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Currently, manufacturers are focusing on developing new technologically advanced products that enables patient monitoring at ease. Incorporation of semiconductors in healthcare applications enablesmanufacturingof diagnostic and therapeutic devices that are small, portable and self-care. Factors such as increasing usage of remote patient monitoring devices and rising incidences of non-communicable diseases (cardiovascular disease, diabetes) will enhance the market growth.
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Increasing uptake of wireless technology coupled with rise in development of semiconductor technology based devices such as mobile cardiac monitors, mobile insulin pumps, and ECG machines also drives the demand for semiconductors in healthcare applications market. In addition, rise in incidence of hypertension, diabetes and demand of self-care monitoring devices may accentuate the market of semiconductors in healthcare applications.However, high cost value of these devices may restrain the growth of this market.
The global market for semiconductors in healthcare applications is categorized based on the following:
By Use
Portable Telehealth Monitoring
Blood Pressure Monitors
Temperature Meters
Consumer Medical Electronics
Heart Rate Monitors
Medical Imaging
Infusion Pumps
Clinical Diagnostic and Therapy Devices
Magnetic resonance imaging
Endoscopes
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By Types of Semiconductors
Electronic Chemical and Materials
Thin Coated Film
High Sensitivity Electrical Potential Sensor
Contact Mode (measure bio-electric signals like ECG, EEG and EMG)
Non-Contact Mode (measure disruption in electrical field caused by human body movement)
Proximity Sensing
Movement Sensing
Geographically, North America and Europe dominate the market for semiconductors in healthcare application. Growth of this market in these regions is driven by increase in healthcare standards due to integration of wireless technology and encouraging insurance policies and favorable reimbursementscenario. Also India, South East Asia and China are the emerging markets for application of semiconductors in healthcare due to improvement in healthcare infrastructure and high prevalence of cardiac diseases in these regions.
Various key players contributing to the global market for semiconductors in healthcare applications comprises GE Healthcare, Phillips Healthcare, Texas Instruments, Roche Diagnostic Limited, Medtronic, Inc., Spacelabs Healthcare, Abbott Laboratories and Omron Healthcare, Inc.