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Positive Outlook for Global Bio-MEMS Market is Estimated to Surge at a CAGR of 20.9% by 2024; High Prevalence of Heart Diseases Gives Impetus to Cardio-MEMS
Global Bio MEMS Market: Overview
This report provides both strategic as well as in-depth analysis of the global bio-MEMS market, during the forecast period from 2016 to 2024. The scope of this report comprises analysis of different segments within this market being differentiated on the basis of type, application and geography. Growing applications of life saving utilities associated with the implementation of bio-MEMS is expected to fuel the growth of this market in both developed as well as developing economies from 2016-2024.
Global Bio MEMS Market: Drivers and Restraints
Application as well as demand for bio-MEMS is increasing because of its high utility that allows patients to survive in critically ill conditions acting as the most important driver for the growth of global bio-MEMS market. With advancement in research facilities being made to improve micro total analysis systems as well as lab-on-chip systems, the demand for bio-MEMS is expected to increase during the forecast period from 2016-2024.
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The rise in government grants to grow research and development facilities for biomedical applications has further led to bio-MEMS being used as life saving devices. Moreover, application of microfluidic chips in bio-MEMS applications has been another crucial driver to positively impact the demand for bio-MEMS in clinical diagnostics.
Furthermore, bio-MEMS also assists in the rapid detection of viruses that has been another important reason for the rise in demand of bio-MEMS devices. There are certain restraints such as complexity associated with fabrication process as well as the high costs associated with the implementation of this technology that restricts the demand for bio-MEMS devices. Growing application of bio-MEMS for monitoring of life threatening diseases that is going to provide huge growth opportunities for bio-MEMS market in coming years.
Global Bio MEMS Market: Segmentation Analysis
The global Bio-MEMS market based on different types has been segmented into gyroscopes, accelerometers and others. The bio-MEMS market globally has also been further segmented into includes neural implants, bionics, ENT implants, cardioMEMS and others.
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Table of Content
Section 1 Preface
Section 2 Assumptions and Research Methodology
2.1 Assumptions and Acronyms used
2.2 Research Methodology
Section 3 Executive Summary : Global Bio-MEMS Market
3.1 Executive Summary
3.2 Market Opportunity Map
Section 4 Global Bio-MEMS Market Overview
4.1 Definition
4.2 Industry Evolution
4.3 Drivers & Restraints: Snapshot Analysis
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.4 Global Market Attractiveness Analysis
4.5 Global Market Share Analysis By Company (2015)
4.6 Competitive Strategies Adopted By Leading Players
Section 5 Global Bio-MEMS Market Analysis, By Type
5.1 Market Trends
5.2 Introduction
5.3 Global Bio-MEMS Market, By Type
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