Medical Tricorder Market is a flourishing sector gaining importance across the world. Medical device used by the consumer to self-diagnose medical condition is known as a medical tricorder. It takes basic vital measurement like heart rate and body temperature within seconds. Major functions of a medical tricorder are to monitor health of a person, summarize patient’s health, diagnose disease and take health measurements. Medical tricorder is helpful for diagnosing a patient’s health condition. Monitoring of health with the help of medical tricorder can be done within seconds.
The demand of medical tricorder is increasing because of an increase in the demand medical tricorder among health care providers, helping them to diagnose patient’s health condition, increasing outpatient services in the hospitals, increase in patient pool suffering from diabetes, and cardiovascular diseases, and demand for new technology for diagnoses and monitoring.
According to findings from the WHO, in 2014, approximately 422 million people suffered from diabetes across the globe.
Global market of medical tricorder is expected to reach USD 5.4 billion in 2023 from USD 2.5 billion in 2016 with a CAGR of approximately 6.7% during the forecast period 2017-2023.Global market of medical tricorder is expected to grow with a CAGR of approximately 6.7% during the forecast period 2017-2023.
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Key Players for Global Medical Tricorder Market
Scanadu (US), QuantuMDx Group Ltd. (UK), Ibis Biosciences (U.S.), Basil Leaf Technologies (U.S.), and others are some of the prominent players at the forefront of competition in the Global Medical Tricorder Market and are profiled in MRFR Analysis.
Segments for Global Medical Tricorder Market
The Global Medical Tricorder Market is segmented on the basis of type which includes USB camera, fiber optic camera, wireless, corded and other types.
On the basis of application which includes diagnosis, monitoring and other applications.
On the basis of end users the market is segmented into are hospitals, clinics and others.
Regional Analysis for Global Medical Tricorder Market
Globally, Medical Tricorder Market consists of four regions Americas, Europe, Asia-Pacific and Middle East and Africa. North America is the largest market whose growth is attributed to an increase in patient pool, and demand for improved technology for diagnosis of ongoing health of a patient drive this market in America.
Europe is the second largest market driven by extensive research in innovative product development, and adoption of new technologies in healthcare institutes such as hospitals & clinics, research institutes, clinical laboratories, diagnostics center and home care settings.
Asia Pacific shows steady growth in this market by driven rising prevalence of chronic diseases such as obesity, diabetes, cardiovascular diseases, growing geriatric population, and development in healthcare sector. China and India are expected to be the emerging market in Asia Pacific, owing to the increasing number of patients diagnosed with chronic diseases, and high growth potentials supported by favorable macro-economic conditions.
The market shows steady but positive growth in Middle East & Africa owing to demand for primary care services for the diagnosis and treatment of chronic diseases, and rising awareness about preventive measures for various diseases, and increasing emphasis on women and child care.
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
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