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Global Biochips market to reach US$11.4 billion by 2018 on promising growth in product demand, according to Axis Research Mind

June 28, 2013 Bookmark and Share

Global biochips market is forecasted to reach US$11.4 billion by 2018 with a CAGR of 18.6% during 2012-2018; the massive CAGR is primarily supported by Asia-Pacific followed by the European Union. Among the major industry segments, biochips instruments are expected to exert the highest support to the industry with a CAGR of 20% globally. Microarrays segment accounts for nearly 70% of the industry value while services indicate lesser than 15% of the market value. North America is expected to maintain the highest market share for the biochips industry by 2018; Asian economies are expected to post a large CAGR of 19 percent during 2012-2018. Higher growth rate favors improved industry investments in Asia-Pacific region in comparison with North America and Europe, going ahead.

For more information please follow link:
Analysis of Global Biochips Industry, 2012-2018

Estimates are based on online surveys using customized questionnaires by our research team. Besides information from government databases, company websites, press releases & published research reports are also used for estimates. Estimates have incorporated recessionary impact on the cardiac devices industry. The market growth rate in the major economies such as the U.S., Japan, China etc. are estimated individually for the upcoming years.

The report covers the market analysis by product types. please follow the link in detail - Analysis of Global Biochips Industry, 2012-2018

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About Axis Research Mind
Axis Research Mind (www.axisresearchmind.com) is a market research firm offering customer-oriented publications in verticals such as life sciences and biotechnology, healthcare and pharmaceuticals, energy and resources, food and beverage, telecomm and many more industries. Our reports cater incisive and precise analytics and are scrutinized with a passion of success in the growing marketplace. Our USBs are self-explanatory, vast database and region-wise coverage across the sectors. We attempt to explore market dynamics explicating the risk and return measures in the industry.

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