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.