Smart Medical Devices Market to Get Bolstered by COVID-19 Crisis - Industry 2020, Software and Services, Demand and Forecast to 2023

Global Smart Medical Devices Market Research Report: By Type (On-body (adhesive patch), Off-body (belt clip), Hand-held), By Technology (Spring-based, Motor-driven, Rotary Pump, Expanding Battery, Pressurized Gas), By Application (Oncology, Diabetes, Auto-Immune Disorders, Infectious Diseases) and By End-Use (Hospital, Clinic, Home Care Settings) – Forecast to 2023

The global report on the smart medical devices market is showing signs of progress as the increasing infrastructural investment is making an impact on the market. According to Market Research Future (MRFR), the prospect of the market depends largely on its acceptability. The market has been able to pull that off so far, with a few drawbacks that can be eliminated using further studies. Inclusion of advanced technologies, initiatives taken by governments, and others are expected to make sure the market makes progress. The rising telemedicine sector is also expected to boost its prospect.

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Smart Medical Devices Market Segmentation:

The global market for smart medical devices has been segmented by MRFR experts to understand how much the market can gain in the coming years. This analysis depends on an in-depth study of factors and dynamics.

By type, the global market for smart medical devices has been segmented into on-body, off-body, and handheld. The on-body segment is getting significant traction in tracking and monitoring patients.

By technology, the global study of the smart medical devices market has been segmented into the rotary pump, motor-driven, expanding battery, spring-based, collapsible reservoir, pressurized gas, and others.

By applications, the global study of the smart medical devices market includes infectious diseases, oncology, cardiovascular diseases, diabetes, auto-immune disorders, and others.

By end-users, the global study containing details of the smart medical devices include hospital, clinic, ambulatory services, home care setting, and others.

Smart Medical Devices Market Regional Analysis:

The Americas is making significant progress in the market by investing much in research and development. High healthcare investment is also creating scope for the inclusion of latest technologies in countries like the US and Canada, which can inspire the market growth.

Smart Medical Devices Market Competitive Landscape:

Johnson & Johnson Services, Inc., Becton Dickinson and Company, Amgen, Inc., F. Hoffmann-La Roche Ltd., Debiotech S.A., SteadyMed Therapeutics, Inc., Unilife Corporation, Enable Injections, Insulet Corporation, West Pharmaceutical Services, Inc., Sensile Medical AG, and CeQur SA are some of the companies getting involved in making substantial changes in the global smart medical devices market. These companies and their extensive strategic moves are expected to ensure that the market moves ahead at a substantial speed. The research and development sector plays a prominent role in taking the market forward as it creates scope to outdo others by launching innovations. In addition, it helps in developing structures to maximize product percolation. MRFR included the latest proceedings inspired by these companies to understand how the market is moving forward.

Industry News:

In May 2020, Smart Medical Systems announced that the company had received FDA 510 (K) clearance, which would help them to move on with the G-Eye Colonoscope studied. The device can be described as a standard colonoscope with the ability to install the company’s G-Eye balloon on the colonoscope’s distal bending section. The G-Eye then gets inserted by an inflated balloon. Operators can then inflate the balloon to engage the colon lumen after the colon is intubated.

In March 2020, Bloomer Tech raised around USD 3 million to inspire further research related to their smart bras that can also detect the chances of heart attacks. The company is based in Cambridge, Massachusetts.

The recent crisis related to COVID-19 is changing the global smart medical devices market. This is due to the growing demand to identify asymptomatic patients and prevent the spreading of the disease further. In fact, the global market has also answered the call and is investing substantially in the market to develop better devices.

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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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