A healthcare microchip array refers to the use of advanced semiconductor technology to produce microchips with varied healthcare applications. Such an amalgamation of technology with healthcare has revolutionary consequences, as it holds the capability to transform the cost effective semiconductor technology attained through economies of scale to the healthcare frontier. The high growth of the market is accounted for by the rising prevalence of lifestyle induced diseases such as diabetes, obesity, and cardiovascular complications.
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Microchips can be used to constantly monitor the body’s condition wirelessly and cost effectively. Such a capability of the technology to personalize healthcare and detect chronic diseases at an early stage is one of the major driving factors for the market. Some of the other drivers for the market are growing personal/home healthcare industries and technological advancements in the field of semiconductor technologies and the medical devices market.
The market can be segmented on the basis of end users into research laboratories, government institutions, hospitals, and others. The healthcare microchips array market can be segmented on the basis of product types into high density microarray chips, medium density, and low density microarray chips. Electrophoresis, DNA sequencing and microfluidics are some of the technologies used in the manufacturing of a healthcare microchip. North American market is the largest in terms of revenue generation and Asia-Pacific is the fastest growing segment of the market. The large size of the North American market is due to its developed economy and enthusiastic government participation in healthcare. The economic growth in the Asia-Pacific region serves as an opportunity for the market to maintain sustainable future growth. Cost effectiveness in the medical devices market achieved through technological advancements helps the market enter the cost sensitive Asia-Pacific region and tap the growth opportunities available there.
Some of the key players in the market are Advanced Microlabs, Affymetrix, Agilent, Advanced Liquid Logic, and Akonni Biosystemsa,
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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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