SEATTLE, March 26, 2020 /PRNewswire/ -- According to Coherent Market Insights, the global medical micro-electromechanical systems (MEMS) market is expected to be valued at US$ 4,710.4 million in 2019 and is expected to exhibit a CAGR of 18.5% over the forecast period (2019-2027).
Key Trends and Analysis of the Global Medical Micro-electromechanical Systems (MEMS) Market:
Key trends in market include increasing incidence of chronic disease such as diabetes and cardiac disorder, increasing number of product launches, and rising number of collaborations and acquisitions by key market players. For instance, according to the International Diabetes Federation's reports published in November 2019, around 463 million adults between the age group of 20 to 79 years were diagnosed with diabetes globally, and it is estimated that the total diabetes population will reach around 700 million by 2045.
Request for Sample PDF copy @ https://www.coherentmarketinsights.com/insight/request-sample/975
Furthermore, according to latest reports published in October 2019, by Johnson & Johnson Medical Devices Companies, prevalence of atrial fibrillation (AF) in Asia Pacific is increasing rapidly and is estimated to affect nearly 16 million individuals in 2017, which is estimated to rise and reach 72 million by 2050.
Moreover, increasing product launches by key players is expected to drive growth of the global medical micro-electromechanical systems (MEMS) market over the forecast period. For instance, in November 2018, L'Oreal and La Roche-Posay collaboratively launched My Skin Track UV, a Microfluidic sensor-based wearable skin and sun safety sensor to help women and men to track their personalized exposure to UV, pollution, pollen, and humidity.
In addition, key players operating in the market are focused on adopting collaborations and agreement strategies, in order to expand their product offerings in the market. For instance, in August, 2017, Abbott Laboratories and North West London Pathology signed a service agreement valued at US$ 252 million to supply analytical equipment and diagnostic product and services to Chelsea and Westminster NHS foundation trust, Hillingdon hospitals NHS foundation trust, and Imperial college healthcare HHS trust. The service contract is estimated to manage 26 million tests annually, accounting for 6% of the total pathology market in the U.K.
Key Market Takeaways:
- The global medical micro-electromechanical systems (MEMS) market is expected to exhibit a CAGR of 18.5% over the forecast period, owing to growing shift towards portable devices. The Asia Pacific region in the global medical MEMS market is expected to exhibit a high growth rate, in terms of value, over the forecast period.
- Among applications, the diagnostic devices segment holds a higher market share in 2019, owing to its high efficiency, efficacy, and real-time analysis of patients' data
Key players operating in the medical micro-electromechanical systems (MEMS) market include—
Honeywell Sensing and Control, Abbott Laboratories, Flexpoint Sensor Systems, Analog Device Inc., GE measurement and control solutions, Omron Corporation, Integrated Sensing Systems, MemsTech Bhd., and Agilent Technologies.
Buy this Report Now @ https://www.coherentmarketinsights.com/insight/buy-now/975
- Global Medical Micro Electro-mechanical Systems (MEMS) Market, By Sensor Type:
- Pressure Sensors
- Microfluidic Device Sensors
- Optical Sensors
- Global Medical Micro Electro-mechanical Systems (MEMS) Market, By Application:
- Monitoring and Diagnostic Devices
- Surgical Devices
- Therapeutic Devices
- Global Medical Micro Electro-mechanical Systems (MEMS) Market, By End User:
- Hospitals and Clinics
- Research Institutions
- Biotechnology Companies
- Global Medical Micro Electro-mechanical Systems (MEMS) Market, By Region:
- North America
- Latin America
- By Country:
- Rest of Latin America
- By Country:
- Rest of Europe
- Asia Pacific
- By Country:
- South Korea
- Rest of Asia Pacific
- Middle East
- By Country:
- Rest of Middle East
- By Country/Region:
- South Africa
- Central Africa
- North Africa
Did not find what you were looking for? Here are some similar Topics:
NORTH AMERICA WOUND DEBRIDEMENT PRODUCTS MARKET
Wound debridement involves removal of dead, infected or damaged tissue to accelerate healing process of the remaining healthy tissue. There are several devices available in the market for wound debridement. For instance, devices such as mechanical pads, Hydrosurgical Debridement Devices, Low Frequency Ultrasound Devices, Traditional Wound Debridement Devices, and others are used for wound debridement.
Read more @ https://www.coherentmarketinsights.com/market-insight/north-america-wound-debridement-products-market-3665
NEONATAL VENTILATOR MARKET
The ventilator helps in controlling the supply the air to provide oxygen to the neonates patients who are suffering from respiratory diseases. There are wide variety of neonatal ventilators available in the market each with a unique set of properties and settings. Careful assessment of the infant's breathing pattern, chest movement, respiratory rate, and oxygenation should be monitored each time ventilator parameters are adjusted.
Read more @ https://www.coherentmarketinsights.com/market-insight/neonatal-ventilator-market-3556
RADIO FREQUENCY BEAUTY EQUIPMENT MARKET
A radio frequency beauty equipments are used in non-invasive techniques to enhance beauty, and external appearance. Medical aesthetics is an area of medicine, dealing with aesthetics, well-being, external appearance, visible skin changes, and image of the patient. Medical aesthetics involve high-technology skin care procedures that represents the fusion of beauty and healthcare services. Procedures for these involves use of advanced technologies to enhance aesthetics of the person.
Read more @ https://www.coherentmarketinsights.com/market-insight/radio-frequency-beauty-equipment-market-3543
Coherent Market Insights
1001 4th Ave.
Seattle, WA 98154
View original content:http://www.prnewswire.com/news-releases/global-medical-micro-electromechanical-systems-mems-market-to-surpass-us-18-319-2-million-by-2027---cmi-301030264.html
SOURCE Coherent Market Insights