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Wireless portable medical device IC market to hit $3.6B in 2019

Posted: 19 May 2015 ?? ?Print Version ?Bookmark and Share

Keywords:MicroMarket Monitor? wireless portable medical device? WPMD? PMIC? logic?

The global ICs market in wireless portable medical devices (WPMDs) approached $1,886.4 million in 2014 and is forecast to hit $3,555.8 million by 2019, at a CAGR of 13.5 per cent from 2014 to 2019, according to the latest report from MicroMarket Monitor.

The global ICs market in WPMDs has been segmented and forecast on the basis of type, application and geography. The type segments of this market include power IC (PMIC), driver IC and logic IC. The global market has been further segmented and forecast based on applications such as ECG/EKG monitor, heart rate monitor, pedometer/activity tracker, blood glucose monitor, blood pressure monitor and digital thermometer, among others. The value of the PMIC segment in 2014 was $877 million, while the logic IC segment accounted for a market share of 28.4 per cent in 2014.

Asia-Pacific, North America, Europe and rest of the world are the four main geographies considered for the market analysis. As of the present, North America is considered to be the largest market for ICs in WPMDs, mainly owing to the large demand from the ECG/EKG monitor and heart rate monitor application segments. The North American market was valued at $697.1 million in 2014 and is expected to grow at a CAGR of 12.5 per cent from 2014 to 2019.

The reasons behind the growth of ICs in WPMDs, globally, are the increasing population and growing lifestyle diseases, which are also leading to the increase in demand for personalisation of WPMDs. The global IC market in WPMDs is projected to reach a market value of $3,555.8 million by 2019.

The major companies operating in the global IC market in WPMDs include Analog Devices, Texas Instruments, STMicroelectronics, Freescale Semiconductor Inc. and ON Semiconductor, among others.

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