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.
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The report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The Global Medical Tricorder Market studies the market scenario to offer growth projections for the Medical Tricorder Market industry for the forecast period of 2021-2028. The report focuses on potential growth opportunities and limitations the prominent players of the industry might face during the entirety of the forecast timeline.
Some major companies in the market include 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.
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Key Highlights in 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.
The report further divides the Medical Tricorder market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Medical Tricorder market.
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
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Medical Tricorder Market Segmentation by Regions:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Radical Features of the Medical Tricorder Market Report:
The report encompasses Medical Tricorder market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
Supply chain analysis along with technological advancements offered in the report
The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Medical Tricorder industry
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