Global Semiconductor in Healthcare Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report - Segmented By Component, Application and Region - Industry Forecast (2023 to 2028)

Updated On: January, 2024
ID: 11703
Pages: 190

Global Semiconductor in Healthcare Market Size (2023 to 2028)

The size of the global semiconductor in healthcare market is forecasted to grow at a CAGR of 11.4% from 2023 to 2028.

Healthcare institutions have been integrating technology to make medical treatment more sophisticated, dependable, and accurate over the past few years. Semiconductor technology is an example of successful medical development and application. Many devices used in healthcare, including sensors and motion micro-electromechanical systems, communications integrated circuits (ICs), microcontrollers, and memory power management devices, rely on semiconductor manufacturing technology. These technologies are used in various applications, including clinical diagnostics and therapy, medical imaging, and portable and home healthcare.

Before the start of semiconductor usage in healthcare, breakthroughs like magnetic resonance imaging, blood pressure monitors, pacemakers, and various applications such as clinical diagnostics and home-based healthcare were already accessible. This technological advancement allowed a more precise, integrated, and reliable approach to diagnosis and therapy. In addition, semiconductors are also utilized in cardiac operations, implanted medical devices, audiology emphasis areas, pedometers, fall detections, and endoscopes, significantly impacting the healthcare sector.


Increasing remote patient monitoring primarily drives the semiconductor in the healthcare market worldwide.

The use of semiconductors in healthcare has increased due to remote patient monitoring. Semiconductor technology helps keep patients out of hospitals by allowing them to be monitored from the comfort of their own homes using sophisticated, linked portable gadgets. With a growing number of connected devices, sensors and other wireless technologies are increasingly employed for remote patient monitoring. Patient monitoring is made more accessible because of wireless technology and the advancement of semiconductor technology devices such as mobile cardiac monitors, mobile insulin pumps, and ECG equipment. In addition to pulse oximetry, wearable temperature patches are a growing trend in patient temperature-monitoring applications that expand semiconductors in healthcare. Memory, displays, processors, sensors, and networking solutions are semiconductor components and embedded systems used in wearable medical devices. They enable medical professionals to give elderly patients preventative remote monitoring for chronic illness management and overall well-being. As a result, semiconductor demand is rising across the board in the healthcare industry.

The rising use of ultrasound devices further drives the global semiconductor in the healthcare market.

The growing usage of ultrasound equipment encourages the employment of semiconductors in the healthcare market. For imaging and diagnostic sonography, ultrasound instruments are used in medicine to view subcutaneous body structures such as joints, muscles, and other soft tissues. From June 2019 to May 2020, 40.4 million imaging tests were recorded in England. Diagnostic ultrasonography accounted for 0.42 million of these procedures. Ultrasounds can identify problems in the heart, blood arteries, liver, gallbladder, spleen, pancreas, kidneys, bladder, uterus, ovaries, eyes, thyroid, and testicles, among other things. Ultrasonic technology is also being utilized more often in surgery to perform USIs (ultrasonic surgical instruments). USI may be used to cut the bone and other tissue for various reasons while also preventing bleeding by coagulating the tissue, resulting in a dual optimum situation. Therefore, the need for semiconductors in healthcare is rising as ultrasonic technology develops.


However, the expensive cost of technologies may limit semiconductors' expansion in the healthcare sector. Semiconductor has shown their value in every sector of the healthcare industry. However, the cost of these devices is more than that of other techniques, which may limit semiconductors used in the healthcare sector.

Impact of COVID-19 on the global semiconductor in healthcare market:

The COVID-19 epidemic underlined the need to define and describe information and communication technologies (ICT) components like semiconductors as "essential infrastructure." The continuing COVID-19 has resulted in travel restrictions, country-wide shutdowns, supply chain disruptions, shattered corporate confidence, and widespread panic among the public. This condition makes semiconductors and other ICT components more useful. Likewise, due to the high number of people being compelled to stay at home, the healthcare sector is shifting its focus from clinical settings to the house. Consequently, telemedicine is becoming more popular in this pandemic circumstance. Patients increasingly use video conferencing on their smartphones and tablets to reduce in-person appointments to physicians' offices, clinics, and hospitals by communicating directly with healthcare staff via their linked devices. Furthermore, physicians are increasingly prescribing smart medical monitoring devices to their patients. Patients increasingly acquire medical equipment for home usages, such as blood pressure monitors, blood glucose meters, and insulin pumps.

Due to Wi-Fi and Bluetooth technologies, doctors may also check patient data supplied in real-time from smart medical devices more readily and often than in the past. These medical devices allow doctors to monitor patients' health remotely and provide therapy. This information also aids in the preservation of essential hospital beds for people who genuinely require inpatient care. As a result, only severe coronavirus-infected individuals are admitted to hospitals, easing the strain on hospitals. Semiconductors are also attracting interest in the Internet of Things. This technology aids the facilities in preventing the extent of COVID-19 and treating affected individuals. For example, Kinsa Health has created daily maps using data from more than one million linked thermometers to indicate which U.S. areas are seeing higher occurrences of high fevers. These data points can provide valuable real-time disease surveillance and act as early warning indicators for potential disease hotspots.

