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The new frontier
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25/04/2006
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Healthcare has been a sizeable silicon market for a long time, representing sales of $2billion in 2004, according to Databeans. Sales of electronics based medical equipment reached $217bn at the same time.
What is drawing companies ranging from Intel to small, highly specialised start ups into the market is that medical electronics is poised for huge growth. By 2010, says Databeans, chip sales could be $3.5bn – and that excludes IT expenditure.
The primary drivers for this growth are an unavoidable mix of economics, infrastructure and demographics. Hospitals are expensive to run, anything that reduces bed stays or out patient visits is welcome; and if you can also cut costs by delivering care remotely, better still.
Technology is therefore being brought to bear to effect root and branch reform and address the looming crisis. So how is the semiconductor business addressing the demand?
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Author
Paul Dempsey
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