Biochips Market is expected to USD 54.5 billion by 2034

• The biochips market is expected to develop at a compound annual growth rate (CAGR) of 16.1% from 2024 to 2034, from its estimated value of USD 10.55 billion in 2023 to USD 54.5 billion by 2034.
• Proteins, enzymes, nucleic acids (DNA and RNA), and antibodies are among the biological analytes that biochips are mostly used to detect and assess. They are useful instruments in domains such as proteomics, genetics, diagnostics, and even bioterrorism detection because of their capabilities.
• Biochips are extremely sophisticated, small platforms that are made to support multiple biological reactions at once. Their purpose is to serve as tiny labs that can function in biological settings, especially inside living things.

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GROWTH DRIVERS

• One of the main factors propelling the biochips industry is technological advancement. Innovations like as next-generation sequencing (NGS), lab-on-a-chip, and microarray technologies enhance the efficacy and efficiency of biochips and broaden their possibilities.
• For instance, NGS makes rapid DNA sequencing possible, which is essential for uses in genetic research and customized medicine. Faster diagnostics and analysis are made possible by the development of lab-on-a-chip systems, which reduce and integrate several laboratory operations into a single chip.
• Because biochips can screen compounds in large quantities, they are becoming more and more common in drug research and discovery processes. This feature expedites the process of identifying possible drug candidates by enabling researchers to test thousands of chemicals for biological activity at once.
• Pharmaceutical companies, for instance, use biochip technology to evaluate gene expression profiles in response to various drugs in order to more efficiently identify suitable therapeutic targets.

MARKET SEGMENTATION:

By Type -

·?????????DNA Chips?

·?????????Protein Chips?

·?????????Lab-on-a-chip

·?????????Tissue Arrays

·?????????Cell Arrays

By Technology -

·?????????Microarrays

·?????????Microfluidics

By Application -

·?????????Cancer Diagnosis and Treatment

·?????????Gene Expression

·?????????Single Nucleotide Polymorphisms (SNP) Genotyping

·?????????Genomics

·?????????Drug Discovery

·?????????Agricultural Biotechnology

·?????????Proteomics

·?????????Expression Profiling

·?????????HIV Testing Services (HTS)

·?????????In Vitro Diagnostics (IVD) and Point-of-Care (POC)

·?????????Other Applications

By End User -

·?????????Biotechnology and Pharmaceutical Companies?

·?????????Hospitals and Diagnostics Centers?

·?????????Academic & Research Institutes?

·?????????Other End Users

By Region -

·?????????North America

·?????????Europe

·?????????Asia Pacific

·?????????Latin America

·?????????Middle East & Africa

Key Players:

·?????????Agilent Technologies

·?????????Illumina, Inc.

·?????????Bio-Rad Laboratories Inc.

·?????????Thermo Fishers

·?????????F. Hoffmann-La Roche AG

·?????????Standard BioTools

·?????????IBIOCHIPS

·?????????Cellix Ltd.

·?????????Randox Laboratories Ltd.

·?????????Takara Bio Inc.

·?????????Other Key & Niche Players

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