Market Research Report
Medical Tricorder - Global Market Outlook (2019-2027)
|Medical Tricorder - Global Market Outlook (2019-2027)|
Published: August 1, 2020
Stratistics Market Research Consulting
Content info: 208 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Medical Tricorder Market is accounted for $3.43 billion in 2019 and is expected to reach $6.68 billion by 2027 growing at a CAGR of 8.7% during the forecast period. Some of the key factors propelling the market growth are increasing outpatient services in the hospitals, rising occurrence of cardiovascular diseases, and growing awareness among patients. However, the long approval time is the restraining factor for the growth of the market.
A medical tricorder is a multifunction hand-held device which finds application in sensor scanning, data analysis and recording, self-diagnose of medical conditions within seconds, and performing basic vital measurements.
By end-user, the hospital segment is expected to grow at a significant market share during the forecast period owing to its easy accessibility and the presence of a large patient pool. Based on geography, North America is anticipated to hold considerable market share during the forecast period which is attributed to the favourable reimbursement policies and increasing healthcare expenditure.
Some of the key players in Medical Tricorder Market include Basil Leaf Technologies LLC, QuantuMDx Group Ltd, Basler AG, Ibis Biosciences, Ionis Pharmaceutical, Scanadu, Welfo Fiber Optics, Hamamatsu Photonics K.K., Fujikura Ltd, Cloud DX, and Qualcomm Technologies Inc.
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