Bio-MEMS Market To Reach USD 6.73 Billion With CAGR 8.5% By The Year 2028 - Introspective Market Research

Market Overview:
Global Bio-MEMS Market was valued at USD 3.80 Billion in 2021 and is expected to reach USD 6.73 Billion by the year 2028, at a CAGR of 8.5%.

BioMEMS or biomedical microelectromechanical systems are MEMS with biological or biomedical functions. Biomolecules play a significant role in the development of MEMS, which are medical devices. MEMS are utilized in the medical sector to control tiny components, transmit optical and electrical data transport fluids, and monitor pressure, temperature, and motion. A subtype of MEMS device called a "bio-MEMS" is utilized in biomedical applications and research. Computers and control systems are combined with structural elements, actuators, micro-optics, microfluidics, sensors, and more in bio-MEMS. There are several uses for healthcare microcontrollers. By offering them a competitive edge, bio-MEMS help medical devices perform better. Accelerometers have revolutionized the treatment of heart disease and enhanced medicine delivery through the use of MEMS and nanotechnology.

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Market Dynamics:

Driver:
Recent years have seen an improvement in the adoption of bio-MEMS due to the increased need for prosthetic limbs and substitutes for particular nerve disorders. The market is also being driven by the rapid adoption of microfluidics, such as microfluidic chips, for analytical and diagnostic reasons in a variety of biomedical applications. Additionally, the adoption of bio-MEMS has improved the detection of viruses and pathogens with sufficient accuracy, which has significantly contributed to the global market's positive trend.

Market Trend:

Microfluidic Chips to Hold the Maximum Market Share

A collection of micro-channels etched onto or moulded into glass, silicon, or a polymer substance like polydimethylsiloxane make up a microfluidic chip. The chip typically has a thickness of between 0.5 mm and 5 mm, is transparent, and measures anywhere between 1 cm and 10 cm in length or breadth. In order to achieve the necessary features of mixing, pumping, sorting, or manipulating the biochemical environment, the micro-channels composing the microfluidic chip are joined together. Due to their ability to combine numerous medical tests on a single chip, microfluidic chips have gained popularity in the biomedical industry. In terms of applications, it is also affordable, simple to produce, and simple to use, which is boosting its adoption rate in the field of healthcare.

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Market Segmentation

Segmentation Analysis of Bio-MEMS Market:

By Type, Bio-Medical MEMS is the dominating type segment of the Bio-MEMS market. Most MEMS used in biomedical applications act as sensors. Important sensors used during surgery (such as measuring intravascular blood pressure), long-term sensors for prostheses, advanced sensor arrays for rapid, laboratory-quality diagnostics at home.

By Application, Diagnostics is the dominating in the Bio-MEMS Market. Bio-MEMS is revolutionizing medicine. Clinical applications of bio-MEMS include both diagnostic and therapeutic applications such as actuators for drug delivery and disease monitoring.

By End User, Pharmaceutical is dominating in the End User segment in the Bio-MEMS Market. The pharmaceutical industry is expected to show significant growth over the forecast period.

By Type
• Bio-Medical MEMS
• Biotechnology MEMS

By Application
• Sample Preparation
• Screening
• Diagnostics
• Monitoring
• Others

By Distribution Channel
• Home Diagnostics
• Hospitals
• Pharmaceutical
• Agricultural Industry
• Others

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Regional Analysis of Bio-MEMS Market:
North America is the dominating in Bio-MEMS Market. The North American region is one of the earliest adopters for emerging technologies as technology companies in the region may invest in and indulge in the commercialization of products on the market. With the recent increase in the incidence of chronic illnesses in the United States, public health concerns continue. Currently, at least one in six Americans suffers from one of the chronic illnesses, according to the Centers for Disease Control and Prevention. Companies in the region are investing heavily in self-monitoring devices such as point-of-contact test applications and blood glucose tests. It reduces medical costs and saves time. Such investments and commercialization of these products are expected to generate demand for the BioMEMS market in the region.

Geographic Segment Covered in the Report
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)

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Players Covered in Bio-MEMS Market are:
• Integrated Sensing System Inc. (ISSYS)
• Bluechiip Ltd
• Given Imaging
• Cepheid Inc
• TDK Corporation
• SPTS Technologies Ltd
• Boston Scientific Heimann Sensor
• Lepu Medical Technology
• Nanopass Technologies
• United Gene High-Tech Group Micron Technology
• Abbott Diagnostics
• Caliper Life Sciences
• Analog Devices
• Tronics

Key Industry Developments In Bio-MEMS Market

June 2020, Technological development in Organ on a chip is a relatively new technology that mimics and simulates multi-level organ systems on the bench using a combination of microfluidics, biomedical microelectromechanical systems (or bioMEMS), and biomaterials. This enables real-world in vitro studies such as drug testing and disease research while developing useful implantable functional assistants. Brain, liver, heart, kidney, lung, and intestinal functions are all successfully implemented on the chip platform and integrate different types of electronic devices.

In September 2019, Teledyne Digital Imaging Inc has acquired Micralyne Inc, a private foundry that supplies microelectromechanical systems or MEMS devices. In particular, Micralyne has exclusive microfluidic technology for biotechnology applications and the capabilities of non-silicon-based MEMS such as gold, polymers, etc. that the human body often required compatibility.

The report covers exhaustive analysis on:
• The market size and industry growth rate of the global and regional market across various segments
• Based on extensive primary and secondary research this report provides comprehensive and granular data
• Key technological advancements and market trends that shape the market
• Brand dynamics and distribution trends in order to effectively plan strategies in the forecast period 2022-2028
• Key companies operating in this market and their market share

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