The Global HealthTech Market Report studies extensive evaluation of the market growth predictions and restrictions. The strategies range from new product launches, expansions, agreements, joint ventures, partnerships, to acquisitions. This report comprises of a deep knowledge and information on what the market’s definition, classifications, applications, and engagements and also explains the drivers and restraints of the market which is derived from SWOT analysis. Global market analysis report helps a lot for the business and gives solutions to the toughest business questions. The research and analysis have been carried out with one step or the combination of several steps depending upon the business and client necessities.
In terms of revenue, global healthtech market was valued at US$ 96.11 Bn in 2019 growing at a CAGR of +19% over the forecast period (2021-2030). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
Some of the Key Players Operating in the Global HealthTech Market include: Agfa-Gevaert Group, Ambu A/S, BD, bioMérieux SA, Boston Scientific Corporation, Coloplast Corp, Dentsply Sirona, Edwards Lifesciences Corporation, Essilor, General Electric Company, IBM Watson Health, Illumina, Inc., Institut Straumann AG, Intuitive Surgical, Johnson & Johnson Services, Inc., Koninklijke Philips N.V., Medtronic, Microsoft, Myriad Genetics, Inc., PathAI, inc., QIAGEN, Sanofi, Sartorius AG, Smith & Nephew, Sonova, Stryker, Thermo Fisher Scientific, Touch Surgery, Verily Life Sciences LLC, Zimmer Biomet, and Other Market Participants.
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The competitive landscape of the market study contains a broader analysis on the regions including North America, Europe, Asia Pacific, The Middle East and Africa, Latin America which are expected to capture the core essence of the market in its widest category. The list covers significant players that manage the industry based on overall system production capabilities, environmental contributions, appropriate channels, and territorial nearness through a system of primary and secondary research methodologies further followed by an in-house analytical model. Furthermore, income generated and a generalized market share for the market is showcased with the help of charts, graphs, and tables. In addition, the report also contains major collaborations, mergers and acquisitions, leading market trends, and business policies are evaluated. The study contains primary and secondary information that pertains to the HealthTech market in terms of global status, market size, growth forecasts, trends, segments and a detailed forecast.
Healthcare technology, more commonly referred to as ‘HealthTech’ denotes the implementation of technologies for improving the overall healthcare system. The equipment and solutions offered in the healthtech market enhances the overall productivity and efficiency of care provided by the healthcare providers. Rising venture investment in technology-based drug discovery has experienced a surge over the years. For instance, according to studies, the funding received for artificial intelligence in drug discovery increased from US$ 745.2 Mn in 2018 to US$ 1400 Mn in 2019. This rising investment by venture capitalists is increasing the adoption of technologies such as artificial intelligence and machine learning in drug discovery and development procedures, which is contributing towards the growth of the global healthtech market. The growing prevalence of robotics across the healthcare industry, to enhance the efficiency of care provided by the healthcare providers, are expected to influence the market growth over the forecast period. According to studies, approximately 250,000 people die every year in the United States owing to human-made medical errors. This rise in fatal errors by humans in the medical industry is influencing the adoption of robots for better assistance and minimizing the risk of error in patients’ treatment. For instance, the da Vinci surgical robot, developed by Intuitive Surgical, enables surgeons to have precise control over various procedures. The robots help in more tiny and exact incision compared to human hands, thereby, making the surgery less invasive than traditional surgeries. Similar factors are influencing the adoption of robotics across the healthcare systems, and is anticipated to propel the growth of healthtech market over the forecast period.
The outbreak of the corona virus is expected to positively impact the global healthtech market over the forecast period. The rise in covid-19 patients across countries like United States, India, France, Germany and Italy amongst others coupled with the rising criticality among the patients is accelerating the demand for oxygen. For instance, according to studies, the demand for medical oxygen has increased from an average of 120 metric tonnes per day in the pre-coronavirus period to an average of 600 metric tonnes per day presently, across hospitals. This is expected to increase the demand of anaesthetic respiratory technology equipment, which is anticipated to further contribute towards the growth of the global healthtech market over the forecast period.
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Key Insights of the Report:
- The report provides key statistics on the market status of the HealthTech manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
- The report presents the company profile, product specifications, capacity, production value, and 2021-2030 market shares for key vendors.
- The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
- The report estimates 2021-2030 market development trends of HealthTech industry.
- Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
- The report makes some important proposals for a new project of HealthTech Industry before evaluating its feasibility.
Cumulative Impact Covid-19:
This study presents insights on COVID-19 in consumer behavior and shifts in demand, purchasing patterns, supply chain reorganization, market forces dynamics and substantial government involvement. The new research provides insights, analyses, estimates and forecasts in view of COVID-19’s effect on the markets. The HealthTech market report delivers a solid watch on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends and a generalized overview of the market. The HealthTech market is a detailed study packed with primary and secondary market drivers, market share, leading segments, and an apt geographical analysis.
Key Questions Answered in this Report:
- What will be the size of the market and the pace of growth in 2030?
- What are the primary drivers of the worldwide market?
- What are the main market trends that have an impact on global market growth?
- Which are the market growth challenges?
- Who are the main global market suppliers?
- What are the worldwide market opportunities and challenges for sellers?
- What are the primary results of the global HealthTech Market five-point analysis?
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Global HealthTech Market:
- Diagnostic Imaging
- In-Vitro Diagnostics
- Class A
- Class B
- Class C
- Class D
- Wound Management
- Drug Delivery
- General and Plastic Surgery
By Product Categories
- Active implantable Technology
- Cardiac Pacemakers
- Anesthetic Respiratory Technology
- Oxygen Mask
- Gas Delivery Unit
- Dental Technology
- Dentistry tools
- Electromechanical Medical Technology
- X-ray Machine
- Hospital Hardware
- In-vitro Diagnostics Technology
- Pregnancy Test
- Genetic Test
- Glucose Strip
- Non-active implantable Technology
- Ophthalmic and Optical Technology
- Contact Lenses
- Intraocular Lenses
- Reusable instruments
- Surgical Instruments
- Anesthesia Apparatuses
- Blood Transfusion Devices
- Hypodermic Needles
- Rigid Endoscopes
- Blood Pressure Cuffs
- Single Use Technology
- Technical Aids for Disabled
- Walking Frames
- Hearing Aids
- Diagnostic and Therapeutic Radiation Technology
- Complementary therapy devices
- Acupuncture Needles/devices
- Bio-Energy Mapping Systems/Software
- Moxibustion Devices
- Biological-derived Devices
- Healthcare Facility Products and Adaptations
- Laboratory Equipment
By End Users
- Laboratory Institutes
- Research Institutions
- Healthcare Payers
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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