Wearable Medical Devices Market Share Analysis of Leading Companies Operating Across the Global Market Research Report
There is a growing prevalence of cardiovascular diseases (CVD), chronic respiratory diseases, neurological disorders, hearing disorders, and chronic pain across the globe. In the European Union (EU), chronic obstructive pulmonary disease (COPD) is the primary cause of large number of deaths. Publisher’s market research analysts have identified the growing prevalence of chronic diseases as one of the primary factors fueling the growth of the wearable medical devices market during the next few years. Since the adoption of wearable medical technology reduces costs and eliminates the need for frequent hospital visits, there will be a growing demand for these devices especially among the patients with chronic diseases. Our market research analysts have estimated that this market will grow steadily at a CAGR of close to 10% by 2022.The emergence of innovative wearable medical devices will be one of the key trends gaining traction in the wearable medical devices market throughout the next few years. With manufacturers focusing on designing improved wearable monitoring devices, the market is witnessing a rapid increase in innovative products. Technological innovations such as system-on-chip (SoC) and chip scale package (CSP) enable manufacturers to develop compact, light and ergonomic medical devices. Moreover, the adoption of technologies such as 32-bit ARM architecture and wireless technologies like ANT+ and Bluetooth low energy (BLE) also aid in developing medical devices that consume low power and longer battery life.
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Companies covered
The wearable medical devices market appears to be moderately fragmented owing to the presence of numerous large and small vendors. This research report provides an analysis of the market’s competitive environment and offers information about the vendors and their product portfolio. The report also provides information about the key focus areas of the companies and the strategies the have adopted to sustain the competition in the wearable medical devices market.
This research report provides an analysis of the various companies in this market including:
Fitbit
Garmin
Koninklijke Philips
OMRON Corporation
Sonova
William Demant
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