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2015
IQ4I Research & Consultancy Pvt. Ltd.
www.iq4i.com
– Forecast to 2021
Copyright © 2015 IQ4I
All Rights Reserved. This document contains highly confidential
information and is the sole property of IQ4I. No part of it may be
circulated, copied, quoted, or otherwise reproduced without the
approval of IQ4I.
[TYPES (Microarrays and Lab-on-Chip (LOC)/Microfluidics),
PRODUCTS (Instruments, Reagents & Consumables, Software and
Services) APPLICATIONS (Diagnostics, Drug discovery and
development, Research, Forensic and Others), END-USERS
(Diagnostic laboratories, Pharmaceutical & Biotech companies,
CRO’s, Academic and research labs and Others), REGIONAL (North
America, Europe, Asia Pacific and Rest of the World)]
Bio-Chips (Microarrays/Lab-on-Chip) Global Market
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Bio-Chips (Microarrays/Lab-on-Chip) Global Market
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Bio-Chips (Microarrays/Lab-on-Chip) Global Market
–Forecast to 2021
1.1 REPORT DESCRIPTION
Biochips come handy as thousands of experiments are performed on a small chip with a solid
platform and acts like a mini laboratory. Usage of biochips has increased in the past decade as
its application varies from high throughput screening in drug discovery to personalized
medicine.
The global biochips market is broadly classified as micro arrays and lab on chips based on its
type. Biochips market is segmented on the basis of application as diagnostic, drug discovery
and development, research, forensic and others. Based on the products the biochips market is
further segmented into instruments, reagents and consumables, software and services.
The global biochips market is expected to grow at a CAGR of around XX% from 2015 to 2021.
Revolution in the field of genomics, proteomics as well as rapid drug discovery increased the
demand for biochips. In addition, increase in diagnosis and treatment of cancer and genetic
diseases, approval for personalized medicines and invention of novel technologies in biochips
drives the market of biochips. Standardization and quality assurance of biochips, technological
ease in handling the biochips especially in the areas of diagnosis and treatment, high cost along
with ethical and social issues hinders the market growth.
Lifestyle changes owing to increase in cancer, diabetes and hypertension patients, early
diagnosis and treatment of diseases, advancement of biochips with its wide application areas
shows that biochip market has vast opportunities in the coming years.
North America accounts for the highest market share followed by Europe. Steep rise in genetic
diagnosis, huge corporate outsourcing for drug discovery, increase in personalized medicines
and favourable government policies makes U.S. the leader of Biochips market. However, Asian
countries especially India and China’s are the fast growing regions with its growing demand for
biochips and increasing research investments.
Major players in biochips market include Affymetrix, Inc. (U.S.), Agilent Technologies (U.S.),
Bio-Rad Laboratories (U.S.), Cepheid, Inc. (U.S.), Fluidigm Corporation (U.S.), GE Healthcare
(U.K.), Hoffman-La-Roche (Switzerland), Illumina, Inc. (U.S.), PerkinElmer, Inc. (U.S.) and
Thermo Fisher Scientific, Inc. (U.S.).
IQ4I Research & Consultancy Pvt. Ltd. Page 14
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The report provides an in depth market analysis of the above mentioned segments across the
following regions:
North America
Europe
Asia-Pacific
Rest of the World (RoW)
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TABLE 1
BIOCHIPS GLOBAL MARKET REVENUE, BY REGION,
(2013-2021) ($MN)
Region 2013 2014 2015 2021 CAGR (%)
(2015-2021)
North America XX XX XX XX XX
Europe XX XX XX XX XX
Asia-Pacific XX XX XX XX XX
RoW XX XX XX XX XX
Total XX XX XX 13,129 XX
Source: American Genetic Association (AGA), Genome Wide Association (GWA), American Society of Gene Therapy
(ASGT), Nanotechnology and Integrated Microsystems Associations (NIMA), International Electrotechnical
Commission (IEC), MEMS Associations, World Health Organization (WHO), Industry expert Interviews, and IQ4I
analysis
North America commanded the largest revenue of $XX million of the global biochips market in
2014. The market is expected to grow at a CAGR of 15% from 2015 to 2021 to reach $XX
million by 2021. Asia Pacific is expected to grow at a strong CAGR of XX% during the forecast
period.
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–Forecast to 2021
TABLE 2
BIOCHIPS GLOBAL MARKET REVENUE, BY TYPE,
(2013-2021) ($MN)
Type 2013 2014 2015 2021 CAGR (%)
(2015-2021)
Microarrays XX XX XX XX 17.3
Lab-on-chips XX XX XX XX XX
Total XX XX XX XX XX
Source: American Genetic Association (AGA), Genome Wide Association (GWA), American Society of Gene Therapy
(ASGT), Nanotechnology and Integrated Microsystems Associations (NIMA), International Electrotechnical
Commission (IEC), MEMS Associations, World Health Organization (WHO), Industry expert Interviews, and IQ4I
analysis
Microarrays commanded the largest revenue of $XX million of the global biochips market in
2014. The market is expected to grow at a CAGR of XX% from 2015 to 2021 to reach $XX
million by 2021. Lab-on-chips are expected to grow at a strong CAGR of XX% during the
forecast period.
