Medical Scales Market: Segmented: By Scale Type (Regular Scale,Wheelchair Scale, Infant and BaBy Scales and Others); By Application (Hospital, Household, Dialysis Center, Nursing Center and Others); By Nature (Analog and Digital)and Region - Analysis of Market Size, Share & Trends and Forecasts to 2030
The Medical Scales market was valued at USD 455.4 billion in 2020 and is forecast to reach USD 737.3 billion by 2030, at a CAGR of 5.50% over the forecast period.
Medical scales are an integral piece of equipment for all medical establishments. Nearly every patient uses the weight scale designed for medical or health-care purposes as part of their treatment and daily care. The weight of a patient is crucial information to identify fluid accumulation, measure correct dosages of medications, and test for malnutrition or obesity. Weight is an indicator of overall health, so rapid weight loss or gains may be an indication of a bigger problem. Scales also display the slightest fluctuation of weight suggesting a health issue. The Market mainly emphasizes the weight scale intended for medical or healthcare purposes.
The Medical Scales market is expected to project a CAGR of 5.50% during the forecast period, 2020-2030
The Medical or Healthcare Scales market is expected to deliver substantial returns by the end of the 2021-2030 forecast period while having a modest CAGR over the proposed duration.
Regular scales are expected to account for more than 55 percent of the medical scales industry in the segment of scales type.
Market growth is due to varied patients needing regular scales. As the market dynamics change, the companies are also developing different models with different weight handling scales to cope with the rising number of obese patients. In the next 10 years, the regular scale segment is expected to continue to dominate.
The target market has shifted to bariatric healthcare centers due to the significance of scales in such centers for the obese.
The medical scales market is dominated by hospital services with a share of over 60 percent in 2019. The hospitals handling diverse cases and patients need different scale types raising their demand in hospitals and healthcare clinics and centers.
Increasing cases of malnutrition in developing countries
The increasing problem of malnutrition in developing and underdeveloped countries is causing many physicians worldwide to use the BMI of a patient as a critical measure for planning treatment and care options. Their weights help in determining the dosage of the medicines and the proper treatment required over the period. So, with the increasing cases of malnutrition much rise can be seen in the demand for the scales by the healthcare centers in developing and underdeveloped countries.
Rising population and Increase in obesity
With an increase in the population, life is getting fast-paced eating habits have also been changing with a rapid rate favoring fast food or unhealthy food leading to a rising number of cases of obesity among children and teenagers thus raising the demand of the target market in the bariatric healthcare centers. Of the U.S. population, 30 to 50 percent are obese in need of bariatric surgeon services. Bariatric surgeons need different kinds of weighing scales to get a good evaluation of their patient's needs. Rising numbers of these kinds of centers are raising the demand for the scales in the healthcare sector.
Higher weight scales are providing lower accuracy
Medical professionals have to handle obese patients with the rise of an obesity epidemic. Thirty-eight million Americans weigh more than 300 pounds and 400,000 weigh more than 400. There are scales with high capacities but at higher weights, they are not as reliable. The accuracy of certain scales decreases with the rise in patient weight. The findings may indicate inaccurate measurements, resulting in an imprecise depiction of the weight of a patient over time. Healthcare guidelines suggest that scales be accurate to 1 pound of weight per 150 pounds to ensure correct dosing and treatment. Although minor inaccuracies may not be relevant in measuring obese adults, it may be dangerous to inaccurately weigh oncology patients, kids, or babies to ascertain doses of medication. For example, a four-year study of Pennyslevia state health event records shows 479 instances of prescription errors resulting from patient weight inaccuracy. Of these incidents, 67 percent resulted in an incorrect dose being given to a patient, with 1.3 percent of the cases causing sufficient harm to warrant further treatment.
The Asia Pacific market is showing a trend of rising medical scale markets to raise patient care standards, explores the challenges faced by med-tech companies in broadening their reach, and identifies strategies that can help bring more patients high-quality products and services. Companies that surmount challenges in the area to serve wider patient segments can also unlock rich opportunities. The healthcare needs of the region reflect their size and growth expectations, and by 2020, the Asia – Pacific med-tech market is projected to rise to around $133 billion a year.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Medical Scales Market size was estimated at USD 455.4 billion in 2021 and is expected to reach USD 737.3 billion by 2030
Algen Scale Corp. (USA), Detecto Scale Company (USA), Doran Scales, Inc. (USA), Natus Medical Incorporated (USA), Pelstar, LLC (USA), Seca GmbH & Co. Kg. (Germany), SR Instruments, Inc. (USA), Tanita Corporation (Japan), Wedderburn (Australia), Welch Allyn, Inc. (USA), Seca Medical, Natus Medical, MyWeigh, Other Prominent Players
Regular scales and bariatric healthcare centers due to the significance of scales in such centers for the obese. are anticipated to hold the Medical Scales Market
Drivers Increasing cases of malnutrition in developing countries and Rising population and Increase in obesity
Medical scales are an integral piece of equipment for all medical establishments. Nearly every patient uses the weight scale designed for medical or health-care purposes as part of their treatment and daily care.
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