Hi-tech Medical Devices Market Developments by 2031
The integration of technology with medical devices has aided the medical sector in diagnosis and treatment procedure. The hi-tech medical devices are medical equipment used for diagnosis and treatment of medical alignment, these devices employ stronger, accurate and reliable data for any medical condition that can help in choosing the medication.
MARKET DYNAMICS
The hi-tech medical devices market is expected to grow exponentially owing to driving factors such as, increase in health awareness among people, rise in prevalence of chronic diseases, higher demand for technologically advanced medical devices majorly in developed and developing countries. Moreover, rise in geriatric population fuel the growth of hi-tech medical devices market. Also there is increase in development of artificial intelligence technology is expected to provide new opportunities for hi-tech medical devices market growth.
MARKET SCOPE
The "Global Hi-Tech Medical Devices Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of hi-tech medical devices market with detailed market segmentation by product, site and geography. The global hi-tech medical devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hi-tech medical devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hi-tech medical devices market is segmented on the basis of product and application. Based on product, the market is segmented as smart phones, tablets, smart watches, fitness trackers, virtual reality sets and others. On the basis of site, the hi-tech medical devices market is segmented into handheld, headband, strap, clip & bracelet, shoe sensors and others.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global hi-tech medical devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The hi-tech medical devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting hi-tech medical devices market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the hi-tech medical devices market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global hi-tech medical devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The hi-tech medical devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting hi-tech medical devices market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the hi-tech medical devices market in these regions.
MARKET PLAYERSThe reports cover key developments in the hi-tech medical devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from hi-tech medical devices market are anticipated to lucrative growth opportunities in the future with the rising demand for hi-tech medical devices in the global market. Below mentioned is the list of few companies engaged in the hi-tech medical devices market.
The report also includes the profiles of key hi-tech medical devices market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Apple Inc.
- Google Inc.
- Adidas AG
- Nike, Inc.
- Sony Corporation
- Xiaomi
- Virtual-Realties Limited
- CAE HEALTHCARE
- Huawei Technologies Co., Ltd
- Mevofit
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hi-tech Medical Devices Market - By Product
1.3.2 Hi-tech Medical Devices Market - By Site
1.3.3 Hi-tech Medical Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HI-TECH MEDICAL DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HI-TECH MEDICAL DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. HI-TECH MEDICAL DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. HI-TECH MEDICAL DEVICES - GLOBAL MARKET OVERVIEW
6.2. HI-TECH MEDICAL DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HI-TECH MEDICAL DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. SMART PHONES
7.3.1. Overview
7.3.2. Smart Phones Market Forecast and Analysis
7.4. TABLETS
7.4.1. Overview
7.4.2. Tablets Market Forecast and Analysis
7.5. SMART WATCHES
7.5.1. Overview
7.5.2. Smart Watches Market Forecast and Analysis
7.6. FITNESS TRACKERS
7.6.1. Overview
7.6.2. Fitness Trackers Market Forecast and Analysis
7.7. VIRTUAL REALITY SETS
7.7.1. Overview
7.7.2. Virtual Reality Sets Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. HI-TECH MEDICAL DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - SITE
8.1. OVERVIEW
8.2. SITE MARKET FORECASTS AND ANALYSIS
8.3. HANDHELD
8.3.1. Overview
8.3.2. Handheld Market Forecast and Analysis
8.4. HEADBAND
8.4.1. Overview
8.4.2. Headband Market Forecast and Analysis
8.5. STRAP, CLIP & BRACELET
8.5.1. Overview
8.5.2. Strap, Clip & Bracelet Market Forecast and Analysis
8.6. SHOE SENSORS
8.6.1. Overview
8.6.2. Shoe Sensors Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. HI-TECH MEDICAL DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hi-tech Medical Devices Market Overview
9.1.2 North America Hi-tech Medical Devices Market Forecasts and Analysis
9.1.3 North America Hi-tech Medical Devices Market Forecasts and Analysis - By Product
9.1.4 North America Hi-tech Medical Devices Market Forecasts and Analysis - By Site
9.1.5 North America Hi-tech Medical Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hi-tech Medical Devices Market
9.1.5.1.1 United States Hi-tech Medical Devices Market by Product
9.1.5.1.2 United States Hi-tech Medical Devices Market by Site
9.1.5.2 Canada Hi-tech Medical Devices Market
9.1.5.2.1 Canada Hi-tech Medical Devices Market by Product
