Advancements in the domain of molecular biology have paved way for the inflow of increased revenues within the global biochips market. The medical fraternity has embraced new technologies to analyse biological samples, and this trend shall usher an era of unhindered growth within the market. Biochips come in handy for a variety of experiments and tests within the field of pathology and microbiology. Furthermore, these chips offer accurate measurement of several biological parameters. The total volume of revenues within the global biochips market is set to increase by leaps and bounds.
Biochips Market: Snapshot
The growing application of biochips in the medical sector for drug research, cancer treatment, and diagnostics has turned out to be the driving force behind the rapid growth of the global biochips market. This market has gained much prominence in a short span of time owing to the rising need for speedy, effective, low-cost, and accurate methods of decoding genes, detecting biomarkers, and performing complex biochemical reactions. The preference for compact biochips over conventional bulky instruments indicates the wide-spread acceptance and adoption of biochips that can facilitate multiple complex and analytical protocols in a rapid and inexpensive manner.
The market is headed for steady growth in the coming years with favorable economic reforms and significant growth in the pharma sector backing its progress. Large and established players have been benefiting from increasing investments in drug discovery and research. For start-up companies, however, regulatory barriers pose a tough challenge. Be that as it may, the global biochips market is projected to expand at a favorable pace of 16.9% from 2015 to 2023.
Crucial Role of Biochips in Drug Discovery and Development
Biochips are used in various applications, the key ones being genomics, drug discovery and development, in vitro diagnostics (IVD), and proteomics. Over the years, the development of biochips has increasingly influenced the growth of the miniaturization of products and the automation of processes. The application of biochips in drug discovery and development accounted for the largest share in 2014 at 27.2%. A slight dip in market share is likely to be observed by 2023, but the segment will continue its leading streak throughout the forecast period. Looking at the shares of each of the four application segments it can be deduced that the use and role of biochips in the aforementioned categories is equally vital. The IVD segment is projected to register the highest CAGR of 17.3% from 2015 to 2023, according to TMR.
Declining Market Shares of Developed Regions Give Emerging Economies Hope
The geographical segmentation of the global biochips market includes Europe, North America, Asia Pacific, and Rest of the World (RoW). North America has been the largest revenue generator in the biochips market, accounting for a 30.7% share in 2014. Although the region is anticipated to lose market share by a slight percentage over the forecast period, it will continue to dominate the global market registering a 16.7% CAGR. Rising private equity investments in the biochips industry, the massive growth in the healthcare sector, and the increase in drug discovery and research are the key factors fueling the North American region’s competitive scenario.
Favorable economic reforms and surging mergers and acquisitions among major biochips companies are the leading driving forces of the Europe biochips market. This region, too, is anticipated to lose market share by revenue from 2015 to 2023. The Asia Pacific biochips market, on the other hand, is forecast to witness a sure albeit small rise in market share by revenue by the end of the forecast period. The rising application of biochips in the automation of various processes is driving the APAC market, especially in countries such as Japan, India, and China. The region is anticipated to expand at a 17.0% CAGR from 2015 to 2023.
Major Advancements in Molecular Diagnostics Market to Propel Growth of Biochips Market
The interest inside the worldwide biochips market has been ascending by virtue of progressions in the space of atomic science and testing. The production of biochips was a progressive accomplishment for the innovative area, and the market merchants are as yet procuring incomes through it. An enormous number of elements need to use the rewarding idea of the market for their potential benefit will bode well for this market, coupled with the increasing advancements in molecular diagnostics. The section of new producers of biochips in the market has disturbed the serious elements of the market. The degree of discontinuity in the worldwide biochips market has expanded as no single seller has a lot of the market.
The premium inside the overall biochips market has been rising by ideals of movements in the space of nuclear science and testing. The creation of biochips was a reformist achievement for the imaginative zone, and the market shippers are at this point acquiring salaries through it. The resistance in the overall biochips market is needed to climb in the years to follow. This is because a huge number of components need to utilize the remunerating thought of the market for their expected advantage. The segment of new makers of biochips in the market has upset the genuine components of the market. The level of brokenness in the overall biochips market has extended as no single merchant has a great deal of the market.
