Global Medical Wearables Market is valued at USD 20.1 Billion in 2021 and is expected to reach USD 103.8 Billion by 2028 with a CAGR of 26.43% over the forecast period.
The Rising prevalence of Covid-19, an increasing number of chronic diseases, and a growing number of smartphone-based healthcare applications are some of the major factors driving the growth of Global Medical Wearables Market.
Download Free Exclusive Sample (200 Pages PDF) Report @:
https://brandessenceresearch.com/requestSample/PostId/1069
Scope of Global Medical Wearables Market Report:
Wearable innovation in medical services incorporates electronic gadgets that customers can wear, like Fitbit and smartwatches, and are intended to gather information about clients’ personal health and exercise. These gadgets can even send a client’s health data to a specialist or other medical care professional continuously. Medical care wearables take into account remote monitoring of different fundamental signs and health insights. Medical wearable technology in healthcare has a number of advantages, such as it’s personal, these devices are present when other technologies aren’t.
Many of the diseases that have the greatest impact on people, such as diabetes, hypertension, and heart disease, and others are the result of decisions made throughout a lifetime. Doctors and physicians can use these medical wearable devices to track exercise, heart rate, blood pressure, and brain functions, among many other things. The integration of these abilities into devices, particularly smart watches, that already have a number of other features, allows people to use a single device for many purposes rather than several devices. This helps to reduce the cost of hospital visits and stays, which encourages the demand for medical wearable devices in healthcare. Wearable technology has the potential to play a significant role in the future by helping in the monitoring of important information such as the patient’s heart rate (HR) and core body temperature.
Medical Wearables Market Key Players:
- Apple, Inc
- Abbott Laboratories
- Koninklijke Philips N.V.
- Biotelemetry, Inc
- Medtronic Plc
- Omron Healthcare Co., Ltd.
- Dexcom, Inc
- GE Healthcare
- Masimo Corporation
- Irhythm Technologies, Inc.
- OMRON Corporation
- Biotricity Inc.
- Life Sciences,
- Cyrcadia Asia Limited
- ten3T healthcare
- Vital Connect
- Preventice Solutions
- Bio-Beat Technologies
- Masimo Corporation
Global Medical Wearables Market Segmentation:
By Product & Service
- Smartwatches
- Wristband and Activity Monitors
- Patches
- Others (Clothing, Glasses, and Others)
By Device Type
- Diagnostic & Monitoring Medical Devices
- Blood Pressure Monitors
- Multiparameter Trackers
- Pulse Oximeter Trackers
- ECG/Holter Heart Rate Monitors
By Application
- Healthcare
- Lifestyle
- Fitness & Sport
- Entertainment
- Defense
By End-User
- Hospital and Clinics
- Ambulatory care centers
- Long-term care centers
- Home healthcare/Patients
By Site Outlook
- Handheld
- Headband
- Shoe Sensors
- Cloths
- Others
Get Methodology of the Medical Wearables Market Report @:
https://brandessenceresearch.com/requestMethodology/PostId/1069
News: Amazon Launched Wellness Wearable, to Compete with Fitbit and Apple Watch
August 27th, 2020; Amazon on forayed into the crowded wearables sector with the launch of a wristband and smartphone app. This Halo Band comes with sensors, including an accelerometer, temperature sensor, heart rate monitor, and two microphones, though lack a screen. New capabilities include monitoring a user’s emotional state by listening to the tone of voice and using a three-dimensional rendering of a user’s body to track body fat percentage. It’s a notable move for Amazon, as the space is already dominated by key players Apple Watch and Fitbit, the latter currently undergoing regulatory review for a $2.1 billion acquisition by Google. Fitbit stock dipped slightly premarket following the news, but had rebounded as of late morning.
North America Expected to Dominate the Global Medical Wearables Market
North America is expected to dominate the global medical wearables market due to the growing number of chronic diseases, technological advancements, and the presence of key players in this region. For instance; as per the World Health Organization (WHO), in 2021, there will be an expected 1.9 million new cancer cases analyzed and 608,570 disease deaths in the United States. In January 2021, Apple reported the collaboration on another exploration project with Biogen, a biotech organization, to perceive how successful mHealth wearable gadgets are at identifying early markers of intellectual weakness so medical care providers might design more powerful care management and remote monitoring programs.
The Asia Pacific is expected to witness the fastest growth in the global medical wearables market due to the rising chronic conditions and growing healthcare expenditure in this region. For instance; according to the World Health Organization, cardiovascular events account for 41% of all deaths in China yearly. In India, on the other hand, the number of diabetics is expected to rise from 65 million to 101 million by 2030. Currently, Japan anticipates that by 2060, approximately 40% of its population will be at least 65 years old.
