Comprehensive Study on Wearable Medical Devices Market 2018-2025 Strategic Assessment by Leading Players Xiaomi Technology, Samsung Electronics. Fitbit, Garmin Corporation and others
Wearable devices help a patient to have access to his own health records while performing the daily routine activities or tasks. 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.
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Companies Profiling in this Study:
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
The objective of the study is to describe, define, and forecast the wearable medical devices market by product class and application, and region. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends).
The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall wearable medical devices market. 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.
Key Points Covered in this Study:
- Market size and growth rate during forecast period.
- Key factors driving the Wearable Medical Devices market
- Key market trends cracking up the growth of the Wearable Medical Devices market
- Challenges to market growth.
- Key vendors of Wearable Medical Devices market
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Wearable Medical Devices market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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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 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 company players are indulged into development of novel and innovative products to cater the demands of users in the wearable medical devices market. For instance, in October 2018, Huawei Consumer Business Group (BG) launched two new wearables, HUAWEI WATCH GT and HUAWEI Band 3 Pro. The new wearables offer novel and sophisticated ways for consumers to track their activities and receive fitness coaching, based on scientific research.
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.
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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 global 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 Wearable Medical Devices Market, thereby allowing players 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 commercial interest with respect to products, segmentation and industry verticals.
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 a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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