Market Overview:
The Global Medical Tricorder Market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for portable and wireless medical devices, rising prevalence of chronic diseases, and growing investments in healthcare sector. Based on type, the global medical tricorder market is segmented into wireless and corded medical tricorders. The wireless segment is expected to grow at a higher CAGR during the forecast period as compared to corded medical tricorders owing to its features such as easy portability and low weight. Based on application, the global medical tricorder market is segmented into diagnosis, monitoring, and others (including research & development purposes). The diagnosis segment accounted for majority share of the global medical tricorder market in 2017 owing to increasing use of these devices for diagnosing various diseases. However, the monitoring segment is projected to grow at a higher CAGR during 2018-2030 due its ability track various vital signs such as heart rate & rhythm, blood pressure levels etc., which helps in early detection of any health complication or disease onset.
Product Definition:
A medical tricorder is a handheld device used by doctors and nurses to diagnose patients. It can measure things like heart rate, blood pressure, and temperature. It can also listen to your lungs and heart, and take pictures of your inside. This information helps doctors figure out what is wrong with you and how to treat you.
Wireless:
The global wireless medical tricorder market is expected to grow at a CAGR of XX% during the forecast period. The growth can be attributed to factors such as increasing geriatric population, rising prevalence of chronic diseases, and growing demand for point-of-care testing (POCT). POCT enables rapid diagnosis and treatment without the need for hospital settings.
Corded:
Corded tricorder is a medical device used to diagnose and treat patients. It's an electronic version of the traditional medical tricorder, which helps in taking vital signs from patient and also provides treatment with the help of programmed drugs. The modern-day corded tricorder has advanced features such as blood pressure monitors, glucose monitors, ECG monitor along with other parameters like temperature & humidity sensors that are essential for patient care.
Application Insights:
On the basis of application, the global medical tricorder market is segmented into diagnosis, monitoring and others. The other applications include research and education. Diagnosis held the largest share in 2017 due to increasing prevalence of chronic diseases such as cancer, diabetes and cardiovascular diseases which require frequent monitoring for accurate diagnosis.
The growing demand for point-of-care diagnostics is expected to drive this segment over the forecast period owing to advantages such as rapid testing with improved accuracy over conventional laboratory methods at a patient¢â‚¬â„¢s bedside or remote locations. Furthermore, an increase in healthcare expenditure along with rising awareness about diagnostic procedures will further propel growth during future years.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of companies and high investments by these companies in R&D are some factors contributing to the dominance. Moreover, technological advancements such as digital imaging and wireless connectivity contribute to regional growth. Europe is expected to follow North America with significant CAGR over the forecast period owing to increasing government funding for R&D projects pertaining medical tricorders along with growing demand for technologically advanced devices within this region.
Asia Pacific is anticipated to grow at a lucrative rate during the forecast period due to rising healthcare expenditure, improving infrastructure facilities for patient care & diagnosis, and an increase in awareness regarding early disease detection rates amongst individuals within this region thereby driving demand from developing countries such as India & China which have higher growth potential than other developing regions like Latin America or MEA).
Growth Factors:
- Increasing demand for minimally invasive procedures: The global medical tricorder market is expected to grow at a CAGR of over 16% during the forecast period. This can be attributed to the increasing demand for minimally invasive procedures, which offer several benefits such as shorter hospital stays, reduced pain and blood loss, and faster recovery times.
- Rising prevalence of chronic diseases: The global prevalence of chronic diseases is rising at an alarming rate due to changing lifestyles and environmental factors. This is leading to an increase in the number of patients requiring regular monitoring and treatment, thereby fueling the growth of the medical tricorder market.
- Technological advancements: Rapid technological advancements are resulting in innovative products being launched in the medical tricorder market. These products are helping healthcare professionals diagnose and treat various diseases more effectively and efficiently.
- Growing awareness about preventive healthcare: There is a growing awareness among people about preventive healthcare measures that can help them stay healthy longer term .This is driving them to adopt devices such as medical tricorders that can help them monitor their health status on a regular basis.. 5) Increasing funding for R&D activities: A large number of players operating in the medical tricorder market are investing heavily in R&D activities with a view to developing innovative products that cater to unmet needs
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Tricorder Market Research Report
By Type
Wireless, Corded
By Application
Diagnosis, Monitoring, Others
By Companies
Scanadu, QuantuMDx Group, Ibis Biosciences, Scanadu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Medical Tricorder Market Report Segments:
The global Medical Tricorder market is segmented on the basis of:
Types
Wireless, Corded
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Diagnosis, Monitoring, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Scanadu
- QuantuMDx Group
- Ibis Biosciences
- Scanadu
Highlights of The Medical Tricorder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wireless
- Corded
- By Application:
- Diagnosis
- Monitoring
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Tricorder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A medical tricorder is a handheld device used to diagnose and monitor various medical conditions. It typically includes sensors that can measure heart rate, blood pressure, temperature, and other vital signs.
Some of the key players operating in the medical tricorder market are Scanadu, QuantuMDx Group, Ibis Biosciences, Scanadu.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Tricorder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Tricorder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Tricorder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Tricorder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Tricorder Market Size & Forecast, 2018-2028
4.5.1 Medical Tricorder Market Size and Y-o-Y Growth
4.5.2 Medical Tricorder Market Absolute $ Opportunity
Chapter 5 Global Medical Tricorder Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Tricorder Market Size Forecast by Type
5.2.1 Wireless
5.2.2 Corded
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Tricorder Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Tricorder Market Size Forecast by Applications
6.2.1 Diagnosis
6.2.2 Monitoring
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Tricorder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Tricorder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Tricorder Analysis and Forecast
9.1 Introduction
9.2 North America Medical Tricorder Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Tricorder Market Size Forecast by Type
9.6.1 Wireless
9.6.2 Corded
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Tricorder Market Size Forecast by Applications
9.10.1 Diagnosis
9.10.2 Monitoring
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Tricorder Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Tricorder Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Tricorder Market Size Forecast by Type
10.6.1 Wireless
10.6.2 Corded
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Tricorder Market Size Forecast by Applications
10.10.1 Diagnosis
10.10.2 Monitoring
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Tricorder Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Tricorder Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Tricorder Market Size Forecast by Type
11.6.1 Wireless
11.6.2 Corded
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Tricorder Market Size Forecast by Applications
11.10.1 Diagnosis
11.10.2 Monitoring
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Tricorder Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Tricorder Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Tricorder Market Size Forecast by Type
12.6.1 Wireless
12.6.2 Corded
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Tricorder Market Size Forecast by Applications
12.10.1 Diagnosis
12.10.2 Monitoring
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Tricorder Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Tricorder Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Tricorder Market Size Forecast by Type
13.6.1 Wireless
13.6.2 Corded
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Tricorder Market Size Forecast by Applications
13.10.1 Diagnosis
13.10.2 Monitoring
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Tricorder Market: Competitive Dashboard
14.2 Global Medical Tricorder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Scanadu
14.3.2 QuantuMDx Group
14.3.3 Ibis Biosciences
14.3.4 Scanadu
