Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Medical Micro-electro Mechanical Systems (MEMS) Market – Market Insights

Micro-electro mechanical systems (MEMS) is an innovative technology used to manufacture small mechanical and electro-mechanical devices that are employed in medical devices through microfabrication techniques. Basic elements of MEMS comprises miniaturized structures, actuators, sensors, and microelectronics. The MEMS technology uses concepts of biology and microelectronics to improve patient monitoring. MEMS technology helps in fast and accurate diagnosis of diseases due to microchip technology. Moreover, rising research and development in the MEMS technology has led to the development of innovative products by medical technology companies operating in the global market. For instance, in December 2019, Omron Corporation developed 2SMPB Absolute Pressure Sensor based on Omron’s MEMS technology. It is a small sensor used to measure altitude, atmospheric pressure or water depth in wearable electronics and also used in industrial and marine instruments, mobile phones, and cameras.

The global medical micro-electro mechanical systems (MEMS) market is expected to be valued at US$ 4,710.4 million in 2019 and is expected to exhibit a CAGR of 18.5% over the forecast period (2019-2027).

Figure 1. Global Medical Micro-electro Mechanical Systems (MEMS) Market Value (US$ Mn), by Region, 2019

Medical Micro-Electro Mechanical Systems (MEMS)  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2020)

Wide-scale Application of MEMS in the Healthcare Sector is expected to favor the Market Growth.

Diagnostic and therapeutic devices are the major application areas of medical MEMS systems, which is expected to propel the market growth over the forecast period. Moreover, key players operating in the global market are focusing on raising fund for new product development and expanding their product portfolio. For instance, in January 2020, Bigfoot Biomedical, Inc. announced that the company raised around US$ 45 million from Abbott and other investors for the completion of product development and it received U.S. Food and Drug Administration approval for the Bigfoot Unity diabetes management device. It is an injection-based digitized insulin dosing platform utilizing a proprietary, connected insulin pen-based system that integrates Abbott’s FreeStyle Libre glucose sensing technology.

Moreover, in July, 2017, Abbott Laboratories and Bigfoot Biomedical entered into an agreement to develop and market glucose sensing technology in the U.S.

Furthermore, increasing adoption of wearable technologies such as smart watches is the major factor that is expected to boost growth of the global micro-electro mechanical systems (MEMS) market. For instance, in September 2018, Apple launched ‘Apple Series 4 iWatch’, which is embedded with an electric heart sensor that helps in recording the ECG of a person by measuring the atrial fibrillation (Afib), a form of irregular heart rhythm.

However, high development costs of MEMS devices, stringent government regulations for product approval, and reliability issues of MEMS devices are the crucial factors that are expected to hamper growth of the global medical micro-electro mechanical systems market over the forecast period. For instance, the United States Consumer Product Safety Commission imposed regulations on the Fitbit force which was responsible for causing skin irritation to the users.

Figure 2. Global Medical Micro-electro Mechanical Systems (MEMS) Market Share (%), by Application, 2027

Medical Micro-Electro Mechanical Systems (MEMS)  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2020)

Rising demand for wearable technologies such as smart watches and the growing market for IOT devices are expected to drive the market growth over the forecast period.

The increasing sales of smartphones, widespread internet connectivity, rising demand for wearable technologies, and the growing market for IoT devices are the key factors that are expected to boost growth of the global medical micro-electromechanical systems (MEMS) market over the forecast period. For instance, according to a report by the United States National Library of Medicine, only 1.7% of wearable devices in 2016 comprised over five sensors and this figure increased to 11% in 2017. This growth rate can be attributed to the advancements in compactness of sensors.

Furthermore, increasing launches of novel devices by market players is expected to drive the market growth over the forecast period. For instance, in November 2018, L’Oreal and La Roche-Posay collaboratively launched My Skin Track UV, a Microfluidic sensor-based wearable skin and sun safety sensor to help women and men to track their personalized exposure to UV, pollution, pollen, and humidity.

Key Players

Major players operating in the global medical micro-electromechanical systems (MEMS) market include Honeywell Sensing and Control, Abbott Laboratories, Flexpoint Sensor Systems, Analog Device Inc., GE measurement and control solutions, Omron Corporation, Integrated Sensing Systems, MemsTech Bhd., and Agilent Technologies.

The medical micro electro-mechanical systems (MEMS) improves the efficiency of medical devices, primarily used in patient monitoring. It helps improve the treatment of cardiac diseases and the efficiency of drug delivery systems. The medical MEMS market has gained traction due to application of the systems in in-vitro diagnostics, medical devices, pharmaceutical, and other allied sectors. The onset of nanotechnology and MEMS have led to the development of numerous applications such as biochips, polymerase chain reaction, electroporation, ELISA, electrophoresis, micro-machined scanning tunneling microscopes, and micro systems for drug screening and selection.

Market Dynamics

The growing shift of patients to portable devices for home care coupled with rising expenditure on MEMS technology, and extensive research and development for development of novel MEMS systems are the key factors that are expected to drive the market growth over the forecast period. For instance, in December 2018, researchers from National Institute of Science, Japan developed MEMS sensor chip equipped with ultra-high quality diamond cantilevers, which is used in gas sensors, mass analyzers, and scanning microscope probes.