The worldwide biochips market is projected to grow in size and expansion in incomes throughout the impending years. This significantly owes to the expanding utilization of biochips in the clinical business. These chips can be implanted inside the body to track and screen various clinical boundaries. Moreover, the requirement for improved diagnostics and treatment is likewise projected to get voluminous incomes into the worldwide biochips market.
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Key Take away
1.4 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Global Overview
3.1 Introduction
3.2 Nature of the market
3.3 Market Drivers
3.3.1 Increasing investments in drug discovery and research, availability of molecular information
3.3.2 Possibility of automating processes
3.3.3 Compact biochips decrease production cost
3.4 Market Restraints
3.4.1 Stringent government regulations and standards
3.4.2 Fabrication of biochips
3.5 Market Opportunities
3.5.1 Emerging markets of Asia Pacific and Rest of the World (RoW)
3.5.2 Home monitoring biochips systems
3.6 Biochips Market: Market share of key players
3.6.1 Competitive strategies adopted by key players
3.7 Biochips Market: Market attractiveness analysis
Chapter 4 Global Biochips Market: By Type
4.1 Overview
4.1.1 Global Biochips Market Revenue Share, By Type, 2014 – 2023 (%)
4.2 Global DNA Chips Market Revenue and Forecast, 2014 – 2023, (USD Million)
4.2 Global Protein Chips Market Revenue and Forecast, 2014 – 2023, (USD Million)
4.2 Global Microfluidic Devices Market Revenue and Forecast, 2014 – 2023, (USD Million)
Chapter 5 Global Biochips Market: By Application
5.1 Overview
5.1.1 Global Biochips System Market Revenue Share, By Application, 2014 and 2023 (%)
5.2 Global Drug Discovery & Development Market Revenue and Forecast, 2014 – 2023, (USD Million)
5.3 Global Genomics Market Revenue and Forecast, 2014 – 2023, (USD Million)
5.4 Global Proteomics Market Revenue and Forecast, 2014 – 2023, (USD Million)
5.5 Global In Vitro Diagnostics Market Revenue and Forecast, 2014 – 2023, (USD Million)
Chapter 6 Global Biochips Market; By Geography
6.1 Overview
6.1.1 Global Biochips Market Revenue Share, By Geography, 2014 and 2023 (%)
6.2 North America Biochips Market, 2014 – 2023, (USD Million)
6.2.1 North America Biochips Market, By Type, 2014 – 2023, (USD Million)
6.2.2 North America Biochips Market, By Application, 2014 – 2023, (USD Million)
6.2.3 U.S. Biochips Market, 2014 – 2023, (USD Million)
6.2.3.1 U.S. Biochips Market, By Type, 2014 – 2023, (USD Million)
6.2.3.2 U.S. Biochips Market, By Application, 2014 – 2023, (USD Million)
6.2.4 Canada Biochips Market, 2014 – 2023, (USD Million)
6.2.4.1 Canada Biochips Market, By Type, 2014 – 2023, (USD Million)
6.2.4.2 Canada Biochips Market, By Application, 2014 – 2023, (USD Million)
6.2.5 Mexico Biochips Market, 2014 – 2023, (USD Million)
6.2.5.1 Mexico Biochips Market, By Type, 2014 – 2023, (USD Million)
6.2.5.2 Mexico Biochips Market, By Application, 2014 – 2023, (USD Million)
6.3 Europe Biochips Market, 2014 – 2023, (USD Million)
6.3.1 Europe Biochips Market, By Type, 2014 – 2023, (USD Million)
6.3.2 Europe Biochips Market, By Application, 2014 – 2023, (USD Million)
6.3.3 U.K. Biochips Market, 2014 – 2023, (USD Million)
6.3.3.1 U.K. Biochips Market, By Type, 2014 – 2023, (USD Million)
6.3.3.2 U.K. Biochips Market, By Application, 2014 – 2023, (USD Million)
6.3.4 Italy Biochips Market, 2014 – 2023, (USD Million)
6.3.4.1 Italy Biochips Market, By Type, 2014 – 2023, (USD Million)
6.3.4.2 Italy Biochips Market, By Application, 2014 – 2023, (USD Million)
6.3.5 France Biochips Market, 2014 – 2023, (USD Million)
6.3.5.1 France Biochips Market, By Type, 2014 – 2023, (USD Million)
6.3.5.2 France Biochips Market, By Application, 2014 – 2023, (USD Million)
6.3.6 Germany Biochips Market, 2014 – 2023, (USD Million)
