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Semiconductor Demand in Medical Applications
October 18, 2017 | DatabeansEstimated reading time: 1 minute
The global opportunity in the medical electronics market continues to motivate semiconductor suppliers to bring to market products for imaging, diagnosis, therapy, and home remote monitoring. More and more, healthcare is moving into the public sector which adds to this opportunity as more people are able to access care. Technology plays an important role in providing coverage as well as managing the skyrocketing costs associated with the medical industry. Medical electronics are evolving with OEMs offering lower cost solutions that are advanced in power management, accuracy, and sensitivity. The market for semiconductors, which support these advances, is expected to reach over $5 billion this year which is a 12% increase from 2016.
By comparison, the medical electronics market is expected to increase by 8% this year. This is in line with the overall forecast for the medical semiconductor market growth without including memory. Memory is inflating market performance due to supply constraints in both the DRAM and the Flash markets. This is causing memory prices to escalate due to overall sluggish manufacturing and bit count growth. Memory does impact the vertical medical segment as many applications require both DRAM and Flash, however the revenue share of the memory segment trails others including analog and special purpose logic.
Long term, the medical semiconductor market is growing at a compound annual rate of 8% each year with stable pricing. Unit shipments are expected to increase at a compound annual growth rate of 10% per year through the forecast period of 2017 to 2022. Databeans has recently released its annual report on the global market for semiconductors used in medical applications. This study provides readers with an excellent overview of the market including forecasts by region, by application, and by product type. OEM market share is discussed along with estimates for semiconductor purchases for 2016 by each listed company. Market share for semiconductor suppliers in the medical industry is also provided.
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