The global biochips market generated USD 8,555.7 million in 2018 and is anticipated to grow at a CAGR of 15.7% over the forecast period from 2019 to 2025. In the recent years, biochips have emerged as one of the most groundbreaking technologies in the fields of biotechnology, electronics & computers. Technological advancements in proteomics, genomics & pharmaceuticals have provided researchers with new methods to unravel the complex biochemical processes that occur inside cells, with the wider goal of understanding and treating numerous diseases.
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Also, the semiconductor industry has been constantly improving the technology of micro-miniaturization almost simultaneously and the combination of these two fields has led to the development of biochips, which allow biotechnologists to start accommodating their bulky sensing tools into smaller devices.
Biochip Market Growth likely to Witness Flourishing Growth Outlook with Growing Investments in Personalized Drug Making for Cancer
Biochip is used as a specialized, miniature sized device which finds applications across molecular labs to augment diverse biochemical reactions that are run simultaneously to serve diverse applications such as identification of various biological hazards aiding in various disease monitoring, therapeutic processes to support pipeline developments in drug making. Advances in biochip market are also characterized by various advances in therapeutic development of chronic ailments such as cancer, respiratory ailments and ongoing strides in personalized drug making to address acute and exact pain points of patient pools.
Biochips are mediated through robotic automation tools and hold promising outlook for novel disease diagnosis and drug making expeditions. Various branches of studies such as cell biology, chemistry, molecular biology to propel point-of-care diagnostics are anticipated to reflect favorably on global Biochip market.
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Start-ups Likely to Sustain Volatility across the Competition Landscape in the coming Years
Massive advances in technological innovations are anticipated to go a long way in triggering magnificent growth in global biochip market. Various R&D expeditions pave promising avenues to support technological innovations. To cite a particular incident in this regard, researchers community at University of California are making new advances in developing improved biochip technology to support early and precise diagnosis of cancer heterogeneity that is significant in reducing persistent resistance to cancer therapeutics.
Significant milestones in technological innovations are strongly supported by mushrooming initiatives undertaken by new market participants suggesting volatility of the competitive landscape. Some of the promising start-up companies such as Nutcracker are augmenting new biochip functionalities that effectively mimic core RNA controlled biological functions such as gene expression, protein synthesis and the like, expanding further the scope of novel cancer therapeutics
Some of the major companies operating in this industry include Abbott, Biognosys, Inc., Bio-Rad Laboratories, Inc., Boreal Genomics, Inc., Epigem Ltd., INTEGREX Research, IDEX Health & Science LLC, SuperBioChips Laboratories, Randox Laboratories Ltd., US Biomax Inc., InSilixa, and Akonni Biosystems, Inc. among other prominent players.
Table of Content:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Biochip market by Product
Chapter 6 Biochip market by Application
Chapter 7 Biochip market by Fabrication Techniques
Chapter 8 Biochip market Analysis Methods
Chapter 9 Biochip market By Region
Chapter 10 Competitive Landscape
Chapter 11 Company Profiles
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