US Market for Biochip Products and Services to Reach USD 11,151.8 Million, Globally, at 10.1% CAGR Expected by 2028 | Abbott Laboratories, Agilent Technologies, Affymetrix

A biochip is a biochip gadget used for the examination of genomics, proteomics and useful genomics on a large scale. He finds applications in clinical exploration, diagnostics, drug advancement, toxicology studies and patient choice for clinical foreplay.

The U.S. market for biochip products and services was valued at 5,161.8 million US dollars in 2020 and is expected to reach a value of US $ 11,151.8 million by 2027 to a CAGR of 10.1% between 2021 and 2028. Increase in approvals and product launches during the forecast period.

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Conductors:

The approval and launch of new products is expected to drive the growth of the US market for biochip products and services during the forecast period. AYOXXA Biosystems GmbH, for example, launched LUNARISTM chemokine kits in April 2019 to study human (Human 11-Plex) and murine (Mouse-12-Plex) chemokine signaling pathways.

Opportunities:

Biochip research and development is expected to provide attractive development opportunities for much of the US market for biochip products and services. For example, in May 2020, specialists from the Russian Academy of Sciences in Russia announced the advancement of 3D biochips and improved scientific strategies that may encourage more in-depth examinations towards a viable application for the discovery of the infection with hepatitis C.

Constraints:

The accessibility of elective innovations, for example, mass spectrometry and polymerase binding response are expected to restrain the growth of the market. Advances, for example, mass spectrometry and polymerase chain response can be used as substitutes for biochips. Mass spectrometry is used to decide and study the spectra of various particles present in the example of any material. Polymerase chain response is the technique of intensifying a single DNA or a pair of duplicates from any source.

Key points to remember:

In terms of volume, the DNA microarray segment dominated the US biochip products and services industry in 2019, accounting for 57.5% of the market. The market is expected to expand owing to the increase in research and development as well as the increase in the prevalence of cancer.

Market trends:

A blend of biochips with state-of-the-art sequencing. The biochip steps for single cell or rare particle examinations by advanced sequencing encourage advantageous preparation of nucleic acids from organic frames.

Advances in personalized drugs are expected to support market development. The biochips as well as advanced sequencing can be used in drug evaluation for personalized drugs.

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Competitive landscape:

Abbott Laboratories, Agilent Technologies, Affymetrix Inc., Beckman Coulter, Inc., Illumina Incorporated, Life Technologies Corporation, Randox Laboratories Ltd., Surfix BV, and AYOXXA Biosystems GmbH are some of the major players in the US biochip products and services industry. .

Key developments:

In April 2019, Qurin Diagnostics BV and Lionix International BV acquired Surfix BV, a supplier of bespoke nanocoatings

In January 2019, AYOXXA Biosystems GmbH signed a research agreement with one of the world’s leading pharmaceutical companies (details were not disclosed) to develop a series of low volume, high sensitivity multiplex protein assays for the validation of protein biomarkers in the field. ophthalmology.

Reasons to buy this report

• Current and future outlook for the global United States biochip products and services market in developed and emerging markets.

• The segment which is expected to dominate the market as well as the segment which holds the highest CAGR during the forecast period.

• Regions / countries expected to experience the fastest growth rates during the forecast period

• The latest developments, market shares and strategies used by the main market players

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Contents

  1. Research objectives and hypotheses
    • Research objectives
    • Hypotheses
    • Abbreviations
  2. Market Snapshot
    • Description of the report
      • Definition and scope of the market
    • Abstract
      • Market extract, by type
      • Market extract, by application
      • Coherent Opportunity Map (COM)
  3. Analysis of market dynamics, regulations and trends
    • Market dynamics
      • Conductors
      • Constraints
      • Market opportunities
    • Impact analysis
    • Highlights
    • Product launch
    • PEST analysis
    • Technological advances
    • Regulatory scenario
    • Mergers and Acquisitions
  4. U.S. Biochip Products and Services Market, by Type, 2019-2027, (USD Million)
    • introduction
      • Market share analysis, 2020 and 2027 (%)
      • Year-on-year growth analysis, 2017 – 2027
      • Segment trends
    • Some products
      • introduction
      • Market Size and Forecast, and Year-on-Year Growth, 2016-2027, (USD Million)
        • Microarrays
        • Reagents and other consumables
        • Others
    • Services
      • introduction
      • Market Size and Forecast, and Year-on-Year Growth, 2016-2027, (USD Million)
  5. United States Biochip Products and Services Market, By Application, 2019-2027, (USD Million)
    • introduction
      • Market share analysis, 2020 and 2027 (%)
      • Year-on-year growth analysis, 2017 – 2027
      • Segment trends
    • Drug discovery
      • introduction
      • Market Size and Forecast, and Year-on-Year Growth, 2016-2027, (USD Million)
        • Microarrays
        • Reagents and other consumables
        • Others
    • Life science research
      • introduction
      • Market Size and Forecast, and Year-on-Year Growth, 2016-2027, (USD Million)
    • DIV tests
      • introduction
      • Market Size and Forecast, and Year-on-Year Growth, 2016-2027, (USD Million)
    • Others
      • introduction
      • Market Size and Forecast, and Year-on-Year Growth, 2016-2027, (USD Million)
  6. Competitive landscape
    • Company Profiles
      • Abbott Laboratories
        • Company presentation
        • Product portfolio
        • Financial overview
        • Highlights
        • Market strategies
      • Agilent Technologies
        • Company presentation
        • Product portfolio
        • Financial overview
        • Highlights
        • Market strategies
      • Affymetrix Inc.
        • Company presentation
        • Product portfolio
        • Financial overview
        • Highlights
        • Market strategies
      • Beckman Coulter, Inc.
        • Company presentation
        • Product portfolio
        • Financial overview
        • Highlights
        • Market strategies
      • Illumina incorporated
        • Company presentation
        • Product portfolio
        • Financial overview
        • Highlights
        • Market strategies
      • Society of Life Technologies
        • Company presentation
        • Product portfolio
        • Financial overview
        • Highlights
        • Market strategies
      • Randox Laboratories Ltd.
        • Company presentation
        • Product portfolio
        • Financial overview
        • Highlights
        • Market strategies
      • Surfix BV
        • Company presentation
        • Product portfolio
        • Financial overview
        • Highlights
        • Market strategies
      • AYOXXA Biosystems GmbH
        • Company presentation
        • Product portfolio
        • Financial overview
        • Highlights
        • Market strategies
  7. Section
    • The references
    • Research methodology
    • About us and commercial contact

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on helping our plethora of clients achieve transformational growth by helping them make critical business decisions. We have our head office in India, an office at Global Financial Capital in the United States, and business consultants in the United Kingdom and Japan. Our clientele includes players from various industries in more than 150 countries around the world. We pride ourselves on serving clients of all backgrounds, from Fortune 500 companies to nonprofits and startups looking to enter the market. We excel in providing unmatched actionable market insights across various industry verticals including chemicals and materials, healthcare, food and beverage, consumer goods, packaging, semiconductors, software and services, telecommunications and automotive. We offer syndicated market intelligence reports, customized research solutions and advisory services.

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