The "Medical Tricorder Market Share, Size & Trends Analysis Report, By Type; By Application; By End-Use; By Regions; Segment Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global medical tricorder market size is expected to reach USD 4,902.6 million by 2027
Medical tricorder refers to the portable and handheld scanning device that is being deployed by the consumers for self-diagnosing the medical conditions in minimal time. The device is still not launched in the market for mass usage and the researchers are still working on it to enhance the features of the device.
It may also be used as a general tool to measure key health parameters such as blood flow, temperature, and blood pressure. It is being deployed for the diagnosis of the patient's health through the analysis of their key health parameters. Medical tricorder performs the diagnosis either through accessing the medical records database by using the internet connectivity otherwise as an individual device.
The primary factors driving the global market comprises of substantial advancements in medical tricorder and the need for self-diagnosis of key medical parameters by patients themselves. For instance, according to the Tricorder Competition, 2013-17; HTC has implemented artificial intelligence (AI), vital sense, optical sense, and symptom checker in its newly developed DeepQ tricorder device.
The television shows depicted medical tricorder as a hand-held device that has high-resolution, detachable and it's used for sending key life-sign details to tricorder device itself. It is also capable of checking all key organ functionalities while even studying the human physiology and identifying whether there's presence of any lethal organism. Moreover, the fictional medical tricorder device shown in the television series also has a data bank containing vital information regarding non-human race and referred to as the Federation. Hence, the device was able to possibly treat different life-forms.
Some of the specific functions of medical tricorder device includes, precise disease diagnosis, displaying the live personal health information including, the heart rate and active health monitoring. Moreover, some other functions include, confirming immediately whether the person is feeling healthy otherwise there's medical issue while finally, summarizing the overall health statistics of a person.
According to the Institute for Immersive Learning June 2020 publication, the augmented reality (AR) driven ultrasound technology of Apple's Butterfly Network assist the doctors to guide people for their own home-based scans which brings the medical tricorder device concept very close to reality. Key market participants include, Ibis Biosciences, QuantuMDx Group Ltd., Cloud DX, Qualcomm Technologies, Inc., Ionis Pharmaceutical, Welfo Fiber Optics, Basil Leaf Technologies, LLC, Basler AG, Fujikura Ltd., Scanadu, and Hamamatsu Photonics K.K. are certain major players that are operational in the global market.
In addition, according to the Jewish Business News August 2020 publication, PulseNmore has launched a portable ultrasound device that allows to easily perform ultrasound scan or pregnant women at home. The ultrasound scans from the device can be quickly sent to the gynaecologists or any concerned physician on their smartphones or any other handheld device for further medical advice and intervention. PulseNmore has partnered with Clalit, a healthcare organization in Israel to drive the distribution and usage of this handheld ultrasound devices among the Israeli women.
The market players are primarily focusing on performing extensive research to boost development of novel medical tricorders that could enable people for self-diagnosis of various health conditions. For instance, according to the NBC Universal May 2017 news publication, Basil Harris and other researchers are consistently involved in developing a cost-effective and highly advanced device which is capable of performing medical diagnosis within merely few minutes.
Key Topics Covered:
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Medical Tricorder Market Insights
4.1. Medical Tricorder - Industry snapshot
4.2. Medical Tricorder Market Dynamics
4.2.1. Drivers and Opportunities
18.104.22.168. Innovations in the concerned Type
22.214.171.124. Growing preference towards minimal invasive procedures
4.2.2. Restraints and Challenges
126.96.36.199. Type recalls and failures
4.3. Porter's Five Forces Analysis
4.4. PESTLE Analysis
4.5. Medical Tricorder Market Industry trends
5. Medical Tricorder Market Assessment by Type
5.1. Key Findings
5.3. USB Camera
5.4. Fiber Optic Camera
6. Medical Tricorder Market, by Application
6.1. Key Findings
6.3. Cobalt Chromium
7. Medical Tricorder Market Assessment by End-Use
7.1. Key Findings
7.5. Pharmaceutical Companies
8. Medical Tricorder Market Assessment by Geography
8.1. Key findings
8.2.1. Medical Tricorder Market Assessment, By Geography, 2016-2027 (USD Million)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
10. Company Profiles
QuantuMDx Group Ltd.
Qualcomm Technologies Inc.
Basil Leaf Technologies LLC
Welfo Fiber Optics
Hamamatsu Photonics K.K.
For more information about this report visit https://www.researchandmarkets.com/r/ssw7ao
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