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MarketsandMarkets: Global Biochip (DNA Microarrays, Lab-on-Chip, Protein Microarrays, Tissue & Cell Arrays) Market to Reach $5.6 Billion by 2015
Date:8/17/2011

x (U.S.), Sigma Aldrich (U.S.), Biochain Institute, Inc. (U.S.), Origene (U.S.), Super BioChips (South Korea ), and IsuAbxis Co Ltd (Seoul, Korea).

"New product launches" and "agreements and collaborations" are the two main strategies adopted by the players to stay competitive in this market. The major applications in the market driving its growth in future include cancer diagnosis and treatment, expression profiling, and diagnostics since early detection of disease and targeted treatment options are still the unmet need of this market. There were 12.3 million new cases of cancer worldwide in 2007 and about 7.6 million deaths. These figures are estimated to rise up to 16 million new cancer diagnoses and about 10 million deaths by 2020 according to WHO & American Cancer Society.

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