Panasonic hopes to enter the micro electro mechanical systems (MEMS) market by developing and commercializing MEMS sensors and devices from this year.
The company is hoping to make components that can be used in blood pressure sensors, micro-pumps that measure blood flow, bio-sensors that track changes in temperature and enzymes.
The MEMS market is not new for Panasonic as it is already manufacturing MEMS parts for mobile phones, and related consumer products besides some parts for its medical MEMS business. The Panasonic Electronic Devices Co has a production base in Fukui Prefecture where it is hoping to expand the scale of operations.
As per the French marketing research firm Yole Development the medical MEMS parts market will be tripling to $4.15 billion by 2015. The United States research firm HIS iSuppli Corp the market for MEMS parts shows a worldwide growth. The global market for MEMS is likely to be valued at $ 10.8 billion by 2014. This indicated a 53% rise in the market from 2010. No wonder Panasonic thinks it’s the right time to ramp up its production.