Global Biochip Markets: Microarrays and Lab-on-a-Chip
The global market for biochip products reached nearly $3.9 billion in 2014. This market is projected to grow from $4.7 billion in 2015 to $18.4 billion in 2020, representing a compound annual growth rate (CAGR) of 31.6% between 2015 and 2020.
The clinical industry of this market will grow from $2.3 billion in 2015 to $14.7 billion in 2020 at a CAGR of 44.5%.
Drug discovery and development industry of this market will grow from nearly $1.3 billion in 2015 to $2.1 billion in 2020 at a CAGR of 11.2%.
