The global biochips market is growing at a CAGR of nearly 13.5% during the forecast period. The market growth is mainly attributed to the rising technological innovations in biochips. The rising innovations in biochips have been gradually rising over the years to obtain high throughput in less time. Therefore, the new product launches of biochips have witnessed that is expected to offer researchers several choices to use biochips as per their needs. Additionally, advances in biochips support to drive next-generation DNA sequencing technologies. It is a strong combination that can solve unique and important biological problems, including rare-cell, single-cell, or rare-molecule analysis, which is not possible by using only next-generation sequencing (NGS).
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Additionally, the funding opportunity for biochips research is driving innovations in the field of biochips. For instance, in February 2021, Le Zhun Zhi Xin (Legendic), a developer of biological chips and testing platform, declared the closing of a Pre-A round of financing worth $5.4 million, led by Sinocare. The raised funds will be utilized for the development of a manufacturing facility and the development of new products. Additionally, these funds will be used to promote the marketing of the company’s biochips, procalcitonin detection kits, and instruments with the use of chemiluminescence.
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Type
o By Fabrication Technology
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Bio-Rad Laboratories, Inc., Illumina Inc., Danaher Corp., Agilent Technologies, Inc., and PerkinElmer Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Biochips Market Report Segment
By Type
- DNA Chips
- Lab-on-a-Chip
- Protein Chips
- Others
By Fabrication Technology
- Microarrays
- Microfluidics
By End-User
- Hospitals and Diagnostic Centers
- Academic and Research Institutes
- Biotechnology and Pharmaceutical Companies
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Biochips Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Abbott Laboratories
- BioFluidix GmbH
- Cellix Ltd.
- Dynamic Biosensors GmbH
- Epigem Ltd.
- Fluidigm Corp.
- Horiba, Ltd.
- LifeSensors Inc.
- Luminex Corp.
- Menarini Silicon Biosystems S.p.a.
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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