Polaris Market Research recently published a research report on “Wearable Medical Devices Market Share, Size, Trends, Industry Analysis Report, By Device Type (Diagnostic Devices, Sleep Monitoring Devices, Neuro-monitoring Devices, Therapeutic Devices, Glucose Monitoring Devices, Respiratory Therapy Devices); By Site; By Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare); By Regions; Segment Forecast, 2020 –2027” in its research database.
According to the research report, the global wearable medical devices market size & share was valued at USD 14.6 billion in 2019 and is expected to reach USD 85.6 Billion by 2027, growing at a CAGR of 24.8% during the forecast period.
What are Wearable Medical Devices? What is the Market Share of Wearable Medical Devices?
- An Overview
Wearable medical devices are becoming popular for drug therapies, health diagnostics, and monitoring. Wearable skin adhesives support applications requiring long-lasting and continuous effects. They are used to hold medical devices on the skin to provide a therapeutic dose of drugs. Wearable adhesives for skin must produce a balance of adhesion and ease of removal, breathability and water resistance, conformability, and Repositionability. They are majorly used in industries such as healthcare, beauty and fitness, and additive.
However, the selection of the right skin-contact adhesives requires consideration of factors such as the age of an individual, skin type, activity level, and placement of the body. The wearable skin adhesives market size is driven by the rising number of lifestyle-related illnesses due to bad eating habits and the aging population. Also, these devices provide easy monitoring and diagnosis, which is fueling the industry’s growth.
Request Sample Copy of Wearable Medical Devices Market Research Report @ https://www.polarismarketresearch.com/industry-analysis/wearable-medical-devices-market/request-for-sample
(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)
Key Highlights of the Report:
- Current status of the market
- Top companies operating in the market
- Import-Export policies regarding the products/services in the market
- Research and development activities
- Segmentation according to application, type, and geography
- Comparative study of the domestic and international prices of the products and services and related price fluctuations
- Market drivers and roadblocks
- Value and volume of submarkets, with respect to key regions
Some of the Top Market Players Are:
- Medtronic plc
- OMRON Corp.
- Biotelemetry Inc.
- Apple Inc.
- Koninklijke Philips
- Dexcom Inc.
- Abbott Laboratories
- Verily Life Sciences
- GE Healthcare
- Bio-Beat Technologies
- Masimo Corporation
- iRhythm Technologies Inc.
- Preventice Solutions Inc.
- CONTEC Medical Systems Co. Ltd
- VitalConnect
- Minttihealth
- Biotricity Inc.
- Cyrcadia Asia Limited.
- Garmin Ltd
- Xiaomi Technologies
- ten3T healthcare
- Fitbit Inc.
- Huawei Corporation
To Know Additional Information on Market Players, Download Sample PDF Brochure
Growth Driving Factors
- A rising aging population is likely to push the market growth
The continuous development of wireless mobile technology in wearable skin adhesives is expected to increase the adoption of wearable skin adhesives during the anticipated period. Increasing adoption of wearable skin adhesives in home healthcare is estimated to accelerate wearable skin adhesives market sales. These devices allow remotely tracking and monitoring of a wide range of vital indicators, which augments the market development. Also, rising awareness about health consciousness coupled with growing demand for personalized care is further projected to propel the market growth.
Moreover, the market is booming due to the rising consumer knowledge of the advantages of utilizing skin-friendly adhesives as well as the surging disposable income of middle-income consumers. The high usage of apps on smartphones to monitor and track diseases is further positively influencing the wearable skin adhesives market trends in regions such as China and India. In addition, the increasing prevalence of lifestyle disorders, including diabetes, hypertension, and cardiovascular diseases, is another factor boosting the industry’s growth.
Directly Purchase a copy of the report with TOC @ https://www.polarismarketresearch.com/checkouts/6531
Recent Developments
In October 2021, Scapa Healthcare partnered with Synedgen, Inc. to work together in the field of dermal wounds and surgical care applications.
Segmental Analysis
- Silicon-based product segment witnessed the highest market share
Based on product, the silicon-based market segment held the largest wearable skin adhesives market share in 2021 and is estimated to grow over the forecast period. These types of adhesives are used with all skin types, from sensitive to delicate. They are easy to use and remove without any pain. Also, they can be applied to wounds as they are strong and intact. All these factors are supporting the market growth.
