Biochip Products and Services Market - (Microarrays, Reagents, Drug Discovery, Life Science Research, IVD Tests) U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018
Albany, NY -- (SBWIRE) -- 01/27/2015 -- According to a recent research report published by Transparency Market research (TMR), the U.S. market for biochip products and services accounted for the largest share, almost 70%, of overall biochip products and services market in 2011. The U.S. biochip products and services market was worth US$2.4 billion that year. Growing at a CAGR of 10.1% during 2012 to 2018, the U.S. market for biochip products and services is expected to reach US$4.7 billion by 2018.
The research report is titled "Biochip Products and Services Market - U.S. Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018".This 65 page research report, aided with twenty three figures two tables presents an in-depth analysis of the market for biochip products and services in U.S. The biochip products and services market in United States is analyzed on the basis of the product type and application in this research report.
Based on product type, the biochip products and services market is divided into microarrays market, reagents and other consumable market, and others such as biochip instruments and software.
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Microarrays market accounted for the largest share of the overall biochip products and services market in 2011, owing to the technical advancements in the field of microarrays and heightened commercial application of biochips after the successful completion of the Human Genome Project (HGP). In microarrays market segment, the largest market share of biochip products and services market is held by DNA chips, owing to the increase in gene expression profiling in epidemiological research and drug delivery.
The laboratory and protein chip are likely to witness the maximum growth within the microarrays market segment of biochip products and services market. This is due to advancements in products and widening of capabilities in diagnostic testing and drug delivery. The market for biochip products and services, on the basis of reagents and other consumables, is considered to have the potential for highest growth. This segment of biochip products and services market is likely to grow at 10.7% CAGR during 2012 to 2018, owing to the demand for superior quality of sample preparation, labeling agents, and purification agents.
On the basis of application, the biochip products and services market for U.S. is classified into life science research market, drug delivery market, in vitro diagnostic (IVD) testing market, and other applications such as forensic medicine, disease management, and defense application market.
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The report evaluates every minute aspect of the U.S market for biochip products and services and provides detailed information about it, which assists the players and stakeholders of biochip products and services market of United States to understand the market better and make correct decisions.
About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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