Biochip products are made up of microarrays of biochemical molecules, which are arranged on silicon or glass plate. These products have applications in gene sequencing, clinical diagnosis, genomics, proteomics, and drug discovery. Based on a biological material attached to the surface of chip, these products are categorized as tissue biochips, DNA biochips, Protein biochips, carbohydrate biochips and lab-on-chips. The report investigates the market dynamics, which includes critical drivers for growth, restrains and opportunities for biochip market globally. Deep-dive analysis of leading organizations would be helpful to strategist and professionals to gauge the competitive intelligence. In-depth analysis of past, current and future trends would serve as a guide to the corporate sector.
The global biochip products and services market is expected to grow with high CAGR during forecast period, due to its increasing applications in drug discovery, genomics and proteomics. Furthermore, development of targeted and personalized medicines for treatment of cancer would also support the growth of biochip products. Manufacturing of biochip products require technical Know-how, whereas insufficient knowledge would restrict the growth of the market for these products. The other important factor that would restrict the growth of biochip products market is lack of healthcare coverage. Widening the applications of biochip products would develop new opportunities for this market. In emerging economies, governments have taken the initiative to increase healthcare awareness and this factor would help to fuel the growth of biochip products market.
Biochip Products and Services Market by Product Types
The biochip products and services market is segmented by product type into different categories, namely tissue biochips, DNA biochips, protein biochips, carbohydrate biochips and lab-on-chips. DNA biochips represent the leading sub-segment in product types, due to its wide applications in biotechnology and drug discovery. DNA biochips market is followed by lab-on-chips and protein biochips market, due to advances in proteomics and genomics. Improvements in the field of recombinant proteins would also support the growth of protein biochips market.
Biochip Products and Services Market by Application
The biochip products and services market is segmented by application type into different sub-categories such as gene sequencing and gene expression, clinical diagnosis and treatment (Cancer diagnosis), genomics and toxicogenomics, proteomics, drug discovery and other applications. Clinical diagnosis and treatment is the leading sub-segment in application types. Cancer diagnosis and treatment segment is primarily driven by personalized medicines approved by the FDA for the treatment of cancer. Other factors supportive to the growth of cancer diagnosis segment include government funding and technological advancements.
Biochip Products and Services Market by Geography
Geographically, biochip products and services market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America is leading the market for biochip products and services due to technical advances and large pool of ageing population. Asia- Pacific is emerging as a fastest growing market for biochip products and services due to easy access to latest technologies, government initiatives and cost advantage. India, China and Singapore are the most preferred locations to set up manufacturing facilities for biochip product manufacturers, considering their infrastructure and resource availability.
Competitive Landscape
The leading companies in biochip products and services market include Fluidigm Corporation, Affymetrix, Inc., Illumina, Inc., Luminex Corporation, Bio-Rad Laboratories, Perkin Elmer, and Life Technologies. To gain competitive edge, these players have focused on the strategy of collaborations, agreements and launching new products. Some of the to
The global biochip products and services market is expected to grow with high CAGR during forecast period, due to its increasing applications in drug discovery, genomics and proteomics. Furthermore, development of targeted and personalized medicines for treatment of cancer would also support the growth of biochip products. Manufacturing of biochip products require technical Know-how, whereas insufficient knowledge would restrict the growth of the market for these products. The other important factor that would restrict the growth of biochip products market is lack of healthcare coverage. Widening the applications of biochip products would develop new opportunities for this market. In emerging economies, governments have taken the initiative to increase healthcare awareness and this factor would help to fuel the growth of biochip products market.
Biochip Products and Services Market by Product Types
The biochip products and services market is segmented by product type into different categories, namely tissue biochips, DNA biochips, protein biochips, carbohydrate biochips and lab-on-chips. DNA biochips represent the leading sub-segment in product types, due to its wide applications in biotechnology and drug discovery. DNA biochips market is followed by lab-on-chips and protein biochips market, due to advances in proteomics and genomics. Improvements in the field of recombinant proteins would also support the growth of protein biochips market.
Biochip Products and Services Market by Application
The biochip products and services market is segmented by application type into different sub-categories such as gene sequencing and gene expression, clinical diagnosis and treatment (Cancer diagnosis), genomics and toxicogenomics, proteomics, drug discovery and other applications. Clinical diagnosis and treatment is the leading sub-segment in application types. Cancer diagnosis and treatment segment is primarily driven by personalized medicines approved by the FDA for the treatment of cancer. Other factors supportive to the growth of cancer diagnosis segment include government funding and technological advancements.
Biochip Products and Services Market by Geography
Geographically, biochip products and services market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America is leading the market for biochip products and services due to technical advances and large pool of ageing population. Asia- Pacific is emerging as a fastest growing market for biochip products and services due to easy access to latest technologies, government initiatives and cost advantage. India, China and Singapore are the most preferred locations to set up manufacturing facilities for biochip product manufacturers, considering their infrastructure and resource availability.
Competitive Landscape
The leading companies in biochip products and services market include Fluidigm Corporation, Affymetrix, Inc., Illumina, Inc., Luminex Corporation, Bio-Rad Laboratories, Perkin Elmer, and Life Technologies. To gain competitive edge, these players have focused on the strategy of collaborations, agreements and launching new products. Some of the to
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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