Biochips Market Research Report – Forecast till 2030

Biochips Market Research Report Information by Type (DNA Chips, Lab-On-A-Chip, and Protein Chips), by Technology (Microarrays, and Microfluidics) By End User (Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostics Centers)-Forecast Till 2030

ID: MRFR/HC/5598-HCR | 90 Pages | Author: Rahul Gotadki | June 2023         

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Biochips Market

Biochips market is expected to reach USD 34.53 Billion at CAGR of 18.60% during the 2022 - 2030

$34.53 Billion

Market Size

18.60%

CAGR

North America

Dominating Region

2022-2030

Forecast Period
Segmentation
By Type DNA Chips Lab-On-A-Chip Protein Chips
By Technology Microarrays Microfluidics
By End User Biotechnology and Pharmaceutical Companies Hospitals Diagnostics Centers
Key Players
Companies Profiled •  Perkinelmer Inc. •   •  Fluidigm Corporation •  Agilent Technologies Inc. •  Abbott Laboratories •  Bio-Rad Laboratories Inc. •  Cepheid Inc. •  llumina Inc. •  GE Healthcare •  Thermo Fisher Scientific Inc. •  Roche Diagnostics
Drivers
Market Driving Forces •  Increasing technological advancements •  Increasing adoption of personalized medicine
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Biochips Market Overview


Biochips market was held a of USD 7,300 million in 2017 and is projected to grow at a CAGR of 18.60% over the forecast period The biochips function in a biological environment, especially inside the living organism. The biochips can perform many biological reaction operations within a few seconds. The National Cancer Institute's 2018 report shows that nearly 1,735,350 cases of cancer in the US were diagnosed, and it has been predicted that nearly 609,640 people may die due to cancer. This results in increasing awareness among the people, increasing the demand for the Biochips Market.


The global Biochips market growth is driving because of the growing technological advancements in biochips. Also, rising applications in cancer genomics are fuelling the market growth as personalized medicine is widely adopted across the world. The global Biochips market growth is boosted due to the rising applications of biochips in the forecast period. However, the global market might experience restraints due to the stringent regulatory guidelines and the high cost of the instruments.


Segmentation


The global biochips market has been segmented into type, technology, and end user.


By type, the market has been segmented into DNA chips, lab-on-a-chip, protein chips, cell arrays, and tissue arrays. DNA chips is further segmented into gene expression, SNP genotyping, cancer diagnosis & treatment, genomics, drug discovery, agricultural biotechnology, and others. Lab-on-a-chip is further segmented into clinical diagnostics, genomics, IVD (In-Vitro Diagnostic) & POC (Point of care), Proteomics, Drug Discovery, and others. Protein chips is further segmented into proteomics, expression profiling, diagnostics, high-throughput screening, drug discovery, others.


Based on technology, the market has been segmented into microarrays and microfluidics.


The biochips market, by end user, has been segmented into biotechnology and pharmaceutical companies, hospitals and diagnostics centers, academic & research institutes, and others.


The biochips global market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The market for biochips in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.  


The European biochips market has been segmented into Western Europe and Eastern Europe. The Western Europe biochips market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.   


The biochips market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The market for biochips in the Middle East & Africa has been segmented into the Middle East and Africa.   


Key players


Perkinelmer, Inc., Fluidigm Corporation, Agilent Technologies, Inc., Abbott Laboratories, Bio-Rad Laboratories Inc., Cepheid Inc., Illumina, Inc., GE Healthcare, Thermo Fisher Scientific, Inc, Roche Diagnostics are some of the prominent players in the global biochips market.


Regional Market Summary


Geographically, the Americas is anticipated to dominate the biochips global market owing to the high domestic income, and presence of major market players. Moreover, increasing patient population in US. According to American Cancer Society, the overall estimate of 1,735,350 cases for 2018 equals more than 4,700 new cancer diagnoses each day.


Europe is expected to hold the second largest position in the global biochips market. The market growth in this region is attributed to the presence of strong academic & research base and availability of funding for research in the European countries. For instance, the European Research Council (ERC) provides grants for technological and scientific research conducted within the European Union (EU).


The biochips market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be fastest growing region owing to increasing government focus on biomedical and biotechnology sector and growing number of target population in the region. 


