Biochip Market Size 2021-2030, Growth, Trends, Demand and Forecast | Increasing Adoption of Biochips in Various Applications in The Field of Genomics, Drug Discovery, And Proteomics Is Driving Biochip Market Revenue Growth, Says Reports and Data

PR Newswire
Thursday, March 3, 2022 at 1:30pm UTC

Biochip Market Size 2021-2030, Growth, Trends, Demand and Forecast | Increasing Adoption of Biochips in Various Applications in The Field of Genomics, Drug Discovery, And Proteomics Is Driving Biochip Market Revenue Growth, Says Reports and Data

PR Newswire

NEW YORK, March 3, 2022 /PRNewswire/ -- The global biochip market size is expected to reach USD 34.25 Billion in 2030 and register a revenue CAGR of 11.5% over the forecast period, according to the latest report by Reports and Data. Biochips are being adopted in various applications in the field of genomics, drug discovery, and proteomics at a rapid rate. This is towing to benefits such as low expense, high speed, and high throughput. Miniaturization of biochip has great potential to be a crucial and powerful tool for clinical research, diagnostics, drug development, toxicology studies, and patient selection for clinical trials.

Reports and  Data Logo

In addition, development of targeted and personalized medicines for treatment of cancer and technological advancements in biochips are also driving biochip market revenue growth. Biochip identifies cancerous cells and removes it during dialysis. The chip can be used to diagnose cancer and to dramatically reduce the cost associated with the treatment. It also enables "telemedicine", which is the remote diagnosis or treatment of patients using technology. Biochips are expected to revolutionize the way the medical field diagnosis cancer and other diseases, by allowing for quicker and more effective treatment owing to early and accurate diagnosis.

Biochips are increasingly being utilized within the field of biomedical and biotechnological research. With progress in innovation, there has been an increase in adoption of biochips in proteomics, such as in microarrays. The benefits of protein biochips include low sample consumption and its inclination toward miniaturization. These characteristics of microarrays are imperative for proteome-wide analysis. Proteomics is being widely adopted for biomarker and drug discoveries.

Request a Sample Report –  https://www.reportsanddata.com/sample-enquiry-form/1375

However, high cost of biochips can restrain market growth. Moreover, lack of awareness, particularly in developing and underdeveloped countries and strict administrative directions given by various governments over the globe is further limiting market growth during the forecast period.

Some Key Highlights From the Report

  • In April 2020, Bio-Rad Laboratories, Inc., a global leader of life science research and clinical diagnostics products, announced acquisition of Celsee, Inc., a company that offers instruments and consumables for the isolation, detection, and analysis of single cells.
  • Protein chip segment is expected to grow at a fast rate over the forecast period owing to improvement in the field of recombinant proteins. Protein biochips are reliable tools for detection of multiple biomarkers with only a minimal quantity of samples and have enormous potential in applications for personalized medicine. They also play a significant role in the development of safer drugs through comprehensive profiling of drugs or lead compounds for effects.
  • Microarray technology segment is expected to register a rapid growth rate during the forecast period. This growth is attributed to extensive use of biochips in forensic analysis and identification of drug candidates in drug discovery process.

Ask for Customize Research Report @ https://www.reportsanddata.com/request-customization-form/1375

  • A single experiment performed with silicon chip allows label-free imaging of arrayed protein probes coupled with high sensitivity fluorescence detection of molecular interaction counterparts. Silicon segment is expected to register a rapid growth rate during the forecast period. Silicon material is of high practical utility during assay development process to image arrays, quantify number of immobilized probes, check consistency and quality of the protein array, and finally detect fluorescence of bioassays.
  • Market in North America accounted for largest revenue share in 2021 owing to surge in geriatric population base, increasing prevalence of chronic diseases such as cancer and cardiac diseases, coupled with availability of advanced healthcare systems in the region.
  • Companies profiled in the global market report include bioMerieux SA, F. Hoffmann-La Roche Ltd., Bio-Rad Laboratories, Inc., Fluidigm, Illumina, Inc., HORIBA, Ltd., PerkinElmer, Inc., QIAGEN, Randox Laboratories Ltd., and Thermo Fisher Scientific Inc.

To identify the key trends in the industry, research study at https://www.reportsanddata.com/report-detail/biochip-market

For the purpose of this report, Reports and Data has segmented biochip market based on product, technology, substrate materials, application, end-use, region:

Product Outlook (Revenue, USD Billion; 2019–2030)

    • DNA Chip
    • Lab - on - Chip
    • Protein Chip
    • Others

Technology Outlook (Revenue, USD Billion; 2019–2030)

    • Microfluidics
    • Microarray

Substrate Materials Outlook (Revenue, USD Billion; 2019–2030)

    • Glass
    • Polymers
    • Silicon
    • Others

Application Outlook (Revenue, USD Billion; 2019–2030)

    • Genomics
    • Proteomics
    • Drug Discovery and Development
    • In-Vitro Diagnostics
    • Disease Diagnostics
    • Agriculture

End-use Outlook (Revenue, USD Billion; 2019–2030)

    • Pharmaceutical and Biotechnology Company
    • Academic and Research Institute
    • Hospitals and Diagnostic Centers
    • Other end-uses

Buy Premium Research Report @ https://www.reportsanddata.com/report-pricing/1375

Regional Outlook (Revenue, USD Billion; 2019–2030)

    • North America
      1. US
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Spain
      6. Sweden
      7. BENELUX
      8. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Israel
      5. Rest of MEA

Explore Trending Research Reports by Reports and Data:

Single-Cell Analysis market is forecasted to grow at a rate of 17.2%, from USD 2.09 billion in 2019 to USD 6.98 billion in 2027. The global market for Single Cell Analysis is expected to grow significantly, owing to the increasing biopharmaceutical and biotechnology industries.

Oncology molecular diagnostics market is forecasted to grow at a rate of 11.8% from USD 1,456.6 Million in 2019 to USD 3,568.1 Million in 2027. The oncology molecular diagnostics market is observing high demand attributed to its increasing application in breast, prostate, cervical, colorectal, lung, blood, liver, and kidney cancer diseases.

Liquid handling technology market is forecasted to grow at a rate of 8.3% from USD 3,329.4 Million in 2019 to USD 6,323.9 Million in 2027. The liquid handling technology market is observing high demand attributed to its increasing application in drug discovery, cancer & genomic research, bioprocessing, and others.

Genomics in cancer care market is forecasted to grow at a rate of 16.3% from USD 11.89 billion in 2019 to USD 39.94 billion in 2027. The genomics in cancer care market is observing high demand attributed to is increasing application in diagnostics, personalized medicine, and drug discovery & development.

Medical digital imaging systems market is forecasted to grow at a rate of 7.3% from USD 16.99 billion in 2019 to USD 29.97 billion in 2027. The medical digital imaging systems market is observing high growth attributed to its increasing application in cardiology, neurology, orthopedics, oncology, gastroenterology, and gynecology.

About Reports and Data     

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact:

John W
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs

Read Latest Press Release @ https://www.reportsanddata.com/press-release/global-biochip-market

Cision View original content:https://www.prnewswire.com/news-releases/biochip-market-size-2021-2030-growth-trends-demand-and-forecast--increasing-adoption-of-biochips-in-various-applications-in-the-field-of-genomics-drug-discovery-and-proteomics-is-driving-biochip-market-revenue-growth-says-r-301494930.html

SOURCE Reports And Data