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Bio-Chips (Microarrays/Lab-on-Chip) Global Market
–Forecast to 2021
FIGURE 1
BIOCHIPS GLOBAL MARKET REVENUE, BY PRODUCTS,
(2014 V’S 2021) ($MN)
Instruments Reagent and consumables Software Services
2014
2021
Ma
rke
t si
ze (
$ M
n)
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–Forecast to 2021
TABLE 3
BIOCHIPS GLOBAL MARKET REVENUE, BY APPLICATION TYPE
(2013-2021) ($MN)
Type 2013 2014 2015 2021 CAGR (%)
(2015-2021)
Diagnostics XX XX XX XX XX
Drug discovery and development XX XX XX XX 18.2
Research XX XX XX XX XX
Forensics XX 292 XX XX XX
Others XX XX XX XX XX
Total XX XX XX XX XX
Source: American Genetic Association (AGA), Genome Wide Association (GWA), American Society of Gene Therapy
(ASGT), Nanotechnology and Integrated Microsystems Associations (NIMA), International Electrotechnical
Commission (IEC), MEMS Associations, World Health Organization (WHO), Industry expert Interviews, and IQ4I
analysis
Diagnostics commanded the largest revenue of $XX million of the global biochips application
market in 2014. The market is expected to grow at a highest CAGR of XX% from 2015 to 2021
to reach $XX million by 2021.
IQ4I Research & Consultancy Pvt. Ltd. Page 19
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TABLE 4
BIOCHIPS GLOBAL MARKET REVENUE, BY END USERS TYPE,
(2013-2021) ($MN)
Type 2013 2014 2015 2021 CAGR (%)
(2015-2021)
Pharmaceuticals & biotech companies 1,067 XX XX XX XX
CRO's XX XX XX XX XX
Academic & research laboratories XX XX XX XX 17.1
Diagnostic laboratories XX XX XX XX XX
Others XX XX XX XX XX
Total XX XX XX XX XX
Source: American Genetic Association (AGA), Genome Wide Association (GWA), American Society of Gene Therapy
(ASGT), Nanotechnology and Integrated Microsystems Associations (NIMA), International Electrotechnical
Commission (IEC), MEMS Associations, World Health Organization (WHO), Industry expert Interviews, and IQ4I
analysis
Diagnostic laboratories commanded the largest revenue of $XX million of the global biochips
end users market in 2014. The market is expected to grow at a CAGR of XX% from 2015 to
2021 to reach $XX million by 2021. Pharmaceuticals and biotech companies are expected to
grow at a strong double digit CAGR of XX% during the forecast period.
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1.2 RESEARCH SOURCES
TABLE 5
BIOCHIPS MARKET: RESEARCH SOURCES
Primary Sources Secondary Sources
Supply Side: Top-level Executives,
Marketing Managers, Sales Managers,
Regional Managers
Demand Side: Hospital Medical
Directors, Laboratory Managers,
Research Scientists, Principal Scientists,
Purchase/Procurement Managers,
Laboratory Technicians, Academic
Research
Others: Independent Consultants and
Freelancers
IQ4I Repository
Biochips Company Specific- annual
reports, SEC filings, corporate
presentations & Press releases
Associations and Groups: World Health
Organization (WHO), Genome Wide
Association (GWA), MEMS Association,
Nanotechnology and Integrated
Microsystems Associations (NIMA),
American Genetic Association (AGA),
European Medicines Agency (EMA),
International Electrotechnical
Commission (IEC) and Other Country
Associations & Groups
Paid Sources : OneSource, Hoovers,
Bloomberg
Social Networking & Databases:
LinkedIn, Melt-Water, and Zintro
IQ4I Research & Consultancy Pvt. Ltd. Page 21
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–Forecast to 2021
1.3 RESEARCH METHODOLOGY
FIGURE 2
RESEARCH METHODOLOGY: BIOCHIPS GLOBAL MARKET
• Bottom-up and Top-down approach
• Data triangulation
• Qualitative & Quantitative analysis
• Biochips market segmentation
• Market size, CAGR and market trends validation
• Market size of sub segments and market shares of major players
• Upcoming trends and technological advancements in devices
• Validation of factors influencing market and regional market shares
• Technical information of biochips types and its products
• Strategic insights, financial revenues & competitive intelligence of
key players
• Applications and end-user market of biochips
• Upcoming technologies, growth scenario of sub markets and parent
market
Market
Breakdown
Primary
Research
Secondary
Research
IQ4I Research & Consultancy Pvt. Ltd. Page 22
Bio-Chips (Microarrays/Lab-on-Chip) Global Market
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1.3.1 ASSUMPTIONS
Parameter Assumptions
Market Revenue
The global biochips market revenue is estimated to be
~14% of the global genomics and proteomics market.
