Micro-electro mechanical systems (MEMS) is a semiconductor integrated circuits (ICs), which combines mechanical and electrical properties of silicon on a single chip. These MEMS are used to detect motions such as angular motion, acceleration, pressure and magnetic field.
MEMS also enable computational ability of microelectronic product and control its sensors. Now a days, MEMS have been considered as a revolutionized component used for personal healthcare application.
MEMS have played a vital role in the transition of centralized capital hospital equipment into handheld personalized devices. MEMS based medical devices are well-organized and capable to diagnose several medical conditions for example breathing rate, blood pressure, body temperature, motor disorder etc.
Get a Sample Copy of the Report @
Micro-electro Mechanical Systems market: Drivers and Restraints
The growth of global micro-electro mechanical systems market is attributed to the growing focus on improvement & innovation in medical and pharmaceutical industry and growing healthcare expenditures in emerging countries.
In addition, growing usage of semiconductor products in hospitals, for example in CT scanners, X-ray machines, blood pressure monitor, glucose monitor, etc. would contribute to the market growth. Shifting focus from capital instrument to portable medical devices for personalized healthcare would boost the growth of MEMS market in near future.
On the other hand, high development cost of MEMS, stringent regulatory scenario, and availability of low cost alternatives would hinder the market growth. Similarly, lack of standardization and lengthy approvals might hinder the market to some extent.
Micro-electro Mechanical Systems market: Overview
Development of advanced medical devices, increasing application of MEMS in medical industry, growing trend of personal healthcare devices and remote patient monitoring are the prime factors responsible for the growth of MEMS market.
Micro-electro Mechanical Systems market: Region-wise Outlook
Geographically, the global micro-electro mechanical systems market is segmented into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan, Japan, Middle East and Africa.
Among all the regions, North America would dominate the global Micro-electro Mechanical Systems market and is anticipated to lead the marker throughout the forecast period. Asia-Pacific is expected to be the most lucrative micro-electro mechanical systems market due to the growing incidences demand for portable medical devices, and improving healthcare expenditure in emerging economies.
In addition, the growth of Asia-Pacific MEMS market is attributed to the increasing population with sedentary lifestyle leading to lifestyle disease such as diabetes and respiratory disorder.
Request for Customization @
Micro-electro Mechanical Systems market: Key Players
Key players operating in the global micro-electro mechanical systems market are General Electric, TE Connectivity Ltd., Honeywell, Texas Instruments Incorporated, Freescale Semiconductor, Inc., Analog Devices Inc., Koninklijke Philips N.V, and STMicroelectronics, among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.
Read Related Report Links @
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.