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Global Military Wearable Medical Device Market to reach USD 36.0 billion by 2027.

Global Military Wearable Medical Device Market Size study, By Application (Heart Monitor, Performance Monitor) and Regional Forecasts 2021-2027

Product Code: HLHIT-53440289
Publish Date: 20-01-2022
Page: 200

Global Military Wearable Medical Device Market is valued at approximately USD 5.7 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 30.1 % over the forecast period 2021-2027. Military Wearable Medical Device is used to report the emergency data. This device can withstand the heavy impact accurately to report back such as heart monitor and performance monitor etc. The increasing need for advanced technology has led to the adoption of Military Wearable Medical Devices across the forecast period. For Instance: according to Statista in 2021, technological innovations are increasing rapidly in the field of medical sector such as development of 5G technology, artificial intelligence etc. The shipment of smartwatches is estimated to attain 253 million by 2025. Rising R&D investment in military activities enhances the market growth of military wearable medical devices. Also, with the increasing need to improve military performance, the adoption & demand for Military Wearable Medical Device is likely to increase the market growth during the forecast period. However, fluctuating defence budget impedes the growth of the market over the forecast period of 2021-2027.

The geographical regions considered for the global Military Wearable Medical Device market analysis includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is deemed as the significant region across the globe in terms of huge market share due to the rising R&D activities for military wearable devices, increasing demand for wearable devices in the medical sector. Whereas, North America is also estimated to attain a maximum growth rate during 2021-2027. Factors such as strict training and service of soldiers, rising technological advancements towards the safety of militaries would create beneficial growth forecasts for the Military Wearable Medical Device market across North America region.

Major market players included in this report are:
Bittium
Polar Electro
Oura
Garmin
NeuroMetrix
GOQii
Apple Inc.
Samsung
Fitbit
Zephyr Technology Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Heart Monitor
Performance monitor
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Military Wearable Medical Device Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global Military Wearable Medical Device Market, by Region, 2019-2027 (USD Billion)
1.2.2. Global Military Wearable Medical Device Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Military Wearable Medical Device Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Military Wearable Medical Device Market Dynamics
3.1. Military Wearable Medical Device Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing need for advanced technology
3.1.1.2. Rising R&D investment in military activities
3.1.2. Market Challenges
3.1.2.1. Fluctuating defence budget
3.1.3. Market Opportunities
3.1.3.1. Increasing need to improve military performance
Chapter 4. Global Military Wearable Medical Device Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Military Wearable Medical Device Market, by Application
6.1. Market Snapshot
6.2. Global Military Wearable Medical Device Market by Application, Performance – Potential Analysis
6.3. Global Military Wearable Medical Device Market Estimates & Forecasts by Application, 2018-2027 (USD Billion)
6.4. Military Wearable Medical Device Market, Sub Segment Analysis
6.4.1. Heart Monitor
6.4.2. Performance Monitor
Chapter 7. Global Military Wearable Medical Device Market, Regional Analysis
7.1. Military Wearable Medical Device Market, Regional Market Snapshot
7.2. North America Military Wearable Medical Device Market
7.2.1. U.S. Military Wearable Medical Device Market
7.2.1.1. Application breakdown estimates & forecasts, 2018-2027
7.2.2. Canada Military Wearable Medical Device Market
7.3. Europe Military Wearable Medical Device Market Snapshot
7.3.1. U.K. Military Wearable Medical Device Market
7.3.2. Germany Military Wearable Medical Device Market
7.3.3. France Military Wearable Medical Device Market
7.3.4. Spain Military Wearable Medical Device Market
7.3.5. Italy Military Wearable Medical Device Market
7.3.6. Rest of Europe Military Wearable Medical Device Market
7.4. Asia-Pacific Military Wearable Medical Device Market Snapshot
7.4.1. China Military Wearable Medical Device Market
7.4.2. India Military Wearable Medical Device Market
7.4.3. Japan Military Wearable Medical Device Market
7.4.4. Australia Military Wearable Medical Device Market
7.4.5. South Korea Military Wearable Medical Device Market
7.4.6. Rest of Asia Pacific Military Wearable Medical Device Market
7.5. Latin America Military Wearable Medical Device Market Snapshot
7.5.1. Brazil Military Wearable Medical Device Market
7.5.2. Mexico Military Wearable Medical Device Market
7.6. Rest of The World Military Wearable Medical Device Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Bittium
8.2.1.1. Key Information
8.2.1.2. Overview
8.2.1.3. Financial (Subject to Data Availability)
8.2.1.4. Product Summary
8.2.1.5. Recent Developments
8.2.2. Polar Electro
8.2.3. Oura
8.2.4. Garmin
8.2.5. NeuroMetrix
8.2.6. GOQii
8.2.7. Apple Inc.
8.2.8. Samsung
8.2.9. Fitbit
8.2.10. Zephyr Technology Corporation
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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