Norway Biochip Market Size & Outlook, 2023-2030
Norway biochip market, 2018-2030 (US$M)
Related Markets
Norway biochip market highlights
- The Norway biochip market generated a revenue of USD 84.6 million in 2023 and is expected to reach USD 154.5 million by 2030.
- The Norway market is expected to grow at a CAGR of 9% 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 84.6 million |
| Market revenue in 2030 | USD 154.5 million |
| Growth rate | 9% (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, Norway accounted for 0.8% 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 Europe, Germany biochip market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,058.2 million by 2030.
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Biochip Market Scope
Biochip Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Norway 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 39.24% in 2023. Horizon Databook has segmented the Norway 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.
With the increasing prevalence of chronic diseases, the need for advanced treatment modalities has increased. Thus, key stakeholders, such as research & academic institutions, and companies are engaged in the development of advanced therapies and diagnostics for the effective management of various diseases.
Thus, the increasing demand for novel therapeutics and diagnostics is projected to drive the biochip market in the country. Moreover, the presence of research institutes and government institutions, such as the Norwegian Proteomics Society and Norwegian Proteomics Consortium, which promote proteomics-based research in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Norway biochip market, including forecasts for subscribers. This country databook contains high-level insights into Norway biochip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway biochips market size, by type, 2018-2030 (US$M)
Norway Biochip Market Share, 2023 & 2030 (US$M)
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