Medical Microelectromechanical Systems (MEMS) Market: Globally Continue To Dominate The Market During The Forecast Period 2019-2025

The need to improve patient monitoring and ensure accurate and quick diagnosis of diseases is predicted to fuel the demand in the global medical MEMS market. Increasing research and development of medical MEMS technology has resulted in the development of highly advanced and novel monitoring and diagnostic products. The integration of MEMS sensors in medical devices has increased due to the rising demand for miniaturized and portable healthcare products. The combination of MEMS and nanotechnology has created various applications such as microsystems for drug screening and selection, polymerase chain reaction, electroporation, and biochips.

Abbott’s Confirm Rx ICM Offers More Accurate Detection of Heart Rhythm Disorders

US-based pharmaceutical and healthcare company, Abbott Laboratories is one of the major players operating in the global medical MEMS market. For the first quarter of 2019, it reported impressive organic sales growth of around 7% as well as a decent EPS result on the back of its key products, viz. MitraClip, Alinity, and FreeStyle Libre. In May 2019, it introduced Confirm Rx ICM, a next-gen detection technology, to offer a smarter approach to 24/7 heart monitoring for people with irregular heartbeats. The smartphone-compatible implantable heart monitor launched in Europe and the US helps to detect heart rhythm disorders more accurately.

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Players to Launch New Products to Enter Untapped Markets

Some of the key players of the global medical MEMS market are 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. Companies are expected to focus on entering untapped markets with the help of reliable strategies such as new product launch and innovation. Agreements and partnerships could be other important strategies adopted in the global market.

By Sensor Type

● Microphones

● Pressure Sensors

● Microfluidic Device Sensors

● Optical Sensors

● Accelerometers

● Gyroscopes

● Others

By Application

● Surgical Devices

● Monitoring and Diagnostic Devices

● Therapeutic Devices

By End Use

● Hospitals and Clinics

● Research Institutions

● Biotechnology Companies

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