Medical Equipment Industry Overview

Medical Sensors Market Definition

The medical sensors market consists of sales of medical sensors such as strip sensors, wearable sensors, implantable sensors and ingestible sensors. Medical sensors are electronic devices that detect and measure physiological data to aid monitoring, diagnosis and treatment of health conditions in humans.

Patient Monitoring Devices Market Definition

The patient monitoring devices market consists of the sales of patient monitoring devices and related services by entities (organizations, sole traders and partnerships) that manufacture patient monitoring devices used for monitoring vital health parameters. In this report, the two terms – ‘patient monitoring devices’ and ‘patient monitoring equipment’ – can be used interchangeably. This industry includes establishments that manufacture fetal and neonatal monitoring devices used to monitor heart rates in neonates and pregnant mothers, body weight and temperature monitoring devices, vital parameter monitoring devices used during surgeries, and remote patient monitoring devices.

Portable Ultrasound Devices Market Definition

The portable ultrasound devices market consists of the sales of portable ultrasound devices and related services by entities (organizations, sole traders and partnerships) that manufacture portable ultrasound devices for use in the healthcare industry. Ultrasound imaging is an imaging method in which high frequency sounds waves, usually 1-20 MHz, are transmitted into the body, encountering tissues, organs, fluids, gases, and bones. The waves are both absorbed and reflected by the different materials and interfaces within the human body. The reflection or echo, then returns back to the transmitter, forming an image of the target. A portable ultrasound device is a diagnostic imaging equipment that is small in size and light in weight, and can be moved easily from one place to other. These devices are easy to carry and useful for short duration treatments.

Portable X-ray Devices Market Definition

The portable X-ray devices market consists of the sales of portable X-ray devices by entities (organizations, sole traders and partnerships) that manufacture portable X-ray devices for use in the healthcare industry. A portable X-ray device is a wireless digital X-ray imaging device for mobile health providers such as doctors and first aid workers in field situations, during home care and in old age homes, as well as for medically oriented aid organizations, ships and offshore platforms. X-rays are a form of electromagnetic radiation of high energy and very short wavelength, which are able to pass through materials and solid objects, including the body. X-rays are used in a wide array of applications in a range of industries such as healthcare, security and art.

Blood Glucose Test Strips Market Definition

Blood glucose test strips are made from fabric material embedded with sensors, electrodes and enzymes. They are thin paper or plastic strips which help to monitor blood glucose levels and control diabetes symptoms. A test strip is composed of several layers. The top layer serves as a mini-sponge to soak up the blood sample. The middle layer acts as a filter to channel the blood sample to the reaction center. The next layer contains the enzyme that reacts with blood glucose. The bottom layer consists of a gold and palladium coated circuit that transfers reaction electrons to the meter for analysis. When blood is placed onto the test strip, it reacts with a chemical called glucose oxidase to produce gluconic acid from the glucose in the blood. The blood glucose meter then uses an algorithm to find the blood glucose level based on the difference in current between the terminals of the blood strip and the level of gluconic acid.

Major Orthopedic Joint Replacement Implants Market Definition

The major orthopedic replacement implants market includes implants used in knee and hip replacement surgical procedures. Hip and knee joint replacements are surgical procedures that aim to relieve pain and restore function.

Wearable Medical Devices Market Definition

The wearable medical devices market consists of sales of wearable medical devices and related goods by entities (organizations, sole traders and partnerships) that provide wearable medical devices. Wearable medical devices are small electronic products, often consisting of one or more sensors, and having computational capability. They are embedded into items that are attach to the body parts, such as head, feet, arms, wrists and waist. They can resemble a watch, eyeglasses, some clothing, contact lenses, shoes or even jewelry.

In-Vitro Diagnostics Market Characteristics

The in-vitro diagnostics devices (or) equipment manufacturing market consists of sales of in-vitro diagnostic equipment and related services by entities (organizations, sole traders and partnerships) that produce in-vitro diagnostics. This industry includes establishments that produce diagnostic devices used in microbiological diagnosis, hematological diagnosis, molecular diagnosis, point of care diagnosis and others.