During the period 2015-2020, the worldwide Biochips Market grew at a rapid pace. The market is expected to develop at a CAGR of roughly 15% between 2021 and 2026, according to IMARC Group. We're constantly watching and evaluating the direct and indirect effects of COVID-19 on various end-use industries, keeping in mind the pandemic's uncertainties. As a prominent market contributor, these insights are incorporated into the research.
A biochip is a little medical gadget that has a large number of microarrays for performing many biochemical reactions at the same time. They are equipped with a variety of biosensors that allow for the detection of a variety of biological analytes such as enzymes, proteins, DNA, biological molecules, antibodies, and so on. Drug development, in-vitro diagnostics, gene expression profiling, single nucleotide polymorphism genotyping, and agricultural research all use biochips.
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