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

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


Spiraling technological advancements, owing to whooping investments in the field of smart medical devices, smart and digitally accessed medical devices coupled with intensifying awareness among patients to manage their health conditions efficiently will drive the smart medical devices market growth. For instance, Google’s smart contact lenses for diabetes patients wearing glasses. The novel technology originates from the fact that an individuals’ glucose level can be measured through their tears’ fluidal composition. – PowerPoint PPT presentation

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

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
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
  • 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.

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.

Competitive Market Share of Smart Medical Devices
  • 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
  • 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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