Protein Biochips Market Size

  • Report ID: 3257
  • Published Date: Oct 03, 2023
  • Report Format: PDF, PPT

Protein Biochips Market Size

Protein Biochips Market size is estimated to reach USD 36 Billion by the end of 2036, growing at a CAGR of 15% during the forecast period, i.e., 2023-2036. In the year 2023, the industry size of the protein biochips was around USD 8 Billion. The growth of the market can be attributed to the rising prevalence of chronic diseases, such as cancer which are increasing the demand for advanced diagnostic and therapeutic applications. As per the World Health Organization, nearly 10 million deaths in 2020 across the world were due to cancer. Protein biochips are small chips that contain proteins that can detect specific biomarkers associated with cancer.

Moreover, the advances in biochip technology, such as miniaturization and integration of sensors have enabled the development of more sensible and accurate protein biochips. There has been growing investment in research institutes that is expected to surge the need for protein biochips.

Protein Biochips Market
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Author Credits:  Radhika Pawar

  • Report ID: 3257
  • Published Date: Oct 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing prevalence of chronic diseases and the growing demand for personalized medicine are creating a strong demand for protein biochips.

The market size of protein biochips is anticipated to attain a CAGR of 15% over the forecast period, i.e., 2024-2036.

High cost of the biochips and the lack of awareness among people about the potential benefits of using protein biochips are major factors that are slowing down the growth of the protein biochips market.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

The major players in the market are Dynamic Biosensors GmbH, PerkinElmer Inc., Bio-Rad Laboratories, Inc., Illumina, Inc., ABTECH Scientific, Inc., Standard BioTools Inc., Merck KGaA, LI-COR, Inc., and others.
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