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Biochip Products and Services Market Shows Growth Due to Drug Discovery and Personalized Medicine Health Articles | April 12 Authentic Chase Winovich Jersey , 2016

Biochips are miniaturized laboratories that can perform thousands of biochemical reactions, such as polymerase chain reactions (PCR). The U.S. biochip product market held majority share of the total biochip market in 2011, at over 70%.



According to the research study, in 2011, the U.S. biochip products and services market was worth US$2.4 bn and is anticipated to be US$4.7 bn by the end of 2018. Furthermore, this market is projected to register a progressive 10.10% CAGR from 2012 and 2018. In the overall biochip products and services market, in 2011 Authentic Joejuan Williams Jersey , the U.S. biochip products and services market accounted for the largest share of about 70%.

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Rapid growth in personalized medicine, life science research, and drug discovery, and increasing application of proteomics technologies and genomics in cancer research are some of the major factors that are expected to boost the demand for biochip products and services in the U.S. market. On the other hand, availability of alternate technology, including polymerase chain reaction and mass spectrometry, and low commercial acceptance of biochips because of their high cost are the restraining factors that are expected to curb the growth of the U.S. biochip products and services market in the next few years.

On the basis of type Authentic N'Keal Harry Jersey , the biochip products and services market in the U.S. is segmented into reagents and other consumables, microarrays, and others. Among all these types, in 2011, the microarrays segment accounted for the largest share in the U.S. biochip products and services market owing to the technical advancements in this field and rise in the commercial application of biochips. In the microarrays segment, the largest share referring to biochip products and services is held by DNA chips, thanks to the increased adoption of gene expression in epidemiological research and drug delivery. Furthermore Derek Rivers Jersey , in the microarrays segment, protein chips and laboratory are anticipated to witness speedy growth in the U.S. market for biochip products and services. The fast growth of this segment is due to the broadening capabilities of protein chips and laboratory in diagnostic testing as well as drug delivery.

On the flip side, the reagents and other consumables segment is also expected to grow tremendously in the U.S. biochip products and services market. This segment is projected to register a 10.70% CAGR from 2012 to 2018, owing to the increasing demand for purification agents, sample preparations, and advanced labeling agents. The U.S. biochip products and services market has been segmented on the basis of application into defense, in vitro diagnostic testing Danny Etling Jersey , forensic medicine, drug delivery, disease, and life science research.

The market research report on the U.S. biochip products and services market has further provided an in-depth analysis of the prominent players operating in the biochip products and services market in the U.S. The analysis includes company overview, financial overview, business strategies, product portfolio Duke Dawson Jersey , and recent developments. Some of the key players mentioned in the report are Beckman Coulter, Inc., Roche, Agilent Technologies, Abbott Laboratories, GE Healthcare, Illumina Incorporated Sony Michel Jersey , Life Technologies Corporation, and Affymetrix Inc.

Key segments of the XYZ market

The U.S. biochip products and services market has been segmented into:

Biochip products and services market in the U.S., by Type
Microarrays
Reagents and Other Consumables
Others

Biochip products and services market in the U.S., by Application
Drug Delivery
In-Vitro Diagnostic (Ivd) Testing
Science Research
Disease Management
Defense
Forensic Medicine

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Article Tags: Biochip Products, Services Market, Drug Discovery, Personalized Medicine Isaiah Wynn Jersey , Largest Share, Microarrays Segment

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