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Biotechnology

Global Biochip Markets: Microarrays and Lab-on-a-Chip

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REPORT HIGHLIGHTS

  • The global value of the overall biochips market, by end use was $3.5 billion in the year 2010. The size of the biochips market will increase from $3.9 billion in 2011 to nearly $9.6 billion by 2016, a compound annual growth rate (CAGR) of 19.5%. 
  • Tools markets for biochips will experience slowing growth due to maturation of some market segments-including gene expression analysis and single nucleotide polymorphism (SNP) genotyping. This market will grow at a CAGR of 8.4% from 2011 to 2016 and will reach to $2.7 billion.
  • The diagnostics market segment is set for high growth. This market was around $1.05 billion in 2010 and is expected to reach $2 billion by 2011. The diagnostics market is forecasted to grow at a CAGR of 28.2% and to reach $4.1 billion by 2016.

SUMMARY FIGURE
GLOBAL VALUE OF BIOCHIP PRODUCTS BY END USE, 2010-2016
($ MILLIONS)
Source: BCC Research