Global Smart Medical Devices Market Research and Forecast 2018-2023

  • ID: 4537368
  • Report
  • Region: Global
  • Orion Market Research Private Limited
15 % OFF
until Sep 30th 2018
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FEATURED COMPANIES

  • Abbott Laboratories Inc.
  • Biotronik Inc.
  • Fitbit, Inc
  • Littmann
  • Olympus Medical Systems
  • Siemens Healthcare
  • MORE
A smart medical device is an appliance; software, used for variety of therapeutic and diagnostic purposes. It has been used in a wide range of applications such as monitoring heart rate; glucose monitoring; pain relief; insulin delivery; and so forth. Smartphones play a significant role in operating these smart medical devices in the healthcare sector. The increasing adoption of smartphones across the globe, coupled with rising demand for the medical devices compatible with smartphones are major driving factors that are augmenting the growth of the global smart medical devices market. The market has been analyzed on the basis of product type, test type, and end users.

Moreover, rising geriatric population is another factor fueling the market. There is an increased demand for smart medical devices due to growing geriatric population since elderly people are prone to chronic diseases such as CVD, Cancer and Diabetes. Major players are launching new products coupled with the advancement in the technologies to further accelerate the growth of the global smart medical devices market. Apart from these, rising population in the emerging economies and improvement in lifestyle standards of the people along with increasing disposable income will show a lucrative growth in the market during the forecast period. However, there are certain factors such as high cost of medical devices; and security and privacy concerns of the patients (for example: personal data of the patients can be hacked) are hampering the growth of the market.

Based on the region, the global smart medical devices market has been divided into North America, Europe, Asia Pacific and Rest of the World. North America dominates the global smart medical devices market owing to well-developed healthcare infrastructure and increasing advancement in technologies. APAC region is anticipated to be fastest growing market due to increasing population and rising disposable incomes.

The companies contributing to the growth of global smart medical devices market include Abbott Laboratories, Johnson & Johnson Ltd., Fitbit Inc., Dexcom Inc., Medtronic plc, NeuroMetrix Inc., Olympus Medical systems and many more. Majority of key players are focusing on partnership, collaboration and merger and acquisition to gain a competitive edge over others and enhance their presence. For instance, in January 2015, Medtronic completed its acquisition of Covidien. This acquisition was aimed at the expansion of its product portfolio resulting in the increased market penetration and reduced production cost.

Research Methodology

The market study of smart medical devices market is incorporated by extensive primary and secondary research conducted by research team at OMR Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The OMR team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. The numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analysts to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts to get first-hand information. Primary research brings authenticity to our reports.

Secondary sources include:
  • Financial reports of companies involved in the market
  • Whitepapers, research-papers and news blogs
  • Company websites and their product catalogue
The report is intended for hospitals, medical device manufacturers, diagnostic centers, government and private organizations for the overall market analysis and competitive analysis. The report provides in-depth analysis on pricing, market size, and intended quality of the product preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models such as PEST analysis delivering insights into the market for better business decisions.

Market Segmentation:
  • Global smart medical devices market by product type
  • Global smart medical devices market by test type
  • Global smart medical devices market by end users
The Report covers:
  • Comprehensive Research Methodology of Global Smart Medical Devices Market.
  • This report also includes detailed and extensive market overview with Analyst insights & key market trends.
  • Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the Global Smart Medical Devices Market.
  • Insights about market determinants which are stimulating the Global Smart Medical Devices Market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.
READ MORE
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abbott Laboratories Inc.
  • Biotronik Inc.
  • Fitbit, Inc
  • Littmann
  • Olympus Medical Systems
  • Siemens Healthcare
  • MORE
Chapter 1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders

Chapter 2. Market Overview and Insights
2.1. Definition
2.2. Analyst Insights &Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendation
2.2.3. Conclusion
2.3. Regulations
2.3.1. United States
2.3.2. European Union
2.3.3. China
2.3.4. India
2.3.5. Rest of the World

Chapter 3. Market Determinant
3.1. Motivators
3.1.1. Increasing Adoption of Smartphones and Smartphone Compatible Devices
3.1.2. Rising Demand For Better Convenience and Flexible Healthcare Devices Among Geriatric Population
3.1.3. Increasing Healthcare Expenditure
3.1.4. Technological Advancement Such as Evolution of Smart Scalpels and Smart Probes
3.1.5. Rising Trend of Remote Health Monitoring
3.2. Restraints
3.2.1. High Costs of Smart Medical Devices
3.2.2. Patient’S Privacy Concerns May Affect Market GRoWth
3.3. Opportunities
3.3.1. Increasing Investment in Emerging Economies For Smart Medical Devices
3.3.2. Rising Awareness Towards Smart Medical Devices
3.3.3. Rising Number of Market Players With a Broader Product Portfolio

Chapter 4. Market Segmentation
4.1. Global Smart Medical Devices Market By Product Type
4.1.1. Diagnostic and Monitoring Devices
4.1.2. Therapeutic Devices
4.1.3. Injury Prevention and Rehabilitation Devices
4.2. Global Smart Medical Devices Market By Test Type
4.2.1. Portable
4.2.2. Wearable
4.3. Global Smart Medical Devices Market By End Users
4.3.1. Hospitals and Clinics
4.3.2. Home Care
4.3.3. Laboratories
4.3.4. Others

