Smart Medical Devices Market share research by applications and regions for 2017-2024

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Smart Medical Devices Market Size, Share,
Industry Analysis Report, Regional Outlook and
Forecast, 2017 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Smart Medical Devices Market

• North America held the largest revenue share in
  2016 due to cognizance of advanced technologies
  and presence of a well-proportioned healthcare
  sector.
• The regional market has benefitted greatly owing
  to growing per capita income, favorable economic
  conditions and improved standard of living.
• Europe smart medical devices market is foreseen
  to gain significant industry revenue share over
  the forecast period. As per the Reflection and
  Orientation Paper, in 2016 European Union
  contributed USD 43.5 million for the innovation
  of wearable medical devices, hence, driving the
  business growth.
• Asia Pacific is the fastest growing region due to
  soaring population, improvement in standard of
  living, owing to waxing disposable income and the
  demand for novel products which positively
  impacts the demand for smart medical devices in
  the region.

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Application of Smart Medical Devices Market

• The diagnostic monitoring segment directed the
  industry in 2016 with a substantial revenue
  share, but noted a moderately lower growth rate
  comparing to the therapeutic segment.
• The paramount factors attributable to the
  business growth includes elevating awareness,
  rising healthcare spending, and supporting
  initiatives by the government relating to the
  improvement in patient care.
• Online channel is the sturdiest growing segment
  be indebted to rising inclination towards online
  purchasing through smartphones, increased
  flexibility and availability of a wide range of
  products. Hospitals segment is envisaged to grow
  at fastest rate owing to elevated utilization of
  digital therapeutic applications for delivering
  affordable emergency care to patients. By the
  emergence and usage of mobile care facilities,
  hospitals can help patients browse healthcare
  services and reduce stress.

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Competitive Market Share of Smart Medical Devices
Market

• Key industry players include Apple, Fitbit,
  Abbott, Dexcom, F. Hoffmann-La Roche, Zephyr,
  Medtronic, and Johnson Johnson.
• The major players focus on innovative product
  launch and strategic alliances with an aim to
  expand their business portfolio as main
  strategies.
• In January 2015, Medtronic announced the
  acquisition of Covidien.
• This acquisition will increase the market
  penetration by expanding its product portfolio
  and lessen the production cost.

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