Healthcare Microchip Array Market

Global Healthcare Microchip Array Market: Overview

A microchip array is a semiconductor device array used to monitor an individual's physical condition. Right from basic vitals to specialized measurements of specific bodily functions, these arrays are used currently to aid healthcare infrastructure in the accurate diagnosis and management of diseases. 

Transparency Market Research notes that with increased automation of global services, even healthcare is catching up to assessing patients round the clock. Chronic diseases often require continuous monitoring to assess patient response to therapy, and microchip arrays allow for just that. As the healthcare sector continues to innovate and grow in the future, the healthcare microchip array market is set to chart a higher growth trajectory over the forecast period of 2020 to 2030. 

Global Healthcare Microchip Array Market: Competitive Landscape

Few manufacturers dot the microchip array market scenario. This makes this market consolidated. A few of these players are:

• Advanced Microlabs
• Affymetrix
• Agilent
• Advanced Liquid Logic
• Akonni Biosystems

Specialized acquisitions of specific manufacturing facilities and investing in market outreach strategies should bring these manufacturers at the forefront of supplying products for a hungry healthcare market. 

Global Healthcare Microchip Array Market: Key Trends and Drivers

• The global automation industry by itself is estimated to grow substantially over the next few years. This trend is expected to follow suit in the healthcare industry as well, where continuous patient monitoring makes for easy diagnosis of elusive diseases. 
• Chronic illnesses are on the rise. Treatment of chronic conditions often requires regular therapeutic monitoring. Microchip arrays make this possible by transmitting electronic patient data to databases that can generate reliable outputs to improve patient compliance.

Global Healthcare Microchip Array Market: Regional Analysis

North America and Europe are currently global leaders in this market given a robust healthcare infrastructure that caters to these need of the regional population. The awareness among people about latest technologies makes adoption of microchip arrays easier here. 

The Asia Pacific region (APAC) is expected to register the fastest growth in the healthcare microchip array market owing to a rise in healthcare expenditure and a concomitant growth in the number of people afflicted with chronic illnesses.