Dublin, Sept. 22, 2023 (GLOBE NEWSWIRE) -- The "Global Medical MEMS Market Size, Share, and Growth Analysis by Sensor Type, Application, End-user, and Region - Industry Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The global medical Micro-Electro-Mechanical Systems (MEMS) market, which was valued at $2.84 billion in 2022, is expected to reach $3.77 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.6%.
The medical MEMS market involves the application of micro-electro-mechanical systems (MEMS) technology in medical devices. MEMS devices are miniature machines capable of sensing, processing, and actuating in response to their environment. In the healthcare sector, these devices find applications in monitoring blood glucose levels, drug delivery, pathogen detection, and more.
Key Market Segments:
- Sensor Type: The medical MEMS market is segmented into pressure sensors, microfluidic device sensors, accelerometers, gyroscopes, optical sensors, microphones, and others based on sensor type.
- Application: Segmentation includes monitoring and diagnostic devices, surgical devices, and therapeutic devices.
- End User: The market serves hospitals and clinics, research institutions, and biotechnology companies.
- Region: Geographical regions covered include North America, Europe, Asia-Pacific, Latin America, and MEA.
Drivers of Market Growth:
- Rising Demand for Minimally Invasive Procedures: The medical MEMS market is driven by the increasing demand for minimally invasive medical procedures. MEMS technology enables the development of smaller and more precise medical devices, leading to less invasive treatments and quicker recovery times.
- Increasing Prevalence of Chronic Diseases: The growing prevalence of chronic diseases such as diabetes, cardiovascular conditions, and respiratory disorders has fueled the demand for medical MEMS devices for continuous monitoring and management.
Restraints:
- Development Costs: The high expenses associated with the development of MEMS devices pose a significant challenge to market growth.
- Regulatory Hurdles: Strict government regulations related to product approvals and concerns about the reliability of MEMS devices can hinder market expansion.
Trends in the Market:
- Advancements in Ultrasonic Transducer Technology: Recent improvements in thin-film piezo materials have led to enhanced efficiency and sensitivity in ultrasonic transmission. This has resulted in the development of various consumer applications, including fingerprint sensors, autofocus modules, and time-of-flight sensors, contributing to the growth of the ultrasound transducer market.
- Piezoelectric Micromachined Ultrasonic Transducers (pMUTs): pMUTs, based on piezoelectric layers deposited on silicon MEMS wafers, represent a significant advancement in ultrasound transducer technology.
Major Companies:
Leading companies in the global medical MEMS market include Omron Corporation, Integrated Sensing Systems, MemsTech Bhd., Agilent Technologies, Flexpoint Sensor Systems, STMicroelectronics, Royal Philips, Texas Instruments Inc., Electronics NV, General Electric Company, Debiotech S.A., and Silex Microsystems.
For more information about this report visit https://www.researchandmarkets.com/r/t5mn93
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
