According to Wikipedia, Biochips are essentially miniaturized laboratories that can perform hundreds or thousands of simultaneous biochemical reactions. Biochips enable researchers to quickly screen large numbers of biological analytes for a variety of purposes, from disease diagnosis to detection of bioterrorism agents.
Here is an interesting video on the potential of biochips. The video is from 2013, so it is interesting to see the difference between 2013 and now.
Check out where BioChips is on the curve from Gartner’s 2015 Hype Cycle For Emerging Technologies Identifies The Computing Innovations Worth Monitoring.
The biochip market is set to grow substantially during this decade. To read more about it, check out the link below,
Biochips Market – Global Industry Analysis and Forecast to 2020
https://www.persistencemarketresearch.com/market-research/biochips-market.asp