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Healthcare Semiconductor Market Trends

Report ID: GMI7856
Published Date: Jan 2024
Report Format: PDF

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Healthcare Semiconductor Market Trends

The integration of Internet of Things (IoT) technology in healthcare, leveraging semiconductor components, is a significant trend. The integration of IoT technology involves connecting medical devices, sensors & systems to share data and insights. In healthcare, this connectivity allows for real-time monitoring of patients, efficient data exchange between devices, and improved coordination among healthcare professionals.

The emergence of digital therapeutics including semiconductor-based technologies for therapeutic interventions is gaining attention. Digital therapeutics involve the use of semiconductor-based technologies to deliver evidence-based therapeutic interventions. This includes wearable devices for chronic disease management, mobile apps for mental health treatments, and other digital tools that complement or replace traditional therapeutic methods.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for healthcare semiconductor was valued at over USD 51.2 billion in 2023 and is anticipated to observe over 9.5% CAGR between 2024 & 2032 owing to the increasing popularity of wearable devices, such as fitness trackers, smartwatches, and health monitoring wearables.

The medical imaging segment share was over 30% in 2023 and will grow through 2032 attributed to the increasing prevalence of chronic diseases and the aging population worldwide.

North America healthcare semiconductor industry share was over 35% in 2023 and will grow significantly through 2032 as the region boasts an advanced and well-established healthcare infrastructure with a high level of investment in medical facilities, research institutions & cutting-edge technologies.

ON Semiconductor, Analog Devices Inc., Texas Instruments Incorporated, NXP Semiconductors NV, STMicroelectronics, Renesas Electronics Corporation, and Vishay Intertechnology Inc.