BioMEMS market set for 19% CAGR

BioMEMS market set for 19% CAGR

Market news |
By Peter Clarke

This represents a compound annual growth rate (CAGR) of about 19 percent.

MEMS being adopted and adapted for biological applications include accelerometers, pressure sensors, flow sensors, gas sensors, micropumps and more and they are being used for in-vitro diagnostics, pharmaceutical research, patient monitoring, drug delivery, and implantable devices.

BioMEMS market evolution from 2015 to 2021. Source: Yole Developpement.

According to Yole microfluidic devices will cover the largest part of the BioMEMS market in 2021 representing 86 percent of the total market. These components will enjoy a 19.2 percent CAGR over the period 2015 to 2021.

In parallel, silicon microphones and flow meters will enjoy CAGRs of 23.3 and 18.3 percent respectively. Silicon MEMS microphones will prosper because of their suitability for hearing aids (see Knowles wins as MEMS mics penetrate hearing aid market), according to Yole.

Pressure sensors, accelerometers, gyroscopes, microdispensers, temperature sensors are also used as BioMEMS but often with a lack of technical innovation and without emerging applications, Yole reckons. New applications such as ballistocardiography or fall detection have the potential to boost the market for accelerometers but are still at low volumes.

The emergence of mass-market consumer health care is likely to be inhibited by the lack of standards and data security, Yole said.

Related links and articles:

News articles:

Knowles wins as MEMS mics penetrate hearing aid market

IMEC, SPTS team on bioMEMS

Grab the medical MEMS opportunity

MEMS set to change medicine at IEDM

BioMEMS market to triple over five years

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles