Europe
Smart Medical Devices Market analysis report gives clear idea about the
market potential for each geographical region based on the growth rate,
macroeconomic parameters, consumer buying patterns, possible future trends, and
market demand and supply scenarios. Competitive analysis is the major feature of
any market research report, and hence this report covers many points including
strategic profiling of key players in the market, analyse core competencies of
key players, and draw a competitive landscape for the Healthcare industry. Different
components which are in charge of market development, has been analyzed clearly
in Europe Smart Medical Devices Market business report.
The smart medical devices market is expected to gain market growth in
the forecast period of 2021 to 2028. Data Bridge Market Research analyses that
the market is growing with a CAGR of 19.5% in the forecast period of 2021 to
2028 and is expected to reach USD 29,922.99 million by 2028. Increasing adaptability of smart phones and smart phone compatible
medical devices is the major driver which is propelling the smart medical
devices market in the forecast period.
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Smart Medical Devices
Market Scope and Market Size
The smart medical devices market is categorized into seven
notable segments which are based on the product type, type, technology,
modality, application, end user and distribution channel. The growth among
segments helps you analyse niche pockets of growth and strategies to approach
the market and determine your core application areas and the difference in your
target markets.
- ·
On the basis of product type, the smart medical
devices market is segmented into diagnostics and monitoring devices and
therapeutic devices. In 2021, diagnostics and monitoring devices segment is
expected to dominate the smart medical devices market due to high technology
adoption by key players in the market.
- ·
On the basis of type, the smart medical devices
market is segmented into on-body (adhesive patch), off-body (belt clip) and
hand held. In 2021, off-body (belt clip) segment is expected to dominate the
smart medical devices market because of increasing healthcare expenditure.
- ·
On the basis of technology, the smart medical
devices market is segmented into spring-based, motor-driven, rotatory pump,
expanding battery, pressurized gas and others. In 2021, spring-based segment is
expected to dominate the smart medical devices market due to increasing demand
of smart devices in the market.
- ·
On the basis of modality, the smart medical
devices market is segmented into wearable and non-wearable. In 2021, wearable
segment is expected to dominate the smart medical devices market because of
increasing demand of wireless devices to monitor the health conditions.
- ·
On the basis of application, the smart medical
devices market is segmented into oncology, diabetes, auto-immune disorders,
infection diseases, sports and fitness, sleep disorder and others. In 2021,
sports and fitness segment is expected to dominate the smart medical devices
market because of rising prevalence of chronic diseases.
- ·
On the basis of end user, the smart medical
devices market is segmented into hospitals, clinics, home care, sports club and
others. In 2021, home care segment is expected to dominate the smart medical
devices market because of increasing geriatric population and prevalence of
chronic diseases.
- ·
On the basis of distribution channel, the smart
medical devices market is segmented into pharmacies, online channel and others.
In 2021, online channel segment is expected to dominate the smart medical
devices market because of increasing demand of wireless and smart devices.
The major players
covered in the Europe smart medical devices market report are Johnson &
Johnson Services, Inc., Abbott, Apple Inc., Medtronic, F. Hoffman-La Roche Ltd,
Fitbit, Inc., Dexcom, Inc., CeQur SA, Huawei Device Co., Ltd., West
Pharmaceutical Services, Inc., Sonova, BAE Systems, Seiko Epson Corporation,
Activinsights Ltd., Omron Healthcare, Inc., Insulet Corporation, Garmin Ltd.,
SAMSUNG ELECTRONICS CO., LTD., LG Electronics, Debiotech S.A. among other
domestic players. DBMR analysts understand competitive strengths and provide
competitive analysis for each competitor separately.
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