Biochips Market to Grow Steadily with 14.52% CAGR, Projected to Cross USD 35.00 Billion by 2032 | Report by S&S Insider [Yahoo! Finance]
Thermo Fisher Scientific Inc (TMO)
Last thermo fisher scientific inc earnings: 4/22 06:00 am
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Source: Yahoo! Finance
Austin, Nov. 18, 2024 (GLOBE NEWSWIRE) -- The S&S Insider report indicates that, “ The Biochips Market was esteemed at USD 10.35 billion in 2023 and is predicted to reach USD 35.00 billion by 2032, growing at a CAGR of 14.52% over the estimated period from 2024 to 2032. ” Overview of the Biochips Market The biochips market is experiencing rapid growth due to the increasing demand for personalized medicine, genetic testing, and advanced diagnostics. Biochips, including DNA chips, microarrays, and lab-on-a-chip (LOC) devices, play a pivotal role in drug development, genetic research, and disease detection. The rising prevalence of chronic diseases and genetic disorders, coupled with the growing demand for cost-effective and portable diagnostic solutions, is driving the market's expansion. Microarray technology, which enables high-throughput analysis of genetic data, dominates the biochips market, particularly in cancer research, pharmacogenomics, and genetic screening. DNA chips,
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TMO
Earnings
- 10/23/24 - Beat
TMO
Sec Filings
- 11/12/24 - Form 4
- 11/8/24 - Form 144
- 11/8/24 - Form 4
- TMO's page on the SEC website