Medical Tricorder Market Key Players, Growth, Share and Forecast Till 2028
The study further explores and provides an in-depth analysis of current market dynamics and recent trends, focusing on various key factors and potential growth opportunities and risks. The report focuses on leading regions and their major countries to anticipate market growth in the forecast years.
The global medical tricorder market size reached USD 3.07 Billion in 2020 and is expected to register a revenue CAGR of 6.8%, during the forecast period, according to latest analysis by Emergen Research. Rising incidence of chronic diseases, as well as COVID-19 pandemic, are propelling global medical tricorder market revenue growth forward. Increasing private investments for development of advanced medical equipment that is quite similar to medical tricorders is also expected to propel revenue growth of the market between 2021 and 2028.
Need for outpatient treatment and monitoring has increased significantly following the outbreak of COVID-19. Self-diagnosing equipment has become more popular as people are becoming more aware regarding them. Non-emergency hospital appointments, such as routine checkups and unnecessary treatments, have been rescheduled. Government regulators have also promoted medical tricorder device business in order to minimize flow of patients to hospitals and offer additional bed facilities for COVID-19 patients. The U.S. Food and Drug Administration (FDA) issued Emergency Use Authorizations (EUAs) for specific patient monitoring and diagnostic equipment in April 2020, in order to increase accessibility of treatments and monitoring during COVID-19 pandemic. As a result, COVID-19 had a positive influence on medical tricorder industry and is expected to contribute to revenue growth of the market.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Medical Tricorder market. Also, to arrive at an accurate and unbiased market forecast, data collected from secondary research sources have been analysed and validated through primaries.
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Report Scope:
Forecast Period: 2021- 2028
CAGR: 6.8%
Base Year: 2020
Number of Pages: 250
The research report offers in-depth insights into company profiles along with their production values, production capacity, product portfolio, strategic plans such as mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, government and corporate deals, among others. The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.
Geographical Segmentation:
The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Medical Tricorder Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyses the year-on-year growth rate of these regions over the forecast duration. The leading market regions profiled in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Leading Players Profiled in the Report:
QuantuMDx Group Ltd, Scanadu Inc., Cloud DX Inc., Basil Leaf Technologies, LLC, Fujikura Ltd., Basler AG, Qualcomm Technologies, Inc., Ibis Biosciences, Inc., Aidar Health, Inc., and Shenzhen Creative Industry Co., Ltd.
Some Key Highlights from the Report
Monitoring segment revenue is expected to expand at a significantly rapid CAGR during the forecast period as patients are becoming more aware regarding hazards related to their lifestyles Ambulatory surgical centers segment is expected to register a significantly robust revenue growth rate over the forecast period due to high demand for outpatient treatments. In addition, cost-effective services and shorter staying times are some of the factors driving growth of the segment. North America is expected to account for a larger revenue share than other regional markets over the forecast period. Market growth in North America is driven by an increase in patient pool and need for advanced technologies for diagnosing patient's health conditions. In May 2021, Nuvia, Inc. was acquired by Qualcomm Technologies, Inc. The world-class NUVIA team strengthens the CPU roadmap, expanding Qualcomm's position in the market. Get An Impressive Discount On This Report @ https://www.emergenresearch.com/request-discount/939
Emergen Research has segmented the global medical tricorder on the basis of type, application, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Fiber Optic Camera USB Camera Corded Wireless Others Application Outlook (Revenue, USD Billion; 2018–2028)
Monitoring Diagnosis Others End-Use Outlook (Revenue, USD Billion; 2018–2028)
Ambulatory Surgery Centers Hospitals Others Key Questions Answered in the Report:
What is the growth rate of the Medical Tricorder market? What is the anticipated market valuation of Medical Tricorder industry by 2028? What are the key growth driving and restraining factors of the Medical Tricorder market? Who are the prominent players operating in the market? What are the key strategies adopted by these companies? What are the key opportunities and growth prospects of the Medical Tricorder industry over the forecast period? Which region is expected to show significant growth in the coming years? In conclusion, the report is designed to provide an in-depth analysis of all the key change calculation factors that replicate the decisions that trigger the change, which pushes the player’s winning position profitable on the growth curve despite massive competition in the target Medical Tricorder market.
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