Global Patient Scales Market to Grow at a Revised CAGR of 1.6% During 2020-2027 due to COVID-19 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Patient Scales - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis and the looming economic recession, the Patient Scales market worldwide will grow by a projected US$7 Million, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 1.6%. The global analysis and forecast periods covered are 2020-2027 (current & future analysis) and 2012-2019 (historic review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.

Floor Scales, one of the segments analyzed and sized in this study, is forecast to grow at over 1.4% and reach a market size of US$49.6 Million by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Floor Scales market will be reset to a new normal which going forward in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 0.9% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$119.6 Thousand to the region's size over the next 7 to 8 years. In addition, over US$162.9 Thousand worth of projected demand in the region will come from Rest of the European markets. In Japan, the Floor Scales segment will reach a market size of US$2.9 Million by the close of the analysis period.

Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Patient Scales market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 3.6% over the next couple of years and add approximately US$2.7 Million in terms of addressable market opportunity.

Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Patient Scales market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Market Outlook
• Impact of COVID-19 and a Looming Global Recession
• Regional Market Analysis
• Analysis by Segment
• Recent Market Activity
• Scales - A Preventive Tool
• Causes of Weight Problem
• Problems with Obesity
• Scales Aid in Prevention of Issues with Weight
• Global Competitor Market Shares
• Patient Scales Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

• Algen Scale Corp. (USA)
• Detecto Scale Company (USA)
• Doran Scales, Inc. (USA)
• Natus Medical Incorporated (USA)
• Pelstar, LLC (USA)
• seca GmbH & Co. KG (Germany)
• SR Instruments, Inc. (USA)
• Tanita Corporation (Japan)
• Wedderburn (Australia)
• Welch Allyn, Inc. (USA)

3. MARKET TRENDS & DRIVERS

• Digital Scales Gain Market Share over Mechanical Scales
• Have Mechanical Scales Lost Favor?
• Balance Beam Scales - Still the Popular Patient Scale
• Comparison of Key Commercial Balance Beam Scales
• Need for an Effective PorTable Weighing Device
• Greater Benefits and Features Form the Trend
• Scales Go Hi-Tech
• Value Addition
• Improvements in Load Cell Technology Enhance Reliability
• Pediatric Scales Witness Continued Design and Technology Improvements
• Pediatric Scales Witness Continued Design and Technology Improvements
• Bariatric Scales - A Testimony to Technological Advancements in Scales
• Major Features of Modern Bariatric Scales
• Demand for Bariatric Scales on the Rise
• Product Innovations Pioneer Growth
• Novelty in Designs and Enhanced Accuracy of Products to Enthrall Customers
• Patient Scales Integrated with Body Fat Analyzers Gain Popularity
• Protection from Nosocomial Infections - A New Dimension to Patient Scales
• Growing Obesity Levels Drive Weight Related Ailments; Contribute to Growth in Demand for Scales
• Burgeoning Geriatric Population and Increasing Prevalence of Chronic Diseases to Buoy Demand
• Rising Healthcare Expenditure in Developing Countries Induces Momentum in the Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 35

For more information about this report visit https://www.researchandmarkets.com/r/ieam9g.