The global Biochips Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 11.8% during the review period (2022 to 2027)
Biochips Market Overview
Biochip is a miniaturized medical device used in molecular laboratories to carry out numerous biochemical reactions simultaneously. It can rapidly screen a number of biological analytes for an array of applications such as disease diagnosis and recognition of hazardous biological agents in a system. It is designed on the basis of microarray and microfluidic technologies, among which digital microfluid biochip is highly efficient, and has gained significant popularity in the biochemical field. The presence of comprehensive drug development pip acts as one of the main factors driving the growth of biochips market. The increase in the need to reduce turnaround time and miniaturize biological and clinical tests used for research and diagnosis increasing demand for biochip and bio-array techniques and rapid technical developments related to these techniques and a wide product portfolio accelerate the biochips market growth. The lab-on-a-chip segment is expected to have positive market growing due to the increasing global population and rising technological advancements. There is also a rise in the adoption of personalized medicine, and easy accessibility of lab-on-chip technology that will boost the demand for the same across the globe. a biochip is a collection of miniaturized test sites (microarrays) arranged on a solid substrate that permits many tests to be performed at the same time, to achieve higher throughput and speed. Typically, a biochip's surface area is no larger than a fingernail. Like a computer chip, that can perform millions of mathematical operations in one second, a biochip can perform thousands of biological reactions, such as decoding genes, in a few seconds.
In February 2022, Onera Health launched the Onera Biomedical-Lab-on-Chip, an ultra-low-power biosignal sensor subsystem for wearable devices. This biomedical compact chip is designed for processing multiple biosignals creating a massive opportunity for health devices.
In April 2021, PathogenDx, Inc. announced that the U.S. Food and Drug Administration (FDA) has issued an Emergency Use Authorization (EUA) for its patented COVID-19 multiplexed viral diagnostic assay, DetectX-Rv. DetectX-Rv is an RT-PCR and DNA microarray hybridization test intended for the qualitative detection of nucleic acids from SARS-CoV-2 swabs.
What are the major Applications, Types and Regions for Biochips Market?
By Type, it is segmented into
By Applications it is segmented into
Biotechnology and Pharmaceutical Companies
Hospitals and Diagnostics Centers
Academic & Research Institutes
Biochips Market Regional Analysis
North America is Found Dominating the Lab-on-a-chip and Microarrays (Biochip) Market During the Forecasted Period. The United States lab-on-a-chip and microarrays (biochip) market hold a huge market share in North America due to the presence of a high-quality healthcare system. China is also found making huge investments in scientific research to understand the biological make-up of people, in addition to analytical tools, cutting-edge data collection, and efficient computing capabilities, in order to facilitate a large amount of research data.
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
The Biochips Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Biochips Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Biochips Market Report Scope?
Forecast Period 2022 to 2027 CAGR
CAGR of 11.8% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Biochips Report
Evaluate Biochips market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Biochips market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
What is the study period of this market?
The Biochips Market is studied from 2017 - 2027.
What is the growth rate of Biochips Market?
The Biochips Market is growing at a CAGR of 11.8% over the next 5 years.
What regions does this Biochips Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.