Investigate use of PureComponent and memo to improve performance

Research best implementation of `PureComponent` and `memo` to improve performance of the library.

## Expected Behavior
Improved render performance and mitigate unnecessary renders

## Current Behavior
Currently using simple `Component` and functional components which may rerender when no prop has changed

## Context + Screenshots
Performance of the library is less than ideal when editing a field in a large table. Inputs can feel _laggy_ when typing quickly.