Global biochip scanner market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of ~18% during the forecast period.
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Global biochip scanner market Definition
Biochips are miniature version of the laboratories and are the most significant part of molecular biology. Biochips are generally used to perform thousands or hundreds of biochemical reactions at the same time. A biochip scanner is a device that is used to discover and obtain fluorescence signal data from biochips or biological microchips and these devices consist of a laser to emit a laser beam and scan the particular rows of the biochips.
Global biochip scanner market Dynamics
A biochip scanner market has witnessed an ample growth from the past few years. The growth of the biochip scanner market is primarily driven by its growing significance in various biomedical applications. An increasing requirement to reduce turnaround time, rising demand of biochip scanners for researches and diagnostics activities to perform clinical tests, growing technological advancements and rising applications of biochips, ongoing research and development activities in large-scale genomic and proteomic field and advances in nanotechnology are expected to improve growth of the market during the forecast period.
However, high cost of biochip scanners, risks of hazardous problems of individual privacy and high complexity of biological systems are major restraining factors that could hamper the growth of the market.
Global Biochip Scanner Market: Segmentation Analysis
By type, the DNA chip segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. Increasing investments in research activities and rising demand for next-generation and advanced genetic disorder diagnosis and detection tools are attributed to the growth of the market. A rising adoption of DNA chips in applications such as gene expression profiling, to identify novel drugs, to discover the dissimilarities in gene expression levels in cells and to detect the mutations in specific genes is expected to improve growth of the market during the forecast period.
Global Biochip Scanner Market: Regional Analysis
Region-wise, North America held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The US and Canada are the major key contributors behind the growth of the market. The growth is attributed to the growing technological advancements in the biomedical field across the region.
Growing adoption of biochip scanners in research laboratories and increasing use of biochip scanning technology in drug development, clinical research, toxicology studies, diagnostics and in various clinical trials is driving the growth of the market in the NA region.
The objective of the report is to present a comprehensive analysis of the Global Biochip Scanner Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Biochip Scanner Market dynamics, structure by analyzing the market segments and projects the Global Biochip Scanner Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Biochip Scanner Market make the report investor’s guide.
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The Scope of Global Biochip Scanner Market: Inquire before buying
Global Biochip Scanner Market, By Type
• DNA Chips
• Protein Chips
• Cancer Diagnosis and Treatment
• Gene Expression
• Single Nucleotide Polymorphism (SNP) Genotyping
• Drug Discovery
• Others (Agricultural Biotechnology, Proteomics, Expression Profiling, High Throughput Screening)
Global Biochip Scanner Market, By End User
• Biotechnology & Pharmaceutical Companies
• Hospitals & Diagnostics Centers
• Academic & Research Institutes
Global Biochip Scanner Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global Biochip Scanner Market, Key Players
• Agilent Technologies, Inc
• Bio-Rad Laboratories, Inc
• Cepheid Inc
• Fluidigm Corporation
• GE Healthcare
• Hoffman-La-Roche Ltd
• Illumina, Inc
• Ocimum Biosolutions Ltd
• PerkinElmer, Inc
• Takara Bio Inc
• Thermo Fisher Scientific Inc
• Merck Millipore
• Sigma-Aldrich Corporation
• Abbott Laboratories
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