Medical Health & Life Science Research News

Wearable medical devices market is estimated to hit $68.65 billion by 2023

Medical Market Research

This research report scrutinizes the Wearable Medical Devices Market: By Type (Therapeutic Wearable Devices, Diagnostic Devices, Vital Sign Monitoring Devices, Others); By Application (Home Health Care, Remote Patient Monitoring, Fitness and Sports, Others) & By Geography and also provides a forecast to 2023.

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Americas continues to lead the market share and growth during 2018-2023.

The Market Revenue for Vital Sign Monitoring Devices was fairly distributed among the American region, Europe and APAC region. The presence of an ever growing demand has been the vital driving force.

The American region had the largest share of 47%, followed by Europe and APAC with 30% and 22% respectively.

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Americas projected to register highest growth rate of 21.10% CAGR, during the forecast period. The existing customer base in the American and European region has shown the largest demand accountable as the consumers want to keep a tab on their health constantly.

The rise in disposable income of consumers has led to an increase in the purchasing power which drives the market demand. The APAC region is showing a positive demand growth.

The reason being the Healthcare policies followed by the Government, especially for the senior population. The major incidences of heart related problems are found to be associated with the senior age group.

The consumers in the APAC region want to have a healthy and stable life which has a positive impact on the market demand.

Selected / Sample Analysis done in the full Report:

The device to be launched into market in the commercialized form, is initially created as a prototype in a company or in the R&D facilities of an academic university. The prototype is extensively researched and developed in order to comply with the required customer demands and global certification regulations.

Once the prototype is finalized for commercial product launch, the manufacturers source several electronic components including sensors, microcontrollers, display screens and many others for their further integration into the device architecture. The basic frame of the wearable devices is created either by the manufacturers in their own processing plants, or obtained through third-party/contract manufacturers.

In this stage, the electronic components received through the component manufactures are integrated to synthesize the wearable medical device. The devices are then dispatched for certifications.

The certifications may vary depending on the application and invasiveness of the product; invasive medical wearable devices require stringent certification and thorough clinical testing before entering the market. Once the certification is complete, the wearable devices are offered to end-users through a comprehensive network of global and regional distributors’ networks.

Access report at: industryarc.com/Report/205/Wearabl…lysis-Report.html

Excerpts on Market Growth Factors Mentioned in the Full Report:

The growing market for wearable healthcare in long term care market is projected to drive the market.

The rising customer demand for wearable technology is projected to lead the growth of wearable medical devices market.

The amalgamation of the aforementioned factors will be influential for wearable medical devices market, fueling their expansion across the globe.

The elderly care market is forecast to exhibit high growth for the next few years. It is set to propel wearable medical device market, stemming from increased demand.

Key Players of the Wearable Medical Devices Market:

The top five companies in the Wearable Medical Devices market include Fitbit Inc., Nike Inc., Jawbone, Basis Science, and Pebble Technology Inc. Though these companies have a dominant position in the market, however, there are a few companies such as Philips Healthcare, ResMed, Fitbit, Inc, giving stiff competition to the top players with their innovative product designs.

The big players are launching new products and acquiring the smaller companies to augment their product portfolio and also to develop innovative products by leveraging the core competencies, thereby enhancing their product portfolio. Companies are also looking at acquisitions in this market to expand their capabilities and position themselves in this growing market.

Wearable Medical Devices Market Report is segmented as below.

Wearable Medical Devices Market By Type Of Water Treatment:

Water Treatment

Drinking Water Treatment

Industrial Water Treatment

Wastewater Treatment

Industrial Wastewater Treatment

Public Utility Wastewater Treatment

Wearable Medical Devices Market By Type:

Wearable Therapeutic Devices

Respiratory Therapy Devices

Positive Airway Pressure Devices

Continuous Positive Airway Pressure (CPAP) machines

Wearable Ventilators

Wearable Portable Oxygen Concentrators

Pain Relief/Management Devices

Neuro Stimulation Devices

Insulin Management Devices

Wearable Insulin Pumps

Monitoring and Diagnostic Wearable Devices

Vital Sign Monitoring

Activity Monitors

Electrocardiograms/ECG Monitors

Heart Rate Monitors

Pulse Oximeters

Spirometers

Wearable BP Monitor

Sleep Monitoring Devices

Wrist Actigraphs

Wearable Polysomnograph

Sleep trackers

Fetal and Obstetric Devices

Wearable Fetal Monitors

Fetal Visualization Devices

Infant Motion Sensing Monitors

Wearable Prenatal Audio Belts

Neuro Monitoring Devices

Electromyogram

Electroencephalographs

Blood Glucose Monitoring Devices

Continuous Blood Glucose Monitors

Wearable Medical Devices Market By End User Application:

Home Healthcare

Remote Patient Monitoring

Fitness and sports

Wearable Medical Devices Market By Geography ( Covers 10+ Countries )

Wearable Medical Devices Market Entropy

Companies Citied / Interviewed

MOTOROLA SOLUTIONS INC.

XIAOMI INC.

ADIDAS AG

GOOGLE INC.

METAWATCH LTD.

CONNECTEDEVICE LTD.

QUALCOMM INC.

LG ELECTRONICS INC.

APPLE INC.

MISFIT WEARABLES

JAWBONE UP

TIMEX GROUP

SONY CORP.

GARMIN CORPORATION

Company 15+

What can you expect from the report?

The Wearable Medical Devices Market Report is Prepared with the Main Agenda to Cover the following 20 points:

Market Size by Product Categories

Market trends

Manufacturer Landscape

Distributor Landscape

Pricing Analysis

Top 10 End user Analysis

Product Benchmarking

Product Developments

Mergers & Acquisition Analysis

Patent Analysis

Demand Analysis ( By Revenue & Volume )

Country level Analysis (10+)

Competitor Analysis

Market Shares Analysis

Value Chain Analysis

Supply Chain Analysis

Strategic Analysis

Current & Future Market Landscape Analysis

Opportunity Analysis

Revenue and Volume Analysis

Frequently Asked Questions:

Does IndustryARC publish country, or application based reports in Wearable Medical Devices Market?

Response: Yes, we do have separate reports and database as mentioned below:

 Americas Market for Wearable Medical Devices Market (2018-2023)

APAC Market for Wearable Medical Devices Market (2018-2023)

Europe Market for Wearable Medical Devices Market (2018-2023)

Home Healthcare Market for Wearable Medical Devices Market (2018-2023)

Remote Patient Monitoring Market for Wearable Medical Devices Market (2018-2023)

Fitness and sports Market for Wearable Medical Devices Market (2018-2023)

Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization

 Increase the level of data in application or end user industry.

Increase the number of countries in geography or product chapter.

Find out market shares for other smaller companies or companies which are of interest to you.

Company profiles can be requested based on your interest.

Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

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