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Wearable Medical Devices Market Expected to reach $29.53 billion Growing at a CAGR of 19.2% from 2018 to 2026 | Manufacturers- Apple, Samsung, Xiaomi, Philips Electronics, Nokia Technologies, OMRON Corporation, Fitbit, Medtronic, LifeWatch AG

11-16-2018 04:20 PM CET | IT, New Media & Software

Press release from: ReportsWeb

Wearable Medical Devices Market

Wearable Medical Devices Market

Global Wearable Medical Devices Market is accounted for $6.05 billion in 2017 and is expected to reach $29.53 billion by 2026 growing at a CAGR of 19.2% during the forecast period. Rising prevalence of chronic diseases, increasing demand for user friendly interface and ability to coordinate with mobile phones and tablets, and technological advancements are some of the key factors favouring the market growth. However, data security & privacy and lack of reimbursement are hindering the market growth. Moreover, change in trend from traditional to wearable devices and stable rise of remote patient monitoring and home healthcare are some of the opportunities for the market growth.

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Key players in the Wearable Medical Devices Market include Apple, Samsung, Xiaomi Inc., Philips Electronics, Nokia Technologies, OMRON Corporation, Fitbit, Medtronic plc, LifeWatch AG, Actelion Pharmaceuticals, Garmin, Vitalconnect, Jawbone, Monica Healthcare, Polar Electro, Sotera Wireless, Lifesense, Cleveland Medical Devices, Inc., Nuubo and Intelesens Ltd.

A wearable medical device is used to track or supervise, such as heart rate, blood glucose level and blood pressure. The variety of devices includes watches, bands, clothing, and accessories.

Based on type, activity monitors segment held significant growth due to the high prevalence of diseases, increasing adoption of inactive & unhealthy lifestyles and rising awareness of fitness and health. By geography, North America is expected to register the highest market growth during the forecast period owing to the presence of highly developed healthcare infrastructure, growing adoption of medical technologies and the progress of interconnected and highly advanced healthcare apps and compatible devices.

Market Segmentation:

Distribution Channels Covered:

Hypermarkets, Online Channel, Pharmacies

Types Covered:

Patches, Smart Clothing, Smart watches, Activity Monitors, Ear Wear

Device Types Covered:

Therapeutic Devices, Diagnostic and Monitoring Devices

End Users Covered:

Home Healthcare, Remote Patient Monitoring, Fitness and sports, Hospitals and clinics

Trackers Covered:

Activity trackers, Fitness trackers, Sports trackers, Other Trackers

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Geographically, this report is segmented into several key Regions, with Sales, Sales, revenue, Market Share (%) and Growth Rate (%) of product in these regions, from 2017 to 2026 (forecast), covering United States, North America (Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa), RoW (Rest of World).

Table of Contents

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Wearable Medical Devices Market, By Product

6 Global Wearable Medical Devices Market, By Access Methods

7 Global Wearable Medical Devices Market, By Technology

8 Global Wearable Medical Devices Market, By Application

9 Global Wearable Medical Devices Market, By Geography

10 Key Developments

11 Company Profiling

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What our report offers:

Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

About ReportsWeb:

ReportsWeb.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.

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