Biochip Market Specifications, Business Overview and
Manufacturing Base Forecast 2013-2024
“Global Biochips Market size was valued at USD 7.63 billion in 2015. With
potential applications of genomics and proteomics in biotech R&D, along with
rapid technological innovation and increase in adoption of personalized
medicines, it is expected that this market will witness considerable growth in
revenue over the forecast period.”
Industry Insights
Global Biochips Market size was valued at USD 7.63 billion in 2015. With potential applications of genomics and
proteomics in biotech R&D, along with rapid technological innovation and increase in adoption of personalized
medicines, it is expected that this market will witness considerable growth in revnue over the forecast period.
For biochip technology, in order to enhance its usability, there is an improvement in resolution, preparation
procedures and accuracy along with the reduction in the cost of the materials associated with manufacturing
the biochips. These factors are expected to further reinforce growth potential. Anticipated commercialization
and launch of novel treatments and diagnosis products including non-laboratory and laboratory research is
expected to fuel growth over the forecast period.
Current developments aiming to miniaturize biochips even further can be anticipated to increase the additional
usage and applicability for genetic sequencing methodologies, such as diabetes genomics. With the rise in usage
of the biochip technology, it is anticipated that cost of genome profiling can reduce even further for studies such
as protein expression analysis among others. Hence, proteomics and genomics labeling techniques along with
other protein profiling techniques are expected to witness a growth in demand.
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