The global smart medical devices market size was USD 28.80 Billion in 2022 and is expected to register a revenue CAGR of 8.4% during the forecast period. Convergence of technological advancements, healthcare needs, and pursuit of enhanced care are major factors driving market revenue growth.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key companies operating in the Smart Medical Devices market include:
Dexcom Inc., Fitbit Inc., Apple Inc., Abbott Laboratories, F. Hoffmann-La Roche Ltd., Zephyr Technology Corporation, Everist Genomics, Sotera Wireless, NeuroMetrix Inc., Medtronic plc
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Smart Medical Devices market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Smart Medical Devices Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Smart Medical Devices Market Segmentation:
Product Outlook (Revenue, USD Billion; 2019-2032)
- Diagnostic and Monitoring Devices
- Therapeutic Devices
Application Outlook (Revenue, USD Billion; 2019-2032)
- Blood glucose monitoring
- Cardiovascular
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)
- Pharmacies
- Online Channel
Smart Medical Devices Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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