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World Biochips Market to Reach $3.4 billion by 2012, According to New Report by Global Industry Analysts, Inc.
Date:10/29/2008

Global biochips market is forecast to experience robust growth and is on course to reach $3.4 billion by 2012. Aging population, third party reimbursement, and a growing number of individuals suffering from common chronic diseases represent the key market drivers.

San Jose, CA (PRWEB) October 29, 2008 -- Significant dimensions of the vast parallel studies afforded by biochips have created a holistic means of viewing biological systems. In addition to the combination of various sciences, space, time and expense are all key factors in the future development of biochips. Modern day chips can contain a human genome comprising of 30,000 to 100,000 genes.

Global biochips market is forecast to register stupendous growth and reach US$3.4 billion by 2012, as stated by Global Industry Analysts, Inc. United States represents the largest market with sales estimated to exceed US$996 million in 2008. Increasing at a robust CAGR of 29% over 2000-2010 period, Europe is the fastest growing biochips market, followed by the US. Within Europe, Germany represents the single-largest market, expected to account for an estimated 37.5% share in 2008. In terms of segments, World DNA chips market dominates the biochips industry with revenues forecast to exceed US$1.44 billion by 2012.

Protein chips market represents the fastest growing segment with an astounding CAGR of over 58% for the 2000-2010 period. Protein biochip industry is expected to undergo major changes due to th
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World Biochips Market to Reach $3.4 billion by 2012, According to New Report by Global Industry Analysts, Inc.
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