Chapter 5. Competitive Landscape
5.1. Key Strategies
5.2. Key Company Analysis

Chapter 6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. United Kingdom
6.2.2. France
6.2.3. Germany
6.2.4. Italy
6.2.5. Spain
6.2.6. Rest of Europe
6.3. Asia Pacific
6.3.1. India
6.3.2. China
6.3.3. Japan
6.4. Rest of the World

Chapter 7. Company Profiles
7.1. 3M Littmann
7.2. Abbott Laboratories Inc.
7.3. Apple Inc.
7.4. Autonomic Technologies Inc.
7.5. Baxter International
7.6. Biotronik Inc.
7.7. Dexcom, Inc
7.8. F. Hoffmann-La Roche Ltd.
7.9. Fitbit, Inc
7.10. Google Llc
7.11. Johnson & Johnson,
7.12. Medtronic Plc
7.13. Neurometrix, Inc
7.14. Olympus Medical Systems
7.15. Phillips Healthcare
7.16. SAMSung Electronics Co
7.17. Siemens Healthcare
7.18. Smart Medical Systems
7.19. Sonova Holding Ag
7.20. Vivo Smart Medical Devices Ltd

List of Tables:
Table 1 Global Smart Medical Devices Market Research and Analysis, By Geography 2017-2023 ($ Millions)
Table 2 Global Smart Medical Devices Market Research and Analysis, By Product Type, 2017-2023 ($ Millions)
Table 3 Global Diagnostics and Monitoring Devices Market Research and Analysis 2017-2023($ Millions)
Table 4 Global Therapeutic Devices Market Research and Analysis, 2017-2023, ($ Millions)
Table 5 Global Injury Prevention and Rehabilitation Market Research and Analysis, 2017-2023, ($ Millions)
Table 6 Global Smart Medical Devices Market Research and Analysis, By Test Type, 2017-2023, ($ Millions)
Table 7 Global Portable Market Research and Analysis, 2017-2023, ($ Millions)
Table 8 Global Wearable Market Research and Analysis, 2017-2023, ($ Millions)
Table 9 Global Smart Medical Devices Market Research and Analysis, By End Users, 2017-2023, ($ Millions)
Table 10 Global Hospitals and Clinics Market Research and Analysis, 2017-2023, ($ Millions)
Table 11 Global Home Care Market Research and Analysis, 2017-2023, ($ Millions)
Table 12 Global Laboratories Market Research and Analysis, 2017-2023, ($ Millions)
Table 13 Global Others Market Research and Analysis, 2017-2023, ($ Millions)
Table 14 North American Smart Medical Devices Research and Analysis By Product Type, 2017-2023, ($Millions)
Table 15 North American Smart Medical Devices Research and Analysis, By Test Type, 2017-2023, ($Millions)
Table 16 North American Smart Medical Devices Research and Analysis, By End Users, 2017-2023, ($Millions)
Table 17 European Smart Medical Devices Research and Analysis, By Product Type, 2017-2023, ($Millions)
Table 18 European Smart Medical Devices Research and Analysis, By Test Type, 2017-2023, ($Millions)
Table 19 European Smart Medical Devices Research and Analysis, By End Users, 2017-2023, ($Millions)
Table 20 APAC Smart Medical Devices Research and Analysis, By Product Type, 2017-2023, ($Millions)
Table 21 APAC Smart Medical Devices Research and Analysis, By Test Type, 2017-2023, ($Millions)
Table 22 APAC Smart Medical Devices Research and Analysis, By End Users, 2017-2023, ($Millions)

List of Figures:
Figure 1 Global Smart Medical Devices Market Share, By Product Type, 2017 and 2023, (%)
Figure 2 Global Smart Medical Devices Market Share, By Test Type, 2017 and 2023, (%)
Figure 3 Global Smart Medical Devices Market Share, By End Users, 2017 and 2023, (%)
Figure 4 North American Smart Medical Devices Market Size, 2017-2023, ($Millions)
Figure 5 Us Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 6 Canada Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 7 European Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 8 UK Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 9 France Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 10 Germany Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 11 Italy Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 12 Spain Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 13 ROE Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 14 Asia Pacific Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 15 India Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 16 China Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 17 Japan Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 18 ROAPAC Smart Medical Devices Market Size 2017-2023, ($Millions)
Figure 19 Rest of the World Smart Medical Devices Market Size 2017-2023, ($Millions)
Note: Product cover images may vary from those shown
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  • Littmann
  • Abbott Laboratories Inc.
  • Apple Inc.
  • Autonomic Technologies Inc.
  • Baxter International
  • Biotronik Inc.
  • Dexcom, Inc
  • F. Hoffmann-La Roche Ltd.
  • Fitbit, Inc
  • Google Llc
  • Johnson & Johnson,
  • Medtronic Plc
  • Neurometrix, Inc
  • Olympus Medical Systems
  • Phillips Healthcare
  • Samsung Electronics Co
  • Siemens Healthcare
  • Smart Medical Systems
  • Sonova Holding Ag
  • Vivo Smart Medical Devices Ltd
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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