Key features of the study:

  • This report provides in-depth analysis of the global medical micro electro-mechanical systems (MEMS) market and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global medical micro electro-mechanical systems (MEMS) market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Honeywell Sensing and Control, Abbott Laboratories, Flexpoint Sensor Systems, Analog Device Inc., GE measurement and control solutions, Omron Corporation, Integrated Sensing Systems, MemsTech Bhd., and Agilent Technologies
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology upgradation, market expansion, and marketing tactics
  • The global medical micro electro-mechanical systems (MEMS) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical micro electro-mechanical systems (MEMS) market

Detailed Segmentation:

  • Global Medical Micro Electro-mechanical Systems (MEMS) Market, By Sensor Type:
    • Pressure Sensors
    • Microfluidic Device Sensors
    • Accelerometers
    • Gyroscopes
    • Optical Sensors
    • Microphones
    • Others
  • Global Medical Micro Electro-mechanical Systems (MEMS) Market, By Application:
    • Monitoring and Diagnostic Devices
    • Surgical Devices
    • Therapeutic Devices
  • Global Medical Micro Electro-mechanical Systems (MEMS) Market, By End User:
    • Hospitals and Clinics
    • Research Institutions
    • Biotechnology Companies
  • Global Medical Micro Electro-mechanical Systems (MEMS) Market, By Region:
    • North America
      • By Sensor Type:
        • Pressure Sensors
        • Microfluidic Device Sensors
        • Accelerometers
        • Gyroscopes
        • Optical Sensors
        • Microphones
        • Others
      • By Application:
        • Monitoring and Diagnostic Devices
        • Surgical Devices
        • Therapeutic Devices
      • By End User:
        • Hospitals and Clinics
        • Research Institutions
        • Biotechnology Companies
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Sensor Type:
        • Pressure Sensors
        • Microfluidic Device Sensors
        • Accelerometers
        • Gyroscopes
        • Optical Sensors
        • Microphones
        • Others
      • By Application:
        • Monitoring and Diagnostic Devices
        • Surgical Devices
        • Therapeutic Devices
      • By End User:
        • Hospitals and Clinics
        • Research Institutions
        • Biotechnology Companies
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Sensor Type:
        • Pressure Sensors
        • Microfluidic Device Sensors
        • Accelerometers
        • Gyroscopes
        • Optical Sensors
        • Microphones
        • Others
      • By Application:
        • Monitoring and Diagnostic Devices
        • Surgical Devices
        • Therapeutic Devices
      • By End User:
        • Hospitals and Clinics
        • Research Institutions
        • Biotechnology Companies
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Sensor Type:
        • Pressure Sensors
        • Microfluidic Device Sensors
        • Accelerometers
        • Gyroscopes
        • Optical Sensors
        • Microphones
        • Others
      • By Application:
        • Monitoring and Diagnostic Devices
        • Surgical Devices
        • Therapeutic Devices
      • By End User:
        • Hospitals and Clinics
        • Research Institutions
        • Biotechnology Companies
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Sensor Type:
        • Pressure Sensors
        • Microfluidic Device Sensors
        • Accelerometers
        • Gyroscopes
        • Optical Sensors
        • Microphones
        • Others
      • By Application:
        • Monitoring and Diagnostic Devices
        • Surgical Devices
        • Therapeutic Devices
      • By End User:
        • Hospitals and Clinics
        • Research Institutions
        • Biotechnology Companies
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Sensor Type:
        • Pressure Sensors
        • Microfluidic Device Sensors
        • Accelerometers
        • Gyroscopes
        • Optical Sensors
        • Microphones
        • Others
      • By Application:
        • Monitoring and Diagnostic Devices
        • Surgical Devices
        • Therapeutic Devices
      • By End User:
        • Hospitals and Clinics
        • Research Institutions
        • Biotechnology Companies
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Honeywell Sensing and Control *
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • Abbott Laboratories
    • Flexpoint Sensor Systems
    • Analog Device Inc.
    • GE measurement and control solutions
    • Omron Corporation
    • Integrated Sensing Systems
    • MemsTech Bhd.
    • Agilent Technologies

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Sensor Type
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Regulatory Scenario
    • Reimbursement Scenario
    • Merger and Acquisition Scenario
    • PEST Analysis
    • Epidemiology
  4. Global Medical Micro-electromechanical Systems Market, By Sensor Type, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Pressure Sensors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Microfluidic Device Sensors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Accelerometers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Gyroscopes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Optical Sensors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Microphones
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Medical Micro-electromechanical Systems Market, By Application, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Monitoring and Diagnostic Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Surgical Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Therapeutic Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Medical Micro-electromechanical Systems Market, By End User, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals and Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Research Institutions
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Biotechnology Companies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Medical Micro-electromechanical Systems Market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2027
    • North America
      • Market Size and Forecast, By Sensor Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Sensor Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Sensor Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Sensor Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Sensor Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Sensor Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • Honeywell Sensing and Control
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Abbott Laboratories
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Flexpoint Sensor Systems
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Analog Device Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • GE measurement and control solutions
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Omron Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Integrated Sensing Systems
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • MemsTech Bhd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Agilent Technologies
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse 36 market data tables and 30 figures on "Medical Micro-electromechanical Systems (MEMS) Market” - Global forecast to 2027.

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