According to #TechSci Research report, the Global Biochip Market, it was valued at USD11694.24 million in 2020 and is expected to reach USD23890.58 million by registering a CAGR of 12.52%.
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GLOBAL BIOCHIP MARKET
FORECAST & OPPORTUNITIES
2016 – 2026
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
Scope of Report
Product of Interest (POI): Biochip
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year Range
A biochip is a collection of miniaturized test sites
(microarrays) arranged on a solid substrate that permits many tests
to be performed at the same time in order to achieve higher
throughput and speed. Typically, a biochip's surface area is no
larger than a fingernail. Like a computer chip that can perform
millions of mathematical operations in one second, a biochip can
perform thousands of biological reactions, such as decoding genes,
in a few seconds.
Market Segmentation
REGION
Europe
North America
South America
Middle East & Africa
Asia Pacific
TYPE
DNA Chips
Lab-On-a-Chips
Protein Chips
Others
APPLICATION
Drug Discovery & Development
Disease Diagnostics
Genomics
Proteomics
Others
TECHNOLOGY
Microarray
Microfluidics
END USER
Hospitals & Diagnostics Centres
Academic & Research Institutes
Biotechnology & Pharmaceutical Companies
Others
Table of Contents
S. No.ContentsPage No.1. Product Overview (Definition of product
and major terminologies used in the report)2. Research Methodology
(Detailed description of the methodology used to conduct the
research, Raw data backup, list of all secondary sources, List of
respondents for primary surveys)3.Impact of COVID-19 on Global
Biochip Market 4.Executive Summary (This chapter covers summary of
the complete study.)5.Voice of Customer (Brand Awareness,
Challenges Faced Post Purchase, Factors Influencing Purchase
Decision)6.Global Biochip Market Outlook, 2016-2026F (This chapter
includes a brief overview of the product of interest market such as
total market’s growth rate, expected growth rate, key growth
levers, leading region, top grossing product Type, etc. It includes
more of a qualitative information about the market.)6.1.Market Size
& Forecast6.1.1.By Value6.2.Market Share & Forecast6.2.1.By
Technology (Microarray v/s Microfluidics)6.2.2.By Type (DNA Chips,
Lab-On-a-Chips, Protein Chips, Others)6.2.3.By Application (Drug
Discovery & Development, Disease Diagnostics, Genomics,
Proteomics, Others)6.2.4.By End User (Hospitals & Diagnostics
Centres, Academic & Research Institutes, Biotechnology &
Pharmaceutical Companies, Others)6.2.5.By Company (2020)6.2.6.By
Region6.3. Product Market Map
Table of Contents
S. No.ContentsPage No.7.North America Biochip Market Outlook,
2016-2026F7.1.Market Size & Forecast7.1.1.By Value7.2.Market
Share & Forecast7.2.1.By Technology7.2.2.By Type7.2.3.By
Application7.2.4.By End User7.2.5.By Country 7.3.North America:
Country Analysis7.3.1.United States Biochip Market Outlook,
2016-2026F7.3.1.1.Market Size & Forecast7.3.1.1.1.By
Value7.3.1.2.Market Share & Forecast7.3.1.2.1.By
Technology7.3.1.2.2.By Type7.3.1.2.3.By Application7.3.1.2.4.By End
User
Table of Contents
S. No.ContentsPage No.7.3.2.Canada Biochip Market Outlook,
2016-2026F7.3.2.1.Market Size & Forecast7.3.2.1.1.By
Value7.3.2.2.Market Share & Forecast7.3.2.2.1.By
Technology7.3.2.2.2.By Type7.3.2.2.3.By Application7.3.2.2.4.By End
User7.3.3.Mexico Biochip Market Outlook, 2016-2026F7.3.3.1.Market
Size & Forecast7.3.3.1.1.By Value7.3.3.2.Market Share &
Forecast7.3.3.2.1.By Technology7.3.3.2.2.By Type7.3.3.2.3.By
Application7.3.3.2.4.By End User
Table of Contents
S. No.ContentsPage No.8.Europe Biochip Market Outlook,
