No matter how much forecast we talk about, medical electronic will take place in our houses sooner or later. GE&intel teamed up about it, philips, samsung are in game, even gossips about sony. For routine tests, check outs, we already have lots of equipment on the market for clinics. Just some guys should came up with solution for implementation and descending problems. Oh medical MEMS should also grow inline which is on process. At finland many hospitals have home care system which is having all medical checks, monitoring done by remote systems, connected with application running on smart phones of D.s. Doctors can check-out, give advice 7/24 even there is setting for emergency cases to get alert by the system which is done only with defining thresholds values of patient. People are living happily with tiny gadgets around in very confortable space of their own home. isnt it great to have?
i am really looking forward isscc for initiative.
I think the whole point of medical electronics is to lower the healthcare costs. If you can proactively monitor your health then the overall medical expenses will be much lower due to fast response. Ofcourse its not easy to convince people to pay and may be difficult to convince the insurance companies to reimburse.
What is included in the 8 percent? It seems like the home health industry could really grow to support more home testing and monitoring to reduce the number of in house visits required. I thought it was being positioned as one of the fasting growing segments.
Do you have any pointers to the forecasts in the segment?
Rick, I am not surpised at 8%, the market growth is limited by budgetary constraints in healthcare...plus this market segment has really long cycle to final sale, as long as 10-years can happen with FDA and other regulatory approvals...in a consumer space it can be as short as 1-year, and this is where the next semi driven needs to come from not from medical, no matter how cool some technologies might look like...Kris
Medical does seem to be the next growth engine for semiconductors. I don't know how much of it is new inventions versus the next generation of existing devices. I would hope that there would be some effort to reduce the cost of the devices to help with the cost of medical care, but I doubt their is much emphasis in that direction.
Sure, medical devices are hot but how much business is really there? I know everyone in the world can use an electronic gadget to monitor their health, have an implant or deliver some medications in-situ...but how is going to pay for all that technology??? healthcare is already taking the largest share of the GDP...are people willing to pay for these devices from their own pocket? Kris
Recently there is lot of focus on the medical electronics. This conference is giving a big seat again. I think the industry leaders like medtronic, ge will take the opprtunity to address the challenges of technology changes for medical device designs. Particularly the medical products require relaible, long life technologies. Now a days the medical diagnostics are changing dramtically with the entry of wireless technologies. The medical industry leaders might request the semiconductor industry to listen to their needs and provide stable and advanced solutions for long term.