Press release
Wearable Medical Device Market 2018 with prestigious vendors OMRON Corporation, Koninklijke Philips N.V., Polar Electo etc. Outlook 2023
Global Wearable Medical Device Market Information by Product (Diagnostic, Therapeutic Device.), by Applications (Fitness, Remote Patient Monitoring, Home Healthcare), - Forecast to 2027The global market of a wearable medical device is expected to grow with a CAGR of 18% during the forecasted period 2017-2023. The market generated near around USD 2 billion during 2016 and is expected to reach approximately USD 6 billion by the end of the forecasted period.
KEY PLAYERS FOR WEARABLE MEDICAL DEVICE MARKET
Apple Inc. (U.S), Abbott (U.S), Basis, an Intel Company (U.S), Fitbit, Inc. (U.S), Garmin Ltd. (U.S), Jawbone (U.S), LifeWatch (Stelzerland), OMRON Corporation (Japan), Koninklijke Philips N.V. (Netherland), Polar Electo (Finland) and others
Get Sample Report @ https://www.marketresearchfuture.com/sample_request/899 .
MARKET OVERVIEW FOR WEARABLE MEDICAL DEVICE MARKET
Wearable medical devices have become a trend among youth today. People are now concerned about their health and fitness. These devices keep a track of number of activities performed by an individual, for instance, number of steps taken while walking. Extensive use of fitness trackers by adults and strict regulations governing standards for the manufacturing of medical devices also boost the demand for wearable medical devices. Prominent market players are now targeting the youth by product differentiation and selling the devices at affordable prices.
The wearable devices are generally used in hospitals, at home and by individual person for his or her personal fitness. The wearable devices are easy to use and provide individual real time information about the heart rate, blood pressure, weight, sleeping and other such information related to health and maintain life healthy in various ways. In August 2016, Philips launched a new line of wearable health devices listed with the FDA. Furthermore, innovation and advancements in wearable technology, especially miniaturization of sensor technology, wireless communication technology, and wearable computational technology trigger the development of small, durable, comfortable, safe and low cost wearable medical devices. The miniaturization of wearable devices has also enabled clinical monitoring beyond the hospital area, in the home or during outdoor activities. In May 2015, Bayer Material Science LLC launched a new polycarbonate blend for wearable medical devices. This device can perform a variety of important tasks, such as monitoring vital signs or delivering drugs.
China is the largest market for these devices due to increasing awareness regarding fitness and health, technological advancement and increasing prevalence of diabetes and heart diseases. According to the World Health Organization, the number of annual cardiovascular events account to 41% of total deaths in China, while number of diabetic patients in India was about 65 million in 2016, which will reach to 101 million by 2030.
Wearable medical devices market is flourishing and is expected to continue its speedy growth due to changing lifestyle of people, increasing prevalence of obesity and diabetes and growing awareness about health. According to the International Diabetes Federation, about 420 million adult population worldwide was suffering from diabetes in 2016, which is increasing at the rate of 8.4% per year and is expected to reach 625 million by 2040. High cost of fitness trackers may restrain the market growth.
SEGMENTS FOR WEARABLE MEDICAL DEVICE MARKET
The Wearable Medical Device Market can be segmented on the basis of Application: Sports Fitness, Remote Patient Monitoring, and Home Healthcare. On the basis of Product the market can be segmented as: Diagnostic, Therapeutic Device.
REGIONAL ANALYSIS FOR WEARABLE MEDICAL DEVICE
Asia Pacific is showing great growth potential in the wearable medical device market in the forecasted period. Increasing awareness among individuals, increasing income and rising fitness and healthcare concern across the globe is resulting in the growth the Wearable Medical Device market. North America and Europe are other significant markets for the market due to technological advancements.
Get Discount @ https://www.marketresearchfuture.com/check-discount/899.
China is the largest market for these devices due to increasing awareness regarding fitness and health, technological advancement and increasing prevalence of diabetes and heart diseases. According to the World Health Organization, the number of annual cardiovascular events account to 41% of total deaths in China, while number of diabetic patients in India was about 65 million in 2016, which will reach to 101 million by 2030.
Wearable medical devices market is flourishing and is expected to continue its speedy growth due to changing lifestyle of people, increasing prevalence of obesity and diabetes and growing awareness about health. According to the International Diabetes Federation, about 420 million adult population worldwide was suffering from diabetes in 2016, which is increasing at the rate of 8.4% per year and is expected to reach 625 million by 2040. High cost of fitness trackers may restrain the market growth.
The Middle East region also shows a growth in the wearable devices market owing to strengthening healthcare system, and demand for technology in healthcare. In the Middle, lack of physical exercise, lifestyle changes and rising prevalence of chronic diseases are factors driving the growth of this market.
Request for TOC @ https://www.marketresearchfuture.com/request-toc/899 .
About Us:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us:
Market Research Future, Office No. 528,
Amanora Chambers Magarpatta Road,
Hadapsar, Pune - 411028 Maharashtra, India
Phone: +1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Wearable Medical Device Market 2018 with prestigious vendors OMRON Corporation, Koninklijke Philips N.V., Polar Electo etc. Outlook 2023 here
News-ID: 1078684 • Views: …
More Releases from Market Research Futture

