World Biochip Products and Services Market

Date: 2016-08

A biochip is a collection of microarrays arranged on a solid substrate that can be used to perform various tests simultaneously. This helps in higher throughput and speed of tests. This biochip has the capability to perform huge mathematical calculations concerning to decoding of genes and biological reactions within a second or so. Global biotechnology market was expected to grow at an annual growth rate of 12.6% during 2008-2013 reaching 262 billion in 2013. Recent advancement and growth in the biotechnology industry and ongoing research in this field is one of the key factors driving the biochip market.

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