Bioelectronics
is a branch of medical science that deals with the application of
ideologies of biological sciences in electrical/electronic
engineering. In simpler terms, bioelectronics is the combination of
biology and electronics. This is an essential emerging field in
medicine. Bioelectronics has led to the expansion of various devices
such as the pacemaker and a wide variety of therapeutic imaging
devices that are easily accessible. The nervous system transmits an
endless number of signals to carry out various functions of the human
body. This creates a highly lucrative growth prospect for the study
of bioelectronics and the related market is projected to flourish
over the next few years.
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Some
of the major tools associated with bioelectronics are
bioelectromagnetics, robotics, sensors, and neural networks.
Bioelectronics have been making a huge impact in the medicinal field
from its early days, however, bioelectronics’ role in medical
science is likely to grow at an incredible pace during the forecast
period, touching disparate healthcare specialties such as vision
disorders and spinal injuries. Wide-ranging research and development
activities related to bioelectronics will aid in the increasing
health care market by facilitating on-site diagnosis as well. Apart
from life sciences and medical research, it is used in ecological
monitoring as well, with requirement for the latter anticipated to
rise speedily in the forecast period, owing to growing danger of
global warming around the globe.
Growing
diabetic population and the increasing prevalence of heart diseases
will drive the overall bioelectronics market
According
to the Heart Foundation, in 2011, heart and other cardiovascular
diseases led to 787 thousand fatalities in the U.S. alone. Moreover,
as per International Diabetic Federation (IDF) around 415 million
people suffered from diabetes in 2015. Since diabetic monitoring and
control as well as heart failure patients need bioelectronics devices
in the form of glucose monitoring devices, and artificial pacemakers,
respectively, the market for bioelectronics product is likely to
experience a huge surge in demand during the forecast period. This is
attributed to rise in the number of patients suffering from the
aforementioned diseases.
North
America held the maximum share of the bioelectronics market, owing to
large number of applications in various healthcare segments. Rising
occurrence of several grave diseases due to sedentary lifestyle;
existence of large number of R&D facilities; and escalating
adoptability of refined and advanced products by healthcare
professionals, clinicians and patients, the bioelectronics market
will see a significant growth momentum in this region. Asia Pacific
is expected to observe a considerable growth due to improvement in
healthcare infrastructure as well as speedy economic growth in the
course of the forecast period.
Top
Key Players
Some
of the key players operating in the global bioelectronics market are
F. Hoffmann-La Roche Ltd, Abbott laboratories, LifeSensors, Siemens
Healthcare, Nova Biomedical Corporation and AgaMatrix. Some of the
other companies operating in the market are Bioelectronics
Corporation, Sotera wireless, Beckman Coulter, Bodymedia, Avago,
Danaher Corporation, Medtronics, Omnivision Technologies, and Roche,
Sensirion.
Bioelectronics
Market Taxonomy
On
the basis of product type, the market is classified into:
-
Electrochemical biosensors
-
Piezoelectric biosensors
-
Thermal biosensors
-
Optical biosensors
On
the basis of application, the global market is classified into:
-
Fabrication Templates
-
Biochips
-
Implantable Devices
-
Prosthetic
-
Artificial Organs
-
Pills
-
Surgical
-
Biofuel Cells
-
Molecular Motors
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