Smart Diagnostic and Monitoring Medical Device market to Grow at a CAGR of Over 8.5% through 2024,Says Research Nester

1
Smart Diagnostic and Monitoring Medical Device
market to Grow at a CAGR of Over 8.5 through
2024,Says Research Nester
2
Smart Diagnostic and Monitoring Medical Device
market By Type(Wearable devices, Non-Wearable
devices) By Product(Blood glucose monitors, Heart
rate monitors, Pulse oximeters, Blood pressure
monitors, Breath analyzer, Medical tricorder,
Blood Analyte Analyzers) By Distribution
Channel(Offline Store, Online Store)
By End-user(Hospitals, Clinics, Homecare) and
Region - Global Forecast to 2024.  Smart
diagnostic and monitoring medical devices help
the consumer to check various medical conditions
such as high blood pressure, sleep apnea and
others. These devices are connected to the smart
phone either by plugging or by connecting through
blue-tooth. Smart diagnostic and monitoring
medical devices are very easy and convenient way
to check blood glucose level, heart rate, blood
pressure and others. These medical devices are
integrated with features such as wireless data
transmission, real time feedback, alerting
mechanism, and more. Market Size and
Forecast Global smart diagnostic and monitoring
medical device market is anticipated to flourish
at a CAGR of 8.5 over the forecast period.
Further, the market of smart diagnostic and
monitoring medical device is riding on the back
of various factors such as growing prevalence of
chronic diseases and rising awareness among the
population towards healthcare devices On the
basis of product type, blood pressure monitor is
expected to project a highest CAGR by the end of
2024.
3
Moreover, hospitals by end-user segment accounted
for the largest market share in 2016. Likely,
hospitals are estimated to grow at a highest CAGR
by the end of 2024 owing to the increased
adoption of smart diagnostic and monitoring
medical device by hospitals. Geographically,
North America region accounted for the largest
market in smart diagnostic and monitoring medical
device in terms of revenue in 2016. With 38.6
market share in 2016, North America captured the
biggest market of smart diagnostic and monitoring
medical device. Further, North America is
expected to continue its dominance over the
forecast period owing to growing number of
geriatric population. Additionally, U.S. and
Canada are the dominating countries of smart
diagnostic and monitoring medical device market
in this region. Moreover, presence of major key
players of smart diagnostic and monitoring
medical device in this region is also envisioned
to bolster the growth of smart diagnostic and
monitoring medical device market. Europe region
captured the second largest market of smart
diagnostic and monitoring medical device in term
of revenue 2016. Additionally, the growth of
Europe region can be attributed to various
factors such as growing adoption of advanced
healthcare technology and rising expenditure on
healthcare.
4
Asia-Pacific region is believed to be the
fastest growing smart diagnostic and monitoring
medical device market by the end 2024. Japan and
China are the dominating countries in this region
owing to growing population, rising disposable
income and increasing health concerns.   Market
Segmentation Our in-depth analysis has segmented
global smart diagnostic and monitoring medical
device market into the following segments By
Region Global smart diagnostic and monitoring
medical device market is further classified on
the basis of region as follows North America
(U.S. Canada) Market size, Y-O-Y growth
Opportunity Analysis. Latin America (Brazil,
Mexico, Rest of Latin America) Market size, Y-O-Y
growth Opportunity Analysis.
5
Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands Luxembourg, Rest
of Europe) Market size, Y-O-Y growth
Opportunity Analysis. Asia-Pacific (China, India,
Japan, Singapore, Australia, New Zealand, Rest of
Asia) Market size, Y-O-Y growth Opportunity
Analysis. Middle East and Africa (GCC, North
Africa, South Africa, Rest of Middle East and
Africa) Market size, Y-O-Y growth Opportunity
Analysis. Growth Drivers and Challenges Rising
healthcare expenditure and growing adoption of
technological advanced healthcare monitoring
devices are believed to be the dynamic factor
behind the rapid growth of smart diagnostic and
monitoring medical device market across the
globe. Moreover, increasing prevalence of chronic
diseases and rising demand for wireless and
smartphone compatible devices are projected to
bolster the growth of smart diagnostic and
monitoring medical device market by the end of
2024. Furthermore, rising disposable income
coupled with improvement in living standards and
increasing awareness and focus on health
fitness are also predicted to boost the demand
for smart diagnostic and monitoring medical
device.
