In a recent published report, Kenneth Research has updated the market report for Bio-MEMS Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
According to the statistics by the Organization for Economic Co-operation and Development (OECD), the United States recorded to be the largest exporters of international trade in services amongst all the OECD nations with a value worth USD 827 billion in the year 2018.
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Global Bio-MEMS Market is forecasted to reach $3,702 million by 2024; growing at a CAGR of 20.9% from 2016 to 2024. Bio-MEMS or bio-medical micro electro mechanical systems increase the performance of medical devices, which are used for patient monitoring. It improves the cure of cardiac diseases and also advances the drug delivery system. Pharmaceutical, medical home care, medical devices, and in-vitro diagnostics pose a significant demand of Bio-MEMS devices. Development of patient monitoring equipment system and increase in demand of artificial limbs are the major factors driving the global Bio-MEMS market. Additionally, low cost, high efficacy, and growing ageing population has also fuelled the market growth. However, stringent regulatory guidelines may hinder the growth of the market. Emergence of personalized medicines would provide several growth opportunities for the market in the coming years
The global Bio-MEMS market has been segmented into components, and application. By components, the global Bio-MEMS market is further bifurcated into accelerometers, gyroscopes, and others. By application, the market is segmented as bionics, ENT implants, neural implants, cardiological implants, and others.
Geographically, the market has been categorised into North America, Europe, Asia-Pacific and Rest of the world (RoW). Based on geography, the global Bio-MEMS market has been 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, Middle East and Africa.
Major companies operating in this market are Abbott Laboratories, Becton Dickinson, Boston Scientific, Medtronic, Perkin Elmer, Teledyne Dalsa Inc., Baxter International Inc., Cepheid, Bluechiip, and Lepu Medical Technology, among others.
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The key takeaways from the report:
The report will provide detailed analysis of Bio-MEMS Market with respect to major segments such as component, and application. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities is included in the report. An exhaustive regional analysis of Bio-MEMS Market will be provided in the report.
Profile of the key players in the Bio-MEMS Market will be provided, which include key financials, product & services, new developments and business strategies.
Scope of Bio-MEMS Market
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