The biochips market growth outlook is positive with significant growth potential for DNA microarray. At the same time, increasing use of biochips in pharmaceutical research and development activities, concerns regarding animal testing, rising use of DNA microarrays for cancer diagnosis is contributing to the growth of the biochips market.
The biochips market reached a value of nearly REDACTED in 2018 and is expected to grow at a compound annual growth rate (CAGR) of REDACTED to nearly REDACTED by 2023. Biochips are mainly usedfor clinical research and testing, drugs screening and DNA analysis.

Key Mergers and Acquisitions in the Biochips Market
Thermo Fisher Scientific Acquired Life Technologies
Danaher Acquired Cepheid
Thermo Fisher Scientific Acquired Affymetrix
PerkinElmer Acquired Euroimmun
Bio-Rad Laboratories Acquired RainDance Technologies

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North America was the largest region in the biochips market, accounting for REDACTED of the global market. It was followed by Western Europe and Asia-Pacific. Going forward, Asia-Pacific is expected to witness the fastest growth in the biochips market, estimated at grow at a CAGR of REDACTED, followed by North America which is expected to grow at a CAGR of REDACTED.

The market is challenged by restraints such as unclear regulatory guidelines, skill shortage and ethical and privacy concerns relating to biochips.

Biochips market by type

DNA microarray

protein microarray

tissue/cell

glycan microarrays

lab-on-a-chip

Report Includes:
- An overview of the global market for biochips
- Analyses of global market trends, with data from 2014 to 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Country-specific data and analysis for USA, China, Spain, Italy, France, India, Japan, Russia, Brazil, UK and Australia
- Insight into the historic and forecast data of the market
- Description of market dynamics, including drivers and restraints
- Discussion of key mergers and acquisitions in the market

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