Medical Tricorder Market Research Report- Global Forecast To 2027

Global Medical Tricorder Market Information, By Type (USB Camera, Fiber Optic Camera, Wireless, Corded, others), By Application (Diagnosis, Monitoring, others), By End Users (Hospitals, Clinics and others) - Forecast to 2027

ID: MRFR/Pharma/0713-HCR | February, 2021 | Region : Global

Market Scenario


Medical Device Industry is flourishing across the globe owing to an increasing demand for technologically advanced devices, extensive use of smart medical devices, and overall improvement in healthcare sector. Various smart devices are used to determine the heart rate, glucose levels in the body, and other parameters.


Medical device used by the consumer to self-diagnose medical condition is known as a medical tricorder. It takes basic vital measurement like heart rate and body temperature within seconds. Major functions of a medical tricorder are to monitor health of a person, summarize patient’s health, diagnose disease and take health measurements. Furthermore, rapid development in technology, increasing government support for research & development, changing lifestyle, and many adverse effects of the present diagnostic methods expected to fuel the market growth during the forecast period.


However, these types of devices has to pass all the regulatory standards and rules, which increases the approval time. The average approval time for the medical diagnostic device may vary from 5-8 years. This long approval time, high cost of the research & development and devices may hamper the market growth during the corresponding period.


The demand of medical tricorder is increasing because of an increase in the demand medical tricorder among health care providers, helping them to diagnose patient’s health condition, increasing outpatient services in the hospitals, increase in patient pool suffering from diabetes, and cardiovascular diseases, and demand for new technology for diagnoses and monitoring.


According to findings from the WHO, in 2014, approximately 422 million people suffered from diabetes across the globe.


Global market of medical tricorder is expected to reach USD 5.4 billion in 2023 from USD 2.5 billion in 2016 with a CAGR of approximately 6.7% during the forecast period 2017-2023.

Figure 1: Global Medical Tricorder Market, By Application, 2016Medical tricorder Market


Intended Audience



  • Healthcare IT companies

  • Medical device companies

  • Contract Research Organizations (CROs)

  • Research and Development (R&D) Companies

  • Academic Medical Institutes and Universities


Segmentation


 The Global Medical Tricorder Market is segmented on the basis of type which includes USB camera, fiber optic camera, wireless, corded and other types.


On the basis of application which includes diagnosis, monitoring and other applications.


On the basis of end users the market is segmented into are hospitals, clinics and others.

Figure 2: Market Synopsis


 Global Medical Tricorder Market


Sources: Press Release, presentation, company website, annual reports, government records, journals expert interview.


Key Players


Scanadu (US), QuantuMDx Group Ltd. (UK), Ibis Biosciences (U.S.) and Others.


Regional Analysis


Globally, The Medical Tricorder Market consists of four regions Americas, Europe, Asia-Pacific and Middle East and Africa.  North America is the largest market whose growth is attributed to an increase in patient pool, and demand for improved technology for diagnosis of ongoing health of a patient drive this market in America. According to the American Diabetes Association, in 2015, approximately 30.3 million Americans which is 9.4% of the American population were suffering from diabetes  


Europe is the second largest market driven by extensive research in innovative product development, and adoption of new technologies in healthcare institutes such as hospitals & clinics, research institutes, clinical laboratories, diagnostics center and home care settings.


Asia Pacific shows steady growth in this market by driven rising prevalence of chronic diseases such as obesity, diabetes, cardiovascular diseases, growing geriatric population, and development in healthcare sector. China and India are expected to be the emerging market in Asia Pacific, owing to the increasing number of patients diagnosed with chronic diseases, and high growth potentials supported by favorable macro-economic conditions.


The market shows steady but positive growth in Middle East & Africa owing to demand for primary care services for the diagnosis and treatment of chronic diseases, and rising awareness about preventive measures for various diseases, and increasing emphasis on women and child care.

