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(Medical-NewsWire.com, April 20, 2018 ) The Europe Biochips Market was worth $1.93 billion in 2016 and estimated to be growing at a CAGR of 21.94%, to reach $5.21 billion by 2021. The medicinal importance of miniaturized biological microarray chips, generally known as biochips, has produced a transforming effect on the global healthcare industry. The extensive variety of biochip applications and products have propelled the growth of the market at an extraordinary level.
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Biochip products consist of microarrays of biochemical particles, which are assembled on a silicon or glass plate. These devices have functions in gene sequencing, proteomics, genomics, clinical diagnosis, and drug discovery.
The growth of the Biochips market is mainly due to factors such as rise in the utilization of personalized medicine, demand for high speed diagnostics and increasing government funding. In addition, growing healthcare awareness is also boosting the growth of the biochips market. However, inadequate technical awareness related to biochips, low acceptance due to high cost and accessibility to alternate technologies are some of the major factors limiting the growth of the market in this region.
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The Europe Biochips market is segmented based on Type, End User, and Fabrication Technology. The market for Biochips, on the basis of Type is segmented into DNA Chips, Lab-On-A-Chip, and Protein Chips. DNA Chips are further segmented into SNP Genotyping, Genomics, Agricultural Biotechnology, Gene Expression, Cancer Diagnosis & Treatment, Drug Discovery, and Others. Lab-On-A-Chips are further segmented into Clinical Diagnostics, IVD & POC, Drug Discovery, Genomics, and Proteomics. Protein Chips are further segmented into Expression Profiling, High-Throughput Screening, Proteomics, Diagnostics, and Drug Discovery. On the basis of type, DNA Chips are the largest segment, followed by lab-on-chips and protein biochips market, due to development in the proteomics and genomics field. However, enhancement in the field of recombinant proteins would assist the growth of protein biochips market. On the basis of End User, the Biochips market is segmented into Hospitals and Diagnostics Centers, Biotechnology and Pharmaceutical Companies, Academic & Research Institutes. The Hospitals and Diagnostics Center segment dominates the market, as it is primarily driven by various factors such as increasing government funding and technological advancements.
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. Europe is the second largest market with a global share of 28% and is projected to grow at one of the highest CAGRs during the forecast period due to various reasons such as easy access to latest technologies, a large patient pool, and promising government policies.
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Market Segmentation
Type
Introduction
• DNA Chips
1. SNP Genotyping
2. Genomics
3. Agricultural Biotechnology
4. Gene Expression
5. Cancer Diagnosis & Treatment
6. Drug Discovery
7. Others
• Lab-On-A-Chip
1. Clinical Diagnostics
2. IVD & POC
3. Drug Discovery
4. Genomics
5. Proteomics
• Protein Chips
i. Expression Profiling
ii. High-Throughput Screening
iii. Proteomics
iv. Diagnostics
v. Drug Discovery
vi. Other types
vii. Y-o-Y Growth Analysis, By Type
viii. Market Attractiveness Analysis, By Type
ix. Market Share Analysis, By Type
End User
Introduction
Hospitals and Diagnostics Centers
Biotechnology and Pharmaceutical Companies
Academic & Research Institutes
Y-o-Y Growth Analysis, By End User
Market Attractiveness Analysis, By End User
Market Share Analysis, By End User
Fabrication Technology
Introduction
Microfluidics
Microarrays
Y-o-Y Growth Analysis, By Fabrication Technology
Market Attractiveness Analysis, By Fabrication Technology
Market Share Analysis, By Fabrication Technology
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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Market Data Forecast.
Abhishek Shukla
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abhishek@marketdataforecast.com
Source: EmailWire.Com 
Source: EmailWire.com
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