Mohini patil

Mohini patil

Accurize market research

Global Bio-MEMS Market is Estimated to Reach 3

Mohini patil
Mohini patil 8/10/2019 12:36:45 AM

Global Bio-MEMS Market is Estimated to Reach $3.7 Billion by 2024

Global Bio-MEMS a market report published by Accurize Market Research forecast that the global market is expected to reach $3.7 billion by 2024; growing at a CAGR of
20.8% from 2017 to 2025. By geography, the Asia Pacific and North America are
expected to grow at a CAGR of XX% and XX%, respectively, during the forecast
period.



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The rise in demand
for artificial limbs, and development of patient monitoring equipment system
across the globe to drive the growth of the market



Rise in demand for
artificial limbs, and the development of patient monitoring equipment system
fuels the demand for the global bio-MEMS market. Moreover, high efficacy, low
cost and rising aging population also boost the growth of the market.



Market Segmentation



The global bio-MEMS market
has been bifurcated on the basis of components, and applications. By
components, the global Bio-MEMS market is further segmented into gyroscopes,
accelerometers, and others. By application, the market is segmented as neural
implants, bionics, ENT implants, cardiological implants, and others.



By geography, the market is
segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW).
The U.S., Mexico, and Canada are covered under North America wherein Europe
covers Germany, UK, Russia, and others. Asia-Pacific covers China, Japan, South
Korea, and others. RoW covers South America, the Middle East, and Africa.



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“Others segment
accounted for the largest market share in the components segment", says
Accurize



By components segment, the
others segment accounted for the largest market share in 2016 and is expected
to continue its dominance during the forecast period 2017-2025. Accelerometers
are anticipated to grow at the fastest CAGR during the forecast period. Neural
implants are to attain the fastest CAGR in the overall application segment.



“North America
dominated the global market with the highest market share over the forecast
period", says Accurize



In 2017, North America
accounted for the largest market share of 34.4%, owing to the soaring
healthcare sector. The high adoption of advanced treatment techniques has also
propelled the growth of the Bio-MEMS market in the region. Europe accounted for
the second-largest market share of 29%. In terms of growth, North America is to
attain the fastest CAGR of 21.7% during the forecast period 2017-2025, owing to
increased government’s awareness regarding the improvement of healthcare
facilities in the region.



Top players in the
market



The key market players
include Perkin Elmer, Medtronic, Baxter International Inc., Teledyne Dalsa
Inc., Lepu Medical Technology Becton Dickinson, Abbott Laboratories, Boston
Scientific, Cepheid, and Bluechiip, among others.



 



 



 

Mohini patil
Written by

Mohini patil

Accurize market research

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