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.
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.
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.
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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:
Drinking Water Treatment
Industrial Water 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 Portable Oxygen Concentrators
Pain Relief/Management Devices
Neuro Stimulation Devices
Insulin Management Devices
Wearable Insulin Pumps
Monitoring and Diagnostic Wearable Devices
Vital Sign Monitoring
Heart Rate Monitors
Wearable BP Monitor
Sleep Monitoring Devices
Fetal and Obstetric Devices
Wearable Fetal Monitors
Fetal Visualization Devices
Infant Motion Sensing Monitors
Wearable Prenatal Audio Belts
Neuro Monitoring Devices
Blood Glucose Monitoring Devices
Continuous Blood Glucose Monitors
Wearable Medical Devices Market By End User Application:
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.
LG ELECTRONICS INC.
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
Top 10 End user Analysis
Mergers & Acquisition Analysis
Demand Analysis ( By Revenue & Volume )
Country level Analysis (10+)
Market Shares Analysis
Value Chain Analysis
Supply Chain Analysis
Current & Future Market Landscape 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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