Global Biochips Market Growth 2023-2029

Global Biochips Market Growth 2023-2029

Biochips are bio-microsystems. Bio-microsystems are small integrated devices used for biochemical reactions, biological monitoring, research, academic studies, drug discovery, and much more. In simple terms, biochips are small sized chips that can perform multiple (generally thousands) biochemical reactions parallelly. A collection of microarrays or micro-test sites form these biochips. Microarrays when arranged on a surface made up of either glass or silicon, can perform large numbers of tests at the same. Thus, they help in cost and time saving.

LPI (LP Information)' newest research report, the “Biochips Industry Forecast” looks at past sales and reviews total world Biochips sales in 2022, providing a comprehensive analysis by region and market sector of projected Biochips sales for 2023 through 2029. With Biochips sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Biochips industry.

This Insight Report provides a comprehensive analysis of the global Biochips landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Biochips portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Biochips market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Biochips and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Biochips.

The global Biochips market size is projected to grow from US$ 9295.7 million in 2022 to US$ 17480 million in 2029; it is expected to grow at a CAGR of 17480 from 2023 to 2029.

North America accounted for the largest share of the biochips market in 2017. 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 Biochips 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.

This report presents a comprehensive overview, market shares, and growth opportunities of Biochips market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
DNA Chip
Lab-on-a-Chip
Protein Chip
Others

Segmentation by application
Biotechnology and Pharmaceutical Companies
Hospitals and Diagnostics Centers
Academic & Research Institutes
Other End Users

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Abbott
Agilent Technologies
Illumina
PerkinElmer
Thermo Fisher Scientific
BioChain
Bio-Rad Laboratories
Cepheid
EMD Millipore
Fluidigm
SuperBioChips Laboratories
US Biomax
Roche Diagnostics

Key Questions Addressed in this Report

What is the 10-year outlook for the global Biochips market?

What factors are driving Biochips market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Biochips market opportunities vary by end market size?

How does Biochips break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.