Table of Content

1. Report Prologue

2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary research

3.4 Market Size Estimation

4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment


5. Market Factor Analysis

5.1 Porters Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

6. Global Medical Tricorder Market, by Type

6.1 Introduction

6.2 USB camera

6.2.1 Market Estimates & Forecast, 2020-2027

6.3 fiber optic camera

6.3.1 Market Estimates & Forecast, 2020-2027

6.4 wireless

6.4.1 Market Estimates & Forecast, 2020-2027

6.5 corded

6.5.1 Market Estimates & Forecast, 2020-2027

7. Global Medical Tricorder Market, by Application

7.1 Introduction

7.2 Diagnosis

7.2.1 Market Estimates & Forecast, 2020-2027

7.3 Monitoring

7.3.1 Market Estimates & Forecast, 2020-2027

8. Global Medical Tricorder Market, by End User

8.1 Introduction

8.2 Hospital

8.2.1 Market Estimates & Forecast, 2020-2027

8.3 Clinics

8.3.1 Market Estimates & Forecast, 2020-2027

8.4 Pharmaceutical Companies

8.4.1 Market Estimates & Forecast, 2020-2027

9. Global Medical Tricorder Market, by Region

9.1 Introduction

9.2 Americas

9.2.1 North America

9.2.1.1 US

9.2.1.1 Canada

9.2.2 South America

9.3 Europe

9.3.1 Western Europe

9.3.1.1 Germany

9.3.1.2 France

9.3.1.3 UK

9.3.1.4 Italy

9.3.1.5 Spain

9.3.1.6 Rest of Western Europe

9.3.2 Eastern Europe

9.4 Asia Pacific

9.4.1 Japan

9.4.2 China

9.4.3 India

9.4.4 Australia

9.4.5 Republic of Korea

9.4.6 Rest of Asia Pacific

9.5 The Middle East & Africa

9.5.1 United Arab Emirates

9.5.2 Saudi Arabia

9.5.3 Oman

9.5.4 Kuwait

9.5.5 Qatar

9.5.6 Rest of the Middle East & Africa

10 Company Landscape

10.1 Introduction

10.2 Market Share Analysis

10.3 Key Development & Strategies

10.3.1 Key Developments

11 Company Profiles

11.1 Scanadu

11.1.1 Company Overview

11.1.2 Product Overview

11.1.3 Financials

11.1.4 SWOT Analysis

11.2 QuantuMDx Group Ltd.

11.2.1 Company Overview

11.2.2 Product Overview

11.2.3 Financial Overview

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.3 Ibis Biosciences

11.3.1 Company Overview

11.3.2 Product Overview

11.3.3 Financial Overview

11.3.4 Key Development

11.3.5 SWOT Analysis

11.4 Others

11.4.1 Company Overview

11.4.2 Product/Business Segment Overview

11.4.3 Financial Overview

11.4.4 Key Development

11.4.5 SWOT Analysis

12 MRFR Conclusion

12.1 Key Findings

12.1.1 From CEO’s View Point

12.1.2 Unmet Needs of the Market

12.2 Key Companies to Watch

12.3 Prediction of Healthcare Industry

13 Appendix

LIST OF TABLES

Table 1 Medical Tricorder Industry Synopsis, 2020-2027

Table 2 Global Medical Tricorder Market Estimates and Forecast, 2020-2027, (USD Million)

Table 3 Global Medical Tricorder Market by Region, 2020-2027, (USD Million)

Table 4 Global Medical Tricorder Market by Types, 2020-2027, (USD Million)

Table 5 Global Medical Tricorder Market byApplication, 2020-2027, (USD Million)

Table 7 Global Medical Tricorder Market by End Users, 2020-2027, (USD Million)

Table 8 North America Medical Tricorder Market by Types, 2020-2027, (USD Million)

Table 9 North America Medical Tricorder Market by Application, 2020-2027, (USD Million)

