The
medical micro electro mechanical systems (MEMS) market improves the
performance of medical devices, primarily used in patient monitoring.
It helps improve the treatment of cardiac diseases and the efficiency
of drug delivery systems. The medical MEMS market has gained traction
due to application of the systems in in-vitro diagnostics, medical
devices, pharmaceutical and other allied sectors. The onset of
nanotechnology and MEMS have led to the development of numerous
applications such as biochips, polymerase chain reaction,
electroporation, ELISA, electrophoresis, micro-machined scanning
tunneling microscopes and micro systems for drug screening and
selection.
The
growing shift of patients to portable devices for home care coupled
with rising expenditure on MEMS technology and large pool of old age
population worldwide are the growth factors for the market. New
product launches and increasing approval from FDA has led to rampant
growth of the market.
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Market
Dynamics
Medical
MEMS market have underwent drastic improvement due to technical
advancements over the last few years. The Bigfoot medical’s Asante
Insulin pump and Dexcom CGM systems use MEMS technology. The
available medical MEMS technology have been in the market for short
time, and the potential of these systems is not yet completely
understood, which defines a major market for the manufacturers. The
manufacturers need to focus on research and development of MEMS
technology to improve patient monitoring, which could favor the
growth of the market. Increase in awareness of non-invasive
technologies among the patients and shift towards portable devices
are also expected to favor the market in the near future.
The
global medical MEMS market was valued at US$ 3,054 million in 2016
and is expected to witness a robust CAGR of 18.2% over the forecast
period (2017-2025).
Wide-scale
application of MEMS technology in the healthcare sector is expected
to favor market growth
Diagnostic
and therapeutic devices are the major application areas of medical
MEMS technology, which are expected to favor significant growth of
the market in the foreseeable future. The Bigfoot medical’s Asante
Insulin Pump and Dexcom CGM Systems use MEMS technology. Rapid
adoption of medical MEMS technology in hospitals and growing
preference for minimally invasive therapeutic approach are expected
to fuel growth of the market. For instance, in July, 2017, Abbott
Laboratories and Bigfoot Biomedical entered into an agreement to
develop and market glucose sensing technology in the U.S.
Global
Key Players
Major
players in the global MEMS market include Honeywell Sensing and
Control, Abbott Laboratories, Flexpoint Sensor Systems, Analog Device
Inc., GE measurement and control solutions, Omron Corporation,
Integrated Sensing Systems, MemsTech Bhd., and Agilent Technologies.
Detailed
Segmentation:
Global
Medical MEMS Market, By Sensor type:
-
Pressure Sensors
-
Accelerometers
-
Gyroscopes
-
Microfluidic device sensors
-
Microphones
-
Optical Sensors
-
Others (Flow Sensors, IR Sensors, etc.)
Global
Medical MEMS Market, By application:
-
Diagnostic devices
-
Monitoring devices
-
Surgical devices
-
Therapeutic devices
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