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MEMS Devices Shape Medical Industry, Microsystem Devices to Reach $6.6 billion in 2018
Date:2/11/2013

their existing resources to some extent. Moreover, a diverse set of devices catering to the needs of different stakeholders encourages new entrants into sectors of their choice to complement or suit their capabilities and potentials.

Integrated devices and advancements in inertial sensors, such as products for human motion analysis, are meeting the needs of the modernized healthcare delivery model, especially for the elderly patient sector, by adding the element of prevention. An example of product innovation is microneedles for drug delivery, which is gaining popularity by offering a pain-free and enhanced, accurate method of drug delivery. Similarly, the diagnostic devices have significantly reduced the sample testing time from hours to a few minutes, thus significantly adding value to the healthcare delivery model from different perspectives such as time efficiency, convenience, patient satisfaction, and ease of operations.

Microfluidic/lab on chip (LOC) is considered a revolutionary technology for the life sciences and healthcare industry. This technology enables the integration of assay operations, such as sample pretreatment and sample preparation, on a single chip. This is radically changing the pharmaceutical and life-sciences research sector by changing the way procedures, such as DNA analysis and proteomics, are conducted.

The microfluidic/lab on chip (LOC) segment is expected to rise to 72% of the market share of MEMS devices by 2017. Major growth drivers of this sector are research tools, which are expected to achieve significant growth of CAGR 28.8% from 2012 to 2017. A surge from 2012 to 2017 in research applications, such as proteomics, genomics, and cellular analysis, is also expected to boost this sector.

In terms of applications, the macro segments of the market include pharmaceutical and life-sciences research, in vitro diagnostics, home healthcare, and medical devices. Among all of these applications, research i
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SOURCE Global Information, Inc.
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