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Global Bio-MEMS Market to Reach $18.8 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Bio-MEMS estimated at US$6 Billion in the year 2020, is projected to reach a revised size of US$18.8 Billion by 2027, growing at a CAGR of 17.6% over the analysis period 2020-2027. Microfluidic Chips, one of the segments analyzed in the report, is projected to record a 18.1% CAGR and reach US$16.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Microdispensors segment is readjusted to a revised 14.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 22.3% CAGR
The Bio-MEMS market in the U.S. is estimated at US$1.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2027 trailing a CAGR of 22.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.7% and 16.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.7 Billion by the year 2027.


Gyroscopes Segment to Record 7.3% CAGR
In the global Gyroscopes segment, USA, Canada, Japan, China and Europe will drive the 7.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$42.6 Million in the year 2020 will reach a projected size of US$67.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 8.8% CAGR through the analysis period.