The medical tricorder market consists of sales of medical tricorder devices by entities (organizations, sole traders, and partnerships) that come with a detachable, high-resolution hand-held scanner that transmits vital signs data to the tricorder. A medical tricorder is a handheld scanning gadget that enables users to diagnose medical problems and collect basic vital signs in seconds.
Global Medical Tricorder Market Size And Drivers:
The global medical tricorder market is expected to grow from $3.33 billion in 2020 to $3.76 billion in 2021 at a compound annual growth rate (CAGR) of 12.7%. The change in growth trend in the medical tricorder market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The medical tricorder market is expected to reach $5.34 billion in 2025 at a CAGR of 9.2%. The increase in the number of chronic illnesses such as cardiovascular diseases and diabetes is contributing to the growth of the medical tricorder market.
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Trends In The Global Medical Tricorder Market
The growing technological advancement is a key trend gaining popularity in the medical tricorder market. Major companies operating in the medical tricorder market focused on developing technological solutions for medical tricorder devices to strengthen their position. For instance, in May 2020, Apple, a US-based technology company has bought the medical tricorder closer to reality by using AR technology through Butterfly Network, a US-based digital health company. Pregnancies, possibly fractured bones, and even lung diseases are the features of the Butterfly Network. Doctors are currently using the technology to screen for evidence of COVID-19-related lung damage remotely.
Global Medical Tricorder Market Segments:
The global medical tricorder market is further segmented –
By Type: USB Camera, Fiber Optic Camera, Wireless, Corded, Others
By Application: Diagnosis, Monitoring, Others
By End User: Hospitals, Clinics, Others
By Geography: The global medical tricorder market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the North American medical tricorder market accounts for the largest share in the global medical tricorder market.
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Medical Tricorder Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides medical tricorder market overviews, analyzes and forecasts market size and growth for the global medical tricorder market, medical tricorder market share, medical tricorder market players, medical tricorder market segments and geographies, medical tricorder market’s leading competitors’ revenues, profiles and market shares. The medical tricorder market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
