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diagnostics, hospitals, pharmaceuticals, and in-vitro diagnostics are the four segments covered under healthcare. Safety concerns regarding viral diseases may trigger the global demand for home diagnostics. In-vitro diagnostics are anticipated to be the largest enduser, followed by pharmaceuticals and research centers.
Regions covered under the BioMEMS market are North America, Latin America, Asia Pacific, Europe, and Middle East & Africa( MEA). North America will lead the global market due to the high concentration of healthcare manufacturers in the region. Europe follows North America and stands second. Asia Pacific is expected to grow significantly during the forecast period because of favorable economic conditions.
Major players operating in the BioMEMS market are Integrated Sensing Systems, Inc.( ISSYS), Bluechiip Ltd., Given Imaging, and Cepheid Inc. Mergers & acquisitions are a common market strategy employed by players for market expansion. Japan based TDK Corporation recently acquired Tronics Microsystems. TDK Corporation has thus expanded its product portfolio. SPTS Technologies Ltd. and IMEC are jointly engaged since 2013 in the development of newer techniques for molecular diagnostics and DNA sequencing.
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