6
Additionally, increasing penetration of retail
business, spiked penetration of smartphones, high
acceptance of advanced technologies and rising
demand for accurate detection devices are
projected to be the major factors propelling the
growth of smart diagnostic and monitoring medical
device market. However, high cost associated
with the smart diagnostic and monitoring medical
devices is expected to hinder the growth of smart
diagnostic and monitoring medical device market
over the forecast period. Moreover, lack of
awareness among the population regarding smart
diagnostic and monitoring medical devices is
envisioned to dampen the growth of smart
diagnostic and monitoring medical device
market. Key Players Medtronic, Company Overview,
Key Product Offerings, Business, Strategy, SWOT
Analysis, Financials, Abbott Laboratories,
Cleveland, Medical Device, Fitbit, Inc., Omron
Healthcare Co., Ltd., Polar Electro, Inc.,
Dexcom, Inc., Hoffmann-La Roche Ltd, NeuroMetrix,
Inc., Samsung Electronics Co.
7
Sample Research Presentation Look for
Your Requested Research/TOC
8
Our Services
Research Analysis
Actionable Insight
Business Solution
Data Analysis
Data Collection
Primary Research
Company Analysis
Secondary /Desk Research
We Offer In-depth Industry Analysis Our
exhaustive research reports are a combination of
qualitative and quantitative data and
analysis Research conducted using credible
database and industry tools and primary insights
Unbiased and detailed analysis of financial
statistics, competitors analysis Market size
estimation (by value and volume) and
forecasting Detailed mapping on SWOT Analysis,
Porters Five Force Model Analysis, PESTEL
Analysis Custom Research Services Tracking the
market as per the industrys movement Conducting
interviews to portray real situations and
industrys trends In-depth analysis and
information gathering as per clients
requirement Provide 360 degree approach reports
to meet clients specific requirement
Market Assessment /Estimation s/Forecast
Study of Developme nts
Future Share
Target Market
Competition Study
Channel Assessment
Recommendation
9
Entering New Emerging Markets
Launch Viability of Product
Competitive Analysis
Industry Analysis
Research Nester, currently serving clients from
120 countries clients across the globe, is a
leading service provider for strategic market
research and consulting. We aim to provide
unbiased, unparalleled market insights and
industry analysis to help industries,
conglomerates and executives to take wise
decisions for their future marketing strategy,
expansion and investment etc. We believe every
business can expand to its new horizon, provided
a right guidance at a right time is available
through strategic minds. Our out of box thinking
helps our clients to take wise decision so as to
avoid future uncertainties. Through our robust,
unbiased extensive primary and secondary
research, we help organizations to understand
current and future market trends, thus letting
them making a prolonged yet dynamic financial
investment.
10
Real Estate
Food Beverage
FMCG
Energy Power
Industries Catered
Copyright Research
Nester
www.researchnester.com
Healthcare
ICT
Semiconductor
Information Technology
11
To know more about Lactic Acid Market please
visit https//www.researchnester.com/reports/sma
rt-diagnostic-and-monitoring-medical-device-market
-global-historical-growth-2012-2016-future-outlook
-2017-2024-demand-analysis-opportunity-evaluation/
471 Related Reports https//www.researchnester.co
m/reports/medical-equipment-rental-market-global-h
istorical-growth-2012-2016-future-outlook-2017-202
4-demand-analysis-opportunity-evaluation/495 https
//www.researchnester.com/reports/frictionless-rem
ote-monitoring-device-market-global-historical-gro
wth-2012-2016-future-outlook-2017-2024-demand-anal
ysis-opportunity-evaluation/492
For More Info/Enquiry, Please Visit us
at Research Nester 1820 Avenue M, Suite 1113
Brooklyn, New York 11230 U.S. (T) 1 646 586
9123 Canada (T) 1 437 889 3230 U.K. (T) 44 203
608 5919 India (T) 91 120 660 5495 www.researchne
ster.com, info_at_researchnester.com
Thank You