2016-2026F8.1.Market Size & Forecast8.1.1.By Value8.2.Market
Share & Forecast8.2.1.By Technology8.2.2.By Type8.2.3.By
Application8.2.4.By End User8.2.5.By Country 8.3.Europe: Country
Analysis8.3.1.France Biochip Market Outlook,
2016-2026F8.3.1.1.Market Size & Forecast8.3.1.1.1.By
Value8.3.1.2.Market Share & Forecast8.3.1.2.1.By
Technology8.3.1.2.2.By Type8.3.1.2.3.By Application8.3.1.2.4.By End
User
Table of Contents
S. No.ContentsPage No.8.3.2.Germany Biochip Market Outlook,
2016-2026F8.3.2.1.Market Size & Forecast8.3.2.1.1.By
Value8.3.2.2.Market Share & Forecast8.3.2.2.1.By
Technology8.3.2.2.2.By Type8.3.2.2.3.By Application8.3.2.2.4.By End
User8.3.3.United Kingdom Biochip Market Outlook,
2016-2026F8.3.3.1.Market Size & Forecast8.3.3.1.1.By
Value8.3.3.2.Market Share & Forecast8.3.3.2.1.By
Technology8.3.3.2.2.By Type8.3.3.2.3.By Application8.3.3.2.4.By End
User
Table of Contents
S. No. Contents Page No.8.3.4.Italy Biochip Market Outlook,
2016-2026F8.3.4.1.Market Size & Forecast8.3.4.1.1.By
Value8.3.4.2.Market Share & Forecast8.3.4.2.1.By
Technology8.3.4.2.2.By Type8.3.4.2.3.By Application8.3.4.2.4.By End
User8.3.5.Spain Biochip Market Outlook, 2016-2026F8.3.5.1.Market
Size & Forecast8.3.5.1.1.By Value8.3.5.2.Market Share &
Forecast8.3.5.2.1.By Technology8.3.5.2.2.By Type8.3.5.2.3.By
Application8.3.5.2.4.By End User
Table of Contents
S. No.ContentsPage No.9.Asia-Pacific Biochip Market Outlook,
2016-2026F9.1.Market Size & Forecast9.1.1.By Value9.2.Market
Share & Forecast9.2.1.By Technology9.2.2.By Type9.2.3.By
Application9.2.4.By End User9.2.5.By Country 9.3.Asia-Pacific:
Country Analysis9.3.1.China Biochip Market Outlook,
2016-2026F9.3.1.1.Market Size & Forecast9.3.1.1.1.By
Value9.3.1.2.Market Share & Forecast9.3.1.2.1.By
Technology9.3.1.2.2.By Type9.3.1.2.3.By Application9.3.1.2.4.By End
User
Table of Contents
S. No.ContentsPage No.9.3.2.India Biochip Market Outlook,
2016-2026F9.3.2.1.Market Size & Forecast9.3.2.1.1.By
Value9.3.2.2.Market Share & Forecast9.3.2.2.1.By
Technology9.3.2.2.2.By Type9.3.2.2.3.By Application9.3.2.2.4.By End
User9.3.3.Japan Biochip Market Outlook, 2016-2026F9.3.3.1.Market
Size & Forecast9.3.3.1.1.By Value9.3.3.2.Market Share &
Forecast9.3.3.2.1.By Technology9.3.3.2.2.By Type9.3.3.2.3.By
Application9.3.3.2.4.By End User
Table of Contents
S. No.ContentsPage No.9.3.4.South Korea Biochip Market Outlook,
2016-2026F9.3.4.1.Market Size & Forecast9.3.4.1.1.By
Value9.3.4.2.Market Share & Forecast9.3.4.2.1.By
Technology9.3.4.2.2.By Type9.3.4.2.3.By Application9.3.4.2.4.By End
User9.3.5.Australia Biochip Market Outlook,
2016-2026F9.3.5.1.Market Size & Forecast9.3.5.1.1.By
Value9.3.5.2.Market Share & Forecast9.3.5.2.1.By
Technology9.3.5.2.2.By Type9.3.5.2.3.By Application9.3.5.2.4.By End
User
Table of Contents
S. No.ContentsPage No.10.South America Biochip Market Outlook,
2016-2026F10.1.Market Size & Forecast10.1.1.By Value10.2.Market
Share & Forecast10.2.1.By Technology10.2.2.By Type10.2.3.By
Application10.2.4.By End User10.2.5.By Country 10.3.South America:
Country Analysis10.3.1.Brazil Biochip Market Outlook,
2016-2026F10.3.1.1.Market Size & Forecast10.3.1.1.1By
Value10.3.1.2.Market Share & Forecast10.3.1.2.1.By
Technology10.3.1.2.2.By Type10.3.1.2.3.By Application10.3.1.2.4.By
End User
Table of Contents
S. No.ContentsPage No.10.3.2.Argentina Biochip Market Outlook,
2016-2026F10.3.2.1.Market Size & Forecast10.3.2.1.1By
Value10.3.2.2.Market Share & Forecast10.3.2.2.1.By
Technology10.3.2.2.2.By Type10.3.2.2.3.By Application10.3.2.2.4.By
End User10.3.3.Colombia Biochip Market Outlook,
2016-2026F10.3.3.1.Market Size & Forecast10.3.3.1.1By
Value10.3.3.2.Market Share & Forecast10.3.3.2.1.By
Technology10.3.2.2.2.By Type10.3.2.2.3.By Application10.3.2.2.4.By
