The Report “Bio Electronics Market Reports By Applications (Fabrication Templates, Biochips, Implantable Devices, Prosthetic, Artificial Organs, Pills, Surgical, Biofuel Cells, Molecular Motors) Overview, Challenges, Opportunities, Segmentation, Forecast 2015-2021”
“The market for bioelectronics will be primarily driven by unprecedented advancements in other industries such as medical devices and diagnostics. The medical and biotechnology companies are investing heavily to develop and commercialize bio electronic devices market”
The Bio-electronics industry is responding to the requirements of the healthcare industry, which over the years have multiplied like never before. Some of these demands are prevention of diseases, detection of diseases, personalized medical diagnostics and monitoring among others. Bio-electronics applications include personalized medical diagnostics and monitoring; advanced techniques such as implantable medical devices and prosthetics; medical imaging etc and all of these can be met with innovations from Bio-electronics industry.
However, Bioelectronics requires immense capital investments. This cannot be possible without aid from government, academic, and companies in various related industries. In addition Bio-electronics innovations need interdisciplinary research across electrical engineering, biology, chemistry, physics, and materials science. The innovations will also require fast acceptance from the users and authorities as delays will only result in reducing the speed of new technology.
“The innovations in the industry are primarily from developed countries such as US, Japan, Europe. The real need however comes from developing countries where the condition of healthcare is extremely poor and it will be years before they can implement most of these benefits that bio-electronics can provide.”
The Bio-electronics industry innovations are primarily seen in areas such as understanding molecule/cell-electronics interfaces, understanding cellular responses to stimulation - electrical, mechanical, chemical, thermal, etc; collection and analysis of data on the state of bio-molecules and cells; monitoring the biochemistry of a single cell or a population of cells; etc. However it will be some time before this bioelectronics technical approaches are proven commercially. As many applications are still the discovery and development stage, migration to mass markets and heavy investment from the industries that will eventually benefit will take some time.
Bio-electronics caters to a number of industries and many emerging opportunities have been identified. The innovations will positively impact healthcare by way of reduction in costs. Interest from many leading information-technology (IT) companies has given the industry a much needed fillip. Many research programs involving myriad disciplines, as diverse as materials, computer science, communications, electronics, and molecular biology are underway. The exponential growth in the industry and others such as science and technology will be mutually beneficial.
The potential impact of bio-electronics can only be imagined, as indicated by the following recent occurrences in the industry.
MC10, a start-up in Cambridge, MA, is working on a technology that enables embedding of digital circuits in bendable and stretchable materials. This will allow exploration of use in entirely new form factors such as an ‘electronic skin’. The company managed to overcome the rigidity of normal electronic components by using extremely small prints and a wavy arrangement.
Management of diseases such as diabetes and asthma is difficult; however Bio-electronics has developed devices that work with nervous system. Devices carry subconscious signals from brain to control automatic functions of vital organs. These then relay status updates from the body back to the brain. Experts believe that smart devices can understand messages, detect abnormal signals and artificial impulses. For instance, airways of asthma patients can send signals through the nerve warning the brain on detecting a dust-mite allergen.
“Bio-electronics innovations set to change the face of many industries”
Bio-electronics caters to a number of industries and many emerging opportunities have been identified. The innovations will positively impact healthcare by way of reduction in costs. Interest from many leading information-technology (IT) companies has given the industry a much needed fillip. Many research programs involving myriad disciplines, as diverse as materials, computer science, communications, electronics, and molecular biology are underway. The exponential growth in the industry and others such as science and technology will be mutually beneficial.