SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Mobile Health Monitoring, Diagnostic Devices and Services - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 378
Companies: 46 - Players covered include Cardiac Science Corporation; CardioNet, Inc.; Cellnovo Group; LifeWatch AG; Medtronic, Inc.; Philips Healthcare; Telcare LLC; WellDoc, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Diagnostic Medical Device and Service (Cardiac Monitors, Diagnostic Device, Diabetes Management Devices, Multi-Parameter Trackers, Other Diagnostic Medical Device and Services)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Mobile Health Monitoring, Diagnostic Devices and Services Market to Reach $183.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Mobile Health Monitoring, Diagnostic Devices and Services estimated at US$23.1 Billion in the year 2020, is projected to reach a revised size of US$183.2 Billion by 2026, growing at a CAGR of 40.6% over the analysis period. Cardiac Monitors, one of the segments analyzed in the report, is projected to record a 41.8% CAGR and reach US$46.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Diagnostic Device segment is readjusted to a revised 33.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.4 Billion in 2021, While China is Forecast to Reach $29.7 Billion by 2026
The Mobile Health Monitoring, Diagnostic Devices and Services market in the U.S. is estimated at US$10.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$29.7 Billion by the year 2026 trailing a CAGR of 38.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 36.9% and 34.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 27.4% CAGR.
Diabetes Management Devices Segment to Reach US$88.9 Billion by the year 2026
In the global Diabetes Management Devices segment, USA, Canada, Japan, China and Europe will drive the 46.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.9 Billion in the year 2020 will reach a projected size of US$101.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.