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  • 25 June 2019 20:59

Hi-Tech Medical Device Industry Analysis 2018 - 2026

According to Acumen Research & Consulting, The global Hi-tech medical devices market size estimated to reach around USD 198.4 billion by 2026, this market is anticipated to grow with 30.4% CAGR during the forecast time period.

Theglobal Hi-tech medical devices market size estimated to reach around USD 198.4 billion by 2026, this market is anticipated to grow with 30.4% CAGR during the forecast time period. The integration of technology with medical devices has aided the medical sector in the diagnosis and treatment procedure. The hi-tech medical devices are medical equipment used for diagnosis and treatment of medical alignment, these devices employ stronger, accurate and reliable data for any medical condition that can help in choosing the medication.

The hi-tech medical devices market is expected to grow exponentially owing to driving factors such as, increase in health awareness among people, rise in prevalence of chronic diseases, higher demand for technologically advanced medical devices majorly in developed and developing countries.

North America was the main revenue contributor in 2018. The region is probably going to keep up its situation in the market through 2025, attributable to the nearness of various worldwide organizations, expanding mindfulness among individuals, and accessibility of steady framework, for example, hi-speed internet connection.

Furthermore, employee healthcare schemes by a few worldwide organizations enable clients to get these gadgets at limited costs. Also, broad use of wellbeing the board stages, for example, mHealth, telehealth, remote patient checking, remote counseling, and home medicinal services is enhancing the development of the provincial market.

The report covers all trends and technologies expected to play a major role in growth of the global Hi-tech medical devices market during the forecast period. It highlights drivers, restraints, and opportunities expected to influence the market from 2018 to 2026. The study provides a holistic perspective on the Hi-tech medical devices market, in terms of revenue (in US$ Mn) and volume (in million units), across different regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights key trends affecting the Hi-tech medical devices market at the global level. Prominent countries/sub-regions covered in the report include the U.S., Canada, Germany, France, the U.K., Italy, Russia, India, China, Japan, South Korea, South East Asia, GCC, South Africa, and Brazil.

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