Press release
Global Bio-MEMS Market Is Boosted by Increasing Demand for Artificial Limbs
Variant Market Research
The global Bio-MEMS market is majorly driven by increasing demand for artificial limbs, and advancement of patient monitoring equipment system. Furthermore, high efficacy, low cost, and increasing ageing population has also fuelled the market growth. Though, stringent rules and regulations by government may hamper the market growth. However, emergence of personalized medicines improvement would provide growth opportunities for the market during the forecast period 2016 - 2024.
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The global Bio-MEMS market has been categorized into components, application, and geography. The components segment contains gyroscopes, accelerometers, and others. Application segment includes neural implants, bionics, ENT implants, cardiological implants, and others. By components, the others segment accounted for the largest market share in 2016, and is expected to maintain its leading position during the forecast period 2016-2024. Accelerometers are anticipated to grow at the fastest CAGR during the forecast period. In application segment, neural implants are to achieve the fastest CAGR.
Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/medical-devices/bio-mems-market/toc
North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major regions. North America accounted for the major market share of 34.4% in 2016, owing to high healthcare sector. The growth would be mostly driven by high acceptance of superior treatment techniques in the region. Europe accounted for the second largest market share of 29%. North America is predicted to grow at a fastest CAGR of 21.7% over the forecast period 2016-2024, owing to improved government’s consciousness about development of healthcare facilities in the region.
Market players have used different strategies to raise their market share and global presence. The major key players operating in the market comprises Abbott Laboratories, Boston Scientific, Perkin Elmer, Becton Dickinson, Medtronic, Baxter International Inc., Teledyne Dalsa Inc., Cepheid, Bluechiip, and Lepu Medical Technology among others.
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Scope of Bio-MEMS Market
Component Segments
• Gyroscopes
• Accelerometers
• Others
Application Segments
• Neural Implants
• Bionics
• ENT Implants
• Cardiological implants
• Others
Geographical Segments
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o United Kingdom
o Spain
o Others
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Others
• Row
o South America
o Middle East
o Africa
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
For further information, visit https://www.variantmarketresearch.com
You can connect with us on LinkedIn here @ https://www.linkedin.com/company/variant-market-research
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Variant Market Research
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