Medical Micro-Electromechanical Systems Market – By Sensor Type (Pressure Sensors, Microfluidic Device Sensors, Accelerometers, Gyroscopes, Optical Sensors, Microphones), By Application (Monitoring and Diagnostic Devices, Surgical Devices, and Therapeutic Devices), By End User (Hospitals, Research Institutions, and Biotechnology Companies) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Medical Micro-Electromechanical Systems Market held USD 5572.4 million in 2020 and is to grow with a CAGR of 18.3% from 2020-2030. The MEMS industry is expected to gain significant recognition as the electronics industry shifts its focus from old sensors to MEMS technology. Micro-Electro Mechanical Systems (MEMS) is an innovative technology used to make small mechanical and electromechanical devices used in medical devices through micro fabrication techniques. The basic components of MEMS include miniaturized structures, actuators, sensors and microelectronics. MEMS technology uses biology and microelectronics concepts to improve patient monitoring. MEMS technology helps diagnose diseases quickly and accurately due to microchip technology. For example, in December 2019, Omron Corporation established the full 2SMPB pressure sensor based on MEMS technology. It is a minor sensor used to measure height, atmospheric pressure, or water depth in portable electronic devices and is used in industrial and marine equipment, mobile phones, and cameras.

Market Dynamics and Factors:

Medical micro-electromechanical systems market is expected to gain significant recognition as the electronics industry is changing. It focuses on MEMS technology of conventional sensors. The explosive development of the Internet of Things is bound to increase demand for MEMS devices in places such as tracking systems, and building automation. In addition, the growing research and development of MEMS technology has led to the development of innovative products by medical technology companies operating in the global market.

Market Segmentation:

Based on the type, the global medical micro-electromechanical systems market size is segmented into Sensor Type. These are further segmented into accelerometers, optical sensors, pressure sensors, microfluidic device sensors, gyroscopes, microphones, and others. Based on Application, the medical micro-electromechanical systems market trends includes monitoring and diagnostic devices, surgical devices, and therapeutic devices. On the basis of end user, market segmentation includes hospitals, research institutions, and biotechnology companies. Geographical breakdown and analysis of each of the aforementioned segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

Technological advancements such as sensor fusion are expected to lead the medical micro-electromechanical systems market growth in the next seven years. However, the high development costs of MEMS devices, strict U.S. government regulations for manufacturing approvals, and reliability issues with MEMS devices are the decisive factors that are expected to hinder the growth of the global market for medical microelectromechanical systems during the forecast period. For example, the United States Consumer Product Safety Commission regulated the Fitbit Force that were responsible for causing skin irritation for users.

The next few years will see a huge increase in Asia Pacific due to the miniaturization trend in electronics industry and increased communication capabilities in the cars. Sales of tablets, smartphones and other mobile devices will enhance medical micro-electromechanical systems market demand,

Competitive Scenario:

Global medical micro-electromechanical systems market share, is highly competitive, consists of minimal players which capture major chunk of global market. Key players enhancing the global medical micro-electromechanical systems market size include Analog Device Inc., Abbott Laboratories, Honeywell Sensing and Control, GE measurement and control solutions, Flexpoint Sensor Systems, Integrated Sensing Systems, Omron Corporation, MemsTech Bhd., and Agilent Technologies.

Medical Micro-Electromechanical Systems Market Report Scope