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Medical Device Sensors Market to Grow Over $8.3 Billion by 2014 Says New Report - Piribo.com, the online destination for Pharma intelligence, has added a new report
Medical Device Sensors Market to Grow Over $8.3 Billion by 2014 Says New Report

 

NewswireToday - /newswire/ - London, United Kingdom, 2010/03/30 - Piribo.com, the online destination for Pharma intelligence, has added a new report.

   
 
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The report “Medical Device Sensors Technologies and Global Markets” available at provides an overview of the use of passive and active electromechanical and semiconductive/MEMS sensors in Class II and Class III medical devices. Analysing market trends, citing sales data for 2008, estimates for 2009, and 5-year projections, with compound annual growth rates to 2014.

Medical devices represent an enormous, ever-evolving industry that has recently entered an initial phase of operational rationalisation. Anticipating major reductions in payments as the result of what appears to be the inevitable introduction of reforming U.S. health care financing, major device manufacturers have announced sweeping efforts to maintain their competitive edge by reducing the cost of goods sold (COGS) line item on their spreadsheets. Semiconductor/MEMS technology sensors that are most easily integrated into digital information systems are in a particularly strong position to benefit from this new era of cost-consciousness.

The 425 page report anticipates that the business of supplying original equipment manufacturers (OEMs) of medical devices with sensors optimised for clinical applications will grow to more than $8.3 billion by 2014. This rising tide of good financial fortune, however, can lead to an unequal distribution of its benefits.

Piribo (piribo.com) is the source for information products concerning the global biotechnology and pharmaceutical industries. Here you can browse and buy thousands of business information studies, market reports and books. Piribo has ongoing relationships with leading market research and publishing companies, so we can offer you a current and comprehensive range of specialised intelligence.

 
 
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Medical Device Sensors Market to Grow Over $8.3 Billion by 2014 Says New Report

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