(PharmaNewsWire.Com, May 19, 2017 ) Middle East and Africa Biochips Market" research report, published by Market Data Forecast estimates that the market is growing with a CAGR of 17.8% to reach USD 1.08 billion by 2021, from USD 0.48 billion in 2016. The tiny biological microarray chips, commonly known as biochips, have produced a make over effect on the global healthcare industry. Biochip products consist of microarrays arranged on a solid substrate of biochemical particles, which are assembled on a silicon or glass plate and permits tests to be performed at the same time in order to achieve higher throughput and speed.
A biochip is a assembly of miniaturized test sites that are organized on a compact substrate, which allows many tests to be executed at the same time to reach higher throughput and speed. Usually, the surface area of a biochip is no bigger than a fingernail. Like a computer chip that can accomplish millions of mathematical tasks in one second, a biochip can implement thousands of biological responses, such as decoding genes, in the duration of a few seconds.
Key factors which affects and thereby shift the market dynamics are studied intrinsically and are presented in an illustrious way in the report. Some of those factors are Increased application in cancer study, Surge in the utilization of personalized medicine Increased commercial uses of biochips An availability of substitute technologies, Low commercial suitability due to higher costs, and standardization concerns
For granular level understanding the Middle East and Africa Biochips Market is segmented based on type, end user and Fabrication Technology, each being provided with Market Size Estimations and Y-o-Y Forecasts. By Type: Introduction DNA Chips SNP Genotyping Genomics Agricultural Biotechnology Gene Expression Cancer Diagnosis & Treatment Drug Discovery Others Lab-On-A-Chip Clinical Diagnostics IVD & POC Drug Discovery Genomics Proteomics Protein Chips Expression Profiling High-Throughput Screening Proteomics Diagnostics Drug Discovery Other types Y-o-Y Growth Analysis, By Type Market Attractiveness Analysis, By Type Market Share Analysis, By Type
By 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
By 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
The market has been geographically segmented into Middle East and Africa. Significant markets in this region include UAE, South Africa, Israel and Nigeria. However, one of the major restraining factor for the market in this region is the erratic medical regulatory environment in comparison to developed countries.
The major companies dominating the Biochips market in this region are Agilent Technologies Inc., Fluidigm Corporation, PerkinElmer Inc., Bio-Rad Laboratories Inc., GE Healthcare, Cepheid Inc., Illumina Inc., and Thermo Fisher Scientific Inc. The recent developments in the global biochips market include the outsourcing of biochips technology, which would aid in decreasing labor cost and capital prerequisites.
The Middle East and Africa Biochips Market report offers wide-range of scope: Regional level analysis that provides an individual perspective of Middle-East and Africa region individually and on a whole Know more about key areas of industry growth via detailed Segment-level analysis on basis of type, end user and Fabrication Technology, along with market size forecasts and y-o-y estimations Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics Strategic Analyses containing PESTLE and Porters Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options.
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