Analytical Microchip Market to Enter Enormous Growth Phase

U.S.

Kalorama Information: The U.S. market for analytical microchip technologies in the life sciences is poised to experience explosive growth in the next five years, with some segments expected to see triple-digit annual growth through 2009. Current market potential in the industry is approximately $2 billion—the majority of which is in the DNA/gene microarray segment. However, protein microarrays and microbiology microarrays are becoming more prominent, and the market for tissue microarrays and analytical process chips are forecast to explode in the next 10 years. There is little doubt that these technologies will be enormously important and the market will expand. The real questions for the industry are ‘How fast will the market expand?’ and perhaps more important, ‘When will the expansion take place?’Five microchip segments: DNA/gene, protein, tissue, cell, and microbiology microarrays, analytical process chips. U.S. Markets in Analytical Chip Technology, 2nd Edition Publ 20050616