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What's driving the Medical Wearables Market Growth? Prominent Players: Fitbit, Omron Healthcare, Inc, Dragerwerk, VitalConnect, Monica Healthcare Ltd
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Top Key Players Covered:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the global Medical Wearables market. Some of the companies operating the global Medical Wearables market are;
• Fitbit
• LifeWatch Services Inc
• Omron Healthcare, Inc.
• Dragerwerk
• Nokia
• Activinsights
• VitalConnect
• Xiaomi
• Misfit
• Monica Healthcare Inc.
Rapid adoption of digitalization among practitioners and patients is likely to fuel the demand in the global Medical Wearables market. Additionally, increasing per capita income and rising living standards is expected to drive the global Medical Wearables market during the forecast period 2018-2025.
However, high cost associated with the devices and lack of skilled professional to operate the system are a few factors that may hamper the growth in the global Medical Wearables market.
In-Depth Regional Analysis:
The global medical wearables market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Europe are anticipated to be the two largest markets for medical wearables at present and they are expected to account for a large proportion of the market in the forecast period as well.
North America is projected to account for the largest share in the global market in 2018 owing to the increasing adoption of wearable devices, the rising prevalence of lifestyle diseases and the increasing emphasis on healthcare fitness among the general population.
As stated in the report North America holds a significant share in the market. The trend is unlikely to change and North America may continue holding its position. The growth witnessed is attributable to high presence of key developers in nations such as Canada and U.S.
The Asia Pacific Medical Wearables market is expected to expand at a promising CAGR during the forecast period. The constantly improving healthcare infrastructure in the region is expected to contribute to Asia Pacific market expansion.
The analysis conducted in the report is based on industry leading tools and techniques. The report prepared by Fortune Business Insights, offers innovative strategies based on various analysis. The information offered is collected from reliable primary and secondary sources. The report also provides information about key companies operating in the market.
Key Segmentation:
• By Distribution Channel:
• Hospital & clinics pharmacies
• Retail pharmacies
• Online pharmacies
By Geography:
-- North America (USA and Canada)
-- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
-- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
-- Latin America (Brazil, Mexico and Rest of Latin America)
-- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Major Table of Content for Medical Wearables Market:
1. Introduction
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Medical Wearables Market Analysis, Insights and Forecast, 2014-2025
6. North America Medical Wearables Market Analysis, Insights and Forecast, 2014-2025
7. Europe Medical Wearables Market Analysis, Insights and Forecast, 2014-2025
8. Asia Pacific Medical Wearables Market Analysis, Insights and Forecast, 2014-2025
9. Middle East and Africa Medical Wearables Market Analysis, Insights and Forecast, 2014-2025
10. Latin America Medical Wearables Market Analysis, Insights and Forecast, 2014-2025
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