Piribo.com offers an overview of the utilization of active and passive semiconductive/MEMS electromechanical sensors for the Class II and Class III categories of medical devices in a 425 page report by titled ‘Medical Device Sensors Technologies and Global Markets.’
This report analyzes the market trends, quoting 2008 sales data, 2009 estimates, five-year market projections, and compound yearly growth rates up to 2014.
This report foresees that the business of providing chemical applications-optimized sensors to the original equipment manufacturers (OEMs) is likely to increase in excess of $8.3 billion by 2014. This increasing wave of financial success is likely to result in disproportionate distributions of the profits.
Medical devices are part of an ever-evolving and enormous industry that has now emerged an initial stage of operational rationalization. Leading device makers have introduced revolutionary initiatives for maintaining their competitive edge in anticipation of huge payment reductions due to the inevitable launch of financing for the U.S. healthcare reforms. In their spread sheets these device makers will lower the cost of goods sold (COGS) related line item entry. MEMS/semiconductor technology based sensors that can be incorporated into digital information systems easily are in a unique powerful position to leverage the new age of cost-consciousness.