DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/whhxfc/mems_in_medical) has announced the addition of the "MEMS In Medical Applications Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2013 - 2019" report to their offering.
Technological advancements have revolutionized the healthcare industry by providing various healthcare solutions with accuracy. MEMS devices in medical applications are amongst these technological advancements. MEMS-embedded medical equipment are efficient to measure, diagnose and treat various medical conditions such as blood pressure, respiratory rate, body temperature disorders and others. MEMS-based medical devices are miniaturized and help to increase efficiency of various medical devices. In addition, the rise in demand for lab automation for increased efficiency would also trigger the growth of this market. Increased funding for this market is also expected to boost the growth of MEMS embedded devices. Despite all these advantages, lack of testing standardization and delay in FDA approvals would hinder the future market growth. The MEMS in medical applications market was valued to be USD 1.8 billion in 2012 and is expected to grow at a CAGR of 20.2% from 2013 to 2019.
MEMS-based medical devices include surgical, therapeutic, diagnostic and monitoring equipment. MEMS-embedded diagnostic equipment accounts for the largest market amongst the total MEMS medical devices market. The market for MEMS-embedded diagnostic devices in medical applications was valued at more than USD 600 million in the year 2012 and is expected to have a CAGR of over 15%.
MEMS-based medical devices are composed of various sensors which include pressure, temperature, flow, accelerometer, optical image, microdispensers for drug delivery, microfluidic chips and silicon microphones. The pressure sensor accounted to have the largest market; however, micro dispensers market for drug delivery is anticipated to have the highest growth during the forecast period. The MEMS-based medical devices market by end users includes hospitals, healthcare research and home healthcare, where hospitals accounted for the largest market.
Geographically, the North American region constituted the largest market for MEMS-based medical devices market in year 2012; however, Asia-Pacific is predicted to foresee the highest growth rate of over 20% from 2013 to 2019. This growth has been attributed to increase in diabetic population and rising disposable incomes coupled with change in lifestyle. In addition, economic development and healthcare reforms would increase the government funding in its intensive R&D and would trigger the growth of this market in Asia-Pacific region.
Key Topics Covered:
2 Executive Summary
3 Global MEMS in Medical Applications Market Dynamics
3.6 Porters Five Forces Analysis
3.7 Market Attractiveness Analysis
3.8 Market Share Analysis of Key Players
4 Global MEMS in Medical Applications Market, By Applications
4.2 Diagnostic Devices
4.3 Monitoring Devices
4.4 Surgical Devices
4.5 Therapeutic Devices
5 Global MEMS in Medical Applications Market, By Sensor Types
5.2 Pressure Sensors
5.3 Temperature Sensors
5.4 Flow Sensors
5.5 MEMS Accelerometers
5.6 Optical Image Sensors
5.7 MEMS Micro Dispensers
5.8 Microfluidic Chips
5.9 Silicon Microphones
6 MEMS in Medical Applications Market, By End Users
6.2 Home Healthcare
6.3 Healthcare Research
7 MEMS in Medical Applications Market, By Geography
7.2 North America
7.4 Asia Pacific
7.5 Rest Of The World (Row)
8.1 Success Strategies
8.2 Barriers to be Considered
9 Company Profiles
- Analog Devices
- Freescale Semiconductor
- GE Measurement & Control
- Honeywell Sensing And Control
- Measurement Specialties
- Royal Philips Electronics
- Texas Instruments
For more information visit http://www.researchandmarkets.com/research/whhxfc/mems_in_medical.
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.