Research and Markets (http://www.researchandmarkets.com/research/kmxx8t/biochips_market)
has announced the addition of the "Biochips
Market (Microarrays/Lab on Chip)" report to their offering.
The global biochips market is expected to grow at a CAGR of around 18.0
% from 2014 to 2019
Revolution in the field of genomics, proteomics as well as rapid drug
discovery increased the demand for biochips. In addition, increase in
diagnosis and treatment of cancer and genetic diseases, approval for
personalized medicines and invention of novel technologies in biochips
drives the market of biochips. Standardization and quality assurance of
biochips, technological ease in handling the biochips especially in the
areas of diagnosis and treatment, high cost along with ethical and
social issues hinders the market growth.
Biochips come handy as thousands of experiments are performed on a small
chip with a solid platform and acts like a mini laboratry. Usage of
biochips has increased in the past decade as its application varies from
high throughput screening in drug discovery to personalized medicine.
The global biochips market is broadly classified as micro arrays and lab
on chip/micro fluidic systems based on its type. Biochips market is
segmented on the basis of application as diagnostic (In vitro diagnosis,
cancer diagnosis, and point of care diagnosis), drug delivery systems
(high throughput screening), research (genomics and proteomics) and
others (defense, forensic). Based on the products the biochips market is
further segmented into microarrays, reagents and consumables and others.
Lifestyle changes owing to increase in cancer, diabetes and hypertension
patients, early diagnosis and treatment of diseases, advancement of
biochips with its wide application areas shows that biochip market has
vast opportunities in the coming years.
North America accounts for the highest market share followed by Europe.
Steep rise in genetic diagnosis, huge corporate outsourcing for drug
discovery, increase in personalized medicines and favorable government
policies makes U.S. the leader of Biochips market. However, Asian
countries especially India and China's are the fast growing regions with
its growing demand for biochips and increasing research investments.
Key Topics Covered:
1. Executive Summary
3. Market Analysis
4. Biochips Market, By Types
5. Biochips Market, by Products
6. Biochips Market, by Application
7. Regional Market Analysis
8. Company Developments
9. Major Company Profiles
For more information visit http://www.researchandmarkets.com/research/kmxx8t/biochips_market
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