Posted on Mar 18 2019 5:11 AM
"Wearable Medical Device Market report delivers information of market size (volume and value), and the segment markets by regions, types, major drivers, trends, challenges, applications, annual growth rate, forecasts, and companies. "
Global Wearable Medical Device Market report is a professional and in-depth research report on the world’s major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific). It covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key Vendors operating in this Global market.
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Wearable medical devices are autonomous, non-invasive devices that perform a specific medical function such as monitoring or support over a prolonged period of time. These devices are used in the treatment of various chronic illnesses such as asthma, diabetes, and heart disease. The main function of these devices is to collect information about the patientâ€™s health condition. The growth of the global wearable medical device market can be attributed to technological advancements, an increasing number of smartphone-based healthcare apps compatible with wearable devices, and rising awareness about physical fitness.
The global wearable medical device market is expected to reach a market value of USD 27,255.6 million by 2023 from USD 7,859.4 million in 2017 at a CAGR of 23.0% during the forecast period of 2018 to 2023.
In 2017, the Americas held the largest share of the market at 33.3%, followed by Europe and Asia-Pacific with shares of 27.2% and 24.4 %, respectively.
The global wearable medical device market has been segmented based on type, device type, application, distribution channel, and region.
By type, the global wearable medical device market has been classified as activity monitors, smart watches, smart clothing, and patches.
Based on device type, the global wearable medical device market has been categorized as diagnostic and monitoring devices and therapeutic devices. The diagnostic and monitoring devices segment has been further sub-segmented into vital sign monitoring devices, glucose monitoring devices, neuromonitoring devices, sleep monitoring devices, and fetal monitoring and obstetric devices. The therapeutic devices segment has been divided into pain management devices, rehabilitation devices, respiratory therapy devices, and insulin pumps.
The various application segments of the global wearable medical device market are sports academics and fitness, remote patient monitoring, and home healthcare.
By distribution channel, the global wearable medical device market has been segmented into hospitals and clinics, diagnostic centers, and ambulatory surgical centers.
The key players in the global wearable medical device market are Apple Inc. (US), Fitbit Inc. (US), Honeywell International Inc. (US), Koninklijke Philips NV (Netherlands), LG Electronics Inc. (South Korea), NIKE Inc. (US), Motorola Solutions Inc. (US), Qualcomm Inc. (US), Sony Corporation (Japan), Omron Corporation (Japan), Boston Scientific Corporation (US), and Medtronic PLC (Ireland).
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Objectives of the Study
To provide a detailed analysis of the market structure along with a forecast of various segments and sub-segments of the global wearable medical device market
To provide insights into factors influencing and affecting market growth
To provide historical and forecast revenue of market segments and sub-segments with respect to countries
To provide strategic profiling of key players in the market and comprehensively analyzing their market shares and core competencies, and drawing a competitive landscape for the market
To provide economic factors that influence the global wearable medical device market
To provide a detailed analysis of the value chain and supply chain of the global wearable medical device market
Wearable Medical Device Manufacturers
Suppliers and Distributors
Research and Development (R&D) Companies
Market Research and Consulting Service Providers
Raw Material Suppliers
The global wearable medical device market is expected to reach USD 27,255.6 million by 2023 at a CAGR of 23.0 % from 2018 to 2023.
On the basis of type, the activity monitors segment accounted for the largest market share at a CAGR of 22.4 % in 2017.
The market in the Americas is expected to register a CAGR of 22.2% from 2018 to 2023.
Asia-Pacific is expected to be the fastest-growing market registering a CAGR of 23.7% from 2018 to 2023.
Key Features of Wearable Medical Device Market Research Report:
- This report provides detail analysis of the market and have a comprehensive understanding of the Wearable Medical Device market and its commercial landscape.
- Learn about the various market strategies that are being adopted by leading companies.
- It provides a five-year forecast assessed based on how the Wearable Medical Device market is predicted to grow.
- It provides insightful analysis of changing competition dynamics and keeps you ahead of competitors.
- To understand the future scope and outlooks for the Wearable Medical Device market.
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Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Total Chapters in Wearable Medical Device Market Report are:
Chapter 1 Overview of Wearable Medical Device Market
Chapter 2 Global Market Status and Forecast by Regions
Chapter 3 Global Market Status and Forecast by Types
Chapter 4 Global Market Status and Forecast by Downstream Industry
Chapter 5 North America Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 6 Europe Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 7 Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 8 Latin America Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 10 Market Driving Factor Analysis of Low End Servers
Chapter 11 Wearable Medical Device Market Competition Status by Major Manufacturers
Chapter 12 Wearable Medical Device Major Manufacturers Introduction and Market Data
Chapter 13 Upstream and Downstream Market Analysis of Wearable Medical Device Market
Chapter 14 Cost and Gross Margin Analysis of Wearable Medical Device Market
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