global biochips market reached a size of USD 12.94 billion, and it is anticipated to experience a compound annual growth rate (CAGR) of 11.5% throughout the forecast period. Factors contributing to this growth include the expanding utilization of biochips in Proteomics, Genomics, and drug discovery, substantial investments in Research & Development (R&D), a rising trend in adopting biochips for personalized medicine, and the increasing application of biochips in allergy detection. Moreover, the prevalence of life-threatening diseases and the growing use of biochips in animal medical testing are expected to further drive industry expansion and contribute to the overall revenue increase in the market.
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Market Overview:
Many individuals have encountered allergies to food, pollen, and other substances, resulting in symptoms such as fever, skin reactions, vomiting, asthma, and diarrhea. A novel and rapidly advancing technology in this realm is allergy testing biochips. These biochips represent a groundbreaking approach, featuring an array of various allergen components. This microarray allows for the comprehensive examination of patient-specific sensitization patterns in a single measurement.
The field of biochips holds great promise for allergy research, prompting companies to invest in the development of innovative technologies. As an illustration, in April 2021, Toray Industries unveiled a cutting-edge allergy testing biochip capable of detecting multiple allergen-specific immunoglobulin E (IgE) antibodies using minimal amounts of blood. Anticipated to contribute to the market’s revenue growth, the increasing adoption of biochips for allergen detection and testing is a notable trend during the forecast period.
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Key Players covered in this report are
- bioMerieux SA, F.
- Hoffmann-La Roche Ltd.
- Bio-Rad Laboratories, Inc.
- Fluidigm, Illumina, Inc.
- HORIBA, Ltd.
- PerkinElmer, Inc.
Based on Product Type market is segmented into:
- Glass
- Polymers
- Silicon
- Others
Based on Application market is segmented into:
- Genomics
- Proteomics
- In-Vitro Diagnostics
- Disease Diagnostics
- Agriculture
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- An analysis of Biochips industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Biochips manufacturers and provides valuable insight into the market for companies and individuals.
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