The Biochips Market is quickly becoming a magnet for maturing new businesses. This is due to increased drug development, greater use of tailored medications, and next-generation sequencing (NGS). The progress of microfluidic-based gadgets in biomedicine and innovation in Lab-on-a-Chip products are anticipated to fuel industry expansion. LOC devices are anticipated to provide quick findings for diagnosing infectious infections for the first time. In epidemiological investigations, the technology is commonly used.
With assistance from academic institutions and biopharma businesses, product demand expanded. For instance, a team of scientists from The Czech Academy of Sciences (the CAS) created a device with a biochip to identify the COVID-19 virus in January 2022. The researchers claim that a biochip is equally accurate and as quick as a PCR test. It is anticipated that the use of biochip technology in a variety of applications will accelerate industrial growth.
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