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
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.
• Smart Watches
• Fitness Trackers
• Virtual Reality Devices
• Shoe Sensor
• Strap, Clip & Bracelet
• Home Healthcare
• Sports and Fitness
• Remote Patient Monitoring
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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
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