MEMS For Therapeutic Market to Hit USD 17.07 Billion by 2028, at a CAGR of 12.7 % from 2022-2028

Global MEMS For Therapeutic Market was valued at USD 7.39 Billion in 2021 and is expected to reach USD 17.07 Billion by the year 2028, at a CAGR of 12.7%.

 

 

MEMS microphones are created using microelectromechanical system processing technology. MEMS microphones, also known as microphone chips or silicon microphones, are embedded in semiconductor silicon wafers. The pressure-sensitive movable membrane (membrane) is etched behind a fixed perforated plate, and the fixed perforated plate and diaphragm form a condenser.

 

Major Key Players for MEMS for Therapeutics Market:

Honeywell (USA),Royal Philips (Netherlands),Texas Instruments (USA),STMicroelectronics (Netherlands),General Electric Company (USA),Debiotech (Switzerland),Agilent Technologies (USA),Omron Corporation (Japan),Silex Microsystems (Sweden),Sensera Ltd (Australia)

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Market Dynamics and Factors:

Increased awareness of the public regarding healthcare, physical activities, and safety has developed the emerging need for smart sensor technologies and monitoring devices such as MEMS-based technologies that feedback to users regarding their health status, and physical activities, and evaluate the environment and safety condition in the epidemic. MEMS has a wide range of applications such as is used in pedometers to calculate the running or walking step count, speed, distance, and calories. MEMS microphones helped in hearing with high sound quality, reliability, and affordability. It also helps in the diagnosis of glaucoma, detecting the blood pressure, and measures the physiological parameters such as heart rate, ECG, and breathing rate.

In addition to this MEMS-based sensor, have several diagnostic applications like point of care parameters measurement device, used in the monitoring of cholesterol, pregnancy, and detection of the food allergy. Because of this, applications increase the research and development of technologies. This propels the growth of the market of MEMS for therapeutic in the forecast period.

 

MEMS for Therapeutics Market Report Highlight:

  • By type, microfluidics is expected to have the maximum market share in the MEMS for the therapeutic market during the projected period. Microfluidics is incorporated into several medical devices such as cardiac monitors, breath analyzers, and glucose meters that help to increase the market in the projected timeframe.
  • By end users, the home healthcare segment is predicted to expand the most in the MEMS for the therapeutic market during the forecast year. The increasing number of diabetes patients, CVS diseased patients, and hypertension patients helps to increase the use of MEMS technology in-home healthcare service, which supports to increase in the market over the forecast period.
  • By region, North America is expected to dominate the MEMS for the therapeutic market, during the projection period. An increase in the adoption of emerging technologies and a large number of manufacturers of MEMS medical devices are helping to grow the MEMS for therapeutic market in the region.

 

MEMS for Therapeutics Market Segmentation:

By Type

  • Pressure
  • Temperature
  • Microfluidics
  • Others

 

By End Users

  • Hospitals
  • Home Healthcare
  • Research Centers
  • Others

 

Regional Outlook

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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COVID-19 Impact on MEMS For Therapeutic Market

The outbreak of COVID-19 drastically affected the functioning of several industry verticals. The restrictions imposed on transportation created a shortage of materials required for the manufacturing of MEMS devices. COVID implications lowered R&D due to work from home that negatively affected progress for new technologies and products. In addition, a decrease in the government fundings affected the infrastructure development required for MEMS therapeutic market. Asian and European economies have suffered a major loss of business and revenue, due to the closure of manufacturing facilities in this region.

Report includes Competitor's Landscape:

  • Major trends and growth projections by region and country
  • Key winning strategies followed by the competitors
  • Who are the key competitors in this industry?
  • What shall be the potential of this industry over the forecast tenure?
  • What are the factors propelling the demand for the Action Figures And Statues?
  • What are the opportunities that shall aid in significant proliferation of the market growth?
  • What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
  • How has the covid-19 impacted the growth of the market?
  • Has the supply chain disruption caused changes in the entire value chain?

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