Table 11 North America Medical Tricorder Market by End Users, 2020-2027, (USD Million)

Table 12 US Medical Tricorder Market by Types, 2020-2027, (USD Million)

Table 13 US Medical Tricorder Market by Application, 2020-2027, (USD Million)

Table 15 US Medical Tricorder Market by End Users, 2020-2027, (USD Million)

Table 16 Canada Medical Tricorder Market by Types, 2020-2027, (USD Million)

Table 17 Canada Medical Tricorder Market by Application, 2020-2027, (USD Million)

Table 19 Canada Medical Tricorder Market by End Users, 2020-2027, (USD Million)

Table 20 South America Medical Tricorder Market by Types, 2020-2027, (USD Million)

Table 21 South America Medical Tricorder Market by Application, 2020-2027, (USD Million)

Table 23 South America Medical Tricorder Market by End Users, 2020-2027, (USD Million)

Table 24 Europe Medical Tricorder Market by Types, 2020-2027, (USD Million)

Table 25 Europe Medical Tricorder Market by Application, 2020-2027, (USD Million)

Table 27 Europe Medical Tricorder Market by End Users, 2020-2027, (USD Million)

Table 28 Western Europe Medical Tricorder Market by Types, 2020-2027, (USD Million)

Table 29 Western Europe Medical Tricorder Market by Application, 2020-2027, (USD Million)

Table 31 Western Europe Medical Tricorder Market by End Users, 2020-2027, (USD Million)

Table 32 Eastern Europe Medical Tricorder Market by Types, 2020-2027, (USD Million)

Table 33 Eastern Europe Medical Tricorder Market by Application, 2020-2027, (USD Million)

Table 35 Eastern Europe Medical Tricorder Market by End Users, 2020-2027, (USD Million)

Table 36 Asia Pacific Medical Tricorder Market by Types, 2020-2027, (USD Million)

Table 37 Asia Pacific Medical Tricorder Market by Application, 2020-2027, (USD Million)

Table 39 Asia Pacific Medical Tricorder Market by End Users, 2020-2027, (USD Million)

Table 40 Middle East & Africa Medical Tricorder Market by Types, 2020-2027, (USD Million)

Table 41 Middle East & Africa Medical Tricorder Market by Application, 2020-2027, (USD Million)

Table 43 Middle East & Africa Medical Tricorder Market by End Users, 2020-2027, (USD Million)

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Global Medical Tricorder Market

Figure 3 Segmentation Market Dynamics for Medical Tricorder Market

Figure 4 Global Medical Tricorder Market Share, by Type, 2020

Figure 5 Global Medical Tricorder Market Share, byApplication, 2020

Figure 6 Global Medical Tricorder Market Share, by End Users, 2020

Figure 7 Global Medical Tricorder Market Share, by Region, 2020

Figure 8 North America Medical Tricorder Market Share, by Country, 2020

Figure 9 Europe Medical Tricorder Market Share, by Country, 2020

Figure 10 Asia Pacific Medical Tricorder Market Share, by Country, 2020

Figure 11 Middle East & Africa Medical Tricorder Market Share, by Country, 2020

Figure 12 Global Medical Tricorder Market: Company Share Analysis, 2020 (%)

Figure 13 Scanadu: Key Financials

Figure 14 Scanadu: Segmental Revenue

Figure 16 Scanadu: Geographical Revenue

Figure 17 QuantuMDx Group Ltd.: Key Financials

Figure 18 QuantuMDx Group Ltd.: Segmental Revenue

Figure 19 QuantuMDx Group Ltd.: Geographical Revenue

Figure 20 Ibis Biosciences: Key Financials

Figure 21 Ibis Biosciences: Segmental Revenue

Figure 22 Ibis Biosciences: Geographical Revenue

Figure 23 Lifeline Scientific: Key Financials

Figure 24 Lifeline Scientific: Segmental Revenue

Figure 25 Lifeline Scientific: Geographical Revenue