Medical Health & Life Science Research News

Wearable medical device market to reach $6 billion by 2023

The American Wearable Medical Device market is expected to grow at a significant rate in the coming years. It is estimated that there will be a high demand for the devices in the country.

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The Americas Wearable Medical Device market is undergoing a quick change due to the technological upgradation.

Current thoughts and measures have brought into examination’s the competence of existing regulatory frameworks for medical devices in developed and developing regions to guarantee the devices performance, quality and safety. The regulatory bodies along with the government authorities aims to provide a standard for the manufacturing of medical device and regulations must be followed to enhance and to improve the public/patient health.

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Guaranteeing that effective technologies and best quality products reach patients. The mounting number and complexity of medical devices have introduced regulatory challenges.

The challenges are related to the design of the device or machine. The wearable devices are kinds of watch which are also wireless that makes the users easy to use the device.

Based on the sensors fit into the device it calculates the accurate pulse, heart rate, blood pressure and other counts for sleep weight and many more. The trend has come up because of the various smart phones applications that provides the accurate data for the health and fitness.

The awareness and the consciousness regarding health among the people has increased. People are turning towards the fitter life.

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Therefore, looking at the current trends of the people in this regions. The lifestyle and the habits are leading towards the more number of the diseases.

With increasing disease prevalence, the demand of Wearable Medical Devices is expected to be enormous. Thus, this eventually will result in the increasing demand for devices and products to monitor.

Also the major sale of the product is done for the sports persons and the celebrities while the other people buy this product for their homecare facilities.

Test the market data and market information presented through more than 50 market data tables and figures spread over 50 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Wearable Medical Device Market Research Report –Americas Forecast to 2023.

Americas Wearable Medical Device Market Players:

The number of major players in the market which have Americas operations of the Wearable Medical Device Market, and are consistently working for the development of the following technology are

  • Apple
  • Abbott Laboratories
  • Basis Sciences
  • Fitbit, Garmin
  • Jawbone
  • Lifewatch AG
  • Omron Corporation
  • Philip Healthcare
  • Polar Electo

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Depending on geographic region, Wearable Medical Device market is segmented into two key regions: North America and South America. North America is again divided into two major countries U.S and Canada.

North America is the largest market for Wearable Medical Device, while U.S. is leading market followed by Canada.

The South America is expected to grow at a rapid pace during the forecasted period 2017-2023.

Further Wearable Medical Device have captured major share of the Americas Wearable Medical Device market. Based on the historical trends and market scenario, Wearable Medical Device is expected to be the growing segment of this market during 2017-2023.

Americas Wearable Medical Device market has been segmented on the basis of types, on the basis of the application and on the basis of the end users. The type includes Diagnostic & Monitoring, Sign Monitoring and Therapeutic Devices.

On the basis of application it includes Fitness, Blood Pressure, Heart rate, Weight monitoring, and Others. On the basis of the End Users the segment includes Sports person, Patients and Others.

Americas Wearable Medical Device market has been segmented on the basis of types, on the basis of the application and on the basis of the end users. The type includes Diagnostic & Monitoring, Sign Monitoring and Therapeutic Devices.

On the basis of application it includes Fitness, Blood Pressure, Heart rate, Weight monitoring, and others. On the basis of the End Users the segment includes Sports person, Patients and Others.

 

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Table of Contents

1    Report Prologue    

2    Market Introduction    


2.1    Introduction    

2.2    Scope of Study    

2.3    Research Objective    

2.4    Assumptions & Limitations    

2.4.1    Assumptions    

2.4.2    Limitations    

3    Research Methodology    

3.1    Research Process    

3.2    Primary Research    

3.3    Secondary Research    

4    Market Dynamics    

4.1    Drivers    

4.1.1    Improving Medical Device Regulation    

4.1.2    Growing incidence number of chronic diseases    

4.1.3    Increasing prevalence of diseases    

4.1.4    Increasing inclination towards home healthcare    

4.2    Restraints    

4.2.1    Risk Associated with design, power and safety    

5    Market Factor Analysis    

5.1    Porter’s Five Forces Model    

5.1.1    Bargaining power of suppliers    

5.1.2    Bargaining Power of Buyers    

5.1.3    Threat of New Entrants    

5.1.4    Threat of Substitutes    

5.1.5    Intensity of Rivalry    

5.2    Supply Chain Analysis    

6    Americas Wearable Medical Device Market, By Type    

6.1    Diagnostic & Monitoring    

6.2    Sign Monitors

6.3     Therapeutics Devices

7    Americas Wearable Medical Device Market, By Application     

7.1    Fitness

7.2    Blood Pressure    

7.3    Heart Rate    

7.4    Weight Control

7.5      Others    

8    Americas Wearable Medical Device Market, By End Users     

8.1     Sport Person

8.2     Patients    

8.3     Others     

9    Americas Wearable Medical Device Market, By Regions    

9.1    North America    

9.1.1 U.S 

9.1.2 Canada    

9.2     South America

10    Competitive Landscape    

10.1    Pricing of Wearable Medical Device     

10.2    Production Capacity of Major Players    

11    Company Profile    

11.1    Apple

11.1.1    Overview    

11.1.2    Product/Business Segment Overview    

11.1.3    Financial Updates    

11.1.4    Key Developments    

11.2    Abbott Laboratories    

11.2.1    Overview    

11.2.2    Product/Business Segment Overview    

11.2.3    Financial Updates    

11.2.4    Key Developments    

11.3    Basis Sciences    

11.3.1    Overview    

11.3.2    Product/Business Segment Overview    

11.3.3    Financial Updates    

11.4    Fitbit    

11.4.1    Overview    

11.4.2    Product/Business Segment Overview    

11.4.3    Financial Updates    

11.5    Garmin     

11.5.1    Overview    

11.5.2    Product/Business Segment Overview    

11.5.3    Financial Updates    

11.5.4    Key Developments    

11.6   Jawbone

11.6.1    Overview    

11.6.2    Product/Business Segment Overview    

11.6.3    Financial Updates    

11.6.4    Key Developments    

11.7    Lifewatch AG    

11.7.1    Company Overview    

11.7.2    Product/Business Segment Overview    

11.7.3    Financial Updates    

11.7.4    Key Development    

11.8    Omron Corporation

11.8.1    Overview    

11.8.2    Product/Business Segment Overview    

11.8.3    Financial Overview    

11.8.4 Key Development

11.9    Philip Healthcare

11.9.1    Overview    

11.9.2    Product/Business Segment Overview    

11.9.3    Financial Overview    

11.9.4 Key Development

11.10    Polar Electo    

11.10.1 Overview    

11.10.2 Product/Business Segment Overview    

11.10.3 Financial Overview

11.10.4 Key Development

11.11 Others

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