Significant dimensions of the vast parallel studies afforded by biochips have
created a holistic means of viewing biological systems. In addition to the combination
of various sciences, space, time and expense are all key factors in the future
development of biochips. Modern day chips can contain a human genome comprising
of 30,000 to 100,000 genes.
Global biochips market is forecast to register stupendous growth and reach
US$3.4 billion by 2012, as stated by Global Industry Analysts, Inc. United States
represents the largest market with sales estimated to exceed US$996 million
in 2008. Increasing at a robust CAGR of 29% over 2000-2010 period, Europe is
the fastest growing biochips market, followed by the US. Within Europe, Germany
represents the single-largest market, expected to account for an estimated 37.5%
share in 2008. In terms of segments, World DNA chips market dominates the biochips
industry with revenues forecast to exceed US$1.44 billion by 2012.
Protein chips market represents the fastest growing segment with an astounding
CAGR of over 58% for the 2000-2010 period. Protein biochip industry is expected
to undergo major changes due to the regard for protein biomarkers, and the tailback
in lead optimization and target corroboration.
The biochip industry is in the early stages of growth and hence, not only promises
potential but also is susceptible to vagaries of market forces. Competition,
patent disputes, knowledge constraints (in terms of skilled employees, technical
know-how) and financial strength might be a few impediments for firms engaged
in this industry. A promising market arises from three factors - an aging population,
third party reimbursement and a growing number of individuals suffering from
common chronic diseases. Gene expression profiling will continue to be the leading
application of biochips. Biochips would certainly evolve in terms of physical
and technical characteristics. Following the focus on miniaturization of assays,
they would turn smaller and more powerful with each generation.
The biochip industry is characterized by both intense rivalry and an equally
well-developed web of alliances. There are numerous smaller companies and hence
it is no surprise that the bigger companies are able to buy their way into the
market. Companies currently compete within narrow confines of genomic demand
and technological prowess. Leading players operating in the biochips market
include Affymetrix, Applied Biosystems Group, Biomerieux, Bio-Rad Laboratories,
Inc., Caliper Life Sciences, Inc., Cepheid Inc., GE Healthcare Ltd., Takara
Bio, Inc., and Zyomyx.
The report titled "Biochips: A Global Strategic Business Report"
published by Global Industry Analysts, Inc., captures latest market trends,
issues and technology advancements of the US, Canada, Japan, Europe (France,
Germany, United Kingdom, and Rest of Europe), and Rest of World. The report
further provides a brief insight into the competitive scenario, product and
technology trends, new product innovations and developments and recent strategic
For more details about this research report, please visit http://www.strategyr.com/Biochips_Market_Report.asp