Arthur Hanson
Well-known member
Speakers | Medical MEMS and Sensors 2014
With the world's population getting larger, older and wealthier, the next mega market will be for medical semis/mems. The above link gives just a glimpse of what is to come. Most companies in semis/mems and medical device companies have projects well under way or planned. The phone will provide the display, camera and processing power. This will bring a significant amount of medical directly to the consumer in the form slide, sticks and wearable devices. Many of these will be paid for by the insurance companies or required for coverage at reduced rates. Looking at the amount of money spent directly and indirectly by consumers on medical versus their phone bill and it's well within reason this could be the next large market for semis/mems throughout every level of medical. The uses and changes this will bring to medical of all types will only be limited by the imagination. Coupled with 3D bio printing and the market will be even larger. For reference, the size of the US medical market is 3 trillion plus and the world market 7 trillion plus.
With the world's population getting larger, older and wealthier, the next mega market will be for medical semis/mems. The above link gives just a glimpse of what is to come. Most companies in semis/mems and medical device companies have projects well under way or planned. The phone will provide the display, camera and processing power. This will bring a significant amount of medical directly to the consumer in the form slide, sticks and wearable devices. Many of these will be paid for by the insurance companies or required for coverage at reduced rates. Looking at the amount of money spent directly and indirectly by consumers on medical versus their phone bill and it's well within reason this could be the next large market for semis/mems throughout every level of medical. The uses and changes this will bring to medical of all types will only be limited by the imagination. Coupled with 3D bio printing and the market will be even larger. For reference, the size of the US medical market is 3 trillion plus and the world market 7 trillion plus.
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