The analysts forecast global bio-mems devices market to grow at a CAGR of 20.10% during the period 2018-2022. One trend in the market is integrating nanotechnology with Bio-MEMS.
Nanotechnology is defined as the science of building devices at an atomic or nano-level. The main reason or integrating nanotechnology with Bio-MEMS is that it allows a better understanding of biological mechanisms at a cellular level.
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Major key players in the global bio-mems devices market: ALL SENSORS, Bluechiip, Cepheid, Debiotech, and Integrated Sensing Systems.
According to the bio-mems devices market report, one driver in the market is growing geriatric population. The geriatric population is growing faster than any other age group in just about every country across the world.
A pronounced rise in the aging population can be seen in countries such as Japan, Italy, Greece, Germany, and several others.
Further, the bio-mems devices market report states that one challenge in the market is high overall cost of production. As Bio-MEMS are manufactured at a micron level, there are several technical challenges that are faced by their manufacturers.
The need for smaller Bio-MEMS has become an absolute necessity but integrating these Bio-MEMS with features such a power-efficient performance at lower production costs has become a challenging task for vendors.
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Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?