Due to digitization and automation, semiconductors are also gaining traction in the industry. For example, in Wuhan, where Huawei installed a specialist hospital in three days, 5G-enabled robot-assisted doctors take care of patients, reducing the number of medical staff needed to spend with infected patients; the technology has already enabled connectivity for critical resources to fight the pandemic. Additionally, the growing use of infrared thermometers and oximeters, non-invasive techniques for measuring temperature and oxygen saturation levels, has aided the spread of COVID-19.




Market Size Available

2022 to 2028

Base Year


Forecast Period

2023 to 2028

Segments Covered

By Component, Application, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa


This research report on the global semiconductor in healthcare market has been segmented and sub-segmented based on the component, application, and region.

Semiconductor in Healthcare Market – By Component:

  • Integrated Circuits
  • Optoelectronics
  • Sensors
  • Discrete Components

Based on the component, the sensors segment is expected to hold the largest share of the global semiconductor in healthcare market during the forecast period. Remote patient monitoring, analysis, and virtual service delivery, among others, employ sensor-based technology. In addition, the growing use of wireless connectivity and cloud-based storage in the healthcare sector is also driving the market for the sensor segment. On the other hand, the integrated circuits segment is projected to show the highest CAGR during the analysis period. Increased use of integrated circuit devices such as hemodynamic monitors, oximeters, and implantable devices is expected to drive the growth of this segment.

Semiconductor in Healthcare Market – By Application:

  • Portable and Telehealth Monitoring
  • Consumer Medical Electronics
  • Medical Imaging
  • Clinical, Diagnostics, and Therapy

Based on application, the consumer medical electronics segment is expected to hold a significant share in the global semiconductor in health market during the forecast period. This growth can be attributed to the growing adoption of IoT-based smart medical devices and the increasing use of wearable devices.

Semiconductor in Healthcare Market – By Region:

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Chile
    • Rest of Latin America
  • The Middle East and Africa

Based on region, North America is expected to have a dominant share in revenue contribution in the global semiconductor in healthcare market during the forecast period. The North American market is anticipated to register a CAGR of 10.79% from 2022 to 2027. This regional market growth can be attributed to the availability of high-tech healthcare devices, a large patient population, and favorable reimbursement policies.

The Asia-Pacific market is expected to be the most promising regional market due to the growing number of patients with chronic diseases and increasing healthcare expenses. For example, according to Diabetes UK, the number of people with diabetes in China is estimated at 1 in 10 Chinese adults. The Chinese region also holds a market for low-priced raw materials and skilled labor for product development. According to government data, Korea's AI-drug development market is expected to grow 41% annually to reach USD 4 billion in 2025.


Some of the notable companies operating in the global semiconductor healthcare market are Texas Instruments, Analog Device Inc., ON Semiconductor, AMS AG, Broadcom, Vishay, Maxim, NXP Semiconductors, Medtronic Inc., STMicroelectronics, Abbott Laboratories, Omron Healthcare Inc., Electronics Corporation, Intel Corporation, Spacelabs Healthcare, Roche Diagnostic Limited, GE Healthcare, Phillips Healthcare, and others.

These players focus on strategies such as product launches, mergers, acquisitions, and partnerships.


  • In July 2020, Analog Devices, Inc. and Maxim Integrated Products, Inc. announced a formal agreement for ADI to acquire Maxim. The acquisition, unanimously authorized by both companies' Boards of Directors, would improve ADI's position as an analog semiconductor leader by expanding its breadth and scale across various appealing end markets.
  • In 2020, the NXP Semiconductors released Wireless Microcontrollers (MCUs), which provide ultra-low power for thread Zigbee 3.0. with built-in NFC.
  • In 2018, the S3 Semiconductor group began customizing its products to create a better product portfolio.
  • In 2019, Analog Devices Inc. announced a new interface for impedance and electrochemical measurement. This latest device used the next generation of smart electrochemical sensors and vital signs (biological and chemical sensing). The company’s latest innovation has potentiostat and electrochemical impedance spectroscopy on a chip.

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Frequently Asked Questions

Which region is anticipated to grow the fastest in the global semiconductor in healthcare market?

The APAC regional market is forecasted to showcase the fastest CAGR in the global market in the coming years. On the other hand, North America and European markets are anticipated to be promising markets for semiconductors in the healthcare industry.

Which are the companies playing a key role in the semiconductor in healthcare market?

Texas Instruments, Analog Device Inc., ON Semiconductor, AMS AG, Broadcom, Vishay, Maxim, NXP Semiconductors, Medtronic Inc., STMicroelectronics, Abbott Laboratories, Omron Healthcare Inc., Electronics Corporation, Intel Corporation, Spacelabs Healthcare, Roche Diagnostic Limited, GE Healthcare and Phillips Healthcare are a few of the notable players in the semiconductor in healthcare market.

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