DUBLIN--(BUSINESS WIRE)--The "Global Smart Medical Devices Market Size - Segmented by Product Type (Diagnostic and Monitoring and Therapeutic Devices), Distribution Channel, End User, and Geography - Growth, Trend, and Forecasts (2018-2023)" report has been added to ResearchAndMarkets.com's offering.
The smart medical devices market is expected to record a CAGR of 7.5% over the forecast period.
The smart medical devices market is expected to witness a robust growth as an increased demand for smart devices is observed, due to the growing geriatric population, since elderly people are prone to chronic diseases, such as CVD, cancer, and diabetes, which helps in the growth of the market.
North America is found to dominate the global smart medical devices market, owing to well-developed healthcare infrastructure and increasing advancement in medical device technologies. The Asia-Pacific region is also anticipated to be fastest-growing market, due to the increasing population and rising disposable incomes.
Technological Advancement in Devices Boosts the Growth of the Smart Medical Devices Market
The other driving factors also include the rise in demand for smartphone-compatible and wireless medical devices, and rising awareness and focus on fitness.
High Cost of Devices helps to Restrain the Growth of the Smart Medical Devices Market
The other factors also include patients privacy concerns may affect the market negatively affects the market.
Major Developments in the Market
- Abbott launched the first smartphone compatible, insertable cardiac monitor to detect arrhythmias.
Companies Profiled
- Abbott Laboratories
- Dexcom Inc.
- F. Hoffmann-La Roche Ltd.
- FitBit Inc.
- Medtronic PLC
- NeuroMetrix Inc.
- Omron Global
- Vital Connect
Key Topics Covered
1. Introduction
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
6. Market Dynamics
7. Market Segmentation
8. Smart Medical Devices Market Company Profiles and Competitive Landscape
9. Future of the Smart Medical Devices Market
For more information about this report visit https://www.researchandmarkets.com/research/k43rch/the_global_smart?w=4
