The Market Trend of Home Use Medical Devices

 From the end of 2019 to today, the global COVID-19 pandemic, related diagnosis, treatment kits, and the rising awareness of personal health care have driven the rapid growth of the home health medical and medical devices market demand. In addition to the rush of the capital market, the current a-share fund of medical treatment industry yields in double digits - some already appeared the trend of this year will be up and down faster development, including digital, intelligent, mobility, etc., these not only depends on the progress of electronic medical technology, but also promote the development of electronic medical technology.


Data from several market research firms show that medical electronics and technological advances are interplays to create diversified growth expectations for the industry. For example, according to multiple reports from IDTechEx, the global market for electronic skin patches in wearable medical devices will exceed $10 billion in 2021 and is expected to exceed $30 billion by 2031; The market for medical piezoelectric sensing systems is expected to reach $1.04 billion by 2029. In terms of investment in drug research, AI applications that use machine learning and deep learning algorithms to improve drug discovery processes have raised more than 80% of funding in the past three years. In 2020, the peak year of the COVID-19 pandemic, related investment exceeded 2018 and 2019 combined. In addition, the global market for AI-based image-based medical diagnostics will exceed $3 billion by 2030, while the market for flexible medical electronics will exceed $8.3 billion during the same period. 

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