The objective of this Market report is to define, describe, and forecast the market on the basis of type, applications, end user, and region. It provides detailed information regarding the major factors influencing the growth of market. Drivers, restraints, opportunities, challenges, and trends in the market have also been taken into consideration while preparing this Biochips Market research report. This report also tracks and analyzes competitive developments of the key players in market in terms of market developments, product portfolios, and key financials.
[170 Pages Report] The Biochips market is estimated to grow at a CAGR of 18.4% from 2015 to 2020 to reach USD 17.75 Billion by 2020.
By technology the microfluidics segment is expected to be the faster growing in the biochips market during the forecast period.
The microfluidics segment is projected to grow at the highest CAGR between 2015 and 2020. The growing demand for POC diagnostic devices such as glucose monitoring and pregnancy test kits is driving the market growth in the microfluidics segment
Biochips Market by Region
By end user, the hospitals & diagnostic centers segment is growing at the highest rate.
The hospitals & diagnostic centers segment is projected to grow at the highest rate in the market, by end user. The increasing use of biochips in hospitals and diagnostic centers due to their advantages such as reduction of time and cost, ability to deliver high throughput without the need for heavy and bulky instruments is driving the market growth in this end-user segment
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