Hi Tech Medical Devices Market
PUBLISHED: 2021 ID: SMRC21156
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Hi Tech Medical Devices Market

Hi-Tech Medical Devices Market Forecasts to 2028 – Global Analysis By Product (Smartphones, Smart Watches, Tablets, Fitness Trackers, Virtual Reality Devices), Application (Home Healthcare, Sports and Fitness) and By Geography

4.4 (45 reviews)
4.4 (45 reviews)
Published: 2021 ID: SMRC21156

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Hi-Tech Medical Devices Market is accounted for $53.70 billion in 2020 and is expected to reach $382.17 billion by 2028 growing at a CAGR of 27.8% during the forecast period. Factors such as increasing prevalence of lifestyle diseases, rising healthcare expenditures, and advancements in technology are driving the growth of the market. However, chances of collapsing of systems are hampering the growth of the market.

Hi-tech medical device refers to medical equipment that is made of advanced technologies available in the market. These devices are used in the diagnosis and treatment of medical ailments. They also provide precise and reliable data for the medical condition that can help in choosing the medication, prescriptions and many other activities related to treatment.

Based on the site, the handheld segment is anticipated to expand at a rapid pace during the forecast period due to the increasing penetration of internet and smart devices. By geography, North America is going to have high growth during the forecast period which can be attributed to the increased health awareness among the people coupled with the availability of sophisticated healthcare infrastructure.

Some of the key players profiled in the Hi-Tech Medical Devices Market include Apple Inc., Adidas AG, Samsung, Fitbit Inc., Fastrack, Google Inc, Nike, Toshiba, Sony Corporation, Lenovo, Nokia, Xiaomi, Huawei, CAE Healthcare, and Mevofit. 

Products Covered:
• Smartphones
• Smart Watches
• Tablets
• Fitness Trackers
• Virtual Reality Devices

Sites Covered:
• Handheld
• Shoe Sensor
• Headband
• Strap, Clip & Bracelet   

Applications Covered:
• Home Healthcare
• Sports and Fitness
• Remote Patient Monitoring

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary   
     
2 Preface    

 2.1 Abstract   
 2.2 Stake Holders  
 2.3 Research Scope  
 2.4 Research Methodology 
  2.4.1 Data Mining 
  2.4.2 Data Analysis 
  2.4.3 Data Validation 
  2.4.4 Research Approach 
 2.5 Research Sources  
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions 
     
3 Market Trend Analysis  
 3.1 Introduction  
 3.2 Drivers   
 3.3 Restraints   
 3.4 Opportunities  
 3.5 Threats   
 3.6 Product Analysis  
 3.7 Application Analysis  
 3.8 Emerging Markets  
 3.9 Impact of Covid-19  
     
4 Porters Five Force Analysis  
 4.1 Bargaining power of suppliers 
 4.2 Bargaining power of buyers 
 4.3 Threat of substitutes  
 4.4 Threat of new entrants 
 4.5 Competitive rivalry  
     
5 Global Hi-Tech Medical Devices Market, By Product
 5.1 Introduction  
 5.2 Smartphones  
 5.3 Smart Watches  
 5.4 Tablets   
 5.5 Fitness Trackers  
 5.6 Virtual Reality Devices 
     
6 Global Hi-Tech Medical Devices Market, By Site
 6.1 Introduction  
 6.2 Handheld   
 6.3 Shoe Sensor  
 6.4 Headband  
 6.5 Strap, Clip & Bracelet 
     
7 Global Hi-Tech Medical Devices Market, By Application
 7.1 Introduction  
 7.2 Home Healthcare  
 7.3 Sports and Fitness  
 7.4 Remote Patient Monitoring 
     
8 Global Hi-Tech Medical Devices Market, By Geography
 8.1 Introduction  
 8.2 North America  
  8.2.1 US  
  8.2.2 Canada  
  8.2.3 Mexico  
 8.3 Europe   
  8.3.1 Germany  
  8.3.2 UK  
  8.3.3 Italy  
  8.3.4 France  
  8.3.5 Spain  
  8.3.6 Rest of Europe 
 8.4 Asia Pacific  
  8.4.1 Japan  
  8.4.2 China  
  8.4.3 India  
  8.4.4 Australia  
  8.4.5 New Zealand 
  8.4.6 South Korea 
  8.4.7 Rest of Asia Pacific 
 8.5 South America  
  8.5.1 Argentina  
  8.5.2 Brazil  
  8.5.3 Chile  
  8.5.4 Rest of South America
 8.6 Middle East & Africa  
  8.6.1 Saudi Arabia 
  8.6.2 UAE  
  8.6.3 Qatar  
  8.6.4 South Africa 
  8.6.5 Rest of Middle East & Africa
     
