With Health Care Fast Focusing on Prevention to Address High Treatment Costs, Materials Have Emerged as Key Enablers for Advanced Diagnostics, Lux Research Says
BOSTON, MA--(Marketwired - Sep 17, 2013) - With health care costs soaring at an unsustainable rate, providers are increasingly moving into a preventive mode, with an emphasis on screening and very early diagnostics. As a result, key sensor technologies will boom, with microfluidic devices growing to a $4.5 billion market and sensing electrodes to $5 billion in 2022, according to Lux Research.
Of the microfluidics market, $1.3 billion will accrue to material suppliers for glass, polymers, and silicon. In the sensing electrodes market, material suppliers will garner $3 billion, or 60% of the total, for materials like functionalized adhesives and novel sensing elements.
"The medical device industry is responding to changing global health care demands," said Milos Todorovic, Lux Research Analyst and the lead author of the report titled, "A Materials Perspective on Medical Sensors." "Medical sensors have emerged as key enablers for the shift towards decentralized health care, creating new opportunities for material providers."
Lux Research analysts examined the drivers and barriers to growth for microfluidics-based sensors and sensing electrodes through 2022. Among their findings:
The report, titled "A Materials Perspective on Medical Sensors," is part of the Lux Research BioElectronics Intelligence service.
About Lux Research
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.
Contact Information:
Contact:
Carole Jacques
Lux Research, Inc.
617-502-5314
carole.jacques@luxresearchinc.com