End User
Table of Contents
S. No.ContentsPage No.11.Middle East & Africa Biochip Market
Outlook, 2016-2026F11.1.Market Size & Forecast11.1.1.By
Value11.2.Market Share & Forecast11.2.1.By Technology11.2.2.By
Type11.2.3.By Application11.2.4.By End User11.2.5.By Country
11.3.Middle East & Africa : Country Analysis11.3.1.South Africa
Biochip Market Outlook, 2016-2026F11.3.1.1.Market Size &
Forecast11.3.1.1.1.By Value11.3.1.2.Market Share &
Forecast11.3.1.2.1.By Technology11.3.1.2.2.By Type11.3.1.2.3.By
Application11.3.1.2.4.By End User
Table of Contents
S. No.ContentsPage No.11.3.2.Saudi Arabia Biochip Market
Outlook, 2016-2026F11.3.2.1.Market Size & Forecast11.3.2.1.1.By
Value11.3.2.2.Market Share & Forecast11.3.2.2.1.By
Technology11.3.2.2.2.By Type11.3.2.2.3.By Application11.3.2.2.4.By
End User11.3.3.UAE Biochip Market Outlook,
2016-2026F11.3.3.1.Market Size & Forecast11.3.3.1.1.By
Value11.3.3.2.Market Share & Forecast11.3.3.2.1.By
Technology11.3.3.2.2.By Type11.3.3.2.3.By Application11.3.3.2.4.By
End User
Table of Contents
S. No.ContentsPage No.12.Market Dynamics (This chapter assesses
the major demand drivers and
restraints.)12.1.Drivers12.2.Challenges13.Market Trends &
Developments (This section captures recent trends pertaining to
manufacturing or consumption, market movements in terms of points
of production and consumption, advancements and
development)14.Competitive Landscape 14.1.Competition
Outlook14.2.Global Players Profiled (Leading Companies)14.2.1.
Company DetailsCompany Details14.2.2. Products &
ServicesProducts & Services14.2.3. Financials (As
Reported)Financials (As Reported)14.2.4. Key Market Focus &
Geographical PresenceKey Market Focus & Geographical
Presence14.2.5. Recent DevelopmentsRecent Developments14.2.6. Key
Management PersonnelKey Management Personnel15.Strategic
Recommendations (Based on the findings of the report strategic
recommendations on how to enter and expand market share)16.About Us
& Disclaimer
Research Methodology
Identifying Key Opinion Leaders
Questionnaire Design
In-depth Interviews
Data Collection
Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to determine top
players in the global biochip market, overall market size and
segmental market size.
In order to conduct industry experts’ interviews, TechSci
formulated a detailed discussion guide.
List of industry players and industry specialists was
developed.
TechSci conducted interviews with industry experts and industry
players for data collection and verification.
Data obtained as a result of primary and secondary research was
validated through rigorous triangulation.
The data was scrutinized using MS-Excel, statistical tools and
internal proprietary database to obtain qualitative and
quantitative insights about the global biochip market.
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research
Desk Research
Company Analysis
Recent Developments
Market Changing Aspects/Dynamics
Government Policies
Conclusion
Market Participants
Key Strengths
LinkedIn
TechSci Internal Database
Factiva
Hoovers
Paid Sources
Company Websites
Company Annual Reports
White Paper Study
Financial Reports
Investor Presentations
Regulatory Body
Associations, etc.
Secondary Research
Primary Research
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and
analyzed various aspects of the global biochip market. The team has
analyzed the outlook of various segments of this market, while
considering the major influencing factors such as increase use of
biochip. The study includes market forecasting, which would enable
our clients to take better decisions while planning their strategy
to achieve sustainability in the global biochip market.
