Microelectromechanical Systems (MEMS) Drive Innovation in Medical Devices: Market Poised to Reach $7.2 Billion by 2028 [Yahoo! Finance]
IDEX Corporation (IEX)
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Source: Yahoo! Finance
BOSTON March 22, 2024 /PRNewswire/ -- Microelectromechanical Systems (MEMS) are minuscule devices that integrate mechanical and electrical components on a microscale. In the context of global medical markets, MEMS play a crucial role in advancing healthcare technology. They are used in various medical applications such as diagnostics, monitoring, drug delivery systems, and surgical tools. MEMS enable precise and efficient solutions for medical challenges, contributing to the enhancement of patient care and treatment outcomes on a global scale. "According to the latest research study, the demand for Microelectromechanical Systems (MEMS) in Global Medical Markets expected to grow from $4.8 billion in 2023 and projected to reach $7.2 billion by 2028 at a compound annual growth rate (CAGR) of 8.5% from 2023 through 2028." This report gives an overview of the global market for MEMS medical devices, covering data from 2020 to projections for 2028. It examines market trends, drivers, re
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- IDEX Corporation (NYSE:IEX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
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