Which key factors are expected to drive the global biochips market revenue growth?

Posted by pooja on August 18th, 2022

The growth of personalized medicine has increased manifold, which is expected to accentuate the demand for electronic biochips. Consumers utilize these biochips for the purpose of medical analysis. An American company, Affymetrix, has developed the very first biochip called GeneChip (DNA microarrays). These products come with many individual DNA sensors that are utilized sensing defects. 

Global Biochip Market: Notable Developments

The global biochip market has come across some important developments in the recent years. One of such developments pertaining to the market is mentioned below:

• In August 2019, US-based Agilent Technologies Inc. acquired BioTek Instruments. The latter is a prominent distributor, manufacturer, and designer of novel instrumentation in the life sciences sector. With this acquisition, it is expected that Agilent Technologies will make an expansion of ir presence and improve its expertise in the procedure of cell analysis. This move is further expected to fortify the position of the company in the rapidly developing areas of immunotherapy and immuno-oncology.

Some of the key players in the global biochip market comprise the below-mentioned:

• Agilent Technologies
• Sigma-Aldrich Corporation
• Calipher Life Sciences Inc.
• MilliporeSigma
• Bio-Rad Laboratories Inc
• Life Technologies Corporation

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