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Wearable Medical Devices Market to 2025 - Fitbit, Garmin Corporation, Apple, Samsung Electronics, Xiaomi Technology and HUAWEI Technologies

02-01-2019 04:55 AM CET | Health & Medicine

Press release from: The Insight Partners

Wearable Medical Devices expected to reach US$ 23,310.9 Mn in 2025

Wearable Medical Devices expected to reach US$ 23,310.9 Mn in 2025

Key factors driving the market are increasing prevalence of chronic diseases, rising geriatric population and rising awareness regarding importance of fitness are key drivers for the growth of the market. The report would be of an interest to various stakeholders operating in the wearable medical devices market. These stakeholders include healthcare institutes, research institutes, wearable medical devices product manufacturers and vendors, research consulting firms, wearable medical devices service providers, distributors and others.

The global wearable medical devices market is expected to reach US$ 23,310.9 Mn in 2025 from US$ 6,231.7 Mn in 2017. The market is estimated to grow with a CAGR of 18.1% from 2018-2025.

The report provides key statistics on the market status of the Corporate Secretarial Services players and offers key trends and opportunities in the market.

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Diagnostic & monitoring devices are driving the market for wearable medical devices over the forecast period, in the device type segment.

Some of the prominent players operating in wearable medical devices market are Xiaomi Technology Co., Ltd, Samsung Electronics Co., Ltd., Fitbit, Inc., Garmin Corporation, Apple Inc., HUAWEI Technologies Co., Polar Electro, Omron Corporation, Activinsights Ltd., and VitalConnect.

Wearable medical devices market is segmented into device type and application. On the basis of device type, the market is segmented into diagnostic & monitoring devices and therapeutic devices. The diagnostic & monitoring devices segment is further classified as, vital signs monitoring devices, glucose monitoring devices, sleep monitoring devices, and other devices. The segment of therapeutic devices is further segmented as, pain management devices, rehabilitation devices, respiratory therapy devices, and insulin pumps. The market based on the application is segmented as remote patient monitoring, sports & fitness and home healthcare.

The report enables you to-

• Formulate significant competitor information, analysis, and insights to improve R&D strategies

• Identify emerging players with potentially strong product portfolio and create effective counter strategies to gain competitive advantage

• Identify and understand important and diverse types of Wearable Medical Devices under development

• Develop market entry and market expansion strategies

• Plan mergers and acquisitions effectively by identifying major players with the most promising pipeline

• In-depth analysis of the product's current stage of development, territory and estimated launch date

The report analyzes factors affecting market from both demand and supply side and further evaluates wearable medical devices market dynamics effecting the wearable medical devices market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key manufacturing companies along with their SWOT analysis and market strategies.

The objectives of this report is as follows:

- To provide overview of the global Wearable Medical Devices market

- To analyze and forecast the global Wearable Medical Devices market on the basis of component, connectivity network and application

- To provide market size and forecast till 2025 for overall Wearable Medical Devices market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries

- To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend

- To provide exhaustive PEST analysis for all five regions

- To profile key Wearable Medical Devices players influencing the market along with their SWOT analysis and market strategies

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Reason to Buy:

-Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the wearable medical devices market.

-Highlights key business priorities in order to assist companies to realign their business strategies.

-The key findings and recommendations highlight crucial progressive industry trends in the global wearable medical devices market, thereby allowing players across the value chain to develop effective long-term strategies.

-Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

-Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

-Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

About Us
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.
We are committed to providing highest quality research and consulting services to our customers. We help our clients understand key market trends, identify opportunities, and make informed decisions by providing market research solutions at an affordable cost

Contact us
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com

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