Global Bio-MEMS Market Report, published by Variant Market Research, forecast that the global market was valued at $813 million in 2016 and expected to reach $3,702 million by 2024; growing at a CAGR of 20.9% from 2016 to 2024. In geographical segments, North America and Asia Pacific anticipated to grow at a fastest CAGR of 21.7% and 21.2%, respectively, over the forecast period 2016 – 2024.
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Increasing ageing population will drive the global bio MEMS market
Major driving factors of global Bio-MEMS market include growing demand for artificial limbs, advancement of patient monitoring equipment system, and increasing ageing population. Though, stringent rules and regulations by government may hamper the market growth. However, emergence of personalized medicines improvement would provide growth opportunities for the market during the forecast period 2016 - 2024.
Market Segmentations
The global Bio-MEMS market has been bifurcated into components, application, and geography. The components segment of bio MEMS sensor comprises gyroscopes, accelerometers, and others. Application segment of bioMEMS devices includes neural implants, bionics, ENT implants, cardiological implants, and others. North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major regions of global Bio-MEMS market.
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Accelerometers will dominated the market with highest CAGR
Accelerometers are anticipated to grow at the fastest CAGR during the forecast period. The other components segment accounted for the largest market share in 2016, and is expected to maintain its leading position during the forecast period 2016-2024.
North America held the highest market share
North America accounted for the major market share in 2016, driven by high acceptance of superior treatment techniques in the region. North America is anticipated to grow at a fastest CAGR over the forecast period 2016-2024, owing to improved government’s consciousness about development of healthcare facilities in the region.
Competitive Landscape
The major key players operating in the market comprises Abbott Laboratories, Perkin Elmer, Becton Dickinson, Teledyne Dalsa Inc., Boston Scientific, Medtronic, Baxter International Inc., Cepheid, Bluechiip, and Lepu Medical Technology among others.
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Scope of Bio-MEMS Market
Component Segments
• Gyroscopes
• Accelerometers
• Others
Application Segments
• Neural Implants
• Bionics
• ENT Implants
• Cardiological implants
• Others
Geographical Segments
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o United Kingdom
o Spain
o Others
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa


About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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