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MEMS in Medical Applications Market is Expected to Reach USD 6.5 Billion Globally in 2019: Transparency Market Research
Date:8/28/2013

NEW YORK, August 28, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research "MEMS in Medical Applications Market (Applications - Diagnostic, Monitoring, Therapeutic & Surgical, Sensor types - Pressure, Temperature, Microfluidics, Accelerometers, Flow and End Users - Home healthcare, Hospitals and Healthcare Research) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global MEMS medical applications market was valued at USD 1.8 billion in 2012 and is expected to grow at a CAGR of 20.2% from 2013 to 2019, to reach an estimated value of USD 6.5 billion in 2019.

Browse the full report at http://www.transparencymarketresearch.com/mems-medical-applications.html

Micro-Electro-Mechanical Systems, MEMS is defined as devices made up of miniaturized mechanical and electromechanical elements using micro fabrication techniques. MEMS comprises of miniaturized structures such as sensors, actuators and microelectronics. The prime elements are micro sensors and micro actuators. These are also called as transducers which help in conversion of one form of the energy into another. Technological advances have led to development of a synergistic relation between the unrelated fields such as biology and microelectronics. Moreover, increased preferences of patients towards home healthcare monitoring to reduce the hospitals costs have consequently triggered the use of MEMS technology. Demand for miniaturized and portable devices from physicians has coerced the medical manufacturers to embed MEMS sensors in their devices. MEMS technology also helps in providing rapid and accurate diagnosis of diseases.

In addition, personalized medicine and implantable sensors, though in their nascent stage, have opened new avenues for MEMS manufacturing compan
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SOURCE Transparency Market Research
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