SAN FRANCISCO, June 29, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Smart Medical Devices – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 5; Released: January 2022
Executive Pool: 872
Companies: 33 – Players covered include Abbott Laboratories; Apple Inc.; Dexcom, Inc.; Everist Genomics; F.Hoffmann-La Roche Ltd.; Fitbit, Inc.; Johnson & Johnson; Medtronic plc.; NeuroMetrix, Inc.; Omron Corporation; Philips Electronics; Samsung Electronics Co., Ltd; Sonova; Sotera Wireless; Vital Connect; Zephyr Technology Corporation and Others.
Coverage: All major geographies and key segments
Segments: Product (Diagnostics & Monitoring Devices, Therapeutic Devices); Distribution Channel (Online, Pharmacies, Other Distribution Channels)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Smart Medical Devices Market to Reach $25.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Smart Medical Devices estimated at US$8.2 Billion, is projected to reach a revised size of US$25.9 Billion by 2026, growing at a CAGR of 20.8% over the analysis period. Diagnostics & Monitoring Devices, one of the segments analyzed in the report, is projected to record a 19.9% CAGR and reach US$19.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Therapeutic Devices segment is readjusted to a revised 22.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.1 Billion in 2021, While China is Forecast to Reach $4.6 Billion by 2026
The Smart Medical Devices market in the U.S. is estimated at US$3.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2026 trailing a CAGR of 20.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.7% and 17.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.5% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.