Bio-MEMS Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Bio-MEMS market is expected to register a CAGR of 16.5% in the forecast period (2021 - 2026). Bio-MEMS is nothing but a subset of MEMS and microtechnology, particularly the usage of MEMS sensors for the biological systems and in general to human health. From the last three years, technology giants like Google, AWS, and Apple among others are investing into research and development in the healthcare domain for developing painless healthcare diagnostic systems, due to which, the application of Bio-MEMS are expected to grow further in the near future.
Key HighlightsThe Bio-MEMS market is said to be a consolidated market with very few companies offering specific Bio-MEMS products. But, as many technology companies are investing in costly projects towards its research and development, its applications are expected to increase further and new mobile healthcare device to be launched in the recent future which will lead to more demand and entries of vendors offering these products.
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