Technavio Expects the Global Biochips Market to Exceed USD 13 Billion by 2020

LONDON–(BUSINESS WIRE)–According to the latest market study released by Technavio,
the global
biochips market is expected to exceed USD 13 billion growing at
a CAGR of more than 17% during the forecast period.
This research report titled ‘Global
Biochips Market 2016-2020’ provides an in-depth analysis of the
market in terms of revenue and emerging market trends. This market
research report also includes an up to date analysis and forecasts for
various market segments and all geographical regions.
Request sample report: https://goo.gl/X3oDSU
The report categorizes the global biochips market into five major
product segments. They are:

• DNA microarray
• LOC
• Protein microarray
• Tissue microarray
• Other microarray

DNA microarray
According to Chandrakumar Badala Jaganathan, a lead analyst at Technavio
for embedded
systems research, “DNA microarray is an innovative technology in
medical diagnostics for the detection of genome abnormalities in many
therapeutics areas such as cancer, infectious diseases, and cardiac
disorders.”
It collects microscopic DNA spots that are attached to a solid surface
for analysis. DNA microarrays are created by robotic machines that
organize small amounts of hundreds of biomaterials on a single
microscope slide. These are of different types: cDNA microarrays,
bacterial artificial chromosome microarrays, oligonucleotide
microarrays, and single nucleotide polymorphism (SNP) microarrays.
The DNA microarray technology helps in the simultaneous quantification
of the expression of a large number of genes and genotyping. It has a
wide range of applications in research, including gene expression
profiling, comparative genomic hybridization (CGH), SNP detection,
alternative splicing detection, SNP analysis, and medical research.
LOC
Lab-on-a-chip (LOC) integrates multiple laboratory functions on a
single, small-sized chip. LOC devices have a broad range of applications
in several sectors, including biotechnology and pharmaceuticals. They
can perform extensive laboratory operations on a small scale.
Also, lengthy and expensive laboratory processes can be conducted
efficiently within a short duration with the help of LOC devices. They
require little volume of samples and provide greater control over
molecular concentrations and interactions.
Protein microarray
The devices of the protein microarray segment are used for studying
interactions and activities of several proteins simultaneously. Protein
microarray chips consist of a glass slide, bead, or microtiter plate,
and a nitrocellulose membrane. Protein microarray is a rapid, automated,
and highly sensitive technology that provides high accuracy in research
and diagnostics.
There are two main classes of protein microarrays: analytical protein
microarrays and functional protein microarrays. Analytical protein
microarrays are antibody microarrays that are used for multiplexed
detection. Functional protein microarrays are widely used by researchers
to study protein interaction and biochemical activity and assess immune
responses.
Tissue microarray
The devices of the tissue microarray segment are used for analyzing
hundreds of tumor samples on a single slide and allow high-throughput
analysis of proteins and genes. Tissue microarray is developed by
organizing small pieces of formalin-fixed tissue into an array in a
single paraffin block.
“Tissue microarray has numerous applications in research such as
molecular profiling of tissue specimens, gene copy number determination,
and hormone therapy investigation. Tissue microarrays are created from
high-quality tissue samples that can be used for diagnosis,” says
Chandrakumar.
Other microarray
This segment comprises other microarray technologies such as RNA
microarrays, cellular microarrays, and chemical compound microarrays.
The RNA microarray technology is used for RNA analysis such as the
detection of multiplexed SNP, the study of gene expression, and the
determination of targets in drug discovery.
Cellular microarray allows for the multiplex analysis (interogation) of
cells on a small chip. The cellular microarray chip is spotted with
different materials, such as proteins, antibodies, or lipids that
interact with the cells.
The chemical compound microarray technology involves the collection of
chemical compounds dotted on a solid surface such as glass and plastic.
It is regularly used in proteomics research and drug discovery and
development.
The top vendors highlighted by Technavio’s hardware
and semiconductor research analysts are:

• Affymetrix
• Agilent Technologies
• Cellix
• Illumina
• PerkinElmer

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Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
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and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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