Houston, TX -- (SBWIRE) -- 01/26/2018 -- In this report, the biochip market is categorized by type, application field, manufacturing technology, end user and region. Depending on the type, markets are classified as DNA chips, lab-on-a-chip, protein chips and other arrays. Other array segments include cell arrays and tissue arrays. Depending on the application, the DNA chip segments can be used for gene expression, SNP genotyping, cancer diagnosis and therapy, genomics, agricultural biotechnology, drug discovery and other applications (microbial genotyping, proteomics, toxic genomics, Monitoring, environmental biology). Depending on the application, lab-on-a-chip is classified into genomics, proteomics, new drug development, IVD & POC clinical diagnosis and other applications (biosafety, food pathogen identification and environmental contamination). Similarly, the application-specific protein chip market is divided into proteomics, high-throughput screening, drug discovery and other applications (environmental diagnostics and bio-defense).

The biochip market is divided into four main categories based on end users: hospitals and diagnostic centers, biotechnology and pharmaceutical companies, academic and research institutions and other end users (blood banks, CROs, forensic labs, point-of-care) Environmental health agencies, nursing homes, and local public health laboratories). Similarly, the biochip market based on manufacturing technology is divided into microarrays and microfluids.

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North America accounted for the largest portion of the biochip market in 2016. A large proportion of this segment could be due to an increase in the elderly population. Increased prevalence of lifestyle-related diseases such as diabetes, asthma and heart disease; the adoption of biochips is increasing. Includes many ongoing research and discoveries related to biochips in North America. In addition, major regional players have become easily accessible to this market, becoming the largest and most important market for suppliers. The Asia Pacific region, on the other hand, is expected to have the highest average annual growth rate over the next five years.

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The biochip market is divided into four main categories based on end users: hospitals and diagnostic centers, biotechnology and pharmaceutical companies, academic and research institutions and other end users (blood banks, CROs, forensic labs, point-of-care) Home health institutions, nursing homes, and local public health institutes). The biochip market based on manufacturing technology is divided into microarrays and microfluidics.

With the assistance of accustomed information and the leading-edge data from the government and private segments, the research analysts plot the current status of this market and its place in the following five years. Numerical surveying reports from 2018 to 2023 were thought about to guesstimate a few key factors that overstated market development to draft a reasonable comprehension.

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With every one of the information stored and examined using SWOT analysis, there is an evident picture of the reasonable situation of the Global Biochip Market. Openings for the future market development were uncovered and outlying aggressive threats additionally showed up. The drifts and developments of this market were considered and it appears there was a remarkable strategic direction observed. By getting a handle on market foundation and using the surviving standards, approaches, and preferences of other driving markets for documentation, market data was caught on.