Biochips Market: Industry Insights with Key Company’s Profiles - PerkinElmer, Illumina, Bio-Rad Laboratories

in biochips •  6 years ago 

Biochips Market size is projected to witness significant growth from 2017 to 2024.

Wide-ranging applications in the fields of proteomics, genomics, genotyping, and drug discovery coupled with rising adoption of the personalized medicines are the major factors driving the biochips market growth over the forecast period. The biochips are also used in detection of bacterial and viral agents that are causative agents for smallpox, anthrax and plague. In addition, the detection of malignant cells in body is possible and this aids in diagnosis and treatment of cancer.

Get Table of Content of this Report @ https://www.gminsights.com/request-toc/upcoming/1970

The technological developments such as, minimally invasive techniques for installation of biochips into patient’s body generates high adoption in numerous medical organizations. These microprocessor chips have increased diagnostic methods as well as lowered expenses thereby, boosting the demand. Moreover, requirement of miniaturizing clinical and biological tests that are used in diagnosis and research are determinants of increasing demand for bio-array techniques and biochips market.

Increasing prevalence of cancer will surge the demand in future. As per WHO prediction, deaths due to cancer will escalate up to 13 million by 2030. The technology of biochip is extremely helpful in cancer drugs development. In addition, the research conducted and some ongoing research studies along with appropriate funding provided by private and government organizations is propelling business growth. For instance, in 2012, the Institute of Bioengineering and Nanotechnology of Singapore developed miniaturized biochip to help in detection of resistant drug for cancerous cells.

The high cost of biochips and the requirement of robotic tools for scanning as well as handling micro scale sample may restrain the biochips market growth over the coming years. Additionally, the requirement of bioinformatics tools for data analysis thereby, the application of this technology is extremely expensive that will hamper the business growth.

The DNA chips segment accounted for major share in the biochips market owing to its wide-ranging applications in fields such as, drug discovery, gene expression, genomic studies, cancer treatment and diagnosis. Moreover, the high demand for analysis and recognition of genomic disorders are the factors fueling business growth.

Browse Full Report Details @ https://www.gminsights.com/industry-analysis/biochips-market

The microarray technology segment will witness substantial growth due to associated advantages offered such as, comparison of thousands of genes at once, powerful technology for sequenced genome, and gene expression studies. Additionally, there is no requirement of expensive and tedious process of positioning thus large batches production is possible.

Diagnostic centers and hospitals segment is growing efficiently with increasing demand in genomic testing and gene expression for detection of genetic disorders. In addition, the adoption by other fields for application in environmental contamination, biodefense, and identification of food pathogen upsurge biochips market growth.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.gminsights.com/industry-analysis/biochips-market