Asia-Pacific Will Dominate Biochips Market Size 2023 | Abbott Laboratories, PerkinElmer Inc.,

Technological advancements in the sector and increased utilization in personalized medicines, cancer diagnostics, and treatment drive the growth of the global biochip market. However, high cost of R&D activities related to biochips hampers the market
PUNE, India - Jan. 4, 2023 - PRLog -- According to the report published by Allied Market Research, In 2017, Asia-Pacific region garnered about $2.02 billion and is expected to register the fastest CAGR of 12.4% during the forecast period owing to various factors such as rapidly changing healthcare infrastructure in developing economies including India and China.

The global Biochips Market Size was Valued at USD 9.04 billion in 2017 and is Projected to Garner USD 21.42 billion by 2025, witnessing a Growing CAGR of 11.2% from 2018 to 2025.

Top Biochips Companies –
  • Abbott Laboratories
  • PerkinElmer Inc.
  • Illumina Inc.
  • Bio-Rad Laboratories Inc.
  • Thermo Fisher Scientific, Inc.
  • Agilent Technologies Inc.
  • Fluidigm Corporation
  • GE Healthcare
  • Cepheid Inc.
  • F. Hoffmann-La Roche AG.

Increased adoption of biochips in drug discovery, proteomics, and genomics and rise in utilization of personalized medicines in cancer diagnostics are expected to boost the growth of the global biochip market.

Get Sample PDF Report with Graphs and Figures Here:

Global biochip market Segmentation:

By Product
  • DNA Chip
  • Protein Chip
  • Lab-on-a-chip
  • Others

By Application
  • Drug Discovery & Development
  • Disease Diagnostics
  • Genomics
  • Proteomics
  • Agriculture
  • Other applications

By End User
  • Biotechnology and Pharmaceutical Companies
  • Hospitals & Diagnostics Centers
  • Academic & Research Institutes
  • Other end users

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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