Semiconductor in Healthcare Market - Growth, Trends, COVID-19 Impact, and ForecaPosted by Statzy Market Research on April 9th, 2021 The collaboration and integration of semiconductor electronics with medical/healthcare applications are proliferating, focusing on patient centricity. Conventional techniques of diagnosis and resultant therapies are becoming less invasive and more effective. Intelligent, connected portable devices keep patients out of hospitals and monitored in the comfort of their own homes (telemonitoring). Semiconductor technology has an essential role in these innovations. - The upcoming trend of patient care is moving away from hospitals and clinics and into homes. As home care can help enhance efficiency and lower costs incurred by doctors, the healthcare providers and hospitals are using this. This process can be accelerated by portable medical electronics technology. Some of the components used in portable home-based and consumer medical devices are Bio-sensors or bio transducers, Power management: system power control, and power sequencing. Microcontrollers, all of which extensively use semiconductors. - Also, the increasing number of people suffering from diabetes is significantly supporting the growth of semiconductors in healthcare. According to the World Health Organization (WHO), around 422 million people have diabetes worldwide, and the number is increasing, leading to an increase in the sales of a glucometer. The demand for digital and electronic devices in the healthcare sector has been a huge factor that has impacted and supported market growth. For instance, In February 2020, UNC School of Medicine and MIT developed a smart insulin-delivery patch that could one day monitor and manage glucose levels in diabetics and deliver the necessary insulin dosage. - Further, the growing aging population, as a result of increased life expectancy rates across regions, creates a scope for medical device manufacturers. The advent of novel products, due to advancements in biopharmaceutical and biology, supported by the requirements for better compliance, is expected to further drive the growth of the market. - Additionally, The spread of COVID-19 has helped in aiding market growth. This is because of the increased use of infrared thermometer and oximeters, which are non-invasive methods for monitoring temperature and oxygen saturation levels. Countries like India have made it mandatory to COVID-19 cases in home isolation to record their oxygen saturation levels daily with pulse oximeters. The cost of oximeters has also seen a rapid decline in the country, leading to market growth. Free Sample report for this report is available :- https://www.statzyreports.com/report/sr497234/semiconductor-in-healthcare-marke
- Scientists at the Khalifa University Semiconductor Research Center are putting the finishing touches to a device they hope will predict a heart attack hours, or even days before it happens. It is a wearable bracelet, powered by body heat and constantly monitor irregular heart patterns in patients who have had an attack before. The device consists of a sensor, processor, and wireless chip that transmits data to a mobile phone or healthcare provider. With the increasing connected wearable devices across the globe, the market is further expected to grow. - Over the forecast period, web-integrated wireless devices are also expected to witness a rise in the use to manage doctor-patient interactions, and digital diagnostic tools might enable remote examinations, which is also expected to aid the integration of semiconductors in the healthcare industry. - The prevalence of diabetes in China has increased drastically over the past few decades. According to Diabetes UK, The number of people with diabetes in China is estimated to be 1 in 10 out of Chinese adults. This is causing an increase in sales of glucometer and other glucose monitoring devices. Moreover, China's State Council' 2014 "National Integrated Circuit Industry Development Guidelines" set the goal of becoming a global leader in all segments of the semiconductor industry by 2030. Besides, the Made in China 2025 initiative maintains achieving the knowledge with regards to advanced semiconductor manufacturing as a vital component of China's future economy and society - South Korea is one of the major investors, consumers, and innovators in the market studied. South Korea's strong presence in the semiconductor industry and medical device manufacturing is helping the country strengthen its presence in the global healthcare semiconductor market. The government is also playing a significant role in developing the domestic market, mainly to drive its economy. For instance, the South Korean government has long encouraged investment in its digital healthcare industry to tackle the rising medical costs and ensure the sustainability of world-class advanced healthcare. The country's medical industry is already witnessing the massive adoption of AI technologies, helping them in combating COVID-19 cases. - The country is utilizing AI in its pharmaceutical industry, which is further expected to expand the market studied growth. According to government data, the Korean market for AI-driven drug development is expected to grow by 40% annually to reach USD 3.9 billion in 2024.
- May 2019 - Analog Devices Inc. announced a new electrochemical and impedance measurement front end. It enables the next generation of vital sign monitoring devices and intelligent electrochemical sensors. The AD5940 analog front end incorporates both potentiostat and electrochemical impedance spectroscopy (EIS) functionality on a single chip, allowing for sensor measurement in both time and frequency domains. For sample report please visit : https://www.statzyreports.com/report/sr497234/semiconductor-in-healthcare-market
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