"Designing Growth Strategies is in our DNA"

Biochips Market Size, Share & Industry Analysis, By Product Type (DNA chip, Protein chip, Lab-on-a-chip), By Application (Genomics, Drug Development, Agriculture, Others), By Fabrication Techniques (Microarrays, Microfluidics), By End User (Biotechnology & Pharmaceutical companies, Hospitals and Diagnostics centres , Academic & Research Institutes, Others) And Regional Forecast, 2024-2032

Region : Global | Report ID: FBI105582 | Status : Ongoing

 

KEY MARKET INSIGHTS

Biochip is a new type of bio -security miniaturized medical device used to accurately track information and are used in molecular biology. Biochips are capable of performing thousands of biological reactions in few seconds. Factors such as rising expenditure on the clinical research and increasing incidence of patients with cancer are augmenting the market growth. For instance as per National Cancer Institute, by 2040, it is projected that the number of new cancer cases will upsurge by 29.5 million and the number of cancer-related deaths to 16.4 million per year.


The increasing prevalence of chronic diseases is poised to help the market grow. As per world health organization (WHO), an estimated 17.9 million people died from Cardiovascular diseases (CVDs) in 2019, which represented 32% of all global deaths. Additionally, the rise in number of biochip applications along with high adoption of personalized medications are also fueling the market growth.

However, the high cost associated with the biochip instrumentation and lack of knowledge about the use and application of biochip in the emerging markets is anticipated to hamper the growth of Biochips Market in the coming years.

Key Market Driver -

Rising prevalence of chronic diseases

Key Market Restraint -

High cost associated with the instrumentation


Market Segmentation:


Globally, the biochips market can be categorized into product type, application, fabrication techniques, end users and region. Based on product type, the market can be segmented into DNA chip, protein chip, enzyme chip and lab-on-a-chip. Based on application, the market can be categorized into genomics, drug development, agriculture and others. On the basis of fabrication techniques, the market is segmented into microarrays and microfluidics. By end user, the market is segmented into biotechnology and pharmaceutical companies, hospitals and diagnostics centers academic & research institutes and others. Geographically, the biochips market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.

Key Players Covered:


Some of the major companies that are present in the biochips market are Thermo Fisher Scientific Inc., Abbott Laboratories, Agilent Technologies, Inc., PerkinElmer Inc., Fluidigm Corporation, Illumina, Inc., GE Healthcare, Bio-Rad Laboratories Inc., F. Hoffmann-La Roche AG and others prominent players.

Key Insights:



  • Key Industry Developments – Merger, Acquisitions, and Partnerships

  • Prevalence of chronic diseases in key regions

  • Key Industry Trends

  • COVID-19 Impact on Biochips Market


Regional Analysis:


Based on regional segmentation, the biochips market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to dominate the market in 2020 and is anticipated to retain its dominating position during the forecast period. Factors such as rise in geriatric population and increase in prevalence of cardiac disorders are the major factors for the growth of the North American biochips market. For example, in 2019, as per American Heart Association, 2019 around 121.5 million U.S. adults have some form of cardiovascular disease. In Europe, the market is growing owing to factors such as presence of prominent players that have adopted substantial strategies such as product launch and acquisitions etc. and rising prevalence of cancer diseases as biochips transform the way in which medical field diagnoses cancer. For Instance, in 2020, as per American cancer society, Europe accounts for 22.8% of the total cancer cases and 19.6% of the cancer deaths. Asia Pacific is supplemented by factors such as huge number of the patient pool which requires early detection of diseases and presence of major players in the market is propelling the growth. The market in Latin America and Middle East countries, and Africa is expected to grow slower than other regions due to substitute technologies and higher cost associated with it.

To gain extensive insights into the market, Request for Customization


Segmentation






























 ATTRIBUTES 

 DETAILS     

By Product Type



  • DNA chip

  • Protein chip

  • Lab-on-a-chip



By Application



  • Genomics

  • Drug Development

  • Agriculture

  • Others



By Fabrication Techniques



  • Microarrays

  • Microfluidics



By End User



  • Biotechnology & Pharmaceutical companies

  • Hospitals and Diagnostics centres

  • Academic & Research Institutes

  • Others



By Geography



  • North America (USA, Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia, and the Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and the Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, the Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and the Rest of the Middle East & Africa)



Biochips Market Industry Developments



  • In March 2020, Agilent technologies, a global leader in life sciences, diagnostics, and applied chemical markets announced the introduction of three new microarrays to meet the needs of cytogenetic laboratories in conducting both prenatal and postnatal research.

  • In April 2020, Bio-Rad Laboratories, Inc., a global leader of life science research & clinical diagnostic products, announced the acquisition of Celsee, Inc., a company which offers instruments and consumables for the isolation, detection, and analysis of single cells.


  • Ongoing
  • 2023
  • 2019-2022

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Healthcare Clients

Lek
Johnson
abbvie
Roche
Jubilant

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X