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(Medical-NewsWire.com, March 28, 2018 ) Biochips is a technology which refers to the fundamental and functional small units which are capable of the simultaneous performance of biochemical tasks. There is also another type of chips known as tissue chips which are miniaturized units which can replace the total or a part of the tissue, and aid the organ in its normal function. DNA microarrays are also known as biochips and are comprised of a 2-D system of grids wherein flat substrate solids and sensors are incorporated.
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Market Underlying Factors
Clinical chemistry is the latest technological forefront of DNA microarrays and the multi-analytic simultaneous testing will bring about enhanced profiling of patients and enable clinicians to build better knowledge of the patient. The market is being driven on the basis of rapid technological advancements which are helping in launching products which seemed unrealistic before the advent of biochips. Further, the growth in the use of personalized medicine, and increasing funds and investments from governments are further aiding the growth of the market.
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Geographical Segmentation
The Europe region is geographically segmented into U.K, Germany, Spain, France, and Italy. On the global scale, Europe holds the highest market share in the global market holding more than 28 percent of the global market share, owing to larger availability of patient pool, deeper technology penetration, and supportive governmental policies. UK leads the market in the region, followed by Germany and Italy.
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The major market contributors for the Global Biochips market are Agilent Technologies Inc., Fluidigm Corporation, PerkinElmer Inc., Bio-Rad Laboratories Inc., GE Healthcare, Cepheid Inc., Illumina Inc., and Thermo Fisher Scientific Inc.
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