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Healthcare Microchip Array Market Propelled by Increasing Demand in Home Healthcare Systems

Press Release   •   May 10, 2016 03:38 EDT

Transparency Market Research is a leading market intelligence company that has always provided the latest data on multiple industries including the healthcare industry. One of the titles composed under the global industry of medical devices is, “Healthcare Microchip Array Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018” – a report which can be used to gain knowledge of this market’s scope of growth.

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The global healthcare microchip array market consists of advanced semiconductor technology. Microchips are built in a way that suits their use within the healthcare industry for a large number of applications. The use of microchip arrays in the healthcare industry has opened up a massive scope for transformation. It allows for a much more diverse use of scanning and diagnostic tools while still achieving the cost-efficiency that semiconductors have to offer. The lower cost of microchip arrays has been instrumental in its proliferation across various economies.

The global healthcare microchip array market’s products can be used to create a constant monitoring system of a patient’s vitals and body condition in a wireless manner. This allows the patient to move about without being inconvenienced by constant medical visits and having to carry wired devices with them. This also saves the patient as well as the medical organization space, time, and medical expenses. This makes the global healthcare microchip array market one of the top producers of devices that can help in the treatment of chronic diseases.

The key reason for the growth of the global healthcare microchip array market is the increasing prevalence of chronic illnesses, diabetes, obesity, and cardiovascular diseases, along with the hectic lifestyle of the working class.

On the basis of end users, the global healthcare microchip array market can be divided into hospitals, government institutions, research laboratories, and others. On the basis of products, the global healthcare microchip array market can be divided into low density microarray chips, medium density microarray chips, and high density microarray chips. On the basis of technology, this market can be divided into segments such as microfluidics, DNA sequencing, and electrophoresis.

From a geographical perspective, the global healthcare microchip array market was led by North America. This region has generated the maximum annual revenue in the global healthcare microchip array market in the recent past. At the same time, Asia Pacific has shown a remarkable rate of expansion in the global healthcare microchip array market, allowing this market to maintain a strong CAGR for the next couple of years. The Asia Pacific healthcare microchip array market is currently growing due to the increased cost-effectiveness that microchip arrays can bring to the table.

The key players in the global healthcare microchip array market are Advanced Liquid Logic, Agilent, Affymetrix, Advanced Microlabs, and Akonni Biosystems.

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