India Biochip Market Size & Outlook, 2023-2030
India biochip market, 2018-2030 (US$M)
Related Markets
India biochip market highlights
- The India biochip market generated a revenue of USD 197.1 million in 2023 and is expected to reach USD 603.1 million by 2030.
- The India market is expected to grow at a CAGR of 17.3% 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 197.1 million |
| Market revenue in 2030 | USD 603.1 million |
| Growth rate | 17.3% (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, India accounted for 1.8% 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 Asia Pacific, Japan biochip market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 603.1 million by 2030.
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Biochip Market Scope
Biochip Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 38% in 2023. Horizon Databook has segmented the India 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.
Organizations in the country are undertaking initiatives to ensure that professionals are aware of the new genomic technologies introduced in the market. For example, Genomics India works very closely on personalized diagnostics, genomics for healthcare, genomics & data analytics, genomics in breeding & agriculture, and genomics to improve society.
The expanding pool of local market entities is further expected to propel the growth of India genomics market in the coming years. Over the past few decades, India has become a hub for pharmaceutical and biotechnology and has gained global attention due to the presence of skilled & knowledgeable manpower and low capital investments.
Owing to the presence of rich resources and a large pool of existing R&D institutions in the country, India has become one of the key areas for setting up research laboratories & manufacturing units by multinational companies.
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Horizon Databook provides a detailed overview of country-level data and insights on the India biochip market, including forecasts for subscribers. This country databook contains high-level insights into India biochip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India biochips market size, by type, 2018-2030 (US$M)
India Biochip Market Share, 2023 & 2030 (US$M)
Related regional statistics
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