- Monitoring Devices segment is predicted to lead the market
Based on application, the monitoring devices segment is expected to dominate the market owing to the growing incidences of chronic and acute diseases and the prevention of diseases. These devices enable monitoring health, performing health-related tasks, and reminding about medications. Also, the technological developments and rising adoption of monitoring devices among consumers are further estimated to augment the segment growth in the industry.
Inquire more about this report before purchasing @ https://www.polarismarketresearch.com/industry-analysis/wearable-medical-devices-market/inquire-before-buying
(Inquire about a report quote OR available discount offers to the sales team before purchase.)
Wearable Medical Devices Market: Report Scope
| Report Attribute | Details |
| Market Outlook for 2027 | USD 85.6 Billion |
| Market Size 2019 Value | USD 14.6 Billion |
| Expected CAGR Growth | 24.8% from 2020 – 2027 |
| Base Year | 2019 |
| Forecast Year | 2020 – 2027 |
| Top Market Players | Medtronic plc, OMRON Corp., Biotelemetry Inc., Apple, Inc., Koninklijke Philips, Dexcom Inc., Abbott Laboratories, Verily Life Sciences, GE Healthcare, Bio-Beat Technologies, Masimo Corporation, iRhythm Technologies, Inc., Preventice Solutions, Inc., CONTEC Medical Systems Co. Ltd, VitalConnect, Minttihealth, Biotricity Inc., Cyrcadia Asia Limited., Garmin Ltd, Xiaomi Technologies, ten3T Healthcare, Fitbit, Inc., and Huawei Corporation |
| Segments Covered | By Device Type, By Site, By Application, By Region |
| Customization Options | Customized purchase options are available to meet your research needs. Explore customized purchase options |
Geographic Overview
- North America is estimated to witness the largest revenue share
Based on geology, North America accounts for the largest revenue share and is likely to record the fastest growth during the foreseen period. This development can be attributed to the increasing awareness about the health of all age groups as well as the negative effect of fluctuating lifestyles. Further, a surge in the obese population is one of the key factors driving regional development in the wearable skin adhesives market. Additionally, technological developments and rising initiatives by key players to develop novel devices are anticipated to fuel the market demand throughout the study period.
Moreover, Asia Pacific is predicted to be the second largest region for this market, attributed to the increasing healthcare costs, large patient base, and rising use of smartphones worldwide. Also, the growing demand for wearable adhesives in the region is estimated to boost the industry’s growth.
Browse the Detail Report “Wearable Medical Devices Market Share, Size, Trends, Industry Analysis Report, By Device Type (Diagnostic Devices, Sleep Monitoring Devices, Neuro-monitoring Devices, Therapeutic Devices, Glucose Monitoring Devices, Respiratory Therapy Devices); By Site; By Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare); By Regions; Segment Forecast, 2020 –2027” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/wearable-medical-devices-market
For Additional Information OR Media Enquiry, Please Mail Us At: sales@polarismarketresearch.com
Key Questions Answered by Report
- At what CAGR will the market expansion during the forecast period?
- What is the estimated value of the market?
- Which are the factors that drive industry growth?
- Who are the key companies in the market?
- What is the forecasted size of the market?
- By region, which segment would grow at the highest CAGR in the upcoming period?
- Which region offers the most rewarding open doors for the market?
- What are the business threats and variable scenarios concerning the market?
Polaris Market research has segmented the Wearable Medical Devices market report on the basis of device type, site, application, and region:
By Product Outlook
- Acrylic-based
- Silicon-based
By Application Outlook
- Diagnostic Devices
- Monitoring Devices
- Drug Discovery Devices
By End-Use Outlook
- Hospitals
- Ambulatory Surgical Centers
- Home Care Settings
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Browse More Related Reports:
- Pharmaceutical Aseptic Transfer Market: https://www.polarismarketresearch.com/industry-analysis/pharmaceutical-aseptic-transfer-market
- Legionella Testing Market: https://www.polarismarketresearch.com/industry-analysis/legionella-testing-market
- Biologics Contract Development Market: https://www.polarismarketresearch.com/industry-analysis/biologics-contract-development-market
- Patient Referral Management Software Market: https://www.polarismarketresearch.com/industry-analysis/patient-referral-management-software-market
- Nuclear Magnetic Resonance Spectroscopy Market: https://www.polarismarketresearch.com/industry-analysis/nuclear-magnetic-resonance-spectroscopy-market
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact Us:
Likhil G
30 Wall Street
8th Floor,
New York City, NY 10005,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com