SMART MEDICAL DEVICES MARKET ANALYSIS

Regional Analysis

Regional Insights

On the basis of region, the global smart medical devices market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds the dominant position in the global smart medical devices market and is expected to retain its dominance over the forecast period, owing to technological advancements and broadened recommendation of healthcare professionals for the use of these devices. For instance, Cycadia Health, a U.S. based start-up introduced a novel product named iTBra in 2017 with inbuilt sensors that helps to keep track of patient’s breast health by monitoring the rhythmic pattern and conditions of the breast tissues.

Furthermore, Asia Pacific is expected to witness a significant growth in the market, owing to a massive pool of patients and innovative manufacturers delivering smart solutions to the market at marginally lower costs. For instance, Ten3T Healthcare Pvt Ltd, an Indian manufacturer developed Cicer, a wearable monitoring device that is capable of measuring ECG and other indicators such as heart rate, blood oxygen, and temperature in real time at affordable price.