Methodology Followed for Calculation of Market Size:
Market Size by Value & Volume : Market size, in terms of
value, for the year 2020 was calculated based on information
collected through exhaustive secondary research and primary
surveys, with various key opinion leaders/stakeholders, such as
biochip manufacturers, channel partners, market influencers &
end users, industry experts, and other industry participants.
The team interviewed more than 15 – 20 biochip manufacturers,
100 – 120 end users, and 15 – 20 industry experts and other value
chain stakeholders in the global biochip market to obtain the
overall market size from 2016 to 2020, which was validated by the
Delphi technique. Taking standard deviation into consideration, the
market size was averaged out, to arrive at the market size data
during 2016-2020.
Research Methodology
Respondents were asked about the current and future market
growth rates, market shares by technology, by type, by application,
by end user, by company and by each region. Removing the outlier
responses, the geometric mean of growth estimates and provider wise
revenue shares generated across various segments were considered,
to arrive at the final revenue shares. Revenue shares generated
across various type were further triangulated from other
stakeholders.
Methodology Followed for Calculation of Market Shares:
Market shares by technology, by type, by application, by end
user, by company and by each region were calculated based on the
responses received through primary surveys with industry experts,
in which the respondents were asked about the market shares or
revenue generated from various types of biochip. The final shares
were calculated by taking the geometric mean of the responses
gathered from key opinion leaders after eliminating the
outliers.
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected
through the surveys with logic checks and analyzed the survey
results in SPSS/Tableau Software.
Data triangulation techniques were applied to fill the gaps and
to present a more meaningful picture of the market. To forecast
global biochip market, TechSci Research used various forecast
techniques such as:
Moving Average
Time Series Analysis
Regression Analysis
Econometric and Judgmental Analysis
Research Methodology
TechSci Research used its own forecast tool, which is based on
the growth of various allied industries in respective regions.
TechSci Research also used the impact analysis during short, medium
and long term period to estimate the demand and to reach accurate
market numbers. It should be noted that the figures compiled are
only for the organized market including market share data. The
currency used in the report is the United States Dollar (USD), with
the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary
SourcesAbbott Laboratories Ltd.Agilent Technologies,
Inc.PerkinElmer Inc.Fluidigm CorporationIllumina, Inc.GE Healthcare
Inc.Bio-Rad Laboratories Inc.Thermo Fisher Scientific, Inc.F.
Hoffmann-La Roche AGBioMérieux SAHoriba, Ltd.Qiagen N.V.Randox
Laboratories Ltd.OriGene Technologies, Inc.CepheidWorld
BankInternational Monetary Fund (IMF)TechSci Research Proprietary
Database & Knowledge RepositoryCompany Annual Reports Industry
MagazinesIndustry ReportsNews DailiesCredible Paid Databases
Industry Brief
According to TechSci Research report, “Global Biochip Market By
Technology (Microarray v/s Microfluidics), By Type (DNA Chips,
Lab-On-a-Chips, Protein Chips, Others), By Application (Drug
Discovery & Development, Disease Diagnostics, Genomics,
Proteomics, Others), By End User (Biotechnology &
Pharmaceutical Companies, Hospitals & Diagnostics Centers,
Academic & Research Institutes, Others), By Company, By Region,
Forecast & Opportunities, 2026”, the biochip market was valued
at USD11694.24 million in 2020 and is expected to reach USD23890.58
million by registering a CAGR of 12.52%. The increasing prevalence
of various chronic diseases like cancer, immunological disorders
and other infectious diseases, especially among the geriatric
population is acting as a major growth factor for the global
biochip market. Moreover, the rising demand for targeted therapies
and personalized medicines, extensive R&D activities and
supportive government policies are some other key factors
supporting the global biochip market growth. Furthermore, ongoing
technological innovations and new product launches by major players
operating in the market are expected to create lucrative growth
opportunities for the market over the next five years.
Additionally, biochips are also finding applications in the field
of genomics, genotyping and proteomics. This in turn is likely to
positively influence the market growth through 2026. Apart from
that, various economies are increasing spending on clinical
research which is further augmenting the growth of the global
biochip market. However, the high cost of biochips and lack of
awareness especially in developing and underdeveloped countries can
hamper the market growth.
