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Global Biochip Market 2017-2021

About Biochip

Biochips are bio-microsystems. Bio-microsystems are small integrated devices used for biochemical reactions, biological monitoring, research, academic studies, drug discovery, and much more. In simple terms, biochips are small sized chips that can perform multiple (generally thousands) biochemical reactions parallelly. A collection of microarrays or micro-test sites form these biochips. Microarrays when arranged on a surface made up of either glass or silicon, can perform large numbers of tests at the same. Thus, they help in cost and time saving.

Technavio’s analysts forecast the global biochip market to grow at a CAGR of 17.53% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global biochip market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Biochip Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Abbott
  • Agilent Technologies
  • Illumina
  • PerkinElmer
  • Thermo Fisher Scientific
Other prominent vendors
  • BioChain
  • Bio-Rad Laboratories
  • Cepheid
  • EMD Millipore
  • Fluidigm
  • SuperBioChips Laboratories
  • US Biomax
Market driver
  • Increase in market presence with collaboration strategy
  • For a full, detailed list, view our report
Market challenge
  • Standardization and accuracy issues
  • For a full, detailed list, view our report
Market trend
  • Growth in bioinformatics software industry
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

Press Release

Technavio Announces the Publication of its Research Report – Global Biochip Market 2017-2021

Technavio recognizes the following companies as the key players in the global biochip market: Abbott, Agilent Technologies, Illumina, PerkinElmer, and Thermo Fisher Scientific.

Other Prominent Vendors in the market are: BioChain, Bio-Rad Laboratories, Cepheid, EMD Millipore, Fluidigm, SuperBioChips Laboratories, and US Biomax.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growth in bioinformatics software industry. Bioinformatics software is a tool that is used in data collection, mining, database construction, and analysis of data. This tool is used in to create analysis results out of the massive amount of data that had been already collected. Along with this, bioinformatics software is also used in the field of genomics and proteomics. It helps in the identification and analysis of abnormalities in the genome of an organism.”

According to the report, one driver in the market is increase in market presence with collaboration strategy. The competition in this market is intense as the number of players is high. The players are competing among themselves based on technology and price. Apart from these two factors, another factor that differentiates these competitors from each other is their presence in the market. Players increase their market presence by collaborating with those companies that own bio-content. Research says that companies generate around 60% better results when they work in collaborations. This increases their profit margins. They collaborate with each other for R&D, financial resources, and intellectual properties.

Further, the report states that one challenge in the market is standardization and accuracy issues. With opportunities, come challenges and limitations. The same is the case with biotechnology. At one side, it has ample uses in medical and drug discovery, but there are challenges too that are limiting the use of biotechnology. One of the limitations of microarrays is the lack of accuracy. To avoid any problems later, all the people associated with it prefers to adhere to standardization and guidelines to study and analyze DNA. Another challenge is standardization of the information received from various platforms. If this practice is not followed, it may result in a serious loss of data available on the chip.

Companies Mentioned

Abbott, Agilent Technologies, Illumina, PerkinElmer, Thermo Fisher Scientific, BioChain, Bio-Rad Laboratories, Cepheid, EMD Millipore, Fluidigm, SuperBioChips Laboratories, and US Biomax.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Types of biochips and their applications
      • Table The biochip platform
      • Table Global biochip market: Overview
    • Market size and forecast
      • Table Global biochip market 2016-2021 ($ billions)
      • Table Significance of biochip in different sectors
      • Table Factors impacting global biochip market
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by fabrication technology
    • Table Global biochip market by fabrication technology 2016-2021 (% share)
    • Table Global biochip market by fabrication technology: Snapshot
    • Global biochip market by microarrays
      • Table Global biochip market by microarrays 2016-2021 ($ billions)
      • Table Applications of DNA microarrays
    • Global biochip market by microfluidics
      • Table Global biochip market by microfluidics 2016-2021 ($ billions)
      • Table Applications of lab-on-a-chip
  • Geographical segmentation
    • Table Global biochip market by geography 2016-2021 (% share)
    • Table Global biochip market by geography: Snapshot
    • Table Growth perspective in developed and developing market
    • Biochip market in Americas
      • Table Biochip market in Americas 2016-2021 ($ billions)
      • Table Programs held by companies in global biochip market
    • Biochip market in EMEA
      • Table Biochip market in EMEA 2016-2021 ($ billions)
    • Biochip market in APAC
      • Table Biochip market in APAC 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Biochips in testing agriculture products
      • Table Major chronic disease-related deaths 2012 (in thousands)
    • Market challenges
  • Market trends
    • Increasing POC diagnostics
    • Growing application of biochips in pharmacogenomics
    • Rise in vendors' strategic initiatives
    • Increasing use of biochip technology as alternative to animal testing
  • Vendor landscape
    • Competitive scenario
      • Table Strategic success factors for vendors
    • Investment opportunity
      • Table Investment opportunity mapping
  • Key vendor analysis
    • Agilent Technologies
      • Table Agilent Technologies: Profile
      • Table Agilent Technologies: Strength analysis
      • Table Agilent Technologies: Strategy assessment
      • Table Agilent Technologies: Opportunity assessment
    • GE Healthcare
      • Table GE Healthcare: Profile
      • Table GE Healthcare: Strength analysis
      • Table GE Healthcare: Strategy assessment
      • Table GE Healthcare: Opportunity assessment
    • PerkinElmer
      • Table PerkinElmer: Profile
      • Table PerkinElmer: Strength analysis
      • Table PerkinElmer: Strategy assessment
      • Table PerkinElmer: Opportunity assessment
    • Thermo Fisher Scientific
      • Table Thermo Fisher Scientific: Profile
      • Table Thermo Fisher Scientific: Strength analysis
      • Table Thermo Fisher Scientific: Strategy assessment
      • Table Thermo Fisher Scientific: Opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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