Medical Tricorder Global Market Report 2023

“Medical Tricorder Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on medical tricorder market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for medical tricorder? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The medical tricorder market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

* The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

* The impact of higher inflation in many countries and the resulting spike in interest rates.

* The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: USB Camera; Fiber Optic Camera; Wireless; Corded; Other Types

• 2) By Application: Diagnosis; Monitoring; Other Applications

• 3) By End User: Hospitals; Clinics; Other End-users

• Companies Mentioned: Quantu MDx; Cloud DX; Qualcomm Technologies; Basil Leaf Technologies; Healthy.io

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the medical tricorder market are: QuantuMDx, Cloud DX, Qualcomm Technologies, Basil Leaf Technologies, Healthy.io Ltd., Ionis Pharmaceutical, Fujikura, Basler, and Hamamatsu Photonics.

The global medical tricorder market grew from $4.99 billion in 2022 to $5.61 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical tricorder market is expected to grow to $9.01 billion in 2027 at a CAGR of 12.6%.

The medical tricorder market consists of sales of Heavy duty tricorder, Psycho-tricorder, and Medical tricorder. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

A medical tricorder is a handheld scanning gadget that enables users to diagnose medical problems and collect basic vital signs in seconds.

North America was the largest region in the medical tricorder market in 2022. Europe was the second-largest market in the medical tricorder market. The regions covered in the medical tricorder report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main types of the medical tricorder are USB camera, fiber optics camera, wireless, corded, others. USB camera is a type of medical tricorder that allows users to record high-quality video with a fiberscope camera. The applications of medical tricorder include diagnosis, monitoring, others and are used in various sectors such as hospitals, clinics, and others.

The increase in the number of chronic illnesses such as cardiovascular diseases and diabetes is contributing to the growth of the medical tricorder market. Chronic diseases are illnesses that endure for a year or longer and require ongoing medical care, interfere with daily activities, or both. Chronic diseases such as cardiovascular disease, cancer, and diabetes are among the world's top causes of mortality and disability. Medical tricorders are used to diagnose and detect diabetes, cardiovascular diseases, and other chronic illnesses. According to the Center for Disease Control and prevention, an American national public health agency, approximately 697,000 people in the US died from heart disease in 2020 which converted to almost 1 in 5 deaths. According to a study report released by American Action Forum in September 2020, chronic illness frequency and costs are rising in the US. As the frequency of sickness among children and young people rises, chronic illness is expected to keep rising. Thus, increase in the number of chronic illnesses such as cardiovascular diseases and diabetes is driving the medical tricorder market.

The growing technological advancement is a key trend gaining popularity in the medical tricorder market. Major companies operating in the medical tricorder market focused on developing technological solutions for medical tricorder devices to strengthen their position. For instance, in May 2020, Apple, a US-based technology company has bought the medical tricorder closer to reality by using AR technology through Butterfly Network, a US-based digital health company. Pregnancies, possibly fractured bones, and even lung diseases are the features of the Butterfly Network. Doctors are currently using the technology to screen for evidence of COVID-19-related lung damage remotely.

In June 2020, Healthy.io, an Israel-based developer of smartphone urinalysis tech, has acquired Inui Health for $9 million. The acquisition of Inui Health supports Healthy.io to enter into the US market. The company also aims to move into pregnancy monitoring to detect possible complications. Inui Health, formerly known as Scanadu is a US-based medical diagnostics company that offers medical tricorders.

The countries covered in the medical tricorder market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The medical tricorder market research report is one of a series of new reports from The Business Research Company that provides medical tricorder market statistics, including medical tricorder industry global market size, regional shares, competitors with a medical tricorder market share, detailed medical tricorder market segments, market trends and opportunities, and any further data you may need to thrive in the medical tricorder industry. This medical tricorder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.