Smart Medical Devices Market 2026: What Challenges and Opportunities?
Download PDF Brochure Of This Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/1626
Increasing demand for better disease management tools and shift of populace towards smart medical devices are major factors propelling growth of global smart medical devices market. Chronic diseases such as diabetes, hypertension, asthma, and other chronic obstructive pulmonary disorders (COPD) are highly prevalent across the globe, which increases the demand for tools and services to manage their symptoms. For instance, according to the World Health Organization (WHO), in 2017, the number of people over 18 years of age suffering from diabetes have increased from 4.7% in 1980 to 8.5% of the global population by 2014. Moreover, the WHO also states that over 235 million people across the globe are suffering from asthma. The development of smart medical devices such as continuous glucose monitors as well as smart sensing wearable devices to monitor the patients suffering from various chronic diseases have resulted in the growth of smart medical devices market. For instance, in March 2017, Health Care Originals, a U.S. based company developed an Intelligent Asthma Management Kit (ADAMM) that is capable of identifying asthma attack before the wearer notices its symptoms. Moreover, the rising awareness of patients in disease monitoring and fitness is further expected to boost growth of global smart medical devices market. According to a survey article published by the Oxford University in 2016, internet of things associated with smart wearable devices is expected to connect over 20 billion object modules to the internet by 2020. Thus, the rapid surge in adoption of smart wearable gadgets will propel growth of smart medical devices market. However, inaccuracy of the devices in monitoring medical parameters and differences between the actual and displayed results could hamper the market growth. For instance, according to the study by Diabetes Technology & Therapeutics in 2016, the accuracy and precision of continuous glucose monitors (CGM) were less than that of blood glucose meters for the measurement of capillary blood glucose, indicating the increased risk of errors in the clinical application of CGM.
On the basis of region, the global smart medical devices market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds the dominant position in the global smart medical devices market and is expected to retain its dominance over the forecast period, owing to technological advancements and broadened recommendation of healthcare professionals for the use of these devices. For instance, Cycadia Health, a U.S. based start-up introduced a novel product named iTBra in 2017 with inbuilt sensors that helps to keep track of patient’s breast health by monitoring the rhythmic pattern and conditions of the breast tissues.
Asia Pacific is expected to witness a significant growth in the market, owing to a massive pool of patients and innovative manufacturers delivering smart solutions to the market at marginally lower costs. For instance, Ten3T Healthcare Pvt Ltd, an Indian manufacturer developed Cicer, a wearable monitoring device that is capable of measuring ECG and other indicators such as heart rate, blood oxygen, and temperature in real time at affordable price.
For More Information @ https://www.coherentmarketinsights.com/ongoing-insight/smart-medical-devices-market-1626
The key players operating in the global smart medical devices market include Apple, Inc., Fitbit, Inc., F. Hoffmann-La-Roche, Abbott Laboratories, Medtronic Plc, Dexcom, Inc., NeuroMatrix, Inc., Johnson & Johnson, and others. Market players are focused towards providing technologically advanced products to sustain their presence in the market. For instance, in April 2018, Teradata introduced the first 4D analytics that can be used in wearable and personal medical devices to translate the three dimensional geospatial location data with time as the fourth dimension.
On the basis of device type, the global smart medical devices market is segmented into:
• Diagnostics and Monitoring Devices
◦ Blood Glucose Monitors
◦ Heart Rate Monitors
◦ Pulse Oximeters
◦ Breath Analyzers
◦ Medical Tricoders
◦ Smart Clothing
◦ Smart Watches
• Therapeutic Devices
◦ Insulin Pumps
◦ Portable Oxygen Concentrators & ventilators
◦ Hearing Aids
On the basis of region, the global smart medical devices market is segmented into:
• North America
• Latin America
• Asia Pacific
• Middle East
Request For Customization @ https://www.coherentmarketinsights.com/insight/request-customization/1626
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Medical Devices Market 2026: What Challenges and Opportunities? here
News-ID: 1537454 • Views: 195
More Releases from Coherent Market Insights - Medical Devices Industry
Point-of-Care Infectious Disease Diagnostics Market is Expected to Gain Populari …
Coherent Market Insights released a new market study on 2018-2026 Point-of-Care Infectious Disease Diagnostics Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. Ask For Sample
Interventional Neurology Market: New Business Opportunities and Investment Resea …
Coherent Market Insights released a new market study on the 2018-2026 Interventional Neurology Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry-validated market data. Ask for the sample copy
Single Use Disposable Patient Positioning Products Market Trends Research and Pr …
Single use disposable patient positioning products are extensively used in hospitals, specialty care, and homecare setting. Products such as single use knee pads, arm cradles, and heel protectors are in demand among patients, as they can be used in home care settings. Single use disposable patient positioning products are preferred by hospitals, as these products are cost-effective, time saving, and prevent cross-contamination. The global single use disposable patient positioning market
Intraocular Lens Market Revenue Growth Predicted by 2017-2025 With Top Players S …
Intraocular lens (IOLs) are medical devices implanted inside the eye to replace natural lens when it is removed during cataract surgery. Intraocular lens area also used during few vision correction surgery. Depending on patient’s visual need and lifestyle; wide variety of intraocular lens are present in the market, including aspheric IOLs, toric IOLs, multifocal IOLs, monofocal IOLs, accommodating IOLs, preloaded IOLs, and among others. Moreover, depending on need during cataract
More Releases for Smart
Heidelberg, May 28, 2019 – The dental group Young Innovations presents new products that increase efficiency and safety in the practice: The high-quality Galaxie Cassettes simplify the cleaning, sterilization and classification of hand instruments. A stable case made of electropolished stainless steel protects the equipment, the unique design reduces the contact points. A laser-cut pattern maximizes water through flow and increases efficiency in the RDG / thermal disinfector. Smooth rounded corners
A smart mirror is an ordinary mirror with additional features and functionalities, incorporating capabilities that are otherwise done manually or in some computing system other than the mirror. For instance, a mirror that can connect to a smartphone or the internet and offer some measure of user comfort. The computing features in smart mirrors enable them to connect to the Internet and smartphones, categorizing them as connected devices. Connected devices
Powered Smart Cards
In terms of consumption, the global powered smart card market stood at 2,049.1 Mn units in 2015 and is expected to register a volume CAGR of 59.2% to reach 5,640.6 Mn units by 2024 end. In a new report titled “Powered Smart Card Market: Global Industry Analysis & Forecast, 2016–2024”, Persistence Market Research studies the performance of the global powered smart card market over an eight-year forecast period (2016 –
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency
By 2050, the world's population is expected to reach nine billion, with over two thirds of people living in cities. On Tuesday, December 9, ICT and sustainability experts will convene at the German Center for Research and Innovation (GCRI) in New York to discuss future solutions for urban systems. NEW YORK (December 3, 2014) – Urbanization, globalization, demographic and climate change are continually placing higher demands on our cities. How will