Future Outlook of the Biochips Market: Growth, Trends, and Emerging Opportunities Explored
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
How has the biochips market grown over the years?
The biochips market has seen rapid growth in recent years. It is set to grow from $12.62 billion in 2024 to $14.72 billion in 2025, at a CAGR of 16.6%. This growth is driven by increased demand for personalized medicine, the high prevalence of chronic diseases, technological advancements, expanded use in drug discovery, more investments in R&D, and supportive regulatory environments.
What Is the forecasted market size and growth rate for the biochips market?
The biochips market is set to grow rapidly, reaching $26.94 billion by 2029, with a CAGR of 16.3%. Growth is driven by increased use in point-of-care diagnostics, expanding drug development applications, rising demand for personalized medicine, microfluidics technology advancements, growing R&D investments, and collaborations between biotech companies and academic institutions. Trends include microfluidics technology advancements, biochip development for liquid biopsy applications, demand for multiplexed assays, AI integration for data analysis, and novel biochip platforms.
Get your biochips market report here!
https://www.thebusinessresearchcompany.com/report/biochips-global-market-report
What are the major factors driving growth in the biochips market?
The increasing use of personalized medicines is anticipated to fuel the biochips market. Personalized medicine, which tailors treatment to a patient’s genetic and lifestyle factors, is growing due to advancements in genomics and regulatory support. Biochips are critical in personalized medicine by helping to craft individualized treatment strategies. For example, the FDA approved 16 new personalized therapies for rare diseases in 2023, a significant rise from the 6 approved in 2022, driving growth in the biochips market.
What key areas define the segmentation of the global biochips Market?
The biochips market covered in this report is segmented –
1) By Type: Deoxyribonucleic Acid (DNA) Chips, Protein Chips, Lab-On-Chip, Tissue Arrays, Cell Arrays
2) By Technology: Microarrays, Microfluidics
3) By Application: Drug Discovery And Development, Agriculture, Genomics, Disease Diagnostics, Proteomics, Other Applications
4) By End-User: Biotechnology And Pharmaceutical Companies, Academic And Research Institutes, Hospitals And Diagnostic Centers, Other End-Users
Subsegments:
1) By Deoxyribonucleic Acid (Dna) Chips: Gene Expression Chips, Snp (Single Nucleotide Polymorphism) Chips, Dna Microarrays
2) By Protein Chips: Antibody Arrays, Protein Microarrays, Peptide Arrays
3) By Lab-On-Chip: Microfluidic Devices, Biosensors
4) By Tissue Arrays: Tumor Tissue Arrays, Normal Tissue Arrays
5) By Cell Arrays: Cell-Based Biochips, Cell Signaling Arrays
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15737&type=smp
What are the top market players propelling the growth of the biochips industry?
Major companies operating in the biochips market are Thermo Fisher Scientific Inc., Roche Diagnostics International Ltd., Zoetis Inc., Agilent Technologies Inc., PerkinElmer Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Tecan Group Ltd., Cepheid Inc., Randox Laboratories Ltd., Takara Bio Inc., Oxford Nanopore Technologies plc, Luminex Corporation, Fluidigm Corporation, Micronit Microtechnologies B.V., Sphere Fluidics Limited, Sengenics, Arrayit Corporation, CustomArray Inc., Partek Incorporated, NanoCellect Biomedical Inc., Dolomite Microfluidics, Biocartis NV
What are the key trends shaping the future of the biochips market?
Firms in the biochips market are focusing on next-generation technologies, such as organ-on-a-chip platforms, which aim to revolutionize drug discovery and development. These platforms are advanced microfluidic devices designed to mimic the functions of human organs at a smaller scale. For example, in April 2024, US-based Boston Micro Fabrication (BMF) introduced BMF Biotechnology Inc., specializing in biochips or organ-on-a-chip platforms. These platforms enable large-scale tissue cultivation in vitro, enhancing the speed of drug and cosmetics development by offering a testing and research platform outside the human body.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=15737
What regions are dominating the biochips market growth?
North America was the largest region in the biochips market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biochips market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Browse Through More Similar Reports By The Business Research Company:
Oral Biologics & Biosimilars Global Market Opportunities And Strategies To 2030
https://www.thebusinessresearchcompany.com/report/oral-biologics-and-biosimilars-market
Biosimilar Growth Hormones Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/biosimilar-growth-hormone-global-market-report
Biosimilar Therapeutic Peptides Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
