Global MEMS For Therapeutic Market was valued at USD 7.39 Billion in 2021 and is expected to reach USD 17.07 Billion by the year 2028, at a CAGR of 12.7%. The Analysis Period 2023-2030.
The origins of MEMS technologies can be traced back to 1954 when Smith published a paper entitled "Piezoresistive effects in silicon and germanium" in the international journal "Physical Review". Since then, advancements in technologies opened doors for the development of MEMS for healthcare needs. In medicine, therapeutics is related to the care of the patient and includes preventing as well as managing disease or disease-specific problems. Microtechnology and MEMS (microelectromechanical systems) have transformed and in the upcoming future will continue to revolutionize therapeutic medicine as more technological advances are made. Many companies have launched micro-sized devices that have sensors and are utilized to monitor pressure, temperature, and oxygenation level.
Top Key Players Covered in The MEMS For Therapeutic Market
Honeywell (USA), Royal Philips (Netherlands), Texas Instruments (USA), STMicroelectronics (Netherlands), General Electric Company (USA),Debiotech (Switzerland), Agilent Technologies (USA), Omron Corporation (Japan), Silex Microsystems (Sweden), Sensera Ltd (Australia)
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For the Purpose Of This Report, Reports And Data Has Segmented The Global MEMS For Therapeutic Market On The Basis Of Type, By Source, By Product, And Region:
By Type
· Pressure
· Temperature
· Microfluidics
· Others
By Application
· Hospitals
· Home Healthcare
· Research Centers
· Others
By Region
· North America (US, Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
Covid-19 Impact Analysis On MEMS For Therapeutic Market
The outbreak of COVID-19 drastically affected the functioning of several industry verticals. The restrictions imposed on transportation created a shortage of materials required for the manufacturing of MEMS devices. COVID implications lowered R&D due to work from home that negatively affected progress for new technologies and products. In addition, a decrease in the government fundings affected the infrastructure development required for MEMS therapeutic market. Asian and European economies have suffered a major loss of business and revenue, due to the closure of manufacturing facilities in this region.
Key Questions Answered in This Report:
What would the projected growth rate be from 2023 to 2030? How big will it get in the projected amount of time?
What are the main factors that will determine the future of the MEMS for Therapeutic sector in the upcoming years?
Who are the leading competitors in the MEMS for Therapeutic, and what are their successful acquisition strategies?
What are the main trends impacting the growth of MEMS for Therapeutic in different geographical areas?
What opportunities should you take precedence?
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