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. 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.
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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.
The U.S. Food and Drug Administration (FDA) issued Emergency Use Authorizations (EUAs) for specific patient monitoring and diagnostic equipment in April 2020, in order to increase accessibility of treatments and monitoring during COVID-19 pandemic. As a result, COVID-19 had a positive influence on medical tricorder industry and is expected to contribute to revenue growth of the market.
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The competitive landscape of the report has been formulated by considering all the vital parameters such as company profiling, market share, recent developments and advancements, gross margins, product portfolio, revenue generation, financial standing, market position, and expansion plans. The report also discusses in detail the recent mergers and acquisitions, joint ventures, collaborations, product launches and brand promotions, agreements, corporate and government deals, and partnerships, among others. The report also sheds light on the recent technological developments and product advancements in the Medical Tricorder market.
Leading manufacturers profiled in the report:
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.
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Medical Tricorder market
Sales revenue by key players and new entrants
Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities
Market Overview:
The report bifurcates the Medical Tricorder market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
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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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
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)
Objectives of the Report:
Study of the global Medical Tricorder market size by key regions, types, and applications with reference to historical data (2019-2020) and forecast (2022-2030)
Industrial structure analysis of the Medical Tricorder market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Medical Tricorder market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Medical Tricorder market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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