The rising demand for swift and efficient diagnostic procedures for treating various acute and chronic diseases is helping the global biochips based in-vitro diagnostics market grow, says Fortune Business Insights, in their new study. The study is titled, “Biochips based In-vitro Diagnostics Market: Global Market Analysis, Insights, and Forecasts, 2018 – 2025.”
Fortune Business Insights predicts the lab-on-a-chip application and protein micro-array applications to collectively account for the largest share in the market. Their dominance is likely to remain unchanged through the course of the forecast period., The rising investments in research and development and clinical trials will push growth in the aforementioned segments.
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Major companies in the biochips based in-vitro diagnostics market are trying to expand their geographical reach in order to gain more market share. In addition to this, the companies are focusing on mergers and acquisitions, product launches, and strategic collaborations. Some of the players operating in the global biochips based in-vitro diagnostics market are
- Greiner Bio One International GmbH,
- SCHOTT AG,
- Randox Laboratories Ltd.,
- Thermo Fisher Scientific,
- Agilent Technologies, Inc.
Companies Are Focusing on Expanding Their Geographical Reach to Gain Competitive Edge
The increasing use of biochips in DNA testing and other applications has helped the market in North America to emerge dominant. Apart from this, Europe is also likely to hold a large share of the market through the forecast period. However, the market in Asia Pacific is expected to witness the fastest growth rate on account of increasing research initiatives taken by economies such as Japan.
Segmentation of the Global Biochips Based In-vitro Diagnostics Market
By Application
- DNA applications
- Lab-on-chip applications
- Protein micro-array applications
- Other array applications
- Others
By End users
- Hospitals & Clinics
- Research Institutions
- Diagnostic Centers
- Others
By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/biochips-based-in-vitro-diagnostics-market-100177
Highlights of the Report
- In-depth analysis of various insights, namely, Biochips Based In-vitro Diagnostics Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and market shares.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
KEY QUESTIONS ANSWERED:
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
- Why Choose Fortune Business Insights?
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the market growth?
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