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PUBLISHER: Grand View Research | PRODUCT CODE: 1575132
PUBLISHER: Grand View Research | PRODUCT CODE: 1575132
Hi-Tech Medical Devices Market Size, Share & Trends Analysis Report By Product (Smartphones, Tablets, Smart Watches, Fitness Trackers), By Application (Handheld, Headband), By Region, And Segment Forecasts, 2024 - 2030
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PAGES: 80 Pages
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Hi-Tech Medical Devices Market Growth & Trends:
The global hi-tech medical devices market size is expected to reach USD 723.8 billion by 2030, expanding at a CAGR of 30.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Employee wellness programs along with enhanced precision, aesthetics, and durability of devices are among the primary growth stimulants for the market.
Market players are focusing on aesthetics while designing these devices as they are meant for daily wear. There are immense opportunities for players who are developing luxury watches and jewelry that have all features of smart wearables, which is certain to attract luxury spenders. New generation of consumers demands innovative luxury items with a blend of exclusivity, fashion, and connectivity, which serves as a key driver for the demand for hi-tech medical devices.
North America held a substantial share in the hi-tech medical devices market in 2017, due to the high accessibility of supportive infrastructures such as hi-speed internet connection, the presence of a raft of multinational companies, and increasing awareness among people. Besides, multinational companies (MNC) provide various schemes that allow users to buy devices at a lesser price. Asia Pacific is anticipated to witness a phenomenal growth in the coming years, owing to high unmet needs, improving healthcare infrastructure, and rising per capita expenditure. Moreover. presence of a large user base and booming economy, especially in India and China, are also bolstering the growth of the regional market.
Hi-Tech Medical Devices Market Report Highlights:
- Smartphones emerged as the largest segment owing to their integration with other devices such as smartwatches and fitness trackers
- Fitness trackers are expected to witness the fastest growth during the forecast period
- Handheld devices dominated the market in 2023. This can be attributed to the advent of innovative cameras, high-speed internet connection, larger storage capacity, and fast processers
- North America dominated the hi-tech medical devices market in 2023, owing to the existence of various multinational companies and the presence of supportive infrastructure such as hi-speed internet connection
- Some of the prominent companies operating in the market are Apple; Google; Adidas AG; Nike, Inc.; Samsung; Sony Corporation; Xiaomi; Elevate Healthcare Inc; and Medtronic.
Product Code: GVR-2-68038-461-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Hi-Tech Medical Devices Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Hi-Tech Medical Devices Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.4.1. Porter's Analysis
Chapter 4. Hi-Tech Medical Devices Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Hi-Tech Medical Devices Market: Product Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Smart Phones
- 4.3.1. Smart Phones Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Tablets
- 4.4.1. Tablets Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Smart Watches
- 4.5.1. Smart Watches Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Fitness Trackers
- 4.6.1. Fitness Trackers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Virtual Reality Sets
- 4.7.1. Virtual Reality Sets Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8. Others
- 4.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Hi-Tech Medical Devices Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Hi-Tech Medical Devices Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Handheld
- 5.3.1. Handheld Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Headband
- 5.4.1. Headband Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Strap, Clip, Bracelet
- 5.5.1. Strap, Clip, Bracelet Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Shoe Sensors
- 5.6.1. Shoe Sensors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Hi-Tech Medical Devices Market: Regional Estimates & Trend Analysis
- 6.1. Hi-Tech Medical Devices Market Share, By Region, 2023 & 2030 (USD Million)
- 6.2. North America
- 6.2.1. North America Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Canada Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. UK
- 6.3.2.1. UK Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Germany
- 6.3.3.1. Germany Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. France Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.5. Italy
- 6.3.5.1. Italy Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.6. Spain
- 6.3.6.1. Spain Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.7. Denmark
- 6.3.7.1. Denmark Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.8. Sweden
- 6.3.8.1. Sweden Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.9. Norway
- 6.3.9.1. Norway Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. China
- 6.4.2.1. China Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. Japan
- 6.4.3.1. Japan Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4. India
- 6.4.4.1. India Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5. South Korea
- 6.4.5.1. South Korea Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.6. Australia
- 6.4.6.1. Australia Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.7. South Korea
- 6.4.7.1. South Korea Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.8. Thailand
- 6.4.8.1. Thailand Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.3. Argentina
- 6.5.3.1. Argentina Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Saudi Arabia Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. UAE
- 6.6.3.1. UAE Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.4. South Africa
- 6.6.4.1. South Africa Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.5. Kuwait
- 6.6.5.1. Kuwait Hi-Tech Medical Devices Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis by Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles
- 7.4.1. Apple Inc.
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. Google Inc.
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. Xiaomi
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. Sony Corporation
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. Elevate Healthcare Inc.
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. Fitbit LLC.
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. Garmin Ltd.
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. Honeywell International Inc.
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. Medtronic
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. OMRON Healthcare, Inc.
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Recent Developments/ Strategic Initiatives
- 7.4.1. Apple Inc.
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