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. The global wearable medical devices market is anticipated to exhibit an exponential CAGR of 24.7% through the forecast years. The healthcare industry is revolutionizing owing to the rising adoption of connected devices. As digital technology is gaining immense popularity, wearable medical devices are evolving rapidly in the healthcare sector.
Leading Players operating in the Wearable Medical Devices Market are:
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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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:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1. Recent Industry Developments- Partnerships, Mergers, and Acquisitions
4.2. Key Industry Trends
4.3. New Product Launch by Key Players
4.4. Technological advancements in Wearable Medical Devices Market
- Global Wearable Medical Devices Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Product
5.2.1. Diagnostic & Patient Monitoring Wearable Medical Devices
188.8.131.52. Activity Monitors/ Trackers
184.108.40.206. Others (Biosensors, Blood Pressure Monitors, Glucose Monitoring Systems)
5.2.2. Therapeutic Wearable Medical Devices
220.127.116.11. Wearable Defibrillators
18.104.22.168. Drug Delivery Devices (Injectors, Patches)
22.214.171.124. Pain Management Devices (TENS, EMS)
126.96.36.199. Hearing Aids
5.3. Market Analysis, Insights and Forecast – By Application
5.3.1. Remote Patient Monitoring
5.3.2. Sports and Fitness
5.3.3. Home Healthcare
5.4. Market Analysis, Insights and Forecast – By Distribution Channel
5.4.1. Retail Pharmacies
5.4.2. Online Pharmacies
5.5. Market Analysis, Insights and Forecast – By Region
5.5.1. North America
5.5.3. Asia pacific
5.5.4. Rest of the World
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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 are the key technological and Wearable Medical Devices 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?
- Why Choose Fortune Business Insights?
- 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?
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