Global Smart Medical Devices Market, By Product (Diagnostics and Monitoring Devices and Therapeutic Device), Distribution (Pharmacies, Online Channel and Others), End-User (Hospitals, Clinics, Home Care and Others), Type (On-body (adhesive patch), Off-Body (Belt Clip), Hand Held), Technology (Spring-Based, Motor-Driven, Rotary Pump, Expanding Battery, Pressurized Gas and Others), Application (Oncology, Diabetes, Auto-Immune Disorders, Infection Diseases and Others) Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights : Global Smart Medical Devices Market
Smart medical devices market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 21.37 billion by 2027 growing at a CAGR of 21.50% in the above-mentioned forecast period. Increasing awareness and focus on health and growing demand for home healthcare are the factors driving the growth of the market. Smart medical devices are the electrical devices used to monitor a range of health and fitness parameters of patients on the daily basis.
Rising health concerns globally, increasing expenditure on healthcare, increasing prevalence of chronic diseases and rising demand for wearable devices are driving the growth of the market. Companies such as Fitbit, Inc. Apple, Inc, have been launching innovative product will also contribute in the growth of the market. Rise in the adoption of smartphones, and demand for wireless and smartphones compatible medical devices, are driving the growth of the market. Development of smart medical devices such as continuous glucose monitor and smart sensing wearable devices to monitor patients suffering from diseases is also a growth factor for the growth of the market will create growth opportunities for smart medical devices in the forecast period of 2020-2027.
Inaccuracy of device monitoring medical parameters and difference between displayed and actual results will act as a restrain, and further challenge the growth of the smart medical devices in the forecast period mentioned above.
This smart medical devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research smart medical devices contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Smart Medical Devices Market Scope and Size
Smart medical devices market is segmented on the basis of product, distribution, end-user, type, technology and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the smart medical devices market is segmented into diagnostics and monitoring devices and therapeutic device.
- On the basis of distribution, the smart medical devices market is segmented into pharmacies, online channel and others.
- On the basis of end-user, the smart medical devices market is segmented into hospitals, clinics, home care and others.
- On the basis of type, the smart medical devices market is segmented into on-body (adhesive patch), off- body (belt clip), hand held.
- On the basis of technology, the smart medical devices market is segmented into spring-based, motor-driven, rotary pump, expanding battery, pressurized gas and others.
- Based on application, the smart medical devices market is segmented into oncology, diabetes, auto-immune disorders, infection diseases and others.
Smart Medical Devices Market Country Level Analysis
Smart medical devices market is analysed and market size insights and trends are provided by country, product, distribution, end-user, type, technology and application as referenced above.
The countries covered in the smart medical devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is dominating the smart medical devices market in terms of revenue, owing to early adoption of new technology and improved healthcare infrastructure across the region.
The country section of the smart medical devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Smart medical devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for smart medical devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the smart medical devices market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Smart Medical Devices Market Share Analysis
Smart medical devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related smart medical devices market.
The major players covered in the smart medical devices market report are Apple, Inc, Abbott, Fitbit, Inc, F.Hoffmann-La Roche Ltd, Medtronic, Dexcom, Inc, NeuroMetrix,Inc, Johnson & Johnson Services, Inc, SmartBear, Sonova, CeQur SA, West Pharmaceutical Services, Inc, Enable Injections, Insulet Corporation, Debiotech S.A, among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Global Smart Medical Devices Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.