(EMAILWIRE.COM, March 23, 2017 ) According to the report “Latin America Biochips ", published by Market Data Forecast, the market is projected to reach USD 1.61 billion by 2021, at a CAGR of 18.34% from 2016 to 2021.

For full report refer to “ http://www.marketdataforecast.com/market-reports/latin-america-biochips-market-1634/ ”

A biochip is a 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.

Usually, the surface area of a biochip is no bigger than a fingernail. Like a computer chip that can accomplish millions of mathematical tasks in one second, a biochip can implement thousands of biological responses, such as decoding genes, in the duration of a few seconds.

Free sample for the report is available at “ http://www.marketdataforecast.com/market-reports/latin-america-biochips-market-1634/request-sample ”

The growth of the Latin America Biochips Market is mainly driven by factors such as an increased application in cancer study, surge in the utilization of personalized medicine, and increased commercial uses of biochips. However, factors such as an availability of substitute technologies, low commercial suitability due to higher costs, and standardization concerns are restraining the growth of the market in this region.

Enquire more about the report at “http://www.marketdataforecast.com/market-reports/latin-america-biochips-market-1634/inquire ”

The Biochips market is segmented as follows:
1) Based onType:

• DNA Chips
• SNP Genotyping
• Genomics
• Agricultural Biotechnology
• Gene Expression
• Cancer Diagnosis & Treatment
• Drug Discovery
• Other DNA chips
• Lab-On-A-Chip
• Clinical Diagnostics
• IVD & POC
• Drug Discovery
• Genomics
• Proteomics
• Protein Chips
• Expression Profiling
• High-Throughput Screening
• Proteomics
• Diagnostics
• Drug Discovery
• Other types

2) Based on End User:

• Hospitals and Diagnostics Centers
• Biotechnology and Pharmaceutical Companies
• Academic & Research Institutes

3) Based on Fabrication Technology:

• Microfluidics
• Microarrays

The recent developments in the biochips market include the outsourcing of biochips technology, which would aid in decreasing labor cost and capital prerequisites. The major companies dominating the Biochips market in this region are Agilent Technologies Inc., Fluidigm Corporation, PerkinElmer Inc., Bio-Rad Laboratories Inc., GE Healthcare, Cepheid Inc., Illumina Inc., and Thermo Fisher Scientific Inc.

To buy the full report visit “https://www.marketdataforecast.com/cart/buy-now/latin-america-biochips-market-1634 ”

The Biochips Market study offers the following deliverables:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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