The global biochip market is segmented based on type,
technology, application, end user and region. Based on end user,
the market can be fragmented into biotechnology &
pharmaceutical companies, hospitals & diagnostics centers,
academic & research institutes, and others. The hospitals &
diagnostic centers segment dominated the market in 2020 by holding
40.53% of the market share and is expected to maintain its leading
position in the market on account of the extensive use of biochips
by them. This can be ascribed to the associated advantages of
biochips such as affordability, time saving and ability to deliver
high throughput without requiring instruments. In terms of
application, the market is fragmented into drug discovery &
development, disease diagnostics, genomics, proteomics, others. Out
of which, the drug discovery & development application segment
held the largest market share in 2020 on account of the growing
development of targeted and personalized medicines for treating
cancer. Also, the disease diagnostics segment is projected to
witness the highest growth in the forthcoming years due to the
rising demand for the detection and diagnosis of genetic disorders
across the globe. Based on type, the market can be categorized into
DNA Chips, Lab-On-a-Chips and Protein Chips. Out of which, the DNA
chips segment dominated the market in 2020 on account of its
widespread adoption and use of DNA chip products. Moreover,
increased spending on research related to genomics and
next-generation sequencing is further contributing to the growing
demand for DNA biochips.
Major players operating in the global biochip market are Abbott
Laboratories Ltd., Agilent Technologies, Inc., PerkinElmer Inc.,
Fluidigm Corporation, Illumina, Inc., GE Healthcare Inc., Bio-Rad
Laboratories Inc., Thermo Fisher Scientific, Inc., F. Hoffmann-La
Roche AG, bioMérieux SA, Horiba, Ltd., Qiagen N.V., Randox
Laboratories Ltd., OriGene Technologies, Inc., Hologic, Inc., among
others. Companies are investing in developing advanced technologies
and launching new services in order to enhance their product
portfolio and are also undergoing inorganic growth strategies such
as mergers & acquisitions, strategic partnerships,
collaborations and joint ventures.
“Regionally, North America is expected to dominate the global
biochip market through 2026 on account of growing prevalence of
various sedentary lifestyle associated diseases in the countries
like United States and Canada. However, the Asia Pacific region is
expected to register the fastest CAGR during the forecast period
owing to the growth in life science industry and improving
healthcare facilities in the region. Additionally, major players
operating in the market are expanding their business in the region
especially in countries like India and China, positively
influencing the growth of the market.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global
management consulting firm.
Sample Data - Snaphshot
Global Biochip Market Size, By Value (USD Million),
2016–2026F
CAGR BY VALUE: XX%
CAGR BY VALUE: XX%
Asia-Pacific Biochip Market Share, By Technology, By Value,
2016–2026F
India Biochip Market Share, By Type, By Value, 2016–2026F
By Value (USD Million)
201620202021E2026F56789101112131415
Microarray
201620172018201920202021E2022F2023F2024F2025F2026F0.50.50.50.50.50.50.50.50.50.50.5Microfluidics
201620172018201920202021E2022F2023F2024F2025F2026F0.50.50.50.50.50.50.50.50.50.50.5
DNA Chips
201620172018201920202021E2022F2023F2024F2025F2026F0.250.250.250.250.250.250.250.250.250.250.25Lab-On-a-Chips
201620172018201920202021E2022F2023F2024F2025F2026F0.250.250.250.250.250.250.250.250.250.250.25Protein
Chips
201620172018201920202021E2022F2023F2024F2025F2026F0.250.250.250.250.250.250.250.250.250.250.25Others
201620172018201920202021E2022F2023F2024F2025F2026F0.250.250.250.250.250.250.250.250.250.250.25
Report Ordering
Report Name: GLOBAL BIOCHIP MARKET
FORECAST & OPPORTUNITIES
2016 – 2026
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About Us & Disclaimer
TechSci Research is a global market research and consulting
company with offices in the US, UK and India. TechSci Research
provides market research reports in number of areas to
organizations. The company uses innovative business models that
focus on improving productivity, while ensuring creation of
high-quality reports. The proprietary forecasting models use
various analyses of both industry-specific and macroeconomic
variables on a state-by-state basis to produce a unique ‘bottom-up’
model of a country, regional and global industry prospects.
Combined with the detailed analysis of company activity and
industry trends, the result is a uniquely rich evaluation of the
opportunities available in the market.
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representation is made that it is timely, accurate or complete.
TechSci Research has taken due care and caution in compilation of
data as this has been obtained from various sources including which
it considers reliable and firsthand. However, TechSci Research does
not guarantee the accuracy, adequacy or completeness of any
information and it is not responsible for any errors or omissions
or for the results obtained from the use of such information and
especially states that it has no financial liability whatsoever to
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