Global Biochips Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Biochips Market By Grades & Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Biochips Marketwas valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Increasing applications in drug discovery, genomics and proteomics are the major drivers for global biochips market. Furthermore, development of targeted and personalized medicines for treatment of cancer would also support the growth of biochip products. Further, governments have taken the initiative to increase healthcare awareness in emerging economical countries which would help to fuel the growth of biochip products market.
However, Manufacturing of biochip products requires technical knowledge whereas insufficient knowledge would restrict the growth of the market for these products. Moreover, lack of healthcare coverage also restricts the growth of biochips market for these products. Availability of large number of end-users for biochip products tends to decrease the bargaining power of buyers.
This report presents a detailed evaluation of biochips, which incorporates current industry situations such as market size, growth and demands, market outlook, major players with their key strategies which include investment, mergers and acquisitions, value chain analysis and porter’s evaluation. It covers the marketplace canvas and the boom opportunities in the coming years. The report has been made with an in-depth analysis along with vital inputs from the various industry professionals. The research is accomplished with both extensive primary and secondary data resources supported with either bottom up or top down approach.
Rising geriatric population; increasing prevalence of lifestyle diseases, such as diabetes, asthma, and cardiac disorders; growing adoption of biochips; and a significant number of on-going research activities related to biochips helps to grow the market in North American region. Moreover, major local companies and easy access to market which makes this market more significant to reach suppliers. Increasing urbanization and customer investments & spending are development aspects in emerging economies such, China, India, and Japan for APAC region.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global biochips market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Abbott Laboratories, Agilent Technologies, Inc., PerkinElmer Inc., Fluidigm Corporation, Affymetrix, Inc., Illumina, Inc., Luminex Corporation, Bio-Rad Laboratories, Perkin Elmer, and Life Technologies.
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