Brazil Biochip Market Size & Outlook, 2023-2030
Brazil biochip market, 2018-2030 (US$M)
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Brazil biochip market highlights
- The Brazil biochip market generated a revenue of USD 352.5 million in 2023 and is expected to reach USD 764.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 11.7% from 2024 to 2030.
- In terms of segment, dna chips was the largest revenue generating type in 2023.
- Lab-on-chip is the most lucrative type segment registering the fastest growth during the forecast period.
Biochip market data book summary
| Market revenue in 2023 | USD 352.5 million |
| Market revenue in 2030 | USD 764.7 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Dna chips |
| Fastest growing segment | Lab-on-chip |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tissue Arrays, Cell Arrays, DNA Chips, Lab-on-chip, Protein Chips |
| Key market players worldwide | Agilent Technologies Inc, PerkinElmer, Illumina Inc, Bio-Rad Laboratories Inc, Standard BioTools Inc, GE HealthCare Technologies Inc Common Stock, Thermo Fisher Scientific Inc, Qiagen NV, Randox |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.1% of the global biochip market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil biochip market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 764.7 million by 2030.
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Biochip Market Scope
Biochip Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil biochip market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biochip market will help companies and investors design strategic landscapes.
Dna chips was the largest segment with a revenue share of 37.08% in 2023. Horizon Databook has segmented the Brazil biochip market based on tissue arrays, cell arrays, dna chips, lab-on-chip, protein chips covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of a large number of research institutes and laboratories that conduct genomic and cell related research is expected to drive the country’s market during the forecast period. Moreover, the high disease burden and supportive government legislation for research activities are contributing to regional market growth.
Moreover, various strategic initiatives undertaken by market players to strengthen precision medicine capabilities in the region are expected to support market growth. For instance, in May 2023, BGI Genomics collaborated with its partners in Latin America to strengthen its precision medicine capabilities in the region.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil biochip market, including forecasts for subscribers. This country databook contains high-level insights into Brazil biochip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil biochips market size, by type, 2018-2030 (US$M)
Brazil Biochip Market Share, 2023 & 2030 (US$M)
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