The global biochips
market is foreseen to grow at 13.5%, from USD 17.5 Billion in 2021 to USD 48.2
Billion in 2029. Growing R&D in proteomics and genomics, the presence of an
extensive drug-development pipeline, and increasing adoption of personalized
medicine is seen to propel the market growth over the forecast period. However,
unclear regulatory guidelines yet remain one of the factors restraining market
growth.
Market Definition
What is Biochip?
Biochip is a
small-scale device, analogous to an integrated circuit, constructed of or used
to analyze organic molecules associated with living organisms.
Research Scope
The report
provides market value for base year 2021 and a yearly forecast from 2022 to
2029 in terms of revenue (USD Million). Market for each segment is present on
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
as well as regional basis for the above-mentioned forecast period.
Key industry
dynamics, regulatory scenario, major material dynamics and Hip replacement
devices future markets are analyzed to understand their impact on demand for
the forecast period. Growth rates have been estimated using correlation,
regression and time-series analysis.
Market Overview
Biochips market
report also provide a thorough understanding of the cutting-edge competitive
analysis of the emerging market trends along with the drivers, restraints,
challenges, and opportunities in the Biochips market to offer worthwhile
insights and current scenario for making right decision. The report covers the
prominent players in the market with detailed SWOT analysis, financial
overview, and key developments of the products/services from the past three
years. Moreover, the report also offers a 360º outlook of the market through
the competitive landscape of the global industry player and helps the companies
to garner Biochips market revenue by understanding the strategic growth
approaches.
Biochips Market
study by “Zettabyte Analytics” provides details about the market dynamics
affecting the market, Market scope, Market segmentation and overlays shadow
upon the leading market players highlighting the favorable competitive
landscape and trends prevailing over the years.
Market Segmentation
For the purpose
of this report, the global Biochips market is segmented on the basis of product
type, fabrication technology, application, end user and region:
By Product Type
|
DNA Chip
|
Protein Chip
|
Lab-on-a-chip
|
Other Product Types
|
|
|
By Fabrication Technology
|
Microarrays
|
Microfluidics
|
|
|
By Application
|
Drug Discovery &
Development
|
Disease Diagnostics
|
Genomics
|
Proteomics
|
Agriculture
|
Other Applications
|
|
|
By End User
|
Biotechnology &
Pharmaceutical Companies
|
Hospitals &
Diagnostics Centers
|
Academic & Research
Institutes
|
Other End Users
|
Product Type Outlook:
On the basis of
Product Type, the market is segmented into DNA Chip, Protein Chip,
Lab-on-a-chip, Others.
Figure 1 - Biochips Market, By Product Type (Market
Size And Forecast By Value - USD Million, 2021 & 2029)