Global biochip market is expected to reach USD 25,342.61 Million by 2026 at a CAGR of 12.0% during the forecast period 2019-2026. Increasing instances of life threatening disorders and rising demand of personalized medicines are the two factors which may propel growth of the biochip market.
Biochips are defined as miniaturized laboratories, which can undertake simultaneous biochemical reactions. These devices are used in molecular laboratories to speedily screen a number of biological analytes for an array of applications such as disease diagnosis and detection of hazardous biological agents in a system. They are made on the basis of microarray and microfluidic technologies, among which digital microfluid biochip is highly efficient, and has gained significant popularity in the biochemical field.
Global Biochip Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
The biochip market is segmented on the basis of product, application and end user.
Regional Segmentation Analysis:
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the global biochip market with USD 4,215.49 Million in 2018 where as the Asia Pacific is a rapidly growing region in the market.
Global Biochip Market Competitive Analysis:
Key players in the biochip market are bioMérieux SA, Bio-Rad Laboratories, Inc., Fluidigm Corporation, F. Hoffmann-La Roche AG, HORIBA, Ltd., Illumina, Inc., PerkinElmer, Inc., QIAGEN N.V., Randox Laboratories Ltd., and Thermo Fisher Scientific Inc., Micronit Microfluidics BV, OriGene Technologies, Inc., ANALIS SA/NV, AMS Alliance, and Dynamic Biosensors GmbH. For instance, in June 2017, Biochips for wound healing - Complex biology and chip technology have been combined at the Vienna University of Technology. This enables customized, personalized medicine on the smallest spaces.
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This study forecasts revenue growth and volume at global, regional, and country levels from 2016 to 2026. Fior Market Research has segmented the global biochip market on the basis of below mentioned segments:
Global Biochip Market, By Product:
Global Biochip Market, By End User:
Global Biochip Market, By Application:
Global Antibiotics Market, By Regions:
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