Bioelectronics involves application of principles of electrical engineering to biology, medicine, behavior, or health. It helps to come up with advanced concepts, improves knowledge across molecular to organ systems, and aids in the development of innovative devices or processes. This further helps in prevention, diagnosis, and treatment of diseases resulting in better diagnosis, rehabilitation and health. Bioelectronics helps to create and evaluate new technologies which improve understanding of biological systems, increasing efficiency and effectiveness of the medical community. Bioelectronics uses a number of methods, ideas, and techniques, such as bioelectromagnetics, instrumentation, neural networks, robotics, and sensor technologies. This synergy between electronics and biology has resulted in a positive impact of electronic technologies to system, cell, and molecular biology. Experts expect the technologies to have far reaching effects such as vision restoration, reversing the effects of spinal cord injury, medical diagnoses without clinics, etc. The drivers to bio-electronics industry include the overwhelming need of the healthcare industry. These include prevention of diseases such as neural degeneration, cancer, etc., detection of diseases, personalized medical diagnostics and monitoring among others. Applications such as personalized medical diagnostics and monitoring especially present near-term application opportunities. Other drivers include implantable medical devices and prosthetics, which have seen a lot of research to develop reliable and robust implantable devices. Medical imaging either requires high-resolution imaging or portable and affordable imaging systems and these can be met with innovations from the bio-electronics industry. Capability & Market Analysis Currently Europe is making a huge impact in the industry with most of the research and innovations coming from there followed by Asia and the United States. Industry experts estimate that United States is likely to register the highest growth in terms of contribution due to the high instances of research and investment in biomedicine and semiconductors in the country. Currently, biomedical and life sciences applications have the largest market share among applications followed by environmental monitoring and remediation applications.
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