The Outbreak of COVID-19 (Pandemic) to Augment Growth of the Biochips Market
Biochips is a miniaturized medical device used in molecular laboratories to carry out several biochemical reactions simultaneously. The device contains millions of biosensors. It is highly efficient and has gained significant popularity in the biochemical field. Biochips are used to detect and quantify molecular complexes. Biochips find applications in areas such as diagnosis of cancer, respiratory diseases, infectious diseases, and for personalized treatment. Thus, with the increasing prevalence of cancer, respiratory diseases, and infectious diseases, the demand for biochips is also increasing with a rapid pace. According to the National Cancer Institute, in 2018, there were 18.1 million new cases and 9.5 million cancer-related deaths worldwide. By 2040, the number of new cancer cases per year is expected to rise to 29.5 million and the number of cancer-related deaths to 16.4 million. Cancer is one of the leading causes of death worldwide. Thus, increasing preva...