Wide-scale application of ( Medical Micro-electro Mechanical Systems ) MEMS technology in the healthcare sector is expected to favor market growth with key vendors Honeywell Sensing and Control, Abbott Laboratories, Flexpoint Sensor Systems

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 manufactures 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.

Key features of the study:

This report provides an in-depth analysis of global MEMS market provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year.
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players.
It profiles leading players in the global medical MEMS market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
Key companies covered as a part of this study 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
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics.
The global medical MEMS market report caters to various stakeholders in this industry including investors, suppliers, hernia repair devices and consumables manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the hernia repair devices and consumables market.

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Market Taxonomy

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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