Medical Tricorder Market Size Worth $4,902.6 Million By 2027 | CAGR: 6.6%
The global medical tricorder market size is expected to reach USD 4,902.6 million by 2027 according to a new study by Polaris Market Research. The report “Global Medical Tricorder Market Share, Size & Trends Analysis Report, By Type (USB Camera, Fiber Optic Camera, Wireless, Corded, Others), By Application (Diagnosis, Monitoring, Others), By End-Use (Hospitals, Clinics, Others) Segments, By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
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.
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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.
Polaris Market Research Has Segmented The Medical Tricorder Market Report On The Basis of Type, Application, End-Use, and Region
Medical Tricorder Type Outlook (Revenue – USD Million, 2016 – 2027)
USB Camera
Fiber Optic Camera
Wireless
Corded
Others
Medical Tricorder Application Outlook (Revenue – USD Million, 2016 – 2027)
Diagnosis
Monitoring
Medical Tricorder End-Use Outlook (Revenue – USD Million, 2016 – 2027)
Hospital
Clinics
Pharmaceutical Companies
Medical Tricorder Regional Outlook (Revenue – USD Million, 2016 – 2027)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Austria
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Central & South America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semiconductor.
