Hi-Tech Medical Devices Market (By Product: Smart Phones, Tablets, Smart Watches, Fitness Trackers, Virtual Reality Sets, Others; By Site: Handheld, Headband, Strap, Clip, Bracelet, Shoe Sensors, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Published | Pages : 160

Introduction

The global Hi-tech medical devices market size estimated to reach around USD 198.4 billion by 2026, this market is anticipated to grow with 30.4% CAGR during the forecast time period. Worker health programs alongside upgraded exactness, style, and toughness of gadgets are among the essential development stimulants for the market.

Market Dynamics

Augmented value addition to personal healthcare via improvised software, hardware, and IoT (Internet of Things), and improved aesthetics employee & accuracy and wellness programs, is one of the important trends fuelling Hi-tech medical devices market growth.
Robust, strong and precise information catching capacity of hi-tech medical devices is anticipated to keep their need high all through during the forthcoming years. Upgrades in batteries, for example, improvement of adaptable, thin, and circulatory batteries can be a gigantic impetus for the development of smart clothing.

Market Insights

Rising combination of technologies such as virtual reality, augmented reality, artificial intelligence, and IoT to improve health care facilities, patient monitoring systems and others experience is one of the main trends rising market growth. These progressive healthcare device and equipment technologies allow better patient management service. Hi-tech medical device producers have sufficient of chances in the field of remote patient checking, elderly care and chronic disease management. Every one of these verticals are required to prosper as the total populace ages and the U.S. health care system progressively moves from an expense for-results based model to an esteem based model with a more prominent accentuation on proactive and deterrent consideration.

Integration of hi-tech medical devices with IoT is probably going to work for the market. For instance, a fitness tracker may consequently turn on climate control system when it detects that the individual has finished a run or show an alarm on fridge, when an individual has not consumed enough calories. These previously mentioned progressions might be conceivable with integration of IoT. Hence, this integration is ready to enhance wearable innovation biological community by giving improved client encounter and eventually advancing use of these gadgets.

Market Segmentation

Market By Product

  • Smart Phones
  • Tablets
  • Smart Watches
  • Fitness Trackers
  • Virtual Reality Sets
  • Others

Market By Site

  • Handheld
  • Headband
  • Strap, Clip, Bracelet
  • Shoe Sensors
  • Others

Market By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Chile
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Regional Insights

North America was the main revenue contributor in 2018. The region is probably going to keep up its situation in the market through 2025, attributable to nearness of various worldwide organizations, expanding mindfulness among individuals, and accessibility of steady framework, for example, hi-speed internet connection.

Furthermore, employee healthcare schemes by a few worldwide organizations enable clients to get these gadgets at limited costs. Also, broad use of wellbeing the board stages, for example, mHealth, telehealth, remote patient checking, remote counselling, and home medicinal services is enhancing the development of the provincial market.

Market Participants

Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. Such as, Apple Inc.; a technology conglomerate launched iPhone 7 and iPhone 7 Plus (Red variant) smartphones international in March 2017. These mobile gadgets support numerous health apps, which are beneficial in monitoring and checking the health and fitness.The major players associated with the Hi-tech medical devices are CAE Healthcare, Apple Inc., Virtual-Realties Limited, Google Inc., Sony Corporation, Nike, Adidas AG, Sony, and Xiaomi.


FAQ

Healthcare Drone Market (By Product Type: Rotary Blade, Fixed Wing, Hybrid; By Application: Search and Rescue, Transport/Delivery, Medical Care) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Healthcare drones provide medical care facilities for the people in a few minutes to bring blood, medicines, serum snake bite, birth control, and other resources to rural areas, which in some situations could be the difference between life and death. Market Insights Increased awareness of healthcare drones is likely to fuel dema

Metal Implants and Medical Alloys Market (By Type: Titanium, Stainless Steel, Cobalt Chrome, Others; By Application: Orthopedic Implants, Cardiovascular Implants, Dental Application, Craniomaxillofacial Impnats, Neurological Implants) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The Global Metal Implants and Medical Alloys Market size is expected to garner around US$ 19.5 Bn by 2026, growing at a CAGR of around 9.2% over the forecast period 2019 to 2026. Metal implants are the biomaterials that are used to place inside or on the surface of the body. These are basically made up of stainless steel, Cobalt Chrome (CoCr) alloys, Titanium (Ti), and Ti alloys are widely used in orthopedic i

Next Generation sequencing Market (By Products and Services: NGS Platforms & Related Products, NGS Services; By Application: Oncology, Reproductive Health, Clinical Investigation, Immune System Monitoring, Agriculture & Animal Research, Epidemiology & Drug Development, Consumer Genomics; By Technology: Whole Genome Sequencing, Targeted Sequencing & Resequencing, Whole Exome Sequencing; By End Users: Academic Institutes & Research Centers, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, Other users) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The Global Next Generation Sequencing Market is expected to grow at a CAGR of around 18.7% over the forecast period 2019 to 2026 and poised to reach around US$ 20.4 Bn by 2026. Next Generation Sequencing (NGS) is a platform that enabled the sequencing of thousands to millions DNA molecules simultaneously. It is also known as the massively parallel sequencing technology. This sequencing helps in the various fie

Ultrasound Equipment Market (By Portability: Trolley/Cart-based, Compact, Handheld; By Application: Obstetrics/Gynecology, General Imaging, Vascular Applications, Cardiologic Applications, Orthopedic Applications, Urological Applications, Pain Management, Others; By Equipment Display: Black & White, Color; By Technology: Therapeutic, Diagnostic) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global ultrasound equipment market is expected to grow at a CAGR of around 6.3% from 2019 to 2026 and expected to reach the market value of around US$ 10 Bn by 2026. Ultrasound is a medical imaging technology that uses sound waves to produce pictures of body’s inside part. It helps to diagnose swelling, pain, and infection in internal organs and to examine a baby in pregnant women. Ultrasound is also

Minimally Invasive Surgery Market (By Product: Handheld Instruments, Electrosurgical Instruments, Guiding Devices, Inflation Systems, Auxiliary Instruments, Cutter Instruments; By Application: Gastrointestinal Surgery, Cardiothoracic Surgery, Orthopedic Surgery, Gynecological Surgery, Cosmetic/Bariatric Surgery, Vascular Surgery, Urological Surgery, Others; By End User: Hospitals, Ambulatory Surgery Centers, Research Institutes) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global minimally invasive surgery market is expected to grow at a CAGR of around 9.6% over the forecast period 2019 to 2026 and expected to reach the market value of around US$ 33.8 Bn by 2026. Minimally invasive surgery uses techniques to operate with less incision or damage to the body than open surgery. Hence, it is associated with less pain, fewer postoperative complications, and short

Implantable Medical Devices Market (By Product: Dental Implants, Breast Implants, Orthopedic Implants, Cardiovascular Implants, Intraocular Lens, Others) - Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global implantable medical devices market is expected to grow at a CAGR of around 7.3% over the forecast period 2019 to 2026 and expected to reach the market value of around US$ 153.8 Bn by 2026. An implant is a medical device, manufactured to support or replace any damaged organs in the body, treat imperfections in normal body functions, or enhance the functioning of body organs. These can be implanted by

Cart Summary