Illumina Inc., Illumina Inc., GE Healthcare Ltd., Agilent Technologies Inc., Fluidigm Corporation and Affymetrix Inc.,  amongst many others.

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