6.3.6.1 Germany Biochips Market, By Type, 2014 – 2023, (USD Million)
6.3.6.2 Germany Biochips Market, By Application, 2014 – 2023, (USD Million)
6.3.7 Rest of Europe Biochips Market, 2014 – 2023, (USD Million)
6.3.7.1 Rest of Europe Biochips Market, By Type, 2014 – 2023, (USD Million)
6.3.7.2 Rest of Europe Biochips Market, By Application, 2014 – 2023, (USD Million)
6.4 Asia-Pacific (APAC) Biochips Market, 2014 – 2023, (USD Million)
6.4.1 Asia-Pacific Biochips Market, By Type, 2014 – 2023, (USD Million)
6.4.2 Asia-Pacific Biochips Market, By Application 2014 – 2023, (USD Million)
6.4.3 China Biochips Market, 2014 – 2023, (USD Million)
6.4.3.1 China Biochips Market, By Type, 2014 – 2023, (USD Million)
6.4.3.2 China Biochips Market, By Application, 2014 – 2023, (USD Million)
6.4.4 India Biochips Market, 2014 – 2023, (USD Million)
6.4.4.1 India Biochips Market, By Type, 2014 – 2023, (USD Million)
6.4.4.2 India Biochips Market, By Application, 2014 – 2023, (USD Million)
6.4.5 Japan Biochips Market, 2014 – 2023, (USD Million)
6.4.5.1 Japan Biochips Market, By Type, 2014 – 2023, (USD Million)
6.4.5.2 Japan Biochips Market, By Application, 2014 – 2023, (USD Million)
6.4.6 Rest of Asia Pacific Biochips Market, 2014 – 2023, (USD Million)
6.4.6.1 Rest of Asia Pacific Biochips Market, By Type, 2014 – 2023, (USD Million)
6.4.6.2 Rest of Asia Pacific Biochips Market, By Application, 2014 – 2023, (USD Million)
6.5 Rest of the World Biochips Market, 2014 – 2023, (USD Million)
6.5.1 Rest of the World Biochips Market, By Type, 2014 – 2023, (USD Million)
6.5.2 Rest of the World Biochips Market, By Application, 2014 – 2023, (USD Million)
6.5.3 Latin America Biochips Market, 2014 – 2023, (USD Million)
6.5.3.1 Latin America Biochips Market, By Type, 2014 – 2023, (USD Million)
6.5.3.2 Latin America Biochips Market, By Application, 2014 – 2023, (USD Million)
6.5.4 UAE Biochips Market, 2014 – 2023, (USD Million)
6.5.4.1 UAE Biochips Market, By Type, 2014 – 2023, (USD Million)
6.5.4.2 UAE Biochips Market, By Application, 2014 – 2023, (USD Million)
6.5.5 South Africa Biochips Market, 2014 – 2023, (USD Million)
6.5.5.1 South Africa Biochips Market, By Type, 2014 – 2023, (USD Million)
6.5.5.2 South Africa Biochips Market, By Application, 2014 – 2023, (USD Million)
6.5.6 Others Biochips Market, 2014 – 2023, (USD Million)
6.5.6.1 Others Biochips Market, By Type, 2014 – 2023, (USD Million)
6.5.6.2 Others Biochips Market, By Application, 2014 – 2023, (USD Million)
Chapter 7 Company Profiles
7.1 Agilent Technologies Inc.
7.2 GE Healthcare Ltd.
7.3 Illumina Inc.
7.4 Affymetrix Inc.
7.5 Fluidigm Corporation.
7.6 Cepheid Inc.
List of Tables
TABLE 1 North America Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 2 North America Biochips Market, ByApplication, 2014 – 2023, (USD Million)
TABLE 3 U.S. Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 4 U.S. Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 5 Canada Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 6 Canada Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 7 Mexico Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 8 Mexico Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 9 Europe Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 10 Europe Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 11 U.K. Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 12 U.K. Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 13 Italy Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 14 Italy Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 15 France America Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 16 France Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 17 Germany Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 18 Germany Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 19 Rest of Europe Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 20 Rest of Europe Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 21 Asia Pacific Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 22 Asia Pacific Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 23 China Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 24 China Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 25 India Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 26 India Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 27 Japan Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 28 Japan Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 29 Rest of Asia Pacific Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 30 Rest of Asia Pacific Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 31 Rest of the World Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 32 Rest of the World Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 33 Latin America Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 34 Latin America Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 35 UAE Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 36 UAE Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 37 South Africa Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 38 South Africa Biochips Market, By Application, 2014 – 2023, (USD Million)
TABLE 39 Others Biochips Market, By Type, 2014 – 2023, (USD Million)
TABLE 40 Others Biochips Market, By Application, 2014 – 2023, (USD Million)
List of Figures
FIG. 1 Market Segmentation of Biochips Market
FIG. 2 Snapshot: Biochips Market
FIG. 3 Market Dynamics: Market Drivers & Restraints
FIG. 4 Market Share of Key Players, 2014 (%)
FIG. 5 Market Attractiveness Analysis, By Type, 2014
FIG. 6 Biochips market, By Type
FIG. 7 Global Biochips Market Revenue Share, By Type, 2014 and 2023
FIG. 8 Global DNA Chips Market, 2014 – 2023, (USD Million)
FIG. 9 Global Protein Chips Market, 2014 – 2023, (USD Million)
FIG. 10 Global Microfluidic Devices Market, 2014 – 2023,(USD Million)
FIG. 11 Biochips Market, By Application
FIG. 12 Global Biochips Market Revenue Share, By Application, 2014 and 2023
FIG. 13 Global Drug Discovery & Development Market Revenue Share, 2014 – 2023, (USD Million)
FIG. 14 Global Genomics Market Revenue Share, 2014 – 2023, (USD Million)
FIG. 15 Global Proteomics Market Revenue Share, 2014 – 2023, (USD Million)
FIG. 16 Global In Vitro Diagnostics Market Revenue Share, 2014 – 2023, (USD Million)
FIG. 17 Global Biochips Market, By Geography
FIG. 18 Global Biochips Market Revenue Share, 2014 and 2023
FIG. 19 North America Biochips Market, 2014 – 2023, (USD Million)
FIG. 20 U.S. Biochips Market, 2014 – 2023, (USD Million)
FIG. 21 Canada Biochips Market, 2014 – 2023, (USD Million)
FIG. 22 Mexico Biochips Market, 2014 – 2023, (USD Million)
FIG. 23 Europe Biochips Market, 2014 – 2023, (USD Million)
FIG. 24 U.K. Biochips Market, 2014 – 2023, (USD Million)
FIG. 25 Italy Biochips Market, 2014 – 2023, (USD Million)
FIG. 26 France Biochips Market, 2014 – 2023, (USD Million)
FIG. 27 Germany Biochips Market, 2014 – 2023, (USD Million)
FIG. 28 Rest of Europe Biochips Market, 2014 – 2023, (USD Million)
FIG. 29 Asia-Pacific Biochips Market, 2014 – 2023, (USD Million)
FIG. 30 China Biochips Market, 2014 – 2023, (USD Million)
FIG. 31 India Biochips Market, 2014 – 2023, (USD Million)
FIG. 32 Japan Biochips Market, 2014 – 2023, (USD Million)
FIG. 33 Rest of Asia-Pacific Biochips Market, 2014 – 2023, (USD Million)
FIG. 34 Rest of the World Biochips Market, 2014 – 2023, (USD Million)
FIG. 35 Latin America Biochips Market, 2014 – 2023, (USD Million)
FIG. 36 UAE Biochips Market, 2014 – 2023, (USD Million)
FIG. 37 South Africa Biochips Market, 2014 – 2023, (USD Million)
FIG. 38 Others Biochips Market, 2014 – 2023, (USD Million)
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