Press Release
Global Biochips Market is Expected to Reach $22 Billion by 2024, Says Variant Market Research
 Published Date:  May 2017  Publish By: Variant Market Research

Global Biochips Market Report, published by Variant Market Research, forecast that the global market is expected to reach $22 billion by 2024 from $6 billion in 2016; growing at a CAGR of 15.5% from 2016 to 2024. By geography, Asia Pacific and RoW are expected to grow at a CAGR of 16.7% and 15.6%, respectively, during the forecast period.

"Biochips Market (By Type: Protein Chips, Microfluidic Devices and DNA Chips; By Application: Proteomics, Genomics, Drug Discovery & Development, and In Vitro Diagnostics (IVD); By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024"

To browse the complete report, visit at  https://www.variantmarketresearch.com/report-categories/semiconductor-electronics/biochips-market

The global biochips market is majorly driven by increasing advancements in technologies, growing generic drug market along with increasing demand for customized medicines. Moreover, rising prevalence of cancer & HIV globally, and expanding applications of biochips in drug discovery also boost the growth of the market. However, high cost instruments and absence of appropriate regulations may limit the growth of the market. Furthermore, expanding applications in point-of-care diagnostics, drug lead identification and platform for cattle disease detection is expected to provide market opportunities during forecast period.

The global biochips market has been bifurcated into type, application and geography. By type, the market is further segmented into protein chips, DNA chips, and microfluidic devices. DNA chips accounted for the largest market share in the type segment accounting for 39.4% in 2016, followed by protein chips with 35.5% in 2016. Furthermore, the market by application is segmented as genomics, drug discovery & development, proteomics and in vitro diagnostics (IVD). In vitro diagnostics (IVD) is expected to dominate the market in the application segment with highest CAGR during the forecast period 2016-2024; owing to the rising demand for accurate detection and diagnosis of genetic disorders.

Geographically, the global biochips market is categorized into North America, Europe, Asia-Pacific and Rest of the World. In 2016, North America accounted for the largest market share of 32.2%, owing to the advancements in biochip technology and increasing popularity of customized medicine. However, Asia Pacific is expected to dominate the market with fastest CAGR during the forecast period, due to increasing health-consciousness and increased spending on research & development for advanced diagnostic techniques.

The major companies in the biochip market include Affymetrix Inc., Fluidigm Corporation, Abbott Laboratories, Illumina Inc., GE Healthcare, Agilent Technologies Inc., Bio-Rad Laboratories, Roche Diagnostics, Cepheid Inc., and Sigma-Aldrich Corporation, among others.

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Value Chain Analysis
    3.4 Market Dynamics
          3.4.1 Drivers
                   3.4.1.1 Impact Analysis
          3.4.2 Restraints
                   3.4.2.1 Impact Analysis
          3.4.3 Opportunities
    3.5 Porter’s five forces analysis
          3.5.1 Factors Impact Analysis
Chapter 4 Biochips Market by Type: Market Size and Forecast, 2015 – 2024
    4.1 Protein Chips
          4.1.1 Current Trend and Analysis
          4.1.2 Market Size and Forecast
    4.2 Microfluidic Devices
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast
    4.3 DNA Chips
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast
Chapter 5 Biochips Market by Application: Market Size and Forecast, 2015 – 2024
    5.1 Proteomics
          5.1.1 Current Trend and Analysis
          5.1.2 Market Size and Forecast
    5.2 Genomics
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast
    5.3 Drug Discovery & Development
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast
    5.4 In Vitro Diagnostics (IVD)
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast
Chapter 6 Biochips Market by Geography: Market Size and Forecast, 2015 – 2024
    6.1 North America
          6.1.1 Current Trend and Analysis
          6.1.2 Market Size and Forecast
          6.1.3 US
          6.1.4 Canada
          6.1.5 Mexico
    6.2 Europe
          6.2.1 Current Trend and Analysis
          6.2.2 Market Size and Forecast
          6.2.3 U.K.
          6.2.4 Italy
          6.2.5 France
          6.2.6 Germany
          6.2.7 Others
    6.3 Asia-Pacific
          6.3.1 Current Trend and Analysis
          6.3.2 Market Size and Forecast
          6.3.3 China
          6.3.4 India
          6.3.5 Japan
          6.3.6 Others
    6.4 RoW
          6.4.1 Current Trend and Analysis
          6.4.2 Market Size and Forecast
          6.4.3 Middle East
          6.4.4 South America
          6.4.5 Africa
Chapter 7 Company Profiles
    7.1 Agilent Technologies Inc.
    7.2 Fluidigm Corporation
    7.3 Abbott Laboratories
    7.4 Affymetrix Inc
    7.5 GE Healthcare
    7.6 Roche Diagnostics
    7.7 Illumina Inc
    7.8 Cepheid Inc.
    7.9 Bio-Rad Laboratories
    7.10 Sigma-Aldrich Corporation

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