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.
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.
Highlights of the Wearable Medical Devices Market Report Include:
- Microscopic study of the various factors driving and restraining the market
- Careful classification and research of the market segments
- Accurate computation of market figures
- Comprehensive analysis of the regional dynamics and competitive landscape
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The report focuses on global major leading industry players of market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. This report focuses on Wearable Medical Devices Market Trend, volume and value at global level, regional level and company level. From a global perspective, this report represents overall Wearable Medical Devices Market Size by analysing historical data and future prospect.
With tables and figures helping analyse worldwide Wearable Medical Devices Market Forecast provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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.
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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.
The rising adoption of smartwatches, activity monitors, pain management devices, and other smart devices witnesses an impressive growth on cards for the market in Asia Pacific. Moreover, increasing focus on reducing patient stays, especially in emerging countries such as India and China is likely to boost the market in this region in the forthcoming years.
Objective of Studies:
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market.
- To provide insights about factors affecting the market growth. To analyse the Wearable Medical Devices Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Wearable Medical Devices Market
- To provide country level analysis of the market with respect to the current Wearable Medical Devices Market size and future prospective.
- To provide country level analysis of the market for segment by application, product type and sub-segments.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.
- To track and analyse competitive developments such as joint ventures, strategic alliances, new product developments, and research and developments in the global Wearable Medical Devices Market
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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
22.214.171.124. Activity Monitors/ Trackers
126.96.36.199. Others (Biosensors, Blood Pressure Monitors, Glucose Monitoring Systems)
5.2.2. Therapeutic Wearable Medical Devices
188.8.131.52. Wearable Defibrillators
184.108.40.206. Drug Delivery Devices (Injectors, Patches)
220.127.116.11. Pain Management Devices (TENS, EMS)
18.104.22.168. 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
This Report Answers the Following Questions:
- What are the Wearable Medical Devices Market trends and growth drivers?
- How many segments does the market contain?
- What are the opportunities and challenges that the market may face?
- How are the key players keeping up with the changing consumer behavior?
- What are the latest industry developments?
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