Pune, India -- (SBWire) -- 05/02/2019 --Our latest research report entitled Bio-MEMS Market (by application (diagnostic, therapeutic, surgical, detection, analysis, drug delivery, and cell culture), types (vivo devices, and microcantilever sensors)) provides complete and deep insights into the market dynamics and growth of bio-mems. Latest information on market risks, industry chain structure bio-mems cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential bio-mems growth factors. According to the report, the global bio-mems market is projected to grow at a CAGR of 21.2% over the forecast period of 2018-2024.
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Bio-MEMS Market: Insights
Bio-MEMS or bio-medical micro-electro-mechanical systems improve the performance of medical devices. These miniaturized products play an important role in biological and medical applications. They are used in the biomedical transducer, microfluidics, medical implant, microsurgical tools, tissue engineering, and other profuse applications. These products improve the drug delivery system and advance the treatment for cardiac diseases. A variety of healthcare sectors such as medical devices, pharmaceutical, in-vitro diagnostics, and medical home care cause a huge demand for bio-mems. Further, bio-mems market has appeared as a division of MEMS devices for applications in biomedical research and microdevices. Moreover, it offers paramount benefits such to system manufacturers and improves medical device performance, which in turn, provides a competitive advantage to the system manufacturers.
Bio-MEMS Market: Drivers and Restraints
Growing demand for artificial limbs is a key factor driving the demand of bio-mems market. Moreover, development of patient monitoring equipment system and rising usages of bio-mems in surgical, diagnostic and therapeutic microsystems are supporting factors augment the market growth. Additionally, it improves the drug delivery system with the utilization of nanotechnology and advances the treatment for cardiac diseases, this factor positively fuels the growth for the global bio-mems market size over the upcoming years. Besides, increasing mobile care applications and growing adoption of medical instruments is also likely to contribute appreciably to the demand growth. However, on the other side, long product development cycles and high R&D costs can slow down market growth. While the alliances between pharmaceutical and engineering companies may provide opportunities for further market growth through the development of innovative products.
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Bio-MEMS Market: Regional Analysis
Geographically, the North America region provides a massive contribution to the growth of the bio-mems market. Furthermore, the Strong establishment of a government for the development of healthcare infrastructure and high acceptance towards the adoption of advanced treatment techniques are some factors boosting the demand of bio-mems market in the North America region. Further, the Asia Pacific region is expected to offer profitable opportunities in bio-mems market as governments are focusing on improving healthcare facilities in the region.
Bio-MEMS Market: Segmentation
The report on global bio-mems market covers segments such as application, and types. On the basis of application, the global bio-mems market is categorized into diagnostic, therapeutic, surgical, detection, analysis, drug delivery, and cell culture. On the basis of types, the global bio-mems market is categorized into in vivo devices and microcantilever sensors.
Bio-MEMS Market: Competitive Landscape
The report provides profiles of the companies in the global bio-mems market such as Becton, Dickinson and Company, Abbott, Boston Scientific Corporation, Medtronic, PerkinElmer Inc., Teledyne DALSA Inc., Baxter, CapitalBio Technology, lepumedical, and United Gene High-Tech Group.
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Report Findings
1. Drivers
-Growing Demand for Artificial Limbs.
-Rising Usages of Bio-MEMS in Surgical, Diagnostic and Therapeutic Microsystems.
-Growing Adoption of Medical Instruments.
2. Restraints
-Long Product Development Cycles.
-High R&D Costs.
3. Opportunities
-Alliances Between Pharmaceutical and Engineering Companies.
