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Increasing application of biochips in drug discovery, proteomics, and genomics coupled with high investment in R&D of the product is fueling the Biochip market growth.
The growth of the market is driven by the growing adoption of non-invasive procedures, increasing occurrence of skin damage and increasing usage of oral contraceptives among female.
An escalation data security and privacy concerns and an enormous increase in the volume of data originating from various sources is expected to boost the market growth.