Medical Tricorder Market (By Type: USB Camera, Fiber Optic Camera, Wireless, Corded, Others; By Application: Diagnosis, Monitoring, Others; By End-User: Hospitals, Clinics, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032
The global medical tricorder market size was valued at USD 4 billion in 2022 and is expected to hit around USD 12.7 billion by 2032, growing at a registered CAGR of 12.3% during the forecast period 2023 to 2032.
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On the basis of region, the medical tricorder market is used in North America, Europe, Latin America, Asia Pacific regions. The North American region dominates the use of tricorders, followed by Europe. In Asia Pacific regions due to the favorable reimbursement policy and increase in the healthcare the North American market is dominating the market share. Technological advancements in the infrastructure and an increased disposable income has also led to a growth in all of these regions.
The Asia Pacific region provides many opportunities for the growth of this market. There is an increased awareness among the patients and favorable government initiatives that are creating opportunities for the growth of this market.
A medical tricorder is a handheld and a portable scanning device which is used by various consumers to diagnose medical conditions and take the basic body vital measurements within seconds. The market for the medical tricorder is expected to grow during the forecast period due to various cardiovascular diseases and an increase in the awareness of these diseases among the patients. Nations are investing in technological advancements and research and development activities. In order to see the growth of this market medical tricorder comes with a detachable handheld scanner with high resolution that transmits the vital data to the tricorder. The companies that function in medical tricorders are focusing on developing technological solutions, in order to strengthen the position of medical tricorders.
Demand for medical tricorder devices had raised during the pandemic as people wanted to self-diagnose at home in order to generate the temperature and other body vitals. In order to avoid any possibility of spread of COVID-19 the patients were refraining for visiting doctors and hence the tricorder was used largely during the pandemic. Extensive use of the medical tricorder in diagnosing various body vitals during the pandemic has been a boon as helped in avoiding excessive human interactions.
As this device is used by the consumers to self diagnose any medical condition. It is known as a medical tricorder and it helps in taking the basic vital measurements. Like the body temperature or even the heart rate within a few seconds. Rapid technological advancements and increasing support from the government in the research and development activities in this field had led to a growth in the market. Healthy lifestyle and Increase in chronic ailments among the consumers, the market is expected to see a good growth during the forecast. Due to lack of any exercise and an increased sedentary lifestyle, diabetes, chronic renal disease, obesity and strokes are reported. Constant monitoring of various signs in case of all these chronic diseases poses a demand for the medical tricorder.
Due to the prevailing chronic diseases the market is expected to have a good revenue growth. There's an increased demand from the health care providers, which will help them in diagnosing the patients with various conditions. Around 50.1% of the individuals across the world have undiagnosed diabetes. This was a research according to the International Diabetes Federation's diabetes atlas. Diagnosis of such chronic diseases is an important factor and it will help in the growth of the medical tricorder devices in the forecast period.
| Report Coverage | Details |
| Market Size in 2023 | USD 4.47 Billion |
| Market Size by 2032 | USD 12.7 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 12.3% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Type, Application, End-User, Geography |
| Companies Mentioned | Basil Leaf Technologies, Healthy.io, Ionis Pharmaceutical, Fujikura, Basler, QuantuMD, Cloud DX, Qualcomm Technologies, Hamamatsu Photonics |
On the basis of the type, the global market for medical tricorder is categorized into fiber optic camera, wireless, corded, USB camera and others. The wireless segment had the largest market share during the recent years and it is expected to have a good growth during the forecast due to an extensive deployment of wireless medical tricorders. The end users across the nations had led to an increase in the market share without the performance of any invasive diagnostic tests, many health parameters of the patients can be noted.
The global medical tricorder has use at many places like hospitals and ambulatory surgical centers or others. Hospital segment should have upward growth during the forecast period during the presence of a large amount of patients that visit the hospitals daily. As the hospitals are increasing and extremely accessible to patients there is a growth in this market. The demand for the medical tricorder is expected to grow during the forecast period as there are many reimbursement policies that boost the market.
Due to an increase in the demand for outpatients, the ambulatory surgical centers are also making use of the medical tricorders. The market for medical tricorders has grown in the health care systems due to the use for diagnosis of patients by various doctors, surgeons, clinicians and nurses. This segment has show great growth during the pandemic as it was able to diagnose the patient by keeping safe distance.
The basis of application the global market shall be categorized into monitoring, diagnosis and other applications. The diagnosis segment is expected to have the largest share during the forecast period and it has grown well in the recent years. In the recent years, due to pandemic there is a wide use of medical tricorders attempts in diagnosing many chronic diseases like cancer, asthma, Diabetes, cardiovascular diseases, tuberculosis, stroke, arthritis and dementia. Advancement in the healthcare technologies and adoption of increasing diagnostic devices has led to the growth in the market. The sedentary lifestyle has led to many diseases, and as the consumers are aware of these lifestyle related diseases, the use of medical recorders is expected to grow.
