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Global wearable medical devices market to reach 11.18 billion by 2020

Research delivers insight into the home healthcare products are set to experience immense growth; reveals market data forecast analysis. According to the report “Global Wearable Medical Devices Market -by Diagnostic wearable medical devices, by Therapeutic wearable medical devices and by Application and by Region- Global Industry Analysis, Size, Share, Growth, Trends and Forecasts (2015-2020)”, the global market is projected to reach USD 11.18 billion by 2020, at a CAGR of 19.58% from 2015 to 2020.

Wearable medical devices are the most advanced user friendly diagnostic devices which provide facilities like data transmission, alerting mechanism, easy and timely sensing abilities and real time feedback.

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These devices offer a solution to regular checkups as they can diagnose blood glucose level, heart rate, brain activities, hydration, temperature and more.Wearable devices are the upcoming smart technology which are the key to optimal operating for the future society.

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Healthcare is a sector with enormous innovations and developments combining with the technology. Increasing incomes, several cases for chronic diseases and the ease of using advanced medical devices are some of the key factors which drive the market.

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The wearable medical devices have large market opportunities in the consumer fitness field but the devices may also face a lot of competition with the gadgets providing greater reliability in health management.

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Product Segmentation:

Based on Diagnostic Wearable devices

  • Electro Cardiographs
  • Sleep Monitoring devices
  • Heart Rate Monitors
  • Blood Pressure Monitors
  • Activity Monitors
  • Electro Encephalographs

Based on Therapeutic Wearable Devices

  • Wearable Pain Management Devices
  • Wearable Respiratory Therapy Devices
  • Glucose Monitoring Devices

Based on Application:

  • Home healthcare
  • Patient monitoring
  • Sports and Fitness

Geographical Segmentation:

Key Players in the market are Basis Science, NuuboPhilips Electronics, Polar Electro, Intelensens Ltd., Coventis Inc., Fitbit Inc., Draeger, Everist Genomics Inc., Lifewatch Ag, Polar Electro, Omron Corporation, Sotera Wireless Inc., Zephyr Technology and Withings.

The Global Wearable Medical Devices Market Covers:

  • Global, regional and country-level analysisand forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysisin terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges(DROC)in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensivePESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, usingPorter’s five forces analysisfor analyzing the level of competition and business strategy development
  • A comprehensive list ofkey market playersalong with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysislisting out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • Anexecutive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along withInvestment opportunitiesto provide both individuals and organizations a strong financial foothold in the market
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