Smart Medical Devices Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Smart Medical Devices Market Size Worth $24.46 Billion By 2025�
The global smart medical devices market size is expected to reach USD 24.46 billion by 2025, according to a new report by Grand View Research, Inc. The increasing adoption of smartphones is observed as a major factor driving market growth. In addition, the technological advancement and the rising awareness and focus on fitness is driving the market. The increasing demand for wireless and smartphone compatible devices which is enhancing the diagnosis and makes accurate detection is making it convenient for patients to monitor their health anywhere and save the result on the connected device, is additionally driving the market. Diagnostic and monitoring segment was the largest product category in 2015, but is expected to register a lower growth as compared to the therapeutic segment over the forecast period. Blood pressure monitor was the major diagnostic and monitoring device used by the patients in 2015 and accounts for a share of over 20.0% in 2015.
Online channel is the largest shareholder with an estimated CAGR of about 22.0% from 2016 to 2025. The trending online purchase for discounts, flexibility, convenience and availability of wide range o f products with varying prices is leading to demand for purchasing smart medical devices online Additionally, the use of smartphones is expected the boost the market. For Latest research study : @ https://www.grandviewresearch.com/industry-analysis/smart-medical-devicesmarket
Further key findings from the report suggest: • The global smart medical devices witnessed a lucrative growth in 2015 and is expected to grow at a CAGR of over 20.0% from 2016 to 2025
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Diagnostic and monitoring segment emerged as the largest product segment in 2015 and is estimated to generate revenue over USD 8.0 billion by 2025
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The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to various developments across major economies. The regional market is expected to grow at a CAGR of over 20.0% from 2016 to 2025
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Key players including Abbott Laboratories, Apple Inc, Dexcom Inc, Fitbit Inc and Medtronic plc among the others dominate the global smart medical devices market while accounting for majority of the volume in 2015
Grand View Research has segmented the global smart medical devices market on the basis of product, distribution channel, end-use, and region: Smart Medical Devices Product Outlook (Revenue, USD Million, 2014 - 2025) • Diagnostic & monitoring
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Blood glucose monitors
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Heart rate monitors
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Pulse oximeters
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Blood pressure monitors
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Breath analyzer
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Medical tricorder
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Smart clothing
Therapeutic devices o
Portable oxygen concentrators and ventilators
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Insulin pumps
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Hearing aid
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Others
Smart Medical Devices Distribution Channel Outlook (Revenue, USD Million, 2014 - 2025) • Pharmacies •
Online channel
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Others
Smart Medical Devices End-user Outlook (Revenue, USD Million, 2014 - 2025) • Hospitals •
Clinics
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Homecare
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Others
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Table of Contents Chapter 1. Methodology and Scope 1.1. Information Procurement 1.1.1. Purchased Database 1.1.2. GVR’s Internal Database 1.2. Data Analysis 1.3. Market Formulation & Validation 1.4. Approaches for Market Estimation 1.4.1. Approach 1: Commodity Flow & Bottom Up Approach 1.4.2. Approach 2: Top Down and Parent Market Analysis Chapter 2. Executive Summary 2.1. Market Summary, 2016 Chapter 3. Smart Medical Devices Market Variables, Trends & Scope 3.1. Market Segmentation & Scope 3.2. Market Driver Analysis 3.3. Market Restraint Analysis 3.4. Top Ten Smart Medical Devices: Impact on Healthcare Industry 3.5. Smart Medical Devices Market: Role of Smart Phones 3.6. Penetration & Growth Prospect Mapping 3.7. SWOT Analysis, By Factor 3.7.1. Political 3.7.2. Economic 3.7.3. Technological 3.8. Industry Analysis - Porter’s Continue…………………. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of
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industries including technology, chemicals, materials, healthcare and energy.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com
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