The value is cross validated through bottom-up
approach as well.
Market growth
The CAGR for the forecasted period (2014-2021) is
assumed to be normalized and the effect of inflation,
recession, economic downturn, regulatory or policy
changes, or other factors are not considered.
Application Market
The applications splits were assumed based on the
contribution of microarrays, lab-on-chips and its
subtypes in respective application area. These were
cross verified with primary data as well.
Segmental & Sub segmental
market shares
The market shares are analyzed purely based on the
absolute data, in case of the data non availability for
the sub markets the parent market trend has been
assumed for the forecasted period
Market Share
Market share analysis of key players is performed in
two ways i.e., based on the primary research rankings
(Market penetration of players) and the other based
on the estimated biochips products revenues of key
players
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Bio-Chips (Microarrays/Lab-on-Chip) Global Market
–Forecast to 2021
1.4 MARKET SIZE ESTIMATION
The size of the biochips global market and its various segments and sub-segments were
estimated and validated through secondary and primary research. All the biochips market
percentage shares, splits, and breakdowns were determined using secondary sources and
verified through primary sources to get the final quantitative and qualitative data. This data is
consolidated and added with detailed inputs and analysis from IQ4I and presented in this report.
FIGURE 3
BIOCHIPS MARKET: TOP-DOWN AND BOTTOM-UP APPROACH
Global Genomics & Proteomics Market
Global Microarrays and Microfluidics market
Market share biochips products,
types, applications & end users
Market share of sub
segments in regional markets
Sub segments
market size and
CAGR
Global Biochips market
Market share of
microarrays and microfluidics
Overall
market size and CAGR
Market share of segmental
revenues such as life science, genomics, molecular
diagnostics etc.
Top players revenue Affymetrix, Inc.
(U.S.), Illumina, Inc (U.S.), Fluidigm Corporation (U.S.), Roche Holdings (Switzerland), Agilent Technologies (U.S.), Thermo Fisher Scientific
(U.S.) etc.
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Bio-Chips (Microarrays/Lab-on-Chip) Global Market
–Forecast to 2021
FIGURE 4
BIOCHIPS MARKET: FORECASTING MODEL
Historical Data
and trends of
BiochipsMarket
Evolution
Company
developmentsApplications
Download Pattern
Regulatory
Landscape
Factors Influencing
Market Growth
Market Opportunities
• Emerging Asian Pacific
markets
• Outsourcing biochip
technology
New Product Launch
Contributed for 40%.
Agreements &
collaborations
Contributed for 25.9%
Porters Five
Force AnalysisAdoption pattern Regulations
Market ShareMarket Size
Analysis
Geographical
Usage
Market Penetration
• Government initiatives
• Emerging markets such as
India, China and Japan
• Upcoming devices with
advanced technology
Market Restraints
• Lack of skilled personnel to
work on biochips
• Lack of standardization
• Stringent regulatory
framework
New Product launch
In January 2015, Agilent
Technologies announced the
launch of Genetic Sure Pre-
Screen Kit, a throughput
oligonucleotide microarray for
screening aneuploidy and
other genomic aberrations.
Market Drivers
• Growth in personalized
medicine
• Rise in cancer diagnostics
• Widening applications market
.Historical Market Data
Impact Analysis of Market
Trends
Market Size & Forecast by
Types
Market Size & Forecast by
Devices and end-users
Biochips Global Market
Size, Segmental share and
CAGR from 2015-2021
Market Trend and
Growth Forecasting
Technology
evolution
IQ4I Research & Consultancy Pvt. Ltd. Page 25
Bio-Chips (Microarrays/Lab-on-Chip) Global Market
–Forecast to 2021
1.4.1 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 5
BIOCHIPS MARKET: MARKET BREAKDOWN & DATA TRIANGULATION
Demand & Supply
side
Clinical diagnostic
labs, Research
organization s, Pharma
and Biotech
Market share of Biochips
in global genomics and
proteomics market
Top -down
Primary
Research
Bottom -up
Secondary
Research
BiochipsMarket
(~ $XX BN)
(2014)
•Financial/Annual reports
•Investor Presentations
•SEC filings
•Scientific Journals
•Organizations/
Associations & Groups
Major players
Market share
analysis:.
Agilent, Affymetrix, Ill
umina, Fluidigm, Roc
he, Thermo fisher.
IQ4I Research & Consultancy Pvt. Ltd. Page 26
Bio-Chips (Microarrays/Lab-on-Chip) Global Market
–Forecast to 2021
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