9 Key Developments   

 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
 9.2 Acquisitions & Mergers 
 9.3 New Product Launch  
 9.4 Expansions  
 9.5 Other Key Strategies  
     
10 Company Profiling   
 10.1 Apple Inc.   
 10.2 Adidas AG   
 10.3 Samsung   
 10.4 Fitbit Inc.   
 10.5 Fastrack   
 10.6 Google Inc  
 10.7 Nike   
 10.8 Toshiba   
 10.9 Sony Corporation.  
 10.10 Lenovo   
 10.11 Nokia   
 10.12 Xiaomi   
 10.13 Huawei   
 10.14 CAE Healthcare  
 10.15 Mevofit   


List of Tables    
1 Global Hi-Tech Medical Devices Market Outlook, By Region (2019-2028) ($MN)
2 Global Hi-Tech Medical Devices Market Outlook, By Product (2019-2028) ($MN)
3 Global Hi-Tech Medical Devices Market Outlook, By Smartphones (2019-2028) ($MN)
4 Global Hi-Tech Medical Devices Market Outlook, By Smart Watches (2019-2028) ($MN)
5 Global Hi-Tech Medical Devices Market Outlook, By Tablets (2019-2028) ($MN)
6 Global Hi-Tech Medical Devices Market Outlook, By Fitness Trackers (2019-2028) ($MN)
7 Global Hi-Tech Medical Devices Market Outlook, By Virtual Reality Devices (2019-2028) ($MN)
8 Global Hi-Tech Medical Devices Market Outlook, By Site (2019-2028) ($MN)
9 Global Hi-Tech Medical Devices Market Outlook, By Handheld (2019-2028) ($MN)
10 Global Hi-Tech Medical Devices Market Outlook, By Shoe Sensor (2019-2028) ($MN)
11 Global Hi-Tech Medical Devices Market Outlook, By Headband (2019-2028) ($MN)
12 Global Hi-Tech Medical Devices Market Outlook, By Strap, Clip & Bracelet (2019-2028) ($MN)
13 Global Hi-Tech Medical Devices Market Outlook, By Application (2019-2028) ($MN)
14 Global Hi-Tech Medical Devices Market Outlook, By Home Healthcare (2019-2028) ($MN)
15 Global Hi-Tech Medical Devices Market Outlook, By Sports and Fitness (2019-2028) ($MN)
16 Global Hi-Tech Medical Devices Market Outlook, By Remote Patient Monitoring (2019-2028) ($MN)
17 North America Hi-Tech Medical Devices Market Outlook, By Country (2019-2028) ($MN)
18 North America Hi-Tech Medical Devices Market Outlook, By Product (2019-2028) ($MN)
19 North America Hi-Tech Medical Devices Market Outlook, By Smartphones (2019-2028) ($MN)
20 North America Hi-Tech Medical Devices Market Outlook, By Smart Watches (2019-2028) ($MN)
21 North America Hi-Tech Medical Devices Market Outlook, By Tablets (2019-2028) ($MN)
22 North America Hi-Tech Medical Devices Market Outlook, By Fitness Trackers (2019-2028) ($MN)
23 North America Hi-Tech Medical Devices Market Outlook, By Virtual Reality Devices (2019-2028) ($MN)
24 North America Hi-Tech Medical Devices Market Outlook, By Site (2019-2028) ($MN)
25 North America Hi-Tech Medical Devices Market Outlook, By Handheld (2019-2028) ($MN)
26 North America Hi-Tech Medical Devices Market Outlook, By Shoe Sensor (2019-2028) ($MN)
27 North America Hi-Tech Medical Devices Market Outlook, By Headband (2019-2028) ($MN)
28 North America Hi-Tech Medical Devices Market Outlook, By Strap, Clip & Bracelet (2019-2028) ($MN)
29 North America Hi-Tech Medical Devices Market Outlook, By Application (2019-2028) ($MN)
30 North America Hi-Tech Medical Devices Market Outlook, By Home Healthcare (2019-2028) ($MN)
31 North America Hi-Tech Medical Devices Market Outlook, By Sports and Fitness (2019-2028) ($MN)
32 North America Hi-Tech Medical Devices Market Outlook, By Remote Patient Monitoring (2019-2028) ($MN)
33 Europe Hi-Tech Medical Devices Market Outlook, By Country (2019-2028) ($MN)
34 Europe Hi-Tech Medical Devices Market Outlook, By Product (2019-2028) ($MN)
35 Europe Hi-Tech Medical Devices Market Outlook, By Smartphones (2019-2028) ($MN)
36 Europe Hi-Tech Medical Devices Market Outlook, By Smart Watches (2019-2028) ($MN)
37 Europe Hi-Tech Medical Devices Market Outlook, By Tablets (2019-2028) ($MN)
38 Europe Hi-Tech Medical Devices Market Outlook, By Fitness Trackers (2019-2028) ($MN)
39 Europe Hi-Tech Medical Devices Market Outlook, By Virtual Reality Devices (2019-2028) ($MN)
40 Europe Hi-Tech Medical Devices Market Outlook, By Site (2019-2028) ($MN)
41 Europe Hi-Tech Medical Devices Market Outlook, By Handheld (2019-2028) ($MN)
42 Europe Hi-Tech Medical Devices Market Outlook, By Shoe Sensor (2019-2028) ($MN)
43 Europe Hi-Tech Medical Devices Market Outlook, By Headband (2019-2028) ($MN)
44 Europe Hi-Tech Medical Devices Market Outlook, By Strap, Clip & Bracelet (2019-2028) ($MN)
45 Europe Hi-Tech Medical Devices Market Outlook, By Application (2019-2028) ($MN)
46 Europe Hi-Tech Medical Devices Market Outlook, By Home Healthcare (2019-2028) ($MN)
