Bio Chips Market | Exactitude Consultancy Reports

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The global biochips market is expected to grow at 12.3% CAGR from 2020 to 2029. It is expected to reach above USD 31.7 billion by 2029 from USD 7.3 billion in 2020.

Biochips Market Overview
A biochip is a tiny lab that can carry out thousands of simultaneous biochemical operations. It is made up of several micro-test sites, also known as microarrays, that are organized on the surface of a solid substrate. Its purpose is to run several tests simultaneously to increase throughput and speed. In molecular laboratories, a biochip is a little medical gadget that can perform multiple biochemical processes at once. It is capable of quickly screening a variety of biological analytes for a range of uses, including the diagnosis of diseases and the identification of dangerous biological agents in a system. Millions of sensor components or biosensors make up this device. These are not electronic devices, unlike microchips. Every single biochip can be viewed as a tiny microreactor that is capable of detecting a specific analyte, such as an enzyme, protein, DNA molecule, biological molecule, or antibody. This chip’s primary purpose is to carry out hundreds of biological processes in a matter of seconds, such as gene decoding (a sequence of DNA). Biochips are used to rescue the sick and it is very small in size, powerful, and faster. Biochips are also useful in finding lost people. Biochips perform thousands of biological reactions in a few seconds. These are some advantages of the biochips market.
Segment Analysis
The global Bio Chips market is segmented based on type, fabrication technology, and end-use industry and region. Based on type, the market is bifurcated into DNA Chips, Lab-On-A-Chip, Protein Chips, and Other Arrays. Based on fabrication technology, the market is bifurcated into Microarrays, Microfluidics. Based on end-use industries, the market is bifurcated into Biotechnology and Pharmaceutical Companies, Hospitals and Diagnostics Centers, Academic & Research Institutes, and others.

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