Global Medical Wearables Market Analysis and Forecast, By Regional Analysis
North America
- U.S.
- Mexico
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Sweden
- Netherland
- Turkey
- Switzerland
- Belgium
- Rest of Europe
Asia-Pacific
- South Korea
- Japan
- China
- India
- Australia
- Philippines
- Singapore
- Malaysia
- Thailand
- Indonesia
- Rest Of APAC
South America
- Colombia
- Brazil
- Argentina
- Peru
Rest of South America
- The Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest Of MEA
Buy Now @
https://brandessenceresearch.com/Checkout?report_id=1069
This comprehensive report will provide:
- Enhance your strategic decision making
- Assist with your research, presentations, and business plans
- Show which emerging market opportunities to focus on
- Increase your industry knowledge
- Keep you up-to-date with crucial market developments
- Allow you to develop informed growth strategies
- Build your technical insight
- Illustrate trends to exploit
- Strengthen your analysis of competitors
- Provide risk analysis, helping you avoid the pitfalls other companies could make
- Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of the market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are the main factors responsible for new product launches?
- How big are the global & regional markets in terms of revenue, sales, and production?
- How far will the market grow in the forecast period in terms of revenue, sales, and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
Key Benefits of Global Medical Wearables Report
- Global Medical Wearables report covers in-depth historical and forecast analysis.
- Global Medical Wearables research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Medical Wearables Companies, Competitive Analysis, Regional and Country Level.
- Global Medical Wearables report helps to identify opportunities in the marketplace.
- Global Medical Wearables Market report covers an extensive analysis of emerging trends and competitive landscape.
Get Access to the Full Report Here:
https://brandessenceresearch.com/healthcare/global-medical-wearables-market-size
Related Reports:
The Global Surgical Instrument Tracking Systems Market in terms of revenue was worth of USD 193.8 Million in 2021 and is Projected to reach USD 513.1 Million by 2028, growing at a CAGR of 14.92% from 2021 to 2027.
Animal Vaccine Market was worth of USD 11.13 billion in 2021 and it is expected to reach 20.48 billion by the end of 2028 with the CAGR of 9.1% during Forecast Period.
Hemophilia Gene Therapy Market is valued at USD 331.4 Million in 2021 and expected to reach USD 4092.6 Million by 2028 with a CAGR of 43.2% over the forecast period.
Global Bioinformatics Market in terms of revenue was worth of USD 10.82 Billion in 2021 and expected to reach USD 24.07 Billion by 2028, growing at a CAGR of 12.1% from 2021 to 2028.
Colorectal Cancer Market is valued at USD 11.83 Billion in 2021 and is expected to reach USD 16.21 Billion by 2028 with a CAGR of 5.40% over the forecast period.
Global Medical Tricorder Market is valued at USD 3425.4 Million in 2021 and is expected to reach USD 5411.2 Million by 2028 with a CAGR of 6.75% over the forecast period.
Global Healthcare CRM Market is valued at USD 12.53 Billion in 2021 and is expected to reach USD 31.54 Billion by 2028 with a CAGR of 14.1% over the forecast period.
The Global Metaverse in Healthcare Market is valued at USD 5056.4 Million in 2021 and is expected to reach USD 7453.6 Million by 2028 with a CAGR of 33.7% over the forecast period.
Global Demand For Advanced Wound Care Market, in terms of revenue, was estimated to be USD 9.01 billion in 2018 and is expected to reach USD 13.27 billion in 2025, growing at a CAGR of 5.85% from 2019 to 2025.
According to Brandessence Market Research latest research study says Global demand for biophotonics market size in terms of revenue, was worth of USD 53.28 Billion in 2020. The biophotonics market is likely to reach USD 109.23 Billion by 2027 end, growing at a robust 10.8% CAGR.
The Global Sterility Testing Market in terms of revenue was worth of USD 1036.13 Million in 2021 and expected to reach USD 2193.8 Million by 2028, growing at a CAGR of 12.6% from 2021 to 2028.
i-Factor: Live Market intelligence platform
I-Factor is our guaranteed seal to keep our clients ahead of the competition, always. This knowledge platform delivers real-time updates on key economic indicators, competitive landscape, changing demand, trends, customized regional insights, and more. The platform visualizes key data points to help make decision making agile, trustworthy, and holistic. Register for free trial here at https://brandessenceresearch.com/i-factor/login/userRegister
Brandessence Market Research & Consulting Pvt ltd.
Brandessence Market Research publishes market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. We have a delivery center in Pune, India and our sales office is in London.
Contact:
Mr. Vishal Sawant
Email: vishal@brandessenceresearch.com
Email: Sales@brandessenceresearch.com
Corporate Sales: +44-2038074155
Asia Office: +917447409162