Fitness Trends Smart Medical Devices Market | Página 3

Regional Insights
On the basis of region, the global smart medical devices market is segmented into North
America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds the
dominant position in the global smart medical devices market and is expected to retain its
dominance over the forecast period, owing to technological advancements and broadened
recommendation of healthcare professionals for the use of these devices. For instance, Cycadia
Health, a U.S. based start-up introduced a novel product named iTBra in 2017 with inbuilt
sensors that helps to keep track of patient’s breast health by monitoring the rhythmic pattern
and conditions of the breast tissues.
Furthermore, Asia Pacific is expected to witness a significant growth in the market, owing to a
massive pool of patients and innovative manufacturers delivering smart solutions to the market
at marginally lower costs. For instance, Ten3T Healthcare Pvt Ltd, an Indian manufacturer
developed Cicer, a wearable monitoring device that is capable of measuring ECG and other
indicators such as heart rate, blood oxygen, and temperature in real time at affordable price.
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Competitive Insights
The key players operating in the global smart medical devices market include Apple, Inc.,
Fitbit, Inc., F. Hoffmann-La-Roche, Abbott Laboratories, Medtronic Plc, Dexcom, Inc.,
NeuroMatrix, Inc., Johnson & Johnson, and others. Market players are focused towards
providing technologically advanced products to sustain their presence in the market. For
instance, in April 2018, Teradata introduced the first 4D analytics that can be used in wearable
and personal medical devices to translate the three dimensional geospatial location data with
time as the fourth dimension.
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