9.1.5.2.2 Canada Hi-tech Medical Devices Market by Site
9.1.5.3 Mexico Hi-tech Medical Devices Market
9.1.5.3.1 Mexico Hi-tech Medical Devices Market by Product
9.1.5.3.2 Mexico Hi-tech Medical Devices Market by Site
9.2. EUROPE
9.2.1 Europe Hi-tech Medical Devices Market Overview
9.2.2 Europe Hi-tech Medical Devices Market Forecasts and Analysis
9.2.3 Europe Hi-tech Medical Devices Market Forecasts and Analysis - By Product
9.2.4 Europe Hi-tech Medical Devices Market Forecasts and Analysis - By Site
9.2.5 Europe Hi-tech Medical Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hi-tech Medical Devices Market
9.2.5.1.1 Germany Hi-tech Medical Devices Market by Product
9.2.5.1.2 Germany Hi-tech Medical Devices Market by Site
9.2.5.2 France Hi-tech Medical Devices Market
9.2.5.2.1 France Hi-tech Medical Devices Market by Product
9.2.5.2.2 France Hi-tech Medical Devices Market by Site
9.2.5.3 Italy Hi-tech Medical Devices Market
9.2.5.3.1 Italy Hi-tech Medical Devices Market by Product
9.2.5.3.2 Italy Hi-tech Medical Devices Market by Site
9.2.5.4 Spain Hi-tech Medical Devices Market
9.2.5.4.1 Spain Hi-tech Medical Devices Market by Product
9.2.5.4.2 Spain Hi-tech Medical Devices Market by Site
9.2.5.5 United Kingdom Hi-tech Medical Devices Market
9.2.5.5.1 United Kingdom Hi-tech Medical Devices Market by Product
9.2.5.5.2 United Kingdom Hi-tech Medical Devices Market by Site
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hi-tech Medical Devices Market Overview
9.3.2 Asia-Pacific Hi-tech Medical Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Hi-tech Medical Devices Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Hi-tech Medical Devices Market Forecasts and Analysis - By Site
9.3.5 Asia-Pacific Hi-tech Medical Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hi-tech Medical Devices Market
9.3.5.1.1 Australia Hi-tech Medical Devices Market by Product
9.3.5.1.2 Australia Hi-tech Medical Devices Market by Site
9.3.5.2 China Hi-tech Medical Devices Market
9.3.5.2.1 China Hi-tech Medical Devices Market by Product
9.3.5.2.2 China Hi-tech Medical Devices Market by Site
9.3.5.3 India Hi-tech Medical Devices Market
9.3.5.3.1 India Hi-tech Medical Devices Market by Product
9.3.5.3.2 India Hi-tech Medical Devices Market by Site
9.3.5.4 Japan Hi-tech Medical Devices Market
9.3.5.4.1 Japan Hi-tech Medical Devices Market by Product
9.3.5.4.2 Japan Hi-tech Medical Devices Market by Site
9.3.5.5 South Korea Hi-tech Medical Devices Market
9.3.5.5.1 South Korea Hi-tech Medical Devices Market by Product
9.3.5.5.2 South Korea Hi-tech Medical Devices Market by Site
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hi-tech Medical Devices Market Overview
9.4.2 Middle East and Africa Hi-tech Medical Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Hi-tech Medical Devices Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Hi-tech Medical Devices Market Forecasts and Analysis - By Site
9.4.5 Middle East and Africa Hi-tech Medical Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hi-tech Medical Devices Market
9.4.5.1.1 South Africa Hi-tech Medical Devices Market by Product
9.4.5.1.2 South Africa Hi-tech Medical Devices Market by Site
9.4.5.2 Saudi Arabia Hi-tech Medical Devices Market
9.4.5.2.1 Saudi Arabia Hi-tech Medical Devices Market by Product
9.4.5.2.2 Saudi Arabia Hi-tech Medical Devices Market by Site
9.4.5.3 U.A.E Hi-tech Medical Devices Market
9.4.5.3.1 U.A.E Hi-tech Medical Devices Market by Product
9.4.5.3.2 U.A.E Hi-tech Medical Devices Market by Site
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hi-tech Medical Devices Market Overview
9.5.2 South and Central America Hi-tech Medical Devices Market Forecasts and Analysis
9.5.3 South and Central America Hi-tech Medical Devices Market Forecasts and Analysis - By Product
9.5.4 South and Central America Hi-tech Medical Devices Market Forecasts and Analysis - By Site
9.5.5 South and Central America Hi-tech Medical Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hi-tech Medical Devices Market
9.5.5.1.1 Brazil Hi-tech Medical Devices Market by Product
9.5.5.1.2 Brazil Hi-tech Medical Devices Market by Site
9.5.5.2 Argentina Hi-tech Medical Devices Market
9.5.5.2.1 Argentina Hi-tech Medical Devices Market by Product
9.5.5.2.2 Argentina Hi-tech Medical Devices Market by Site
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HI-TECH MEDICAL DEVICES MARKET, KEY COMPANY PROFILES
11.1. APPLE INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GOOGLE INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ADIDAS AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. NIKE, INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SONY CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. XIAOMI
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. VIRTUAL-REALTIES LIMITED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. CAE HEALTHCARE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. HUAWEI TECHNOLOGIES CO., LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MEVOFIT
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Apple Inc.
2. Google Inc.
3. Adidas AG
4. Nike, Inc.
5. Sony Corporation
6. Xiaomi
7. Virtual-Realties Limited
8. CAE HEALTHCARE
9. Huawei Technologies Co., Ltd
10. Mevofit
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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