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 Attribute | Details |
| No. of Pages | 369 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $15.9 Billion |
| Forecasted Market Value (USD) by 2030 | $40.8 Billion |
| Compound Annual Growth Rate | 12.5% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- 2020 Marked as a Year of Disruption & Transformation
- World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
- Biotechnology Sector Performance amid the Pandemic
- Global Biotechnology Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- Biochip Firms Get Ready to Address COVID-19 Challenge
- Biochips - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Biochips: A Primer
- Manufacturing Systems Used in Biochip Manufacture
- Historical Perspective
- Classification of Biochips
- Application Markets
- Market Outlook
- Protein Biochips Set for Expansion
- Recent Technological Advancements Drive Wider Adoption of Biochips
- Competition
- Biotech Startups Pose Competition
- Recent Market Activity
- World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Biochips Seek Increasing Role in POC Testing
- Biochips to Help Next-Generation Sequencing Scale New Heights & Unravel Intimidating Biological Problems
- Research Forays into Organ-On-A-Chip (OOC)
- OCC Start-Ups Enter the Fray
- Select Organ-On-A-Chip Start-Ups & Their Specialties
- Biochip Implants Set to Make Big Gains
- Biochips Aid in Alleviating Issues Associated with Immunological Studies
- Challenges for Widespread Adoption
- Drug Discovery Applications to Drive Market
- Growing Preference for DNA/Protein Biochips in Personalized Medicine
- Global Personalized Medicine Market: Revenues in US$ 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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