Global Biochips Market to Grow at a CAGR of 17.02% by 2020 - Key Vendors are Affymetrix, Cellix & Illumina

Dublin, May 09, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Biochips Market 2016-2020" report to their offering.

The global biochips market is forecast to grow at a CAGR of 17.02% during the period 2016-2020.

Some of the advantages of using bio-microsystems are integrated intelligence, parallelism, low cost, redundancy, and speed. A biochip is an example of a bio-microsystem; it is a collection of microarrays organized on a solid substrate, allowing thousands of complex biochemical reactions, including decoding genes, in less time.

Among the various trends, the emergence of microarray technology is something to watch for. The emergence of microarray technology equips genetic researchers with highly specialized techniques to carry out improved clinical research in the field of molecular biology. In line with this, many researchers have developed nanoarrays to efficiently print thousands of binding sites on a single conventional microarray spot. Also, innovative and specialized methods to express and purify proteins help companies build recombinant protein libraries.

According to the report, a key driver which is expected to drive market growth is the adoption of biochip technology in drug discovery. The emergence of biochip technology adds a new dimension to drug discovery. Biochip, integrated with improved bioinformatics techniques and enhanced throughput screening, helps in better target identification and validation. It can produce more information on small surfaces of quartz wafers. Academic research units, industrial research bases, and pharma and biotech companies are the major end-users of this technology.

Further, the report states that challenges with standardization, reliability, accuracy, and precision issues many hinder the development of the market.

Key vendors:

• Affymetrix
• Agilent Technologies
• Cellix
• Illumina
• PerkinElmer

Key questions answered in this report:

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Market segmentation by application

PART 08: Geographical segmentation

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/tcg6sk/global_biochips

                    
                    
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