P&S Intelligence

According to the forecast of the market research firm, P&S Intelligence, the valuation of the market would grow from $1.7 trillion in 2018 to $2.2 trillion by 2024. Furthermore, the market is predicted to advance at a CAGR of 4.3% from 2019 to 2024.

At this rate, the market size is expected to reach $2.8 billion by 2023 from $1.4 billion in 2016.

Growth drivers including the spurring demand for low-cost medical equipment and escalating incidence of hospital-acquired infections (HAIs) will propel the disposable medical sensors market at a 10.4% CAGR during the forecast period (2017–2023).

Asia-Pacific would experience the fastest market progress, on account of being swept by the increasing consciousness about appearance and a growing trend of cosmetic procedures.

The market generated $9,621.2 million in 2019, and it is expected to reach $20,281.6 million by 2030.

Hot and Cold Therapy Packs Market To Generate $2,008.2 Million Revenue by 2030

These factors along with swelling geriatric population, surging healthcare spending, and constant innovations in technology are expected to derive the North American diagnostic imaging systems market growth.

The European Union (EU) point-of-care ultrasound (PoCUS) device market is predicted to generate a revenue of $230.9 million by 2024. Furthermore, the market would advance at a CAGR of 6.1% between 2019 and 2024.

At this growth rate, the needle-free diabetes management market is expected to reach $16,831.5 million by 2025 from $3,830.6 million in 2016.

According to P&S Intelligence, the market generated a revenue of $1,303.9 million in 2020 and it is projected to reach $3,387.4 million by 2030.