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$8.2 Billion Worldwide Smart Medical Devices Industry to 2027 - Impact of COVID-19 on the Market

·2-min read

Dublin, June 21, 2021 (GLOBE NEWSWIRE) -- The "Smart Medical Devices - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Smart Medical Devices estimated at US$8.2 Billion in the year 2020, is projected to reach a revised size of US$30.7 Billion by 2027, growing at a CAGR of 20.8% over the period 2020-2027.

Diagnostics & Monitoring Devices, one of the segments analyzed in the report, is projected to record 19.9% CAGR and reach US$19.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Therapeutic Devices segment is readjusted to a revised 22.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 20.4% CAGR

The Smart Medical Devices market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2027 trailing a CAGR of 20.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.7% and 17.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.5% CAGR.

Select Competitors (Total 35 Featured):

  • Abbott Laboratories

  • Apple Inc.

  • Dexcom, Inc.

  • Everist Genomics

  • F.Hoffmann-La Roche Ltd.

  • Fitbit, Inc.

  • Johnson & Johnson

  • Medtronic plc.

  • NeuroMetrix, Inc.

  • Omron Corporation

  • Philips Electronics

  • Samsung Electronics Co., Ltd

  • Sonova

  • Sotera Wireless

  • Vital Connect

  • Zephyr Technology Corporation

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 35

For more information about this report visit https://www.researchandmarkets.com/r/jh7q82

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


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