Press Releases
 
Market for MEMS in Medical Applications to Reach US$6.5 bn by 2019

, 21 January 2019 -- Market for MEMS in Medical Applications to Reach US$6.5 bn by 2019, Rising Preference for Home-Based Healthcare to Drive Growth

The research report, titled “MEMS In Medical Applications Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” states that the global MEMS In medical applications market stood at US$1.8 bn in 2012.

A research study on the global market for MEMS in medical applications, recently published by Transparency Market Research (TMR), estimates this market to register an exceptional CAGR of 20.20% during the period from 2013 to 2019 and attain a market value of US$6.5 bn by the end of the forecast period.

According to the study, the rising preference of home-based healthcare over hospitals has stimulated the demand for MEMS in medical application significantly over the past few years. The escalating demand for precision, as well as miniaturization of medical devices, and the increasing need for lab automation are also propelling the market for MEMS in medical applications across the world.

In this report, the worldwide market for MEMS in medical applications has been studied on the basis of application, sensor, end user, and region. As per the study, therapeutic devices are likely to emerge as the biggest application area of MEMS in the medical and healthcare sector over the forecast period due to the extensive utilization of intrathecal pumps and insulin delivery pumps.

Based on the type of sensor, the pressure sensors segment led the overall market with a total value of US$486 mn in 2012. Analysts at TMR expect this segment to post an impressive growth at a CAGR of 18.70% during the forecast period.Home-based healthcare, hospitals, and healthcare research organizations are the prime end users of MEMS in medical applications, states the study.

Get Brochure For More Industry Insights@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1528

The research report regionally segments the global market for MEMS in medical applications into North America, Asia Pacific, Europe, and the Rest of the World. North America dominated the global market in 2012 with an overall value of US$800 mn.

Asia Pacific, on the other hand, is projected to witness the highest CAGR of more than 20.0% during the forecast period. The increasing pool of diabetic patients, coupled with the rising disposable income of people in this region and their changing lifestyle, is the key factor, expected to drive the Asia Pacific market for MEMS in medical applications in the coming years.

# # #


Submitted by K Singha on Monday, 21 January 2019 at 7:24 PM
Category: Science & Research
 
Related News

Recycled Construction Aggregates Market: Adoption Remains Robust in Construction of Roads & Bridges
Wednesday, 17 Jul 2019

Industrial Insulation Market worth $3.3 billion by 2024 - Exclusive Report by MarketsandMarkets͐
Monday, 15 Jul 2019

Azelis opens Specialty Agri/Horti application laboratory in China
Friday, 5 Jul 2019

Global Zeolite Market Report, Industry Overview, Growth Rate and Forecast 2024
Thursday, 4 Jul 2019

Calcium Chloride Market Report, Industry Overview, Growth Rate and Forecast 2024
Thursday, 27 Jun 2019

Related Events

20th International Union for Quaternary Research Congress (INQUA 2019)
Thursday, 25 Jul 2019

Latest News

Global TFT LCD Panel Market Estimated to Exceed US$ 208.6 Billion Globally By 2024: IMARC Group
Thursday, 18 Jul 2019

North America CLT Market to Reach a Value of Nearly US$ 171 Million by 2024
Thursday, 18 Jul 2019

Oral Anti-diabetes Drugs Market Future Opportunities 2025
Thursday, 18 Jul 2019

Blood Plasma Derivatives Market Research and Analyzed Report for 2017 - 2025
Thursday, 18 Jul 2019

Immunotherapy Drugs Market Growth and Sales Forecast 2016 - 2024
Thursday, 18 Jul 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Thursday, 18 July 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • 7th Annual PREDiCT: Tumor Models Boston
  • WSAVA Congress & the Canadian Veterinary Medical Association Convention
  • 4th annual IMPACCT: mHealth in Clinical Trials
  • Unbound London 2019
  • Neurology in Clinical Practice 2019

  • Latest Jobs
    Sorry, there are currently no entries posted here.