Biosensors: Enormous Opportunity & Big Challenges
ABSTRACT
Biosensors have been instrumental in the advancement of point-of-care diagnostics, changing the way we detect and monitor conditions like diabetes, cancer, cardiovascular disease, and infectious disease.
Biosensors now represent a massive market opportunity for the MEMS and sensors industry.
According to IDTechEx, the market for point-of-care (POC) biosensors alone may reach $29.5B by 2032. Spurred initially by demand for COVID POC testing, the industry is now gearing up to use POC testing for a wide range of infections, which could improve access to care for people all around the world.
Personalized medicine and drug delivery systems also represent new opportunities for these versatile sensors. Emerging applications include the development and monitoring of targeted chemotherapy and immunotherapy.
Given the rich set of opportunities for biosensors, what do MEMS and sensors innovators need to know before approaching this market? The technology and product development cycle can be much longer than other types of MEMS and sensors. Will investors come on board for the long haul? And what effects might biosensors have on the healthcare system itself?
Biosensors present enormous opportunities and a unique set of challenges for our industry. It’s important that we develop a strategy that helps foster the cross-disciplinary collaboration needed to accelerate commercialization.
BIOGRAPHY
Jessica Gomez has a passion for the microelectronics industry. Its products, its people, and the countless ways in which microelectronic devices improve our daily lives. For the first decade of her career, Jessica honed her skills and industry expertise in semiconductor processing and product management. Since 2003 when she founded Rogue Valley Microdevice, she has focused her passion on helping technologists realize their vision through the fabrication of MEMS devices. As founder and CEO, Jessica determines strategy and long-term planning, and leads the executive team. And as such, she’s developed relationships with visionary companies in automotive, biomedical, agriculture, military/aerospace, and industrial markets.
Jessica is deeply engaged in the global microelectronics industry. She is a member of the SEMI Board of Industry Leaders, and is a much sought-after speaker who has presented at conferences throughout the U.S., Europe and Asia.
Jessica is committed to corporate-community partnerships that advance both STEM education and economic opportunities that improve the quality of life for the people of Oregon. She is chairman of the board for the Rogue Workforce Partnership, a member of the board of the Oregon Business Council, and a member of the board of trustees of Oregon Institute of Technology.