Medical Microelectromechanical Systems (MEMS) Market Size 2022 Industry Recent Developments and Technology, Size, Trends, Growth, and Forecast Research Report 2027

The Medical Microelectromechanical Systems (MEMS) Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report. The market report additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the players and companies to contribute to the Medical Microelectromechanical Systems (MEMS) market growth.

The Global Medical Microelectromechanical Systems (MEMS) Market market was valued at USD 10.92 billion in 2020 and is expected to reach USD 18.88 billion by 2027, registering a CAGR of 8.71%, during the forecast period of 2022-2027.

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Market Overview

Wearables constitute an important step in the evolution of IoT and a new application domain for MEMS sensors. MEMS for such products are leveraging thin, flexible printed circuit boards for a better form factor. As standard form factors still use consumer MEMS devices, the pressure is built on MEMS vendors for further reduction of sensor package height and footprint. This would make the end product have a better product look and feel, with added functionality.
MEMS plays a key role in the field of automation industries. The sensitivity, reliability, and scalability, along with cost-effective design, have been offered by the MEMS technology. It provides more opportunities in the field of automation. The industry relies on these technologies for higher throughput and production rate with less time. MEMS accelerometers and gyroscopes are ideal for use in a wide range of industrial automation applications. With their minute size, high reliability, and low power credentials, the MEMS sensors can play a vital role in virtually any piece of the industrial automation machinery.

Top Leading Companies:

GE Measurement & Control, Honeywell Sensing and Control, Omron Healthcare, Keysight, Analog Device, Integrated Sensing Systems, Flexpoint Sensor Systems, MemsTech Bhd

Recent Developments

Jan 2020 - InvenSense, a TDK Corporation has launched the T5818 Pulse Density Modulation (PDM) microphone with a dynamic range of 107dB at 590µA, the widest dynamic range in the industry at the lowest power. The T5818 microphone features 66dBA SNR, 135dB SPL AOP, at 590 µA in High Quality Mode (HQM) and decreases power consumption to 215 µA in Low Power Mode (LPM). This is solidifying TDK’s performance leadership in MEMS microphone technology.

Keysight Technologies has acquired 8 companies, including 6 in the last 5 years. A total of 1 acquisition came from private equity firms. Keysight Technologies’ largest acquisition to date was in 2017 when it acquired Ixia for $1.6B. Keysight Technologies has been acquired in 3 different US states, and 3 countries. The Company’s most targeted sectors include software (38%) and information technology (25%).

Medical Microelectromechanical Systems (MEMS) Market Segmentation by Type:

Pressure Sensor
Optical Sensor
IR Sensor
Flow Sensor
Microfluidic Device Sensor
Other

Medical Microelectromechanical Systems (MEMS) Market Segmentation by Application:

Diagnostic Device
Monitoring Device
Therapeutic Device
Surgical Device
Others

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Asia Pacific Region is Expected to Hold Significant Market Share

Asian countries, such as China, Japan, South Korea, and Taiwan, significantly contribute to process control and product manufacturing. Moreover, it is home to some prominent market vendors and contracts fabrications companies (fabs), such as TSMC. In addition to that, supportive government regulations aimed at passenger safety, industrial automation, environment monitoring, etc., also make Asia-Pacific substantial buyers of MEMS sensors.
South Korea is one of the largest manufacturers and exporters of semiconductors across the globe. According to Korea Semiconductor Industry Association, the country’s exports in 2020 accounted for USD 992 billion compared to an import of USD 503 billion. The country is home to some of the significant memory chip makers that include Samsung and SK Hynix. The robust semiconductor industry in the country is creating opportunities for MEMS manufacturing.

Regional Medical Microelectromechanical Systems (MEMS) Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Medical Microelectromechanical Systems (MEMS) Market Report:

Detailed overview of Medical Microelectromechanical Systems (MEMS) Market
Changing the Medical Microelectromechanical Systems (MEMS) market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Medical Microelectromechanical Systems (MEMS) market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Medical Microelectromechanical Systems (MEMS) Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Medical Microelectromechanical Systems (MEMS) Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Medical Microelectromechanical Systems (MEMS) industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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