The actions of competitors or major players has a great effect on the market and Healthare industry as a whole with respect to its sales, import, export, revenue and CAGR values hence it is covered thoroughly in Biochips Market report. It gives professional and in depth overview of the market which focuses on primary and secondary drivers, market share, leading segments and geographical analysis. This business report also makes available the company profiles, product specifications, production value, contact details of manufacturer and market shares for company. Global Biochips market report comprises of the drivers and restraints for the market that are derived from SWOT analysis.
Global biochips market is expected to rise to an estimated value of USD 28.83 billion by 2026 registering a substantial CAGR in the forecast period of 2019-2026. This rise in the market can be attributed to the technological developments and advancement of biochips in the industry.
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Few of the major market competitors currently working in the global biochips market are: Thermo Fisher Scientific Inc., Abbott, F. Hoffmann-La Roche Ltd, Cepheid, Bio-Rad Laboratories, Inc., GENERAL ELECTRIC, Illumina, Inc., FluidigmPerkinElmer Inc., Agilent Technologies, Inc., Arbor Biosciences, Now Elim Biopharm, Inc.., Genalyte, Inc., Hologic, Inc., Agendia , Illumina, Inc..and others
Market Definition: Global Biochips Market
Biochips, is a miniaturized device which can perform thousands of biochemical reactions and are used in molecular biology. Biochips unique features are bio-microsystems are parallelism, integrated intelligence, low cost, speed, complexity and redundancy. They are used in various application such as research application in biotechnology such as genomics and proteomics, drug screening and development and molecular diagnostics. These are used for detection of cancer & other diseases and to provide personalized medicines in the industry
Segmentation: Global Biochips Market
Biochips Market : By Product Type
- DNA Chip
- Protein Chips
- Other Arrays
Biochips Market : By Application
- Drug discovery and development
- Disease diagnostics
- Other applications
Biochips Market : By Fabrication Technology
Biochips Market : By End user
- Diagnostic Centers
- Biotechnology & Pharmaceutical Companies
- Academic & Research Institutes
Biochips Market : By Geography
- North America
- South America
- Middle East and Africa
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Key Developments in the Biochips Market:
- In April 2019, Qurin Diagnostics B.V. and Lionix International B.V. announced their acquisition of Surfix B.V., this combination will strengthen the company and enable in bringing technology to the global biomedical market. Currently company is working together closely on early cancer detection and have realized a sensitive biochip. This acquisition will benefit Qurin and Lionix in technology advancement, strengthening their position and enabling better service. Such merger and acquisition in the field of biochips will lead to its market expansion in the forecasting future.
- In April 2018, SEKISUI CHEMICAL CO., LTD. announced its acquisition of Veredus Laboratories Pte. Ltd. The aim will be to introduce and expand the diagnostic reagent and analyzer products of the company, also knowledge and experience of Veredus Laboratories will be utilized to construct such a system. This acquisition will benefit Sekisui chemicals in expanding globally, delivering efficient services and expanding its product portfolio.
Biochips Market Drivers
- Rapid growing application of biochips will drive the market growth
- Technological advancements and new product launches in the market.
- Rising demand of biochips in developing countries is expected to increase the market share.
- Increasing adoption of personalized medicines by households will also propel the growth of this market.
Biochips Market Restraints
- Strict government regulatory guidelines related to biochips are hampering the growth of the market
- High instrument costs will also restrain the growth of this market
Global biochips market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of biochips market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key benefits of buying the Biochips Market Report:
This Biochips Market report will enable both of the sides in market be an established firm or a relative new entrant. It helps the established firms to know about the moves which are being performed by their competitors and also helps the new entrants by educating them about the market situations and the industry trends. This Biochips Market report is quite fruitful in helping to understand the market definition and all the aspects of the market including the CAGR value and key profiles.
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