The global patient monitoring semiconductors market has been forecast to increase at a high growth rate over the next few years, rising from a market value of $1.8 billion in 2011, to be worth $2.4 billion by 2015.
This will be predominantly due to the increasing number of applications in various patient monitoring devices, and the growing demand for telehealth monitoring services and wireless devices.
The evolution of medical monitoring devices is spurring on developments in the semiconductor market. Semiconductors form an essential element in many patient monitoring devices, and the pressure is on to better serve individuals with smaller, faster, and more advanced gizmos.
Patient monitoring devices can track an individual's blood pressure (BP), temperature, oxygen-saturation (SpO2), or respiration, and can also offer data conversion, processing, and controlling. Todo so, they use embedded semiconductors such as thin-film capacitors, resistors and substrate technologies, System-in-Package (SiP) integrated chip (IC) technology, as well as high-energy batteries, all of which are critically important for patient monitoring devices. The sale of semiconductors therefore increases as the demand for patient monitoring devices climbs.
The global population is aging and the prevalence of chronic diseases is growing, so the demand for healthcare services is interminably increasing. As many national healthcare programs attempt to cut expenditure, there is a growing need for reliable and cost-effective technology to provide round-the-clock observation of critically ill patients, and the use of technology could help to alleviate staffing pressures.
Over the coming years the patient monitoring semiconductors market is expected to change significantly, with developing countries in Asia-Pacific emerging as a powerful rival to the matured market of North America.
For more information on the patient monitoring semiconductors market, see the latest research: Patient Monitoring Semiconductors Market
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