Global Bio-MEMS Market to Reach $31.7 Billion by 2030
The global market for Bio-MEMS estimated at US$10.7 Billion in the year 2023, is expected to reach US$31.7 Billion by 2030, growing at a CAGR of 16.8% over the analysis period 2023-2030. Microfluidic Chips, one of the segments analyzed in the report, is expected to record a 17.2% CAGR and reach US$27.4 Billion by the end of the analysis period. Growth in the Microdispensors segment is estimated at 13.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 21.8% CAGR
The Bio-MEMS market in the U.S. is estimated at US$2.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.1 Billion by the year 2030 trailing a CAGR of 21.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.2% and 15% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.9 Billion by the year 2030.
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