47 Europe Hi-Tech Medical Devices Market Outlook, By Sports and Fitness (2019-2028) ($MN)
48 Europe Hi-Tech Medical Devices Market Outlook, By Remote Patient Monitoring (2019-2028) ($MN)
49 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Country (2019-2028) ($MN)
50 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Product (2019-2028) ($MN)
51 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Smartphones (2019-2028) ($MN)
52 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Smart Watches (2019-2028) ($MN)
53 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Tablets (2019-2028) ($MN)
54 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Fitness Trackers (2019-2028) ($MN)
55 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Virtual Reality Devices (2019-2028) ($MN)
56 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Site (2019-2028) ($MN)
57 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Handheld (2019-2028) ($MN)
58 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Shoe Sensor (2019-2028) ($MN)
59 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Headband (2019-2028) ($MN)
60 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Strap, Clip & Bracelet (2019-2028) ($MN)
61 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Application (2019-2028) ($MN)
62 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Home Healthcare (2019-2028) ($MN)
63 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Sports and Fitness (2019-2028) ($MN)
64 Asia Pacific Hi-Tech Medical Devices Market Outlook, By Remote Patient Monitoring (2019-2028) ($MN)
65 South America Hi-Tech Medical Devices Market Outlook, By Country (2019-2028) ($MN)
66 South America Hi-Tech Medical Devices Market Outlook, By Product (2019-2028) ($MN)
67 South America Hi-Tech Medical Devices Market Outlook, By Smartphones (2019-2028) ($MN)
68 South America Hi-Tech Medical Devices Market Outlook, By Smart Watches (2019-2028) ($MN)
69 South America Hi-Tech Medical Devices Market Outlook, By Tablets (2019-2028) ($MN)
70 South America Hi-Tech Medical Devices Market Outlook, By Fitness Trackers (2019-2028) ($MN)
71 South America Hi-Tech Medical Devices Market Outlook, By Virtual Reality Devices (2019-2028) ($MN)
72 South America Hi-Tech Medical Devices Market Outlook, By Site (2019-2028) ($MN)
73 South America Hi-Tech Medical Devices Market Outlook, By Handheld (2019-2028) ($MN)
74 South America Hi-Tech Medical Devices Market Outlook, By Shoe Sensor (2019-2028) ($MN)
75 South America Hi-Tech Medical Devices Market Outlook, By Headband (2019-2028) ($MN)
76 South America Hi-Tech Medical Devices Market Outlook, By Strap, Clip & Bracelet (2019-2028) ($MN)
77 South America Hi-Tech Medical Devices Market Outlook, By Application (2019-2028) ($MN)
78 South America Hi-Tech Medical Devices Market Outlook, By Home Healthcare (2019-2028) ($MN)
79 South America Hi-Tech Medical Devices Market Outlook, By Sports and Fitness (2019-2028) ($MN)
80 South America Hi-Tech Medical Devices Market Outlook, By Remote Patient Monitoring (2019-2028) ($MN)
81 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Country (2019-2028) ($MN)
82 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Product (2019-2028) ($MN)
83 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Smartphones (2019-2028) ($MN)
84 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Smart Watches (2019-2028) ($MN)
85 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Tablets (2019-2028) ($MN)
86 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Fitness Trackers (2019-2028) ($MN)
87 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Virtual Reality Devices (2019-2028) ($MN)
88 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Site (2019-2028) ($MN)
89 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Handheld (2019-2028) ($MN)
90 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Shoe Sensor (2019-2028) ($MN)
91 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Headband (2019-2028) ($MN)
92 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Strap, Clip & Bracelet (2019-2028) ($MN)
93 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Application (2019-2028) ($MN)
94 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Home Healthcare (2019-2028) ($MN)
95 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Sports and Fitness (2019-2028) ($MN)
96 Middle East & Africa Hi-Tech Medical Devices Market Outlook, By Remote Patient Monitoring (2019-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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