The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Technological advancements have revolutionized the healthcare industry by providing various healthcare solutions with accuracy. MEMS is defined as devices made up of miniaturized mechanical and electromechanical elements using micro fabrication techniques.
Global MEMS in Medical Application Market are driven by several factors such as an increasing interest of the population for devices that are portable & used for home-care, increasing aged population across the globe, rising technical development in the technology related to MEMS, less expenses related to MEMS technology, increasing adequacy, increasing awareness amongst the people about the MEMS related products, rising initiatives by the government and increasing use of services of health care, etc.
However factors such as lack of testing standardization and delay in FDA approvals are hindering the market growth over forecast period.