Global MEMS In Medical Applications Market is Expected to Grow at a CAGR of 20.2% from 2013 to 2019

Micro-Electro-Mechanical Systems, MEMS is defined as devices made up of miniaturized mechanical and electromechanical elements using micro fabrication techniques. MEMS comprises of miniaturized structures such as sensors, actuators and microelectronics. The prime elements are micro sensors and micro actuators. These are also called as transducers which help in conversion of one form of the energy into another.

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Technological advances have led to development of a synergistic relation between the unrelated fields such as biology and microelectronics. MEMS finds its application in medical sector especially diagnosis and biotechnology. There has been a paradigm shift of patient taking treatment from hospital to home care.

Rise in healthcare expenditure compounded by geriatric population is driving the demand for portable medical diagnostic devices. In addition, need for rapid diagnosis coupled with minimum turnaround time has compelled medical device manufacturers to focus on providing a single platform for multiple diagnostic tests. By leveraging MEMS, manufacturers can produce significantly smaller, low-power consumption connectors that deliver high performance than larger components used in devices.

Governments across the globe have realized the potential of nanotechnology and MEMS in healthcare and are supporting the growth of this industry through significant funding. This has overall boosted the confidence of the entire value chain of MEMS industry right from foundries to the final product.

This report covers market estimation of MEMS in healthcare applications in terms of value (USD million) for the period of 2013-2019, considering 2012 as the base year for calculation. In addition, the current market dynamics including the drivers, restraints, trends and recent developments have been captured throughout the report. The MEMS market in healthcare covers applications into major segments such as medical devices, biotechnology, therapeutics and diagnostics sector. We have done an in-depth analysis on further applications of MEMS sensors market in medical and diagnostic devices.

The geographic chapter spans the major regions including North America, Europe, Asia and RoW (Rest of the World). Similarly, market share analysis of the major MEMS manufacturers has been captured in our competitive landscape chapter.

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Some of the significant players of this market are STMicroelectronics, GE Sensing and Control, Honeywell sensing, Analog, Measurements Inc and others. These market players are profiled on the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

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