Bio-MEMS Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030

This report on global bio-MEMS market studies various bio-MEMS types and applications. Bio-MEMS use micro-size components such as sensors, transducers, actuators and electronic devices to mitigate chronic illnesses. Large patient pool suffering critical illness, cost-effective and better patient suitability are the driving factors for the bio-MEMS market. The application of bio-MEMS are diverse and useful in drug delivery, diagnosis, cell culture studies and personalized medication.

For the purpose of this study, the various types of bio-MEMS studied include gyroscopes, accelerometers, and others. Bio-MEMS applications studied in this report are neural implants, bionics, ENT implants, cardio-MEMS and others. The geographic segmentation of the global bio-MEMS market is performed for the regions North America, Europe, Asia Pacific, Latin America, and Middle East and Africa markets. The regions are also further sub-segmented on the basis of, cross-sectional study by type and application and major countries.

This report also includes qualitative assessment factors such as market dynamics (drivers, restraints and opportunities) to have a good understanding of the current and anticipated trends in the global bio-MEMS market. Competition assessment tools such as market attractiveness assessment and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report concludes with profiling of key market players currently enjoying prominent position in the global bio-MEMS market. The key players profiled in this report are Abbott laboratories, Baxter International Inc., Becton Dickinson and Company, Boston Scientific Corporation, Bleuchiip Ltd., Lepu Medical Technology, OMRON Corporation, Perkin Elmer, Inc., St. Jude Medical, Inc. and Teledyne Dalsa, Inc.

Sophisticated micro fabrication techniques are used in bio-MEMS to enable the treatment of critical diseases. Rise in demand for artificial limbs, personalized medication, high efficacy, and low cost is fuelling the bio-MEMS market growth. In 2021, accelerometers holds the largest market due to technical innovations, and wide application in the biomedical sector for e.g. the use of accelerometers in pacemakers has revolutionized the treatment of cardiac diseases. Other devices segment is anticipated to register faster growth throughout the forecast period 2022-2030, as it includes various bio-MEMS types such as flow sensors, microfluidics, DNA microarray, micro-motors etc, find application in drug delivery, diagnosis, and cell culture studies. Overall, the global bio-MEMS market is highly competitive with presence of multiple players like Boston Scientific Corporation, Abbot Laboratories, Baxter International, Inc., Becton and Dickinson Company etc. specializing in respective fields. Consolidation activities are being increasingly witnessed on the competitive front with a view to increase the technological advancement in the bio MEMS devices and related software for better patient compliance and available at low cost.

Bio-MEMS huge application scope because of its utility that helps patient to survive critical disease. Rise in government grants to grow R&D for biomedical applications, rise in patient pool and technological advancement in the patient monitoring system has fuelled the bio-MEMS application market. In 2021, cardio-MEMS hold the largest market share among all the application areas due to rise in cardiovascular diseases, and technological advancement in the cardio-MEMS that has given medical practitioners deeper insights such as pressure changes of patients with more clarity. Others segment which includes pressure sensors, exoskeletons and retinal implants will be the fastest growing market throughout the forecast period 2022-2030, as they have become more perceptible in the healthcare sector to serve as a personalized medication application.

North America was observed as the largest market for bio-MEMS in the base year 2021. According to the Centers for Disease Control and Prevention, more than 830,000 Americans die each year due to critical illnesses such as cardiovascular diseases, stroke and chronic pulmonary obstructive disease. The market growth is mainly attributed to large and perpetually increasing patient pool, evolved reimbursement scenario favoring bio-MEMS use, and technological advancement in bio-MEMS design and manufacture. According to the World Health Organization, around one third of the European population above the age of 15 years suffers from critical illnesses with wide variations across constituent countries. Europe is expected to be the second largest market due to high awareness related to early diagnosis, and government & non-government organizations grants to strengthen R&D facilities to launch bio-MEMS devices, and regulatory approval for bio-MEMS market. Growth of Asia Pacific market for bio-MEMS is attributed to factors such as rising prevalence of critical illnesses requiring medical intervention, competitive market due to manufactures involved in bio-MEMS production, and increasing disposable income in these regions. However, factors such as developing health infrastructure, increasing awareness and increasing demand bio-MEMS are going to fuel the rapid growth of bio-MEMS market in Latin America and Middle East and Africa region in the near future.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Bio-MEMS market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Bio-MEMS market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Type

• Gyroscopes
• Accelerometers
• Others

Application

• Neural Implants
• Bionics
• ENT Implants
• Cardio-MEMS
• Others

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Bio-MEMS market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Bio-MEMS market?
• Which is the largest regional market for Bio-MEMS market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Bio-MEMS market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Bio-MEMS market worldwide?

This product will be delivered within 2 business days.