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US Biochips Market
US Biochips Market
- Report price : $ 4 600
- Publication date : October 2008
US Biochips Market
US demand to rise 9.9% annually though 2012
The US market for biochip products and services will increase 9.9 percent per year to $2.5 billion in 2012. Microarrays will sustain the largest portion of product demand based on their consumable nature and expanding applications in drug discovery, life science research, and clinical and forensic testing. DNA chips will continue to lead microarray sales, spurred by widening use in the identification and testing of potential new therapies and diagnostic targets. However, laboratory and protein microarrays will provide faster growth opportunities as the focus of drug discovery and life science research activities shifts from genomics to proteomics.
Reagents & consumables to be fastest growing segment
Demand for biochip reagents and related consumables will increase at a fast pace as gene expression, genotyping and protein analysis investigations become increasingly complex. Fluorescent biomarkers, which identify disease pathways, evaluate the effectiveness of potential therapies, and quantify drug toxicity, will command the strongest growth opportunities.
The market for biochip instrumentation will expand moderately as pharmaceutical and other life science laboratories upgrade equipment capabilities to accommodate advanced genomic and protein analysis. Multi-functional workstations that combine sample preparation, hybridization and detection will generate the fastest gains based on performance and convenience advantages.
Microarray analysis software will build demand as advancing technology increases the amount and complexity of data obtained from genomic and proteomic investigations. The best growth opportunities in this product group will exist in analytical programs that enable experimental data to be compared with information contained in large, publicly available databases developed by academic institutions, government agencies and trade groups.
Lastly, biochip service revenues will rise at a strong pace as rapidly changing technology expands the need of pharmaceutical and other life science researchers for functional and technical support. Changing product development strategies in the pharmaceutical, biotechnology and medical diagnostic industries, coupled with anticipated increases in the availability of government funding for agricultural, environmental and epidemiological research, will boost revenue opportunities in this segment.
Study coverage
Details on these and other findings are included in the new industry study, US Biochips Market. The study presents historical demand data (1997, 2002 and 2007) plus forecasts for 2012 and 2017 by biochip technology, product, service, application and market. The study also considers market environment factors, details industry structure, evaluates company market share and profiles leading competitors.
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