Product Type Insights DNA chips accounted for the largest share of revenue owing to the presence of a considerable number of applications. Cancer treatment/diagnostics has been observed to have major share for the usage of biochips. Other segments contributing for the applications of biochips include genotyping, agricultural biotechnology, genomic studies, single nucleotide polymorphism and gene expression. Biochip technology has the ability for miniaturizing chemical & biological assays and molecular biology which provides a ground for in-depth R&D of molecular biology at a minute level. Furthermore, the ability of miniaturization is expected to improve even more and enhance the efficiency in terms of inputs and cost requirements. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/biochip-market-size End-use Insights Lab-on-a-chip, cell and tissue array, protein chips and DNA chips find applications in biotechnology & pharmaceutical companies, research & academic institutes, hospitals & diagnostics and point of care settings which involves end users. Protein biochips and LOACs have found widespread use for single nucleotide polymorphism genotyping, gene expression, in vitro diagnosis, expression profiling, drug discovery, high throughput screening and tissue arrays. The commercialization of the products in the development pipelines of key market participants is also key towards the potential to drive the growth for the market. Sophisticated robotic tools are needed for scanning and handling samples which are in microscale. Furthermore, for efficient data analysis efficient bioinformatics system is required. Therefore, this will increase the need for specific techniques and system which is expected to increase the demand for biochips used in sophisticated machines. This will consequently increase the price of the biochips and widen the offered product range in the market. Regional Insights North-America accounted for the largest revenue share owing to the presence of government policies motivating personalized care for the patients and availability of proteomics and genetic profiling infrastructure across the country, especially in the U.S. There has also been a rise in the usage of NGS (Next Generation Sequencing) for molecular treatment and clinical diagnosis coupled with microfluidic techniques that add to the large market share.
The Asia Pacific region is expected to grow at the fastest rate during the forecasted period. Reasons contributing towards the fastest growth in the market are – increase spending by the government in order to improve healthcare and R&D infrastructure in the areas of proteomics, genomics and NGS (next generation sequencing). There has also been growing awareness in the growth market for early and effective diagnosis which will further increase the growth in the market. Competitive Insights Key players in the development & commercialization of biochips include PerkinElmer, Inc.; Abbott Laboratories; Bio-Rad Laboratories, Inc.; Fluidigm Corporation; Sigma-Aldrich Corporation; Agilent Technologies, Inc.; Thermo Fisher Scientific, Inc. and GE Healthcare. In order to establish themselves in the untapped market, companies are following various strategies including mergers & acquisitions, collaboration, vertical and horizontal integration in regions/countries where they can see potential growth. For example, PerkinElmer has successfully taken over Vanadis diagnostics which undergoes cell free DNA-based noninvasive prenatal testing (NIPT) on the digital platform. This has extended PerkinElmer’s portfolio. Similar strategies by other companies is expected to influence the market positively which will also bring competitiveness in the market. See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/biotechnology
On the basis of product, industrial lubricants market has been segmented into process oils, general oils, metalworking fluids, engine oils and others. Process oils is estimated to hold more than 20% share in the industrial lubricants market in 2017.
MarketDataForecast.com - According to the Latest market research report, “Global Veterinary Vaccines Market” the total market is expected to reach $7197.82 million by 2021 at an estimated CAGR of 5.5% from 2016 to 2021.
A biochip is a collection of miniaturized micro array chips that are arranged on a solid substrate. Basically, a microchip is capable of performing huge and ample calculations in one second. For instance, a biochip can perform genes decoding function in a few seconds. Biochips may or may not be electronic and are used as an individual sensor to perform analysis for a specific area. Biochips are majorly used for analyzing gel-based DNA array, plate-based DNA array, and micro fluid biochips. This is expected to drive demand for biochips in near future.
Offshore Wind Turbines and Foundations Market Research Report, Trends, Size, Demand, Analysis, Forecast | Big Market Research
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Offshore Wind Turbines and Foundations - Global Market Size, Market Share, Regulations and Key Country Analysis to 2020 provides detailed information on the current Offshore Wind Turbine and Foundations market, focusing on key countries as well as the global scenario.
The global digital inks market was worth $1,147.4 million in 2016 and it is likely to grow at a CAGR of 5.4% during the forecast period. Growth in the packaging industry and rising demand for UV-cured inks are driving the global digital inks market.
Global cryocooler market is application driven, where some of the key application areas of cryocoolers are industries such as aerospace and defense, healthcare, semiconductor & electronics, environmental monitoring and transportation.
The solar powered vehicles market size is expected to witness a notable growth during the forecast period, majorly driven by increased emphasis by governments of various countries to promote environment-friendly vehicles.
The global filters market is growing due to increasing population and urbanization, which is consequently increasing the propensity of industrialization, as well as boosting the demand for automotive filters.
An industrial robot is an automatically controlled, multipurpose manipulative programmable and reprogrammable automatic machine applied to perform painting, welding, assembly, packaging, testing and product inspection etc. Industrial robots perform such tasks with high precision, speed and efficiency.
A tunable diode laser analyser is a sophisticated device used to identify the concentration of sample gas with high selectivity of gas components. A tunale diode laser analyser identifies the chemical composition of compounds and measure the concentration of the element without any contact. This measuring device identifies the proportion of methane, water vapour, carbon dioxide and many other gaseous mixture by irradiating the sample with light from a tunable diode laser.
The global automotive sensors market is expected to increase at a CAGR of 7.8% over the forecast period i.e. 2016-2024. The global automotive sensors market is accounted for USD 24.7 billion in 2016 and anticipated to reach USD 43.7 billion by 2024 whereas sensors market in all industries is set to harness market revenue of USD 250 billion by 2025 growing at a CAGR of 11.60% over the forecast period (2017-2025).