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By Type
By Application
By End-User
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Medical Tricorder Market
5.1. COVID-19 Landscape: Medical Tricorder Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Medical Tricorder Market, By Type
8.1. Medical Tricorder Market, by Type, 2023-2032
8.1.1 USB Camera
8.1.1.1. Market Revenue and Forecast (2021-2032)
8.1.2. Fiber Optic Camera
8.1.2.1. Market Revenue and Forecast (2021-2032)
8.1.3. Wireless
8.1.3.1. Market Revenue and Forecast (2021-2032)
8.1.3. Corded
8.1.3.1. Market Revenue and Forecast (2021-2032)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2021-2032)
Chapter 9. Global Medical Tricorder Market, By Application
9.1. Medical Tricorder Market, by Application, 2023-2032
9.1.1. Diagnosis
9.1.1.1. Market Revenue and Forecast (2021-2032)
9.1.2. Monitoring
9.1.2.1. Market Revenue and Forecast (2021-2032)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2021-2032)
Chapter 10. Global Medical Tricorder Market, By End-User
10.1. Medical Tricorder Market, by End-User, 2023-2032
10.1.1. Hospitals
10.1.1.1. Market Revenue and Forecast (2021-2032)
10.1.2. Clinics
10.1.2.1. Market Revenue and Forecast (2021-2032)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2021-2032)
Chapter 11. Global Medical Tricorder Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2021-2032)
11.1.2. Market Revenue and Forecast, by Application (2021-2032)
11.1.3. Market Revenue and Forecast, by End-User (2021-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Type (2021-2032)
11.1.4.2. Market Revenue and Forecast, by Application (2021-2032)
11.1.4.3. Market Revenue and Forecast, by End-User (2021-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Type (2021-2032)
11.1.5.2. Market Revenue and Forecast, by Application (2021-2032)
11.1.5.3. Market Revenue and Forecast, by End-User (2021-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2021-2032)
11.2.2. Market Revenue and Forecast, by Application (2021-2032)
11.2.3. Market Revenue and Forecast, by End-User (2021-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Type (2021-2032)
11.2.4.2. Market Revenue and Forecast, by Application (2021-2032)
11.2.4.3. Market Revenue and Forecast, by End-User (2021-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Type (2021-2032)
11.2.5.2. Market Revenue and Forecast, by Application (2021-2032)
11.2.5.3. Market Revenue and Forecast, by End-User (2021-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Type (2021-2032)
11.2.6.2. Market Revenue and Forecast, by Application (2021-2032)
11.2.6.3. Market Revenue and Forecast, by End-User (2021-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Type (2021-2032)
11.2.7.2. Market Revenue and Forecast, by Application (2021-2032)
11.2.7.3. Market Revenue and Forecast, by End-User (2021-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2021-2032)
11.3.2. Market Revenue and Forecast, by Application (2021-2032)
11.3.3. Market Revenue and Forecast, by End-User (2021-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Type (2021-2032)
11.3.4.2. Market Revenue and Forecast, by Application (2021-2032)
11.3.4.3. Market Revenue and Forecast, by End-User (2021-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Type (2021-2032)
11.3.5.2. Market Revenue and Forecast, by Application (2021-2032)
11.3.5.3. Market Revenue and Forecast, by End-User (2021-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Type (2021-2032)
11.3.6.2. Market Revenue and Forecast, by Application (2021-2032)
11.3.6.3. Market Revenue and Forecast, by End-User (2021-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Type (2021-2032)
11.3.7.2. Market Revenue and Forecast, by Application (2021-2032)
11.3.7.3. Market Revenue and Forecast, by End-User (2021-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2021-2032)
11.4.2. Market Revenue and Forecast, by Application (2021-2032)
11.4.3. Market Revenue and Forecast, by End-User (2021-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Type (2021-2032)
11.4.4.2. Market Revenue and Forecast, by Application (2021-2032)
11.4.4.3. Market Revenue and Forecast, by End-User (2021-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Type (2021-2032)
11.4.5.2. Market Revenue and Forecast, by Application (2021-2032)
11.4.5.3. Market Revenue and Forecast, by End-User (2021-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Type (2021-2032)
11.4.6.2. Market Revenue and Forecast, by Application (2021-2032)
11.4.6.3. Market Revenue and Forecast, by End-User (2021-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Type (2021-2032)
11.4.7.2. Market Revenue and Forecast, by Application (2021-2032)
11.4.7.3. Market Revenue and Forecast, by End-User (2021-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2021-2032)
11.5.2. Market Revenue and Forecast, by Application (2021-2032)
11.5.3. Market Revenue and Forecast, by End-User (2021-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Type (2021-2032)
11.5.4.2. Market Revenue and Forecast, by Application (2021-2032)
11.5.4.3. Market Revenue and Forecast, by End-User (2021-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Type (2021-2032)
11.5.5.2. Market Revenue and Forecast, by Application (2021-2032)
11.5.5.3. Market Revenue and Forecast, by End-User (2021-2032)
Chapter 12. Company Profiles
12.1. Basil Leaf Technologies
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Healthy.io
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Ionis Pharmaceutical
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Fujikura
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Basler
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. QuantuMD
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Cloud DX
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Qualcomm Technologies
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Hamamatsu Photonics
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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