PUBLISHER: Orion Market Research | PRODUCT CODE: 1771319
PUBLISHER: Orion Market Research | PRODUCT CODE: 1771319
Global Biochips Market Size, Share & Trends Analysis Report, By Type (DNA Chips, Lab-on-a-Chip, Protein Chips, and Others), By Fabrication Technology (Microarrays and Microfluidics), By End-User (Hospitals and Diagnostic Centers, Academic and Research Institutes, and Biotechnology and Pharmaceutical Companies) Forecast Period (2025-2035)
Industry Overview
Biochips market was valued at $14,303 million in 2024 and is projected to reach $48,365 million by 2035, growing at a CAGR of 11.8% from 2025 to 2035. The major factors that are augmenting the growth of the market include technological innovations and the rising demand for personalized medicine. The rising drug development pipeline and emerging demand for genomics research-oriented products are also some crucial factors accelerating market growth. However, certain factors are restraining the growth of the market, which include the high cost of biochips and stringent government regulations. Additionally, the COVID-19 pandemic has further accelerated market growth.
The Ion Torrent chip by Thermo Fisher Scientific is one of the technologies based on sequencing by the technique of synthesis. The chip is an advancement in the Next-Generation Sequencing (NGS) technology that makes massively parallel sequencing cost-effective for every lab. Hence, the development of biochips to enhance the NGS application is anticipated to support the growth of the industry.
Market Dynamics
Rising Demand for Personalized Medicine
The global shift toward personalized medicine has significantly boosted the demand for biochip technologies, which are essential for analyzing individual genetic profiles and identifying disease-specific biomarkers. Biochips particularly DNA microarrays allow for high-throughput genomic analysis, helping clinicians tailor drug therapies and treatment plans based on a patient's unique genetic makeup. According to the US National Institutes of Health (NIH), over $3.5 billion has been invested in the All of Us Research Program, a landmark initiative in precision medicine that relies heavily on genomic tools like biochips to collect and analyze health data from over one million participants. In Europe, the Horizon Europe framework allocated significant funding-nearly €1 billion in health research in 2023 alone-with a strong emphasis on precision diagnostics and personalized care, much of which integrates biochip-based technologies.
Government and Organizational Support
Government agencies and health organizations around the world are helping to grow the biochips market by funding research, supporting innovation, and encouraging the use of advanced diagnostic tools. In the US, the NIH has been a key supporter of genetic research, providing over $45 billion in funding in 2024. A large part of this funding goes to projects in precision medicine and biotechnology that use technologies like biochips. One major project, the All of Us Research Program, has received more than $3.5 billion to help develop personalized healthcare using tools such as DNA microarrays and lab-on-a-chip systems. In India, the Biotechnology Industry Research Assistance Council (BIRAC)-an initiative of the Department of Biotechnology-has launched multiple grant schemes and public-private partnerships to support indigenous development of biochips for diagnostic and therapeutic applications. As of 2023, BIRAC had funded over 1,500 startups and biotech companies, with biochip-related innovations receiving increased focus in health and agricultural diagnostics.
Meanwhile, the European Union continues to invest heavily in healthcare innovation through its Horizon Europe program, with a €95.5 billion budget (2021-2027). Within this, a significant allocation has gone toward projects developing microfluidic and biosensor technologies-including biochips-to support early diagnosis, real-time health monitoring, and pandemic preparedness.
Market Segmentation
DNA Chips Hold a Prominent Share in the Type Segment
DNA microarray tool is used to assess whether the DNA from a specific individual contains a mutation in genes such as BRCA1 and BRCA2. They are mostly used in medical research to speed up the process while minimizing research time. DNA microarrays have applications in clinical diagnostic tests for certain conditions. Often, they are also utilized to determine which drugs are considered best recommended for individuals, as genes assess how their bodies handle the chemistry corresponding to those drugs.
The innovations in new DNA sequencing technologies have resulted in a shift from microarrays to DNA microarrays. However, microarray tests are regarded as less expensive compared to sequencing, and therefore, DNA microarrays may be used for very large studies and some clinical tests. Some of the major companies involved in the development of DNA chips include Thermo Fisher Scientific Inc., Perkin Elmer, Inc., Oxford Gene Technology, Illumina, Inc., Bio-Rad Laboratories Inc., and others.
End Use Industry Insights
The biotechnology & pharmaceutical companies segment dominated the biochip market and accounted for the largest revenue share of 55.90% in 2024. Biochips find diverse applications within pharmaceutical companies, driving advancements in drug discovery, development, and manufacturing. These companies utilize biochips for high-throughput screening of compound libraries, enabling rapid identification of lead candidates for further development. Biochips also aid in target identification & validation, facilitating the selection of novel therapeutic targets.
The global biochip market is analyzed based on geographical regions, such as North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia-Pacific will likely offer an opportunity for the adoption of biochips owing to the rising molecular diagnostics market expansion of pharmaceutical companies and the rising availability of contract research organizations (CROs) in the region. Moreover, improved healthcare spending and the rising number of multi-specialty hospitals can further contribute to the adoption of biochips in the region.
North America Region Dominates the Market with Major Share
North America has dominated the biochip market, with a share of 47.7% in 2024. This is attributed to several key factors, such as the increasing prevalence of chronic diseases, technological advancements, and the growing demand for personalized medicine. The region's robust healthcare infrastructure and significant investments in research & development foster innovation and adoption of biochip technologies across hospitals and diagnostic centers. Thereby propelling the demand for the biochip in the region over the forecast period.
Key players operating in the market include Bio-Rad Laboratories, Inc., Illumina Inc., Danaher Corp., Agilent Technologies, Inc., and PerkinElmer Inc. These market players adopt different marketing strategies such as mergers and acquisitions, product launches, and geographical expansion.
Recent Development