The Middle East & Africa has the lowest share of the global biochips market. Majority of the market of the region is anticipated to be held by the Middle East region owing to the growing government initiatives for the healthcare sector. 


 Global Biochips Market, by Type:




  • DNA chips




    • Gene Expression




    • SNP Genotyping




    • Cancer Diagnosis & Treatment




    • Genomics




    • Drug Discovery




    • Agricultural Biotechnology




    • Others






  • Lab-On-A-Chip




    • Clinical Diagnostics




    • Genomics




    • IVD & POC




    • Proteomics




    • Drug Discovery




    • Others






  • Protein Chips




    • Proteomics




    • Expression Profiling




    • Diagnostics




    • High-Throughput Screening




    • Drug Discovery




    • Others






  • Cell Arrays




  • Tissue Arrays   




  • Others




Global Biochips Market, by Technology:




  • Microarrays




  • Microfluidics




Global Biochips Market, by End User




  • Biotechnology and Pharmaceutical Companies




  • Hospitals and Diagnostics Centers




  • Academic & Research Institutes




  • Others




Global Biochips Market, by Region




  • Americas




    • North America




      • US




      • Canada






    • South America






  • Europe




    • Western Europe




      • Germany




      • France




      • Italy




      • Spain




      • UK




      • Rest of Western Europe






    • Eastern Europe






  • Asia-Pacific




    • Japan




    • China




    • India




    • Australia




    • South Korea




    • Rest of Asia-Pacific






  • The Middle East & Africa




    • Middle East




    • Africa






Global Biochips Market, by Key Players:




  • Perkinelmer, Inc.




  • Fluidigm Corporation




  • Agilent Technologies, Inc.




  • Abbott Laboratories




  • Bio-Rad Laboratories Inc.




  • Cepheid Inc.




  • Illumina, Inc.




  • GE Healthcare




  • Thermo Fisher Scientific, Inc.




  • Roche Diagnostics




  • Others




Recent Development


The Year 2015


In 2015, an innovative developer of assays for dementia and risk assessment prediction, Cytox (UK) and Affymetrix (US), announced their strategic partnership. This partnership has aimed to commercialize and develop a blood-based genetic assay for the risk assessment of Alzheimer's disease. The company has received a huge help with this partnership that extends the dementia research market.


The Year 2016


In 2016, the prominent market player Thermo Fisher Scientific Inc. acquired a leading provider of genetic and cellular analysis products named Affymetrix Inc. The company Thermo Fisher has received more benefits with this acquisition that has strengthened its leadership in biosciences. Moreover, the company has also acquired new genetic analysis capabilities to enhance the applied markets and better serve clinical.Intended Audience:




  • Biochips Manufacturers and Distributors




  • Contract Research Organizations




  • Academic and Research Institutes




  • Government Associations

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 7.3 billion
  CAGR   18.60%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, technology, and end user
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Perkinelmer, Inc., Fluidigm Corporation, Agilent Technologies, Inc., Abbott Laboratories, Bio-Rad Laboratories Inc., Cepheid Inc., Illumina, Inc., GE Healthcare, Thermo Fisher Scientific, Inc, Roche Diagnostics
  Key Market Opportunities   High domestic income, and presence of major market
  Key Market Drivers

  • Increasing technological advancements
  • Increasing adoption of personalized medicine

    		•


    Frequently Asked Questions (FAQ) :

    The biochips market has been projected to achieve with 18.60% CAGR during the forecast period of 2022-2003.

    The prime factor to drive the biochips market ahead is technological development.

    The high cost of instruments and strict regulations can prevent the biochips market from growing.

    The biochips market report has technologies like microarrays and microfluidics for discussion.

    The biochips market has end users like hospitals & diagnostics centers, academic & research institutes, biotechnology & pharmaceutical companies, and others.

    Key Questions Answered

    • ✅ Global Market Outlook
    • ✅ In-depth analysis of global and regional trends
    • ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
    • ✅ To understand the capability of the major players based on products offered, financials, and strategies.
    • ✅ Identify disrupting products, companies, and trends.
    • ✅ To identify opportunities in the market.
    • ✅ Analyze the key challenges in the market.
    • ✅ Analyze the regional penetration of players, products, and services in the market.
    • ✅ Comparison of major players’ financial performance.
    • ✅ Evaluate strategies adopted by major players.
    • ✅ Recommendations
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