Bio-MEMS Devices Market by Product and Geographic Landscape - Forecast and Analysis 2021-2025

The bio-mems devices market share is expected to increase by USD 4.97 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 16.96%.

This bio-mems devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers bio-mems devices market segmentations by product (implantable, injectables, and others) and geography (North America, Europe, Asia, and ROW). The bio-mems devices market report also offers information on several market vendors, including Amphenol Corp., Becton, Dickinson and Co., Bluechiip Ltd., Danaher Corp., Debiotech SA, Integrated Sensing Systems Inc., Koninklijke Philips NV, Medtronic Plc, PerkinElmer Inc., and Texas Instruments Inc. among others.

What will the Bio-MEMS Devices Market Size be During the Forecast Period?

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Bio-MEMS Devises Market: Key Drivers, Trends, and Challenges

The growth in the number of minimum invasive surgeries is notably driving the bio-mems devices market growth, although factors such as the high overall cost of production may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the bio-mems devices market. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Bio-MEMS Devices Market Driver

Growth in the number of minimum invasive surgeries is a major driver fueling the bio-mems devices market growth. An MIS is a safe, feasible, and patient-friendly method to perform an operation. The various medical procedures are performed via small cuts or incisions. Through these incisions, endoscopes are inserted to operate from within the body cavity. Some of the major benefits and features of MIS include improved cosmetic results, reduced pain during operations, and faster recovery rates after operations. As minimally invasive procedures advance, there is an increase in the demand for smaller and smarter tools and devices. This increase in demand for such devices will compel manufacturers to focus on implementing and adopting modern technologies and ideas for MIS applications; one of the key technologies that are being used is bio-MEMS. This technology can be used to design medical tools that are at a micron or nano-level. These tools can be used to provide individualized treatment for specific targets, reducing the chances of the ineffectiveness of the surgical procedure.

Key Bio-MEMS Devices Market Trend

Integrating nanotechnology with Bio-MEMS is a major trend influencing the bio-mems devices market growth. Nanotechnology is defined as the science of building devices at an atomic or nano-level. In the medical and agriculture industry, nanotechnology can be used for Molecular and cell biology, Nanobiotechnology, and Nano bioprocessing. The main reason for integrating nanotechnology with Bio-MEMS is that it allows a better understanding of biological mechanisms at a cellular level. Bio-NEMS have several features such as low power consumption and lower production costs due to their relatively small size. Bio-NEMS have a small size, usually less than 100nm in diameter, but have a large surface area. This makes them useful for devices such as accelerometers, drug delivery systems, energy harvesters, and gyroscopes. Although bio-NEMS are still in the research phase and have only been manufactured in low volumes, these components will change the medical and healthcare industry once they have been designed and manufactured in large volumes. Nanotechnology with Bio-MEMS will allow researchers to understand the nature of cellular interactions at a molecular level. Some potential future applications would be hybridized microarrays and nanopore sensors, which will have effective applications in understanding DNA sequencing and single-molecule sensing.

Key Bio-MEMS Devices Market Challenge

The high overall cost of production is a major hindrance to the bio-mems devices market growth. The need for smaller Bio-MEMS has become an absolute necessity but integrating these Bio-MEMS with features such as a power-efficient performance at lower production costs has become a challenging task for vendors. One of the biggest technical challenges that a vendor faces during the manufacturing of Bio-MEMS is the packaging process. bio-MEMS packaging is highly challenging as compared with IC packaging due to the extensive diversity of devices. These devices need to be in contact with the environment (which is mainly of a chemical nature), as well as be protected from the environment simultaneously. To overcome this, vendors need to focus on developing a specialized package, which is required to allow the device to meet the application requirements. However, specialized packaging will make the packaging activity one of the most expensive and time-consuming tasks during the Bio-MEMS manufacturing process. Hence, there has been a transition from wire-bonding to stacked die and 3D packaging techniques. The high cost of Bio-MEMS further becomes a major challenge to the market. Such issues inhibit the growth of the global bio-MEMS market.

This bio-mems devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global biomedical microelectromechanical systems (Bio-MEMS) devices market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the bio-mems devices market during the forecast period.

Who are the Major Bio-MEMS Devices Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Amphenol Corp.
• Becton, Dickinson and Co.
• Bluechiip Ltd.
• Danaher Corp.
• Debiotech SA
• Integrated Sensing Systems Inc.
• Koninklijke Philips NV
• Medtronic Plc
• PerkinElmer Inc.
• Texas Instruments Inc.

 

This statistical study of the bio-mems devices market encompasses successful business strategies deployed by the key vendors. The bio-mems devices market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The bio-mems devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Bio-MEMS Devices Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the bio-mems devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of healthcare equipment market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Bio-MEMS Devices Market?

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35% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the Bio-MEMS devices market in North America. Market growth in this region will be slower than the growth of the market in other regions.

The increasing expenditure on healthcare by the US government will facilitate the Bio-MEMS devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The spread of the COVID-19 pandemic led to a surge in demand for bio-MEMS devices in many North American countries, including the US, Canada, and Mexico, in 2020. This was also attributed to the increased demand for medical data analysis among COVID-19 patients from the healthcare facilities. Hence, the pandemic will have a positive impact on the market in focus during the rest of the forecast period. Nevertheless, the demand for bio-MEMS devices is likely to reduce after the pandemic is over due to a lack of urgent requirements for bio-MEMS devices, and the market is expected to grow moderately during the forecast period.

What are the Revenue-generating Product Segments in the Bio-MEMS Devices Market?

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The bio-mems devices market share growth the injectables segment will be significant during the forecast period. The injectables segment of the market will see substantial growth due to a number of driving factors in its favor. One of the most important reasons for growth is the increased use of micro modules and microneedles for therapeutic drug delivery. Another key driver for the growth of this segment is the increasing focus on developing microneedle patches. The main benefit of using patches is reduced pain (or even no pain). Such a plaster can be used to deliver drugs after monitoring the blood. The growth of the injectables segment will further augment the Bio-MEMS devices market growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the bio-mems devices market size and actionable market insights on post COVID-19 impact on each segment.

 

Bio-MEMS Devices Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 16.96%
Market growth 2021-2025	$ 4.97 billion
Market structure	Fragmented
YoY growth (%)	8.92
Regional analysis	North America, Europe, Asia, and ROW
Performing market contribution	North America at 35%
Key consumer countries	US, Germany, Canada, UK, and China
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Amphenol Corp., Becton, Dickinson and Co., Bluechiip Ltd., Danaher Corp., Debiotech SA, Integrated Sensing Systems Inc., Koninklijke Philips NV, Medtronic Plc, PerkinElmer Inc., and Texas Instruments Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Bio-MEMS Devices Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive bio-mems devices market growth during the next five years
• Precise estimation of the bio-mems devices market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the bio-mems devices market across North America, Europe, Asia, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of bio-mems devices market vendors

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