BioMEMS Devices Global Market to Grow Robustly to Reach $14.4 billion by 2022, Owing to Pharma & Bio Research Applications
Industry Experts introduced the new market report on BioMEMS Devices. As per the new report titled ‘ BioMEMS Devices – A Global Market Overview ’, the Pharmaceutical & Biological Research applications of BioMEMS devices is expected to emerge the largest application segment by 2020 with US$3.7 billion surpassing the In Vitro Diagnostic applications segment which stands at US$3.5 billion in the same year. The leading application segment is further projected to grow by a 2016-2022 CAGR of 31% to touch US$6.3 billion by 2022. BioMEMS devices deployed in hospitals and healthcare facilities are primarily focused on medical screening and diagnostic applications, such as devices that measure point-of-care parameters. Wearable devices that facilitate and assure continuous monitoring without hampering a user’s freedom of movement are being bolstered through new opportunities offered by innovative sensors for human biomedical signal acquisition coupled with wireless c...