An increasing need for the reduction of overall turnaround time as well as miniaturization of clinical and biological tests deployed for diagnosis and research have bolstered the overall demand for biochips and bio-array procedures, thus driving the global biochips market. In addition, rapid technical developments associated with aforementioned techniques as well as a wide portfolio of product on their offerings owing to new product innovations are some of the key factors anticipated to furnish the researchers with a wide range of choices to primarily suit with their specific requirements. However, since biochip systems consist of formatted probes in micro scales, especially on glass surfaces, they further require some automatic robotic tools for scanning and handling the micro scale samples. Furthermore, bioinformatics tools are in turn needed for analysis of the data. Demand for such specific techniques and tools for implementation of biochips technology is anticipated to consider biochips as a sophisticated and relatively more expensive technology.

 

The global biochips market can be segmented on the basis of type, end-user, fabrication technology and region. On the basis of type, the global biochips market can be segmented into DNA chips, lab on a chip, protein chips and other arrays. On the basis of end user, the global biochips market can be segmented into biotechnology, pharmaceutical, hospitals, diagnostic centers, research institutes, academics and others. On the basis of fabrication technology, the global biochips market can be segmented into micro arrays and micro fluidics. On the basis of region, the global biochips market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific. The significant demand of biochips in healthcare applications in Asia-Pacific is projected to be the major driving factor for the growth of global biochips market. The U.S. is anticipated to account for the largest share and lead the overall demand for biochips owing to the increasing industrial production over the last few years. The markets in other developing countries such as Brazil, Russia, Poland, Indonesia, New Zealand, Argentina and India among others are also anticipated to grow rapidly throughout the forecast period.

 

Major players operating in the global biochips market are focusing on some key market strategies such as mergers and acquisitions to keep hold in the ever competitive market. Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global market. Some of the major players in the global biochips market include Sigma Aldrich Corp., EMD Millipore, Caliper Life Sciences Inc., Agilent Technologies, and Abbott Laboratories among others.