PUBLISHER: BCC Research | PRODUCT CODE: 1427003
PUBLISHER: BCC Research | PRODUCT CODE: 1427003
The global market for microelectromechanical systems (MEMS) devices in medical applications is estimated to increase from $4.8 billion in 2023 to reach $7.2 billion by 2028, at a compound annual growth rate (CAGR) of 8.5% from 2023 through 2028.
North American market for MEMS devices in medical applications is estimated to increase from $1.8 billion in 2023 to reach $2.7 billion by 2028, at a CAGR of 8.7% from 2023 through 2028.
The European market for MEMS devices in medical applications is estimated to increase from $1.4 billion in 2023 to reach nearly $2.0 billion by 2028, at a CAGR of 7.7% from 2023 through 2028.
The current version provides an overview of the global market for MEMS medical devices. This report analyzes the market trends associated with MEMS devices using data from 2020, 2021, the base year data for 2022, estimated from 2023, with projections of compound annual growth rates (CAGRs) through 2028. The report will analyze the current market drivers, restraints, and opportunities, as well as market projections for 2028.
The products covered in this report include sensors (pressure, inertial, optical, magnetic, temperature and other sensors), drug delivery systems (inhalers/nebulizers, microneedles and micropumps), and microfluidic and lab-on-a-chip devices (clinical in vitro diagnostic, point-of-care, medical research, and analytical devices). Applications covered include in vitro diagnostics, medical devices, pharmaceutical and life sciences research, and home healthcare. The market has been segmented into four regions: North America, Europe, Asia-Pacific, and Rest of the World (RoW). For market estimates, 2022 serves as the base year; forecasts are given for 2023 through 2028.