Thailand Biochip Market Size & Outlook, 2023-2030
Thailand biochip market, 2018-2030 (US$M)
Related Markets
Thailand biochip market highlights
- The Thailand biochip market generated a revenue of USD 80.3 million in 2023 and is expected to reach USD 189.9 million by 2030.
- The Thailand market is expected to grow at a CAGR of 13.1% 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 80.3 million |
| Market revenue in 2030 | USD 189.9 million |
| Growth rate | 13.1% (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, Thailand accounted for 0.7% 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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Thailand 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 38.23% in 2023. Horizon Databook has segmented the Thailand 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.
Thailand has a rapidly aging population. As per the Economic Research Institute for ASEAN and East Asia (ERIA) in 2021, the country’s population is rapidly aging. According to the same report, Thailand has the world's third-fastest aging population.
The number of people aged 60 and above in the country accounts for 13 million, i.e., 20% of the population. As aging is a risk factor for cancer, cardiovascular diseases, diabetes, and others, it is contributing significantly to the country's disease burden.
Moreover, the country’s market is significantly driven by rising investments by leading biopharmaceutical companies in the country, the growing biotechnology sector, and supportive government legislation.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand biochip market, including forecasts for subscribers. This country databook contains high-level insights into Thailand biochip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand biochips market size, by type, 2018-2030 (US$M)
Thailand Biochip Market Share, 2023 & 2030 (US$M)
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