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Technological Advancements to Boost the Growth of Global Clinical Diagnostic Devices

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According to a recently published report by Research Nester on “Global Clinical Diagnostic Devices Market Outlook: Industry Insights & Opportunity Assessment 2019–2027” delivers detailed overview of the global clinical diagnostic devices market in terms of market segmentation by type, by end user, by application, by device and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

With increasing adoption of sedentary lifestyle leading to rising incidences of various diseases, thus strengthening the demand for clinical diagnostic devices. The growing demand of smart and portable clinical diagnostic devices is estimated to boost the growth of the global clinical diagnostic devices market over the period 2019-2027.

The global clinical diagnostic devices market is segmented by type, end user, application and device, out of which, the general hospitals segment is expected to hold its dominant stance over the forecast period. The device type segment is divided into stethoscopes, sphygmomanometers, ophthalmoscopes, electrocardiographs, thermometers and others. End users segment is divided into general hospitals, clinics and others. The application segment is divided into oncology, cardiology, gastrology, neurology, orthopedics, infectious diseases and others. Further, devices segment is divided into diagnostic imaging, in-vitro diagnostics, patient monitoring and others. Diagnostic imaging devices are further sub- segmented into radiography, magnetic resonance imaging, nuclear medicine, ultrasound, elastography, photoacoustic imaging, tomography, echocardiography, point-of-care devices and others. The in- vitro diagnostics segment is further sub- segmented into hepatitis tests, clinical chemistry, coagulation test systems, urine test strips, pregnancy tests, blood sugar monitoring systems, point-of-care devices and others.

Inclination towards better healthcare facilities to boost the demand for clinical diagnostic devices in the near future

The global clinical diagnostic devices market is thriving on the back of rising concerns for availing better healthcare facilities to early diagnose, monitor and treat diseases.  

Technological Advancements- With continuous technological advancements and need for adoption of advanced medical facilities, the need for usage of clinical diagnostic devices is increasing which is expected to boost the growth of the global clinical diagnostic devices market.

North America is expected to grow at a high rate on the back of the availability of advanced healthcare technology and rise in the pediatric population in the region. Europe is expected to grow significantly attributing to continuous technological advancements in the healthcare sector. Asia Pacific is expected to grow at a high rate owing to availability of healthcare facilities at lesser cost in respect with rest of the world. Patients from around the world visit the region to access to quality and less expensive healthcare facilities. This region earns a major part of its income through medical tourism. Latin America is expected to grow significantly on the back of presence of more of geriatric population.

This report also provides the existing competitive scenario of some of the key players of the global clinical diagnostic device market which includes company profiling of Fresenius Medical Care AG & Co. KGAA, Johnson & Johnson, General Electric, Philips, Boston Scientific, Siemens AG, Baxter International and Medtronic.

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global clinical diagnostic devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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