Biochips Market is categorized into four major segments, namely, hospitals & diagnostic centers, biotechnology & pharmaceutical companies, academic & research institutes, and other end users (blood banks, CROs, forensic labs, point-of-care settings, home health agencies, nursing homes, and local public health laboratories).Similarly, based on fabrication technology, the biochips market is segmented into microarrays and microfluidics.
Complete report on Biochips Market spread across 170 pages, Profiling 12 Companies and supported with 76 Tables and 69 Figures is now available at http://www.rnrmarketresearch.com/biochips-market-by-type-dna-chip-genomics-drug-discovery-gene-expression-lab-on-a-chip-ivd-poc-proteomics-protein-chips-end-user-academics-institutes-diagnostics-centers-fabrication-technology-micr-st-to-2020-market-report.html .
The biochips market is expected to reach USD 17.75 Billion by 2020 from USD 7.63 Billion in 2015, growing at a CAGR of 18.4% during the forecast period (2015–2020). Increasing adoption of personalized medicine, growing applications of biochips, and technological advancements are the major drivers for the biochips market. However, unclear regulatory guidelines, high instrumentation costs, and absolute quantification of specific mRNA may restrain the market growth to a certain extent.
“Growing Applications of Biochips and Technological Advancements Will Boost the Growth of the Biochips Market”
North America accounted for the largest share of the biochips market in 2015. The large share of this regional segment can majorly be attributed to the rising geriatric population; increasing prevalence of lifestyle diseases, such as diabetes, asthma, and cardiac disorders; growing adoption of biochips; and a significant number of ongoing research activities and discoveries related to biochips in the North American region. In addition, major local companies have easy access to this market, which makes it the largest and most significant market for suppliers. Asia-Pacific, on the other hand, is expected to grow at the highest CAGR over the next five years.
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Increasing adoption of personalized medicine, growing applications of biochips, and technological advancements are the major drivers for the biochips market. However, unclear regulatory guidelines, high instrumentation costs, and absolute quantification of specific mRNA may restrain the market growth to a certain extent. On the other hand, developing countries are expected to offer significant growth opportunities for players operating in the biochips market.
PerkinElmer Inc. (U.S.), Fluidigm Corporation (U.S.), Illumina, Inc. (U.S.), Bio-Rad Laboratories Inc. (U.S.), Cepheid Inc. (U.S.), and Thermo Fisher Scientific, Inc. (U.S.) are the major players in the biochips market.
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Research has in depth analysis of the biochips market upcoming trends, R&D activities, and new product as well as analysis of biochips market by product type, application, end user, and manufacturer type across all regions. This research report focuses on various levels of analysis - industry analysis (industry trends) and company profiles, which together comprise & discuss basic views on competitive landscape; emerging and high-growth segments of biochips market; high-growth regions; & market drivers, restraints, & opportunities.
Biochips Market, by End User
- Biotechnology and Pharmaceutical Companies
- Hospitals and Diagnostics Centers
- Academic & Research Institutes
- Others (Blood Banks, CROs, Forensic Labs, Point-of-care Settings, Patient Self-testing, Home Health Agencies, Nursing Homes, and Local Public Health Laboratories)
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