Global Medical Tricorder Market is valued at USD 3425.4 Million in 2021 and is expected to reach USD 5411.2 Million by 2028 with a CAGR of 6.75% over the forecast period. Increasing number chronic diseases such as cardiovascular, diabetics, and growing government support through funding for R&D activities are the main factors expected to accelerate the growth of the Global Medical Tricorder Market.
Medical tricorders are a convenient miniature scanning gadget that utilizes the client's diagnosis of oneself for medical conditions in the following couple of seconds. It is a handheld portable scanning device utilized for self-diagnose medical conditions with no invasive tests. The medical tricorder has a separable, high-resolution, handheld scanner and checks the function of every fundamental organ and human physiology. Its information banks additionally contain data on non-human races known to the Federation, in this manner making it conceivable to treat other living things. It additionally gives essential vital measurements like body temperature, and heart rate per second. It would analyze an individual's condition of health after analyzing the information, either as an independent device or as an association with clinical databases by means of an Internet connection. The idea of a medical tricorder comes from a nonexistent gadget on the science fiction TV show Star Trek from the 1960s which included the imaginary person Dr. Leonard McCoy utilizing it to instantly diagnose medical conditions.
The Covid-19 outbreak has also impacted the growth of the global medical tricorder market. During Covid-19, the need for outpatient services and monitoring increased hugely. The rising number of Covid-19 cases overall builds the demand for medical tricorder gadgets that can be involved at home by anyone for self-diagnosis. Medical check-up reports produced by medical tricorder can be remotely shared with medical care suppliers at healthcare offices through cell phones. Such facilities decrease patients' actual presence in clinics or other medical care facilities, lessening the possibility of exceptionally infectious Covid-19 spreading.
The global medical tricorder market is segmented on the basis of type, application, end-user, and region & country level. On the basis of type, the medical tricorder market is segmented into USB camera, fiber-optic camera, wireless, corded, and others. On the basis of application, the medical tricorder market is segmented into diagnosis, monitoring, and other. On the basis of end-user, the medical tricorder market is segmented into hospitals, clinics, and others.
|Historical data||2018 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 3425.4 Million|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 5411.2 Million|
|Tables, Charts & Figures:||175|
|Medical Tricorder Companies||Scanadu, QuantuMDx, Ibis Bioscience, QuantuMDx Group Ltd. Ionis Pharmaceutical, Cloud DX, Qualcomm Technologies, Inc., Basil Leaf Technologies, LLC, WelfoFiber Optics, Fujikura Ltd., Basler AG, Hamamatsu Photonics K.K., Scanadu, and many others.|
|Segments Covered||By Type, By Application, By End-User|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
Some of the key players for global medical tricorder market are Scanadu, QuantuMDx, Ibis Bioscience, QuantuMDx Group Ltd. Ionis Pharmaceutical, Cloud DX, Qualcomm Technologies, Inc., Basil Leaf Technologies, LLC, WelfoFiber Optics, Fujikura Ltd., Basler AG, Hamamatsu Photonics K.K., Scanadu, and many others.
One of the major factors driving the growth of global medical tricorder market is increasing number chronic diseases such as cardiovascular, diabetics. The medical tricorder for self- diagnosis is quickly turning into a significant device for patients with chronic illnesses who need to monitor their vital signs at home. These can be used for adults or children without compromising individual comfort. With developing overall burden of chronic disease, diagnosis is turning out to be exceptionally significant, and which is supplementing the demand for medical tricorder. Also, the way that medical tricorder devices can be helpfully accessible from home helps doctors gives short term services. For example; as per the World Health Organization's (WHO); in 2021, there are about 17.9 million individuals would pass on every year from cardiovascular illnesses and 1.5 million from diabetes.
In addition, rising number of Covid-19 cases are also fostering the market growth. Individuals with very mild Covid-19 side effects have likewise been encouraged to stay in home isolation by governments across the globe. Thus clinical tricorder gadgets can be utilized by people at homes for self-analysis. For instance; according to World Health Organization (WHO); as of June 2nd, 2022, there are about 528,275,339 confirmed cases of COVID-19, and 6,293,414 deaths, globally. Furthermore, growing government support through funding for R&D activities also drives the global medical tricorder market.
However, strict regulatory policies and rules related to the medical tricorders and high cost of research & development may hamper the global medical tricorder market. In spite of that, growing demand for advanced technology for diagnoses & monitoring can provide various opportunities for the further growth of the global medical tricorder market.
North America is expected to dominate the global medical tricorder market within the forecast period attributed to the highly increasing incidence of chronic diseases, well developed and increasing R&D, and presence of key players in this region. Rising burden of chronic diseases drives the market in the region. For example; according to the Centres for Disease Control and Prevention (CDC); it is estimated that six out of ten Americans suffer from a chronic disease, and 4 of those 10 suffer from two or more. Moreover, increasing adoption of technologically advanced solutions coupled with presence of key players drives the market in the region.
Asia Pacific is expected to witness a fastest growth rate due to increasing lung injuries, cardiovascular diseases, epidemics, cancer, and diabetes in this region. Therefore, more people are preferring medical tricorder devices for the detection of signs.
The Middle East and Africa