Market Overview:
The global medical or healthcare market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in the medical or healthcare sector. By type, the regular scales segment is expected to hold the largest share of the global medical or healthcare market during the forecast period. This segment is projected to grow at a CAGR of 7% from 2018 to 2030. By application, hospitals are expected to account for the largest share of this market during the forecast period.
Product Definition:
Medical or healthcare is the term used to describe the industry that provides care for people's health. The importance of medical or healthcare is that it keeps people healthy and helps them when they are not feeling well.
Regular Scales:
Regular scales are those that can be used for weighing people, objects or fluids regularly and accurately. They are also known as balance scales. These devices have a platform on which the weight is placed and then the person, object or liquid to be measured is added on top of it. The regularity with which these instruments can measure depends upon its construction and type of mechanism used for performing accurate measurements at a consistent rate under all conditions without any variation in accuracy due to changes in temperature etc.
Wheelchair Scales:
A wheelchair scale is a device used to measure the weight of a patient in a chair or bed using resistance-based technology. It is mainly used by medical and healthcare professionals to accurately determine if the patient being transported is within safe weight limits for moving.
The wheelchairs are designed according to different parameters such as length, width, height, seat depth and material (plastic or metal), load capacity (of passengers), turning radius and gradeability.
Application Insights:
The hospital segment dominated the global medical or healthcare market in 2017. The segment is expected to witness significant growth over the forecast period owing to an increase in demand for advanced equipment and technology for diagnosing diseases and carrying out surgeries. For instance, hospitals are making use of robot-assisted surgery machines that assist surgeons during complex procedures such as cardiac surgeries, gynecological surgeries, urological (urinary tract) surgeries, etc. Additionally, technological advancements have led to a reduction in the size of surgical instruments which has further reduced their cost resulting in increased demand across hospitals globally.
Household scales are used by patients who weigh less than 220 pounds (100 kg). These devices can help patients maintain their health by helping them lose weight safely and effectively while ensuring they consume required calories daily without exceeding them.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of players coupled with high adoption rate for advanced medical equipment is expected to drive the regional demand over the forecast period. In addition, favorable reimbursement policies are also anticipated to fuel growth during the same period.
Asia Pacific is estimated to be one of fastest-growing regions during the forecast years owing to rising healthcare expenditure and increasing prevalence of chronic diseases in emerging countries such as China and India. Moreover, government initiatives encouraging private investment in healthcare infrastructure development are likely boost growth further on account of increased spending power among middle-class income groups that can now afford better treatment options than their counterparts back home.
Growth Factors:
- Increasing incidence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. The medical and healthcare market is thus expected to grow significantly in the coming years as more and more people require treatment for various chronic conditions.
- Rising demand for innovative treatments: With technological advancements taking place at a rapid pace, patients are increasingly demanding access to innovative treatments and therapies. This is providing a major boost to the medical and healthcare market as pharmaceutical companies invest heavily in research and development (R&D) activities aimed at developing new drugs and therapies.
- Growing geriatric population: The global geriatric population is growing rapidly, with the number of elderly people expected to exceed 1 billion by 2030. This presents a huge opportunity for players in the medical and healthcare market as this segment typically requires more specialized care than other age groups do. In addition, governments around the world are investing heavily in programs aimed at improving access to health care services for seniors citizens, which will further fuel growth in this market segment over the next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical or Healthcare Market Research Report
By Type
Regular Scales, Wheelchair Scales, Infant & Baby Scales, Others
By Application
Hospital, Household, Others
By Companies
Seca Medical, Tanita, KERN & SOHN, Detecto, A&D, Health-O-Meter, Natus Medical, Shekel Scales, MyWeigh, SR Instruments, Radwag, Befour
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Medical or Healthcare Market Report Segments:
The global Medical or Healthcare market is segmented on the basis of:
Types
Regular Scales, Wheelchair Scales, Infant & Baby Scales, Others
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
Hospital, Household, 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:
- Seca Medical
- Tanita
- KERN & SOHN
- Detecto
- A&D
- Health-O-Meter
- Natus Medical
- Shekel Scales
- MyWeigh
- SR Instruments
- Radwag
- Befour
Highlights of The Medical or Healthcare 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:
- Regular Scales
- Wheelchair Scales
- Infant & Baby Scales
- Others
- By Application:
- Hospital
- Household
- 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 or Healthcare 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?
Medical or healthcare is the provision of medical services and products to individuals. Healthcare can be provided in a variety of ways, including in hospitals, clinics, pharmacies, and other health care facilities. Healthcare also includes the prevention and treatment of diseases and conditions through medications, surgery, physical therapy, etc.
Some of the major companies in the medical or healthcare market are Seca Medical, Tanita, KERN & SOHN, Detecto, A&D, Health-O-Meter, Natus Medical, Shekel Scales, MyWeigh, SR Instruments, Radwag, Befour.
The medical or healthcare market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical or Healthcare Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical or Healthcare Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical or Healthcare Market - Supply Chain
4.5. Global Medical or Healthcare Market Forecast
4.5.1. Medical or Healthcare Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical or Healthcare Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical or Healthcare Market Absolute $ Opportunity
5. Global Medical or Healthcare Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical or Healthcare Market Size and Volume Forecast by Type
5.3.1. Regular Scales
5.3.2. Wheelchair Scales
5.3.3. Infant & Baby Scales
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical or Healthcare Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical or Healthcare Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Household
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical or Healthcare Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical or Healthcare Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical or Healthcare Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Medical or Healthcare Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Medical or Healthcare Demand Share Forecast, 2019-2026
9. North America Medical or Healthcare Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Medical or Healthcare Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Medical or Healthcare Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Household
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical or Healthcare Market Size and Volume Forecast by Type
9.7.1. Regular Scales
9.7.2. Wheelchair Scales
9.7.3. Infant & Baby Scales
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical or Healthcare Demand Share Forecast, 2019-2026
10. Latin America Medical or Healthcare Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Medical or Healthcare Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Medical or Healthcare Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Household
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical or Healthcare Market Size and Volume Forecast by Type
10.7.1. Regular Scales
10.7.2. Wheelchair Scales
10.7.3. Infant & Baby Scales
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical or Healthcare Demand Share Forecast, 2019-2026
11. Europe Medical or Healthcare Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Medical or Healthcare Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Medical or Healthcare Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Household
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical or Healthcare Market Size and Volume Forecast by Type
11.7.1. Regular Scales
11.7.2. Wheelchair Scales
11.7.3. Infant & Baby Scales
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical or Healthcare Demand Share, 2019-2026
12. Asia Pacific Medical or Healthcare Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Medical or Healthcare Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Medical or Healthcare Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Household
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical or Healthcare Market Size and Volume Forecast by Type
12.7.1. Regular Scales
12.7.2. Wheelchair Scales
12.7.3. Infant & Baby Scales
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical or Healthcare Demand Share, 2019-2026
13. Middle East & Africa Medical or Healthcare Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical or Healthcare Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Medical or Healthcare Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Household
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical or Healthcare Market Size and Volume Forecast by Type
13.7.1. Regular Scales
13.7.2. Wheelchair Scales
13.7.3. Infant & Baby Scales
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical or Healthcare Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical or Healthcare Market: Market Share Analysis
14.2. Medical or Healthcare Distributors and Customers
14.3. Medical or Healthcare Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Seca Medical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tanita
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. KERN & SOHN
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Detecto
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. A&D
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Health-O-Meter
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Natus Medical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shekel Scales
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MyWeigh
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SR Instruments
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Radwag
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Befour
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
