Fortune Business Insights offers a detailed overview of the global market in a report, titled “Wearable Medical Devices Market” Size, Share and Industry Analysis by Product (Diagnostic & Patient Monitoring, Therapeutic), By Application (Remote Patient Monitoring and Home Healthcare, Sports and Fitness), By Distribution Channel (Retail Pharmacies, Online Pharmacies, Hypermarkets) and, Regional Forecast 2019-2026.” As per the report, the market was valued at USD 24571.8 Million in 2018 and is anticipated to reach USD 139353.6 Million by 2026. The report offers a comprehensive overview of the market drivers, trends, opportunities, and other aspects of the market.
Highlights of the Report:
- In-depth analysis of various insights, namely, Wearable Medical Devices Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Wearable Medical Devices Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
Key Players Operating in The Wearable Medical Devices Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Ypsomed AG
- Hologic Inc.
- Siemens Healthcare GmbH
- AiQ Smart Clothing
- NeuroMetrix, Inc.
- Apple Inc.
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In addition to this, it provides valuable information on mergers and acquisitions, product launches, partnerships, and other strategic activities adopted by global players. Several estimations and projections for the leading geographies are also included in the report. All the above information can help our readers to gain valuable insights into the market, thereby helping them to make the right decision before investing in the market.
As per product, the diagnostic and monitoring wearable devices segment is expected to hold a major portion of the wearable medical devices market share. The wearable devices market size is expected to surge owing to the rising demand from online pharmacies, retail pharmacies, and other distribution channels. As per current market trends, wearable medical devices are increasingly used by home patients owing to their convenience and ease of use.
Rising Importance on Reducing Patient Hospital Stays to Encourage Growth in Asia Pacific Wearable Medical Devices Market
Considering regions, North America is expected to register high growth in the global wearable devices market during the forecast period. In 2018, the market was valued at USD 10146.3 Million. The evolving patient shift towards remote monitoring from traditional is increasing the adoption of wearable devices in this region. The implementation of favourable regulatory policies for the development of smart and advanced wearable devices is another factor driving the market in this region. This, coupled with the rising adoption of advanced healthcare infrastructure, is expected to enable growth in the market.
The market in Europe is expected to create immense growth opportunities owing to the rising aging population. This, along with the rising prevalence of chronic diseases, is accelerating the adoption of wearable devices technologies in this region. Apart from North America and Europe, the market in Asia Pacific is expected to register substantial rate rising improvements in technologies.
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Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Recent Industry Developments- Partnerships, Mergers, and Acquisitions
- Key Industry Trends
- New Product Launch by Key Players
- Technological advancements in Wearable Medical Devices Market
- Global Wearable Medical Devices Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Diagnostic & Patient Monitoring Wearable Medical Devices
- Activity Monitors/ Trackers
- Others (Biosensors, Blood Pressure Monitors, Glucose Monitoring Systems)
- Therapeutic Wearable Medical Devices
- Wearable Defibrillators
- Drug Delivery Devices (Injectors, Patches)
- Pain Management Devices (TENS, EMS)
- Hearing Aids
- Market Analysis, Insights and Forecast – By Application
- Remote Patient Monitoring
- Sports and Fitness
- Home Healthcare
- Market Analysis, Insights and Forecast – By Distribution Channel
- Retail Pharmacies
- Online Pharmacies
- Market Analysis, Insights and Forecast – By Region
- North America
- Asia pacific
- Rest of the World
- TOC Continued…!!
- Diagnostic & Patient Monitoring Wearable Medical Devices
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- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Wearable Medical Devices Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Wearable Medical Devices Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Wearable Medical Devices Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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