U.S. Biochip Market Size & Outlook, 2023-2030
U.S. biochip market, 2018-2030 (US$M)
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U.S. biochip market highlights
- The U.S. biochip market generated a revenue of USD 4,990.1 million in 2023 and is expected to reach USD 11,186.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 12.2% 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 4,990.1 million |
| Market revenue in 2030 | USD 11,186.1 million |
| Growth rate | 12.2% (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, U.S. accounted for 44.3% 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 North America, U.S. biochip market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,075.8 million by 2030.
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Biochip Market Scope
Biochip Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 40.13% in 2023. Horizon Databook has segmented the U.S. 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 U.S. is one of the largest markets for personalized medicine, owing to the growing need for rapid detection of chronic diseases such as cancer. Key market players in the region, such as Affymetrix and Illumina, are also focusing on agricultural genomics, which is anticipated to drive the market in the country.
Government organizations, such as NIH, fund a set of genome sequencing and analysis centers whose research focuses on understanding the genetic basis of rare and common human diseases. The strengthening of research efforts in genomics and proteomics by government institutes and other organizations is one of the factors supporting market growth.
For instance, in August 2020 the National Institutes of Health (NIH) granted USD 10.6 million to the University of Arkansas for Medical Sciences for expanding its proteomics resource. This grant helped the company leverage its proteomics capabilities.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. biochip market, including forecasts for subscribers. This country databook contains high-level insights into U.S. biochip market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. biochips market size, by type, 2018-2030 (US$M)
U.S. Biochip Market Share, 2023 & 2030 (US$M)
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