Global Bio-MEMS Market

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Global Bio-MEMS Market
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Summary

• Global Bio-MEMS Market is estimated to reach
  3,702 million by 2024 growing at a CAGR of
  20.9 from 2016 to 2024. Bio-MEMS or bio-medical
  micro electromechanical systems improve the
  performance of medical devices, used for
  patientmonitoring. It advances the treatment for
  cardiac diseases and also improves thedrug
  delivery system. A bio-MEMS device has gained
  popularity in the marketowing to its requirement
  in various applications. A range of healthcare
  sectors such as pharmaceutical, medical devices,
  medical home care and in-vitro diagnosticspose a
  huge demand for Bio-MEMS.
• Rise in demand for artificial limbs,
  development of patient monitoring equipment
  system are the major factors driving the global
  Bio-MEMS market. Moreover, high efficacy, low
  cost, and rising ageing population has also
  fuelled the market growth. However, stringent
  regulatory guidelines are expected to restrain
  the market growth. Emergence of personalized
  medicines would provide several growth
  opportunitiesfor the market in near future.

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• The global Bio-MEMS market is bifurcated by
  components, and application. Bycomponents, the
  global Bio-MEMS market is further segmented into
  gyroscopes,accelerometers, and others. By
  application, the market is segmented as
  neuralimplants, bionics, ENT implants,
  cardiological implants, and others. By
  components, the others segment accounted for the
  largest market share in 2016, and is expectedto
  continue its dominance during the forecast period
  2016-2022. Accelerometers are anticipated to grow
  at the fastest CAGR during the forecast period.
  Neural implants are to attain the fastest CAGR in
  the overall application segment.
  Geographically,the market is categorised into
  North America, Europe, Asia-Pacific and Rest of
  the world (RoW).
• Based on geography, the global Bio-MEMS market
  has been segmented into North America, Europe,
  Asia-Pacific and rest of the world (RoW). The
  U.S., Mexico and Canada are covered under North
  America wherein Europe covers Germany,
  UK,Russia, and others. Asia-Pacific covers
  China, Japan, South Korea, and others. RoW covers
  South America, Middle East and Africa.

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• Major companies operating in this market are
  Becton Dickinson, Abbott Laboratories, Boston
  Scientific, Perkin Elmer, Medtronic, Baxter
  International Inc., TeledyneDalsa Inc., Cepheid,
  Bluechiip, Lepu Medical Technology among others.
• The key takeaways from the report
• The report will provide detailed analysis of
  Bio-MEMS Market with respect tomajor segments
  such as component, and application
• The report will include the qualitative and
  quantitative analysis with marketestimation over
  2015-2024 and compound annual growth rate (CAGR)
  between2016 and 2024
• Comprehensive analysis of market dynamics
  including factors and opportunities isincluded
  in the report
• An exhaustive regional analysis of Bio-MEMS
  Market will be provided in thereport

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