Biochips Global Market to Reach $40.8 Billion by 2030: Biochips to Help Next-Generation Sequencing Scale New Heights & Unravel Intimidating Biological Problems


Dublin, April 14, 2023 (GLOBE NEWSWIRE) -- The "Biochips: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Biochips estimated at US$15.9 Billion in the year 2022, is projected to reach a revised size of US$40.8 Billion by 2030, growing at a CAGR of 12.5% over the analysis period 2022-2030.

DNA Chip, one of the segments analyzed in the report, is projected to record a 11.4% CAGR and reach US$13.5 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Lab-On-a-chip segment is readjusted to a revised 13.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $6.3 Billion, While China is Forecast to Grow at 14.8% CAGR

The Biochips market in the U.S. is estimated at US$6.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2030 trailing a CAGR of 14.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.7% and 11.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR.

Select Competitors (Total 69 Featured) -

  • Agilent Technologies, Inc.
  • Bio-Rad Laboratories, Inc.
  • CapitalBio Technology Inc.
  • Cepheid Inc.
  • Fluidigm Corporation
  • Hoffman-La-Roche Ltd.
  • Illumina, Inc.
  • OcimumBiosolutions Ltd.
  • PerkinElmer, Inc.
  • Takara Bio Inc.
  • Takara Bio USA, Inc.
  • Thermo Fisher Scientific Inc.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages369
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$15.9 Billion
Forecasted Market Value (USD) by 2030$40.8 Billion
Compound Annual Growth Rate12.5%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
  • Biotechnology Sector Performance amid the Pandemic
  • Global Biotechnology Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Biochip Firms Get Ready to Address COVID-19 Challenge
  • Biochips - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Biochips: A Primer
  • Manufacturing Systems Used in Biochip Manufacture
  • Historical Perspective
  • Classification of Biochips
  • Application Markets
  • Market Outlook
  • Protein Biochips Set for Expansion
  • Recent Technological Advancements Drive Wider Adoption of Biochips
  • Competition
  • Biotech Startups Pose Competition
  • Recent Market Activity
  • World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Biochips Seek Increasing Role in POC Testing
  • Biochips to Help Next-Generation Sequencing Scale New Heights & Unravel Intimidating Biological Problems
  • Research Forays into Organ-On-A-Chip (OOC)
  • OCC Start-Ups Enter the Fray
  • Select Organ-On-A-Chip Start-Ups & Their Specialties
  • Biochip Implants Set to Make Big Gains
  • Biochips Aid in Alleviating Issues Associated with Immunological Studies
  • Challenges for Widespread Adoption
  • Drug Discovery Applications to Drive Market
  • Growing Preference for DNA/Protein Biochips in Personalized Medicine
  • Global Personalized Medicine Market: Revenues in US$ Million for the Years 2019, 2021, 2023 and 2025
  • Microphysiological Systems to Take Personalized Medicine Much Farther
  • Biochip Array Technology Enables Reliable and Accurate Investigation of Metabolic Syndrome
  • Proteomics and Genomics Drive Opportunities for Biochips
  • Increasing Application of Genomics and Proteomics in Cancer Diagnostics and Treatment to Drive Growth
  • Breakdown of Total Number of Cancer Cases by Region: 2020
  • Breakdown of Total Number of Cancer Cases by Type: 2020
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Potential Application of Biochips in Diabetes Diagnosis and Management Unfurl New Growth Opportunities
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • World Diabetes Prevalence (2000-2019)
  • Rise in Infectious Diseases and Need for High-Troughput Diagnosis Drive Interest in Biochips
  • Infection Rates of Viruses ((per infected person)) Involved in Outbreaks Worldwide: 2020
  • Infectious Diseases Related Mortality High Among Children Below 5 Years: Breakdown of Leading Causes of Death in Children Below 5 Years (in %)
  • Global Number of Deaths Caused Due to Communicable Diseases (In 000s)
  • Agriculture Sector: Niche Vertical
  • Development of Protein Microarrays for the Field of Diagnostics: Key Challenges
  • Biochip Industry Thrives on Innovation
  • Researchers at UCI Develop Machine Learning-Assisted Biochip
  • New Biochip Combines Nanoparticle Printing and AI for Tumor Analysis
  • Axbio Introduces Smartbiochip
  • Multi-Dimensional Printing Technology Enables Development of New Biochip Printing Technique
  • MIT Develops Neuromorphic Chip Capable of Mimicking Human Brain
  • Biochips from AYOXXA: A Giant Leap in Protein Multiplexing
  • Biochip Innovations in Drug Discovery Applications
  • Industry Challenges
  • Standardization: A Key Challenge
  • High Costs Restrain Growth
  • Precise Protein Detection: A Challenge

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/lcne83

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Global Market for Biochips

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