Global Sticker Printer Market to Reach USD 7.65 Billion by 2034, Growing at 7.5% …
The global Sticker Printer Market was valued at USD 3707.74 Million in 2024 and is projected to grow from USD 3986.57 Million in 2025 to USD 7656.17 Million by 2034, exhibiting a CAGR of 7.5% during the forecast period from 2025 to 2034. The market growth is driven by rising adoption of sticker printers for promotional campaigns, self-expression, and personalized branding, alongside the growing shift toward variable data printing and…

Precision Livestock Farming Market to Grow at 15.14% CAGR, Surpassing USD 8.37 B …
Precision Livestock Farming (PLF) refers to the integration of digital technologies into animal husbandry to monitor, track, and optimize livestock performance, health, and welfare. These systems leverage real-time data collected through sensors, wearables, AI, and automation to improve productivity, reduce environmental impact, and ensure animal well-being.
In 2024, the PLF market stood at USD 2.45 billion, reflecting its increasing global adoption. By 2034, the market is forecast to reach USD 8.37…

Electrical & Electronics Testing, Inspection, & Certification Market worth USD 1 …
Market Overview
Market Research Future (MRFR) forecasts the Global Electrical & Electronics Testing, Examination, & Licensing Market will reach USD 157.63 billion by 2030, growing at a 5.17 % CAGR (forecast period). Compliance testing, accounting, inspection, quality control, and certificate are all part of the Electrical & Electronic Testing, Inspection, and Certification (TIC) services.
These solutions are used by organizations across several industrial sectors to increase the efficiency and productivity of production…

Cyber Security Market is Anticipated to Grow USD 390.2 Billion at a CAGR of 14.5 …
Market overview
According to the studies, the cyber security market will grow up to 390.2 billion USD by the end of the year 2025. The market will grow at a CAGR rate of 14.50% in the upcoming years. The global cyber security market was valued at around 155.23 billion USD in 2019. The market will grow up to 251.23 billion USD by the end of the year 2027. Even another report…
More Releases for Wearable
Wearable Manicure Market
The "Wearable Manicure Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Wearable Manicure Market, 2024-2031
Verified Market Research's most recent report, "Wearable Manicure Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Wearable Biosensors Industry: Unveiling Health Insights through Wearable Technol …
The wearable biosensors market is predicted to rise to US$ 65,400.2 Million by 2033 from an estimated US$ 29,648.8 Million in 2023. From 2023 to 2033, the market for wearable biosensors is anticipated to expand at a CAGR of 8.2%.
The wearable biosensors market is revolutionizing personalized healthcare by enabling real-time monitoring of health parameters and providing valuable insights for individuals. Wearable biosensors, integrated into devices such as smartwatches, fitness bands,…
Pet Wearable
Global Pet Wearable Market is valued approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $$ % over the forecast period 2022-2028. The Pet Wearable can be defined as smart wearable devices intended for pets. These devices are utilized for identification and tracking of pets. Pet wearable comprised of different devices such as Smart Collar, Smart Vest, Smart Harness, and…
Wearable Injectors Market | On-body Wearable Injectors, Off-body Wearable Inject …
A report by Transparency Market Research (TMR) throws light on the key dynamics operating within the global market for wearable injectors. The competitive landscape of the global market for wearable injectors has witnessed the entry of several newbie players over the past decade. This abrupt influx of new vendors can be attributed to the large market gap and lucrative growth opportunities floating in the global wearable injectors market. In order…
WEARABLE TECHNOLOGY REVOLUTION IN THE HEALTHCARE INDUSTRY BY DEVICES (WEARABLE M …
The various scientific advancements are constantly transforming the healthcare industry to improve patient care and diagnosis. The advent of smart wearable technology is modifying the healthcare industry in the form of wearable medical devices. Let’s take a look at some of the most trending gadgets that are enhancing the lives of patients using this user-friendly wearable technology:
Biopatches, Bands, and Phone Pads for Heart Rate Monitoring:
Biopatches are lightweight, wireless diagnostic wearable…
Wearable Electronic Devices Market,Wearable Electronic Devices Industry, Global …
Latest industry research report on: Global Wearable Electronic Devices Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This report studies the global Wearable Electronic Devices market status and forecast, categorizes the global Wearable Electronic Devices market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other…