TechNavio recognizes the following companies as the key players in the Global MEMS Technology Market in the Healthcare Industry: STMicroelectronics N.V., GE Measurement and Control Solutions, Dover Corp., and Agilent Technologies Inc.
Commenting on the report, an analyst from TechNavio’s Hardware team said:”The miniaturization of medical electronic devices is an emerging trend in the Global MEMS Technology market in the Healthcare industry. Technological advancements have led to the miniaturization of electronic devices which in turn have led to the demand for more compact and flexible MEMS-based healthcare devices. These MEMS devices are available in various sizes and are robust along with having low power consumption. Because of these advantages, medical electronic device manufacturers have been increasingly adopting MEMS in their respective products, and as a result of miniaturization of various products, MEMS will continue to witness a huge demand during the forecast period.”
According to the report, one of the major growth drivers is the growing need for increased operating speed in medical devices. MEMS devices are equipped with advanced technologies and hence are ultra-efficient. Most MEMS devices used in the Healthcare industry are almost 50 percent faster than traditional medical devices. Thus, these modern devices facilitate early detection and quick diagnosis of patients.
Further, the report states that the major challenge for the market is the stringent regulatory rules which need to be followed during the development process of MEMS devices for the Healthcare industry. They need to undergo a long process of development which is very critical and laborious as it has to satisfy all the requirements of the human body before usage.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Bosch Group., Freescale Semiconductor, Infineon Technologies AG., and Texas Instruments.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-mems-technology-market-healthcar…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research Report-Global MEMS Technology Market in the Healthcare Industry 2012-2016
