Healthcare Smart Diagnostic and Monitoring Medical Device mar | Página 2

The global smart diagnostic and monitoring medical device market is segmented
into product such as blood glucose monitors, heart rate monitors, pulse
oximeters, blood pressure monitors, breath analyzer, medical tricorder, blood
analytic analyzers and others. Among these segments, blood pressure monitors
occupied the biggest segment in 2016 and it is expected to garner at a notable
CAGR during the forecast period . Further, the growth of this segment is
attributed to increasing number of population affected with high blood pressure.
Likely, in 2015, 1.13 Billion people were affected with high blood pressure
all over the globe. Moreover, majority of the affected population are of
underdeveloped and developing nations . These factors are believed to flourish
the growth of global blood pressure monitors market.
Global smart diagnostic and monitoring medical device market is anticipated to
account a notable CAGR of 8.5% over the forecast period i.e. 2017-2024.
Moreover, the global smart diagnostic and monitoring medical device market is
projected to reach at exponential sales by the end of 2024. The market is
expected to expand on the back of increasing prevalence of chronic diseases and
rising awareness among the population towards healthcare devices.
The hospital segment by end-user is projected to capture the largest market of
smart diagnostic and monitoring medical device during the forecast period. In
terms of regional platform, with 38.6% market share in 2016, North America
region grabbed the largest market of smart diagnostic and monitoring medical
device. Further, U.S. and Canada are the prominent nations in this region owing
to presence of major key players. Apart from this, Asia-Pacific region is projected
to be the fastest growing smart diagnostic and monitoring medical device market
owing to growing geriatric population.
Rising Healthcare Expenditure
Favorable government initiatives to develop the healthcare infrastructure
coupled with increasing healthcare expenditure across the globe for e.g. in 2015,
U.S. health care spending increased to 5.8% to reach USD 3.2 trillion which is
believed to fuel the demand for smart diagnostic and monitoring medical device.
This factor is envisioned to foster the growth of smart diagnostic and monitoring
medical device market.
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