Middle East and Africa Biochips Market expected to cross the one billion mark in 2021.

According to the report published by Market Data Forecast “Middle East and Africa Biochips Market”, the market was estimated at $0.48 billion in 2016 and is poised to grow $1.08 billion by 2021 with a CAGR of 17.80% in the forecast period.

A biochip is defined as a microchip designed or intended to function in a biological environment, especially inside a living organism. A biochip is an assembly of miniaturized test sites that are organized on a compact substrate, which allows many tests to be executed at the same time to reach higher throughput and speed. Researchers with help of biochips quickly see large number of biological analytics and are able to use them in a range of research applications within the biotechnology sector.

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The factors responsible for the growth of this market are increase in research and development, increase in commercial use f biochips, recent technological advancements and demand of fast and accurate diagnosis processes. Government providing funding for research has also influenced the market growth.
For detailed understanding Biochips are differentiated on basis of type, end-user and fabrication technology. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.

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Segmentation.
• By Type.
• 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 Diagnostics Centers.
• Biotechnology and Pharmaceutical Companies.
• Academic and Research Institutes.

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The market has been geographically segmented into Middle-East and Africa. Significant markets in this region include UAE, South Africa, Israel and Nigeria.
Some of the big companies leading Biochips market in Middle-East and African region are PerkinElmer Inc., Agilent Technologies Inc., Fluidigm Corporation,., Bio-Rad Laboratories Inc., GE Healthcare, Cepheid Inc., Illumina Inc., and Thermo Fisher Scientific Inc.

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Scope of the Middle-East and Africa Biochips Market:

• Regional and country-level analysis that provides an innate perspective of Middle-East and African regional Markets.
• To detect major focus areas of industrial growth Segment-level analysis on basis of type, products, application and end-user along with market size forecasts and y-o-y estimations are provided
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
• An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
• Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.

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Market Data Forecast is a firm working in the areas of market research and business intelligence. We have rich experience in research across major industry segments like Healthcare, Agriculture, Food & Beverages etc. and we cater to the needs of both individual and corporate clients. Our research services contribute to key business areas like business process improvement, key decision making and developing appropriate corporate strategy. We are truly committed to our clients and other stakeholders for providing customized research services of the highest quality all the while being an organization that’s trusted for its integrity, respected for its accountability, and admired for its excellence, by both clients and competitors alike.

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