Biochips Market 2020

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Biochips Market 2020-2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Biochips Market 2020-2023
Biochips Market Highlights
The Global Biochips Market held a market value
of USD 7,300 million in 2017 and is projected to
grow at a CAGR of 16.6 over the forecast
period. Due to increasing focus on research and
development of cell therapies, moreover
increasing applications in cancer treatment.
Companies are using a trend of strategic alliance
and acquisition to gain the market and minimize
the competition in the market. Additionally, the
growing research and development expenditure by
the government as well as private sector is
likely to contribute to the market growth. As per
the data by the Office for National Statistics,
in 2016, the gross domestic expenditure on
research and development (RD) was Euro 33.1
billion (USD 35.2 billion) in the UK. However,
the high cost of Automation may hamper the market
growth during the assessment period.   

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Biochips Market 2020-2023
Biochips Market Regional Analysis
On regional basis, the Americas is anticipated to
dominate the global biochips market owing to the
growing RD budgets by both government as well as
commercial pharmaceutical and biotechnological
companies and increasing adoption of advanced
technologies in the region.  Europe is expected
to hold the second largest position in the
global biochips market owing to the presence of
strong academic research base and availability
of funding for research in the European
countries. Asia Pacific has served an opportunity
for developing biochips market in this region due
to increasing demand for the better treatment and
devices and increasing prevalence of disease like
cancer. The Middle East Africa has the least
share of the global biochips market. Moreover,
the major market share of the region is expected
to be held by the Middle East region owing to the
increasing government initiatives for the
healthcare sector.  Browse Complete Report with T
OC _at_ https//www.marketresearchfuture.com/reports/
biochips-market-7063
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Biochips Market 2020-2023
Biochips Market Segmental Analysis
By type, the market has been segmented into DNA
chips, lab-on-a-chip, protein chips, cell arrays,
and tissue arrays. DNA chips is further segmented
into gene expression, SNP genotyping, cancer
diagnosis treatment, genomics, drug discovery,
agricultural biotechnology, and others.
Lab-on-a-chip is further segmented into clinical
diagnostics, genomics, IVD (In-Vitro Diagnostic)
POC (Point of care), Proteomics, Drug
Discovery, and others. Protein chips is further
segmented into proteomics, expression profiling,
diagnostics, high-throughput screening, drug
discovery, others. Based on technology, the
market has been segmented into microarrays and
microfluidics. The biochips market, by end user,
has been segmented into biotechnology and
pharmaceutical companies, hospitals and
diagnostics centers, academic research
institutes, and others.
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Biochips Market 2020-2023
Biochips Market Key Players

•  Perkinelmer, Inc.
• Fluidigm Corporation
• Agilent Technologies, Inc.
• Abbott Laboratories
• Bio-Rad Laboratories Inc.
• Cepheid Inc.
• Illumina, Inc.
• GE Healthcare
• Thermo Fisher Scientific, Inc
• Roche Diagnostics
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