Medical Micro-electro Mechanical Systems (MEMS) Market
Medical micro-electro-mechanical systems (MEMS) market size is broken down by end-user (biotechnology companies, clinics, hospitals, and research institutions), application (therapeutic devices, monitoring, surgical devices, and diagnostic devices), sensor type (microphones, pressure sensors, optical sensors, microfluidic device sensors, gyroscopes, and accelerometers), and region (Asia, North America, Latin America, and Europe) from 2019 to 2027.
To create and sell cutting-edge micro-electromechanical systems for medical applications, key market players are concentrating on ongoing research and development. For instance, Abbott Laboratories introduced its Confirm Rx ICM, a next-generation detection technology, in May 2019. It offers a more intelligent 24/7 heart monitoring strategy for those with irregular heartbeats. In order to more effectively identify cardiac rhythm abnormalities, the implanted heart monitor that works with smartphones was introduced in Europe and the United States.
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The MDP200 Bi-directional Differential Pressure Sensor was also released by MEMSIC Inc. in July 2017 for usage in medical and other applications.
Numerous applications, including microsystems for polymerase chain reaction and electroporation as well as microsystems for drug screening and selection, have been developed as a result of the coupling of nanotechnology with MEMS.
Key Players
To diversify their product offerings and increase their market presence internationally, major market players are concentrating on mergers, acquisitions, collaborations, and partnerships. For instance, in February 2017, Mortara Instrument, Inc., a renowned creator, developer, and producer of diagnostic cardiology tools were purchased by Hill-Rom Holdings, Inc. Hill-Rom Holdings, Inc.’s product range for advanced diagnostics capabilities in cardiology is anticipated to grow as a result of the purchase.
Additionally, in November 2018, VivoSense, a business that focuses on wearable sensor physiological sensing technologies for research and clinical trials of MEMS Devices, and Heart Insight, Inc., a body-worn sensing and computing Technology Company for cardiac diagnostics, collaborated. As part of the arrangement, Cardiac Insight, Inc. improved analytics to encourage the deployment of its worn cardiac sensors in drug testing and other healthcare applications.
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Key Takeaways
Due to the increased popularity of portable MEMS devices, the worldwide MEMS market is anticipated to develop at a CAGR of 18.5% during the projected period.
Due to its high efficiency, effectiveness, and real-time analysis of patient data, the monitoring and diagnostic devices category is anticipated to have a larger market share in 2019.
Geographic expansion in the Asia Pacific, Europe, and North America are characteristics of the global medical MEMS market, which is predicted to generate more market revenue as a consequence of the rise in cancer and diabetes cases among lifestyle illnesses.
Several of the top businesses in the global MEMS market are Agilent Technologies, Abbott Laboratories, GE Measurement, and Control Solutions, Flexpoint Sensor Systems, MemsTech Bhd., Analog Device Inc., Omron Corporation, and Integrated Sensing Systems.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Sensor Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Regulatory Scenario
- Reimbursement Scenario
- Merger and Acquisition Scenario
- PEST Analysis
- Epidemiology
- Market Dynamics
- Global Medical Micro-electromechanical Systems Market, By Sensor Type, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Pressure Sensors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Microfluidic Device Sensors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Accelerometers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Gyroscopes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Optical Sensors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Microphones
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Medical Micro-electromechanical Systems Market, By Application, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Monitoring and Diagnostic Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Surgical Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Therapeutic Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Medical Micro-electromechanical Systems Market, By End User, 2016 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hospitals and Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Research Institutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Biotechnology Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
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