Europe Biochips Market Research Report - Segmented By Type, End User & By Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe) – Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2024 to 2029)

Updated On: June, 2024
ID: 1552
Pages: 133

Europe Biochips Market Size (2023 to 2028)

The size of the Europe Biochips Market was worth USD 3.49 billion in 2023 and predicted to expand at a CAGR of 21.94% from 2023 to 2028. This value is forecasted to grow USD 9.40 billion by 2028.

Europe is positioned second in leading the dominant shares of the global biochips market in 2019. The rising demand for personalized medicine is significant, propelling the growth of the market. Key player’s presence in this region, which is innovating the technology of drug development with the help of biochips, is another crucial factor favoring the market growth. The governments in different countries in Europe are funding the development of biochips technology. The European Union is also promoting biochips in research like the NABIS (Nanobiotechnology with self-organizing structures), a European Union-funded project. The biochips are also used to trace biological warfare and also used in forensic. 

The availability of alternate methods in this region is restricting the market growth to some extent. In addition, the cost of biochips is high, and the standardization of biochips is further hindering the growth of the biochips market. 

This research report on the European biochips market has been segmented and sub-segmented into the following categories.

  • DNA Chips
    • SNP Genotyping
    • Genomics
    • Agricultural Biotechnology
    • Gene Expression
    • Cancer Diagnosis & Treatment
    • Drug Discovery
    • Others
  • Lab-On-A-Chip
    • Clinical Diagnostics
    • IVD & POC
    • Drug Discovery
    • Genomics
    • Proteomics
  • Protein Chips
    • Expression Profiling
    • High-Throughput Screening
    • Proteomics
    • Diagnostics
    • Drug Discovery

By End User: 

  • Hospitals and Diagnostic Centers
  • Biotechnology and Pharmaceutical Companies
  • Academic & Research Institutes

By Country: 

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Based on the region, the European region accounted for 28% of the global market share and is forecasted to register a promising CAGR during the forecast period due to various reasons such as easy access to the latest technologies, a large patient pool, and promising government policies.

The UK biochips market had occupied the majority of the European market in 2022. The Department for Environment Food and Rural Affairs (Defra) is funding the pan viral microarray, which detects 1132 different viruses from 40 viral families in a single test using biochips. In addition, the various institutes in the country are using biochips for the study of different biomolecules.

However, the German biochips market is predicted to grow at the fastest growth rate during the forecast period. This is because Germany has a strong key player’s presence, significantly favoring the market growth. They have developed a fingernail-sized DNA chip in Germany that can analyze thousands of genes in a tiny sample.

KEY MARKET PLAYERS:

Companies playing a prominent role in the European biochips market profiled in the report are Agilent Technologies Inc., Fluidigm Corporation, PerkinElmer Inc., Bio-Rad Laboratories Inc., GE Healthcare, Cepheid Inc., Illumina Inc., and Thermo Fisher Scientific Inc.

Please wait. . . . Your request is being processed

Anil Kumar P is research manager at Market Data Forecast and responsible for Healthcare Domain.

Author

Anil Kumar P (Research Manager - Healthcare)

Anil Kumar P is the lead author of this report and the manager of the team responsible for authoring healthcare reports at Market Data Forecast. He holds a Bachelor’s degree in Pharmacy (Hons.) from BITS Pilani, one of India’s premier institutions. Over the past seven years, Anil has gained extensive experience working with multiple market research companies, where he has collaborated with a diverse range of clients—from innovative startups to Fortune 500 companies—delivering data-driven insights and strategic advice that drive business growth.

Read More

Related Reports

Access the study in MULTIPLE FORMATS
Purchase options starting from $ 1400

Didn’t find what you’re looking for?
TALK TO OUR ANALYST TEAM

Need something within your budget?
NO WORRIES! WE GOT YOU COVERED!

REACH OUT TO US

Call us on: +1 888 702 9696 (U.S Toll Free)

Write to us: [email protected]

Click for Request Sample