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Global Biochips Market 2016-2020 - Adoption of Biochip Technology in Drug Discovery - Research and MarketsResearch and Markets has announced the addition of the "Global Biochips Market 2016-2020" report to their offering. The global biochips market is forecast to grow at a CAGR of 17.02% during the period 2016-2020. Among the various trends, the emergence of microarray technology is something to watch for. The emergence of microarray technology equips genetic researchers with highly specialized techniques to carry out improved clinical research in the field of molecular biology. In line with this, many researchers have developed nanoarrays to efficiently print thousands of binding sites on a single conventional microarray spot. Also, innovative and specialized methods to express and purify proteins help companies build recombinant protein libraries. According to the report, a key driver which is expected to drive market growth is the adoption of biochip technology in drug discovery. The emergence of biochip technology adds a new dimension to drug discovery. Biochi, integrated with improved bioinformatics techniques and enhanced throughput screening, helps in better target identification and validation. It can produce more information on small surfaces of quartz wafers. Academic research units, industrial research bases, and pharma and biotech companies are the major end-users of this technology. Further, the report states that challenges with standardization, reliability, accuracy, and precision issues many hinder the development of the market. Key Topics Covered: PART 01: Executive summary PART 02: Scope of the report PART 03: Market research methodology PART 04: Introduction PART 05: Market landscape PART 06: Market segmentation by product PART 07: Market segmentation by application PART 08: Geographical segmentation PART 09: Market drivers PART 10: Impact of drivers PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Market trends PART 14: Vendor landscape PART 15: Key vendor analysis Companies Mentioned:
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