A report from Yole Développement, a group of companies providing market research, technology analysis and strategy consulting, claims the BioMEMS market is expected to grow rapidly from $1.9 billion in 2012 to $6.6 billion in 2018.
The microsystem technologies market for healthcare applications looks promising, it explains, and should reach $6.6 billion by 2018.
The devices considered in the BioMEMS 2013 report are pressure sensors, silicon microphones, accelerometers, gyroscopes, optical MEMS and Image sensors, microfluidic chips, micro-dispensers for drug delivery, flow meters, infrared temperature sensors, emerging MEMS (RFID, Strain sensors, Energy Harvesting).
Yole Développement’s report provides a market description, the main device and system manufacturers, current market data, and forecasts. Additionally, main technological trends are reviewed. It finds that the BioMEMS market will almost triple in size over the next five years, with mobile care applications contributing significantly to this impressive growth.
The report also notes that microsystems integration is fast becoming a key added-value for system manufacturers.
Microsystem devices have become increasingly visible in the healthcare market by serving as solutions adapted to the requirements of various applications. The usefulness of these devices is two-fold: for one, they improve medical device performance for the patient; and secondly, they offer competitive advantages to system manufacturers.
Microsystem devices have applications in four key healthcare markets: pharmaceutical; in-vitro diagnostics; medical devices; and medical home care.
The BioMEMS 2013 report also pays particular attention to Chinese microsystems players, as a number of new players have recently entered the market.