Global Biochips Market Details, Key Players, Revenue and Growth Opportunities 2022–2030
A biochip is an array of tiny test sites (microarrays) set on a solid substrate that enables multiple tests to be run simultaneously for increased throughput and speed. The structure of several short strands of DNA (deoxyribonucleic acid), the fundamental chemical code that determines an organism’s features, is intended to “freeze” into place on a genetic biochip. It functions as a sort of “test tube” for actual chemical samples. Where the sample hybridized with DNA strands on the biochip can be identified using a special type of microscope. The Human Genome Project, an ongoing international research effort, was greatly accelerated by the use of biochips in identifying the 80,000 or more estimated genes present in human DNA. The microprocessor is claimed as having a rapid DNA sequencing “word search” feature.
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In the last few years, biochips is proving to be the most exciting technology in the fields of biotechnology. Advances in the field of genomics, proteomics and pharmaceuticals are empowering the scientists with new methods for unraveling the complex biochemical processes occurring within the cells with the larger goals of understanding and treating human diseases. Moreover, the semiconductor industry has been steadily perfecting the science of micro-miniaturization which has led to the merging of these two fields the advanced development of biochips. Biochips are anticipated to soon be able to quickly identify an expanding variety of disease disorders as they develop into more potent small labs. Such systems will soon be accessible for home care monitoring, which will be able to diagnose a variety of medical disorders with just a touch, when combined with gene mapping and protein sequencing.
During Covid-19, leading players in the biochips market were focused on developing biochips for the rapid detection of the virus. For instance, Sengenics, a functional proteomics firm, has unveiled ImmuSAFE COVID+, which it claims to be the first multi-antigen, high-throughput Covid-19 biochip test in the world. ImmuSAFE is a lab-based biochip test, which leverages the company’s patented KREX protein folding technique to accurately fold viral antigens and maintain all conformational and linear antibody binding sites. Thus, with such advancements during the Covid-19 pandemic has accelerated the global biochips market.
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Global Biochips Market Report Highlights
- In terms of type in the global biochips market, protein-based biochips are becoming quite popular. Protein substrates can be arrayed on this biochip and then used for diagnostic or drug discovery experiments. The ability to apply protein and peptides on a wide range of chip substrates is currently an area of intense research. Moreover, the development in the field of proteins biochips involves the use of powerful detection methodologies such as surface plasmon resonance.
- Many different biochip technologies are now being developed and commercialized. Sensing research continues to make many strides that make it possible to create new platforms for novel applications. One business opportunity is the diagnosis of cancer via DNA testing. Currently, many industries want to be able to screen for a number of chemical and biological agents at the same time. As sensing mediators on biochips, DNA, RNA, proteins, and even living cells are being used to accomplish these goals. Thus, by incorporating advanced technologies into the biochips has led to an immense growth of the global biochips market.
- Hospitals and specialty clinics are widely adopting biochips. Biochips are able to recognise the first indications of a condition so that the computer can treat it, or they will send the information to the general practitioner (GP) or hospital for guidance on therapy. Thus, by eliminating the bulk of minor visits to the doctor’s office, it is hoped that such a biochip will eventually significantly reduce workloads and give doctors more time to focus on important problems. Moreover, the advancements in the biochips have enabled the doctors to treat their patients remotely which has led to a huge demand for biochips globally.
- Asia Pacific is anticipated to be the fastest growing region in the biochips market in the upcoming years. In countries like India, China and Japan biochips are being employed more frequently in the field of biomedical and biotechnological research. The use of proteomics biochips, such as microarrays, has increased as medical technology has advanced in the last few years. Moreover, the numerous scientific uses for biochips in the fields of genomics, genotyping, and proteomics, as well as uses spanning from the identification of disease markers to accelerated medication development. The expansion of the biochips market is anticipated to be fueled by factors such as the rise in clinical R&D spending and the significant funding devoted to genomic and proteomic research.
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List of Key Players of Global Biochips Market are Mentioned Below:
- Agilent Technologies, Inc.
- Bio-Rad Laboratories, Inc.
- Illumina, Inc
- Merck KGaA
- Micronit B.V.
- PerkinElmer Inc
- Randox Laboratories Ltd.
- Rossetta Genomics LTD.
- Other Industry Participants.
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Global Biochips Market Segmentation
Absolute Markets Insights has segmented the global biochips market on the type, fabrication, application, end user, and region:
Global Biochips Market Type Outlook (Revenue, USD Million, 2015–2030)
- DNA microarray
- Lab on chip / Microfluid chip
- Protein microarray
Global Biochips Market Fabrication Outlook (Revenue, USD Million, 2015–2030)
Global Biochips Market Application Outlook (Revenue, USD Million, 2015–2030)
- Drug Discovery and development
- Disease Diagnostics
Global Biochips Market End-user Outlook (Revenue, USD Million, 2015–2030)
- Hospitals and Clinics
- Specialty Clinics
- Biotech and Pharma Companies
- Academic and Research Centers
Global Biochips Market Regional Outlook (Revenue, USD Million, 2015–2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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