Press release
Global Wearable Medical Device Market 2019 Global Trend, Segmentation and Opportunities Forecast to 2028
Wearable medical devices are benefitting users by improving health outcomes and healthcare and providing real-time management on improved tracking and health management. The growth of this market can be attributed to the increasing adoption of smart technology and awareness among people regarding fitness.
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The tech world is developing wearable medical devices that will entertain customers and help them live a longer and healthier life. Developing markets are anticipated to exhibit exponential growth, owing to the presence of local market players. They offer advanced devices at lower costs, which is a major growth driver for the market.
Based on type, the market has been segmented into patches, activity monitors, smartwatches, smart clothing, and others. Smartwatches are capable of monitoring various parameters such as respiratory rate, physical activity, calorie burn, footsteps, etc. Major players such as Samsung and Apple have also launched mobile apps, which can be connected to these watches via Bluetooth. This is further propelling market growth. Based on application, the market has been segmented into home healthcare, sports & fitness, remote patient monitoring, and others.
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Global Wearable Medical Device Market Segmentation:
By Product:
• Diagnostics
◦ Vital Sign Monitoring Devices
▪ Heart Rate Monitors
▪ Activity Monitors
▪ Blood