USA: Databeans projects that total medical semiconductor revenue will reach just over $3 billion in 2010. This is an increase of 20 percent compared to 2009 where sales were down by 7 percent. The diagnostic and therapy application areas are driving growth with the majority of revenue contributed by this segment, as well as the highest growth rate.
The home market segment volume is a direct result of growing consumer awareness of health and wellness products and the availability of these at more retail outlets. With increasing technology in the medical market so to comes the ability to treat and monitor conditions at home.
Products such as blood pressure monitors, heart rate monitors and glucose meters are becoming more prevalent in the home. Because of this the home medical segment is slated to grow by 9 percent over the next five years.
Advancements in the medical field are not limited to the home market however. The clinical and imaging market segments have also seen solid growth. These two segments make up close to 75 percent of the total medical market and also have seen technological advancements including smaller and more portable medical electronics such as portable ultrasound devices and digital electrocardiographs.
With these advancements and improvements in all three segments, the total medical semiconductor market will see a growth of 10 percent over the next five years.
Worldwide Medical Semiconductor Revenue Forecast by Product TypeDatabeans Estimates, June 2010.