Semiconductors in Healthcare Market Size

The global semiconductors in healthcare market size was valued at $8.26 billion in 2024 and is projected to reach $15.97 billion by 2030, growing at a CAGR of 11.6% during the forecast period.

Semiconductors in Healthcare Market Overview 

Semiconductors in healthcare refer to the utilization of semiconductor technology in various medical applications, encompassing diagnostic tools, imaging devices, and therapeutic equipment. These tiny, electronic components play a crucial role in enhancing the efficiency, precision, and functionality of medical devices. Semiconductor-based sensors enable the measurement of vital signs, such as heart rate and blood glucose levels, facilitating real-time monitoring of patients' health conditions. Moreover, semiconductors power advanced imaging techniques like MRI and CT scans, offering detailed insights into internal body structures with exceptional clarity. Additionally, semiconductor lasers are instrumental in medical procedures like laser surgery and skin treatments. Through continuous innovation and integration into medical devices, semiconductor technology continues to revolutionize healthcare, contributing to improved diagnosis, treatment, and patient care. 

Semiconductors in Healthcare Market Dynamics 

• The semiconductors in healthcare market is expected to witness significant growth in the future due to the increasing of connected devices in medicines, development in diagnostic and treatment modalities, and increasing telehealth industry.

• Additionally, increasing demand from radiology & diagnostics and rising focus on personalized medicine are the prominent factors driving the growth of the market.

• However, expensive cost of technologies in healthcare centers and stringent regulatory requirements restraining the market growth.

• On the contrary, technological advancements in integrating AI & machine learning and expansion of wearable medical devices are creating opportunities for market growth.

By Component, Optoelectronics Segment held the larger market share, and it would continue on this path during the forecast period

The optoelectronics segment has dominated the market share and is poised to maintain its position in the semiconductors in healthcare market during the forecast period owing to rising inclination for optical coherence tomography (OCT) and photoacoustic imaging. These advanced technologies enable the generation of high-resolution images depicting tissues and structures within the body, facilitating accurate disease identification and diagnosis. Optoelectronic semiconductors play a pivotal role in various medical imaging techniques. Furthermore, optoelectronic-based healthcare applications offer non-invasive alternatives that ease patient discomfort and mitigate risks associated with traditional invasive procedures, thereby enhancing overall patient care and treatment outcomes.

By Geography, Asia-Pacific Dominates by Being the Largest Market for Semiconductors in Healthcare 

The Asia-Pacific emerges as the primary market leader during the forecast period due to increased investment in research and innovation centers, coupled with government initiatives aimed at promoting the IT and healthcare equipment and devices market. Moreover, Asia-Pacific stands as the world's largest semiconductor market, with significant contributions from countries such as China, Japan, India, Taiwan, South Korea, and Singapore, further bolstering growth prospects in the healthcare segment. In Japan, notable investments in healthcare underscore a commitment to fostering advanced businesses and achieving sustainable growth. The healthcare business, in particular, is positioned to become the primary revenue and operating income segment, laying a solid foundation for sustainable growth and expansion.

Key Target Audience: 

• Semiconductor Manufacturers

• Medical Device Manufacturers

• Healthcare Providers

• Governments and Regulatory Bodies

List of the Key Players Profiled in the Report Includes:

• Texas Instruments Incorporated 

• Analog Devices Inc. 

• ON Semiconductor Corporation 

• Maxim Integrated Products Inc. 

• NXP Semiconductors NV 

• STMicroelectronics 

• Broadcom Inc. 

• Vishay Intertechnology Inc. 

• Renesas Electronics Corporation 

• ams Osram

Recent Developments: 

• In January 2024, ams OSRAM and Movano Health have collaborated to integrate ams OSRAM's PPG sensor solution into the Evie Ring, a smart ring tailored for women by Movano Health. This collaboration aims to prioritize top-tier data accuracy in consumer health devices. The Evie Ring, designed with a female-centric approach, offers personalized solutions, delivering medical-grade measurements of vital signs for instant insights into overall health. Recognized as a 2024 CES Innovation Award Honoree in the Wearables category, the Evie Ring exemplifies innovation at the intersection of technology and health.

Market Segmentation: 

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Component: 

• Integrated Circuits

• Sensors

• Discrete Components

• Optoelectronics

Market by, Application: 

• Medical Imaging

• Clinical, Diagnostic, and Therapies

• Other Applications

Market by, Geography: 

The semiconductors in healthcare market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis

• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis

• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis

• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis

• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

Scope of the Report:

The report oGlobal Semiconductors in Healthcare Market: Industry Analysis, Opportunities and Forecast up to 2030o by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.

• Analysis of the market structure by identifying various segments and sub-segments of the market.

• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.

• Understand major player profiles in the market and analyze their business strategies.

• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.