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Global Wearable Medical Devices Market is valued approximately USD 8 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 17.8 % over the forecast period 2019-2026. The market growth is primarily driven by factors such as rising penetration of internet and smart phone, increasing consumer spending, rising awareness for health and fitness products, technological advancements in wearable devices and so on. The global wearable medical devices market is segmented by type, by distribution channel, by device type and by application. On the basis of applications, the market is segmented into sports and fitness, remote patient monitoring, and home healthcare. Currently the market is dominated by sports and fitness segment. The market growth for sports and fitness segment is driven by availability of wide range of products, low cost of these products and increasing awareness among consumers for physical fitness.
The regional analysis of global Wearable Medical Devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing geriatric population and promptness & affordability coupled with the well-established healthcare infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising disposable income, rising incidences of injuries and improving healthcare infrastructure would create lucrative growth prospects for the Wearable Medical Devices market across Asia-Pacific region.
Major market player included in this report are:
Fitbit
Philips
Garmin
Lifewatch
Omron
Dragerwerk
Nokia Technologies
Jawbone
Polar Electro
World Global Network
Activeinsights
Vitalconnect
Xiaomi
Misfit
Monica Healthcare
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 Type:
Activity Monitors
Smartwatches
Smart Clothing
Patches
By Distribution Channel:
Pharmacies
Online Channel
Hypermarkets
By Device Type:
Diagnostics & Monitoring Devices
Vital Signs Monitoring Devices
Glucose Monitoring Devices
Sleep Monitoring Devices
Fatal Monitoring & Obstetric Devices
Neuromonitoring Devices
Therapeutic Devices
Pain Management Devices
Rehabilitation Devices
Respiratory Therapy Devices
Insulin Pumps
By Application:
Sports & Fitness
Remote Patient Monitoring
Home Healthcare
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Wearable Medical Devices 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
Global Wearable Medical Devices Market Size Study, by Type (Activity Monitors, Smartwatches, Smart Clothing, Patches) by Distribution Channel (Pharmacies, Online Channel, Hypermarkets) by Device Type (Diagnostics & Monitoring Devices, Therapeutic Devices) by Application (Sports & Fitness, Remote Patient Monitoring, Home Healthcare) by Regional Forecasts 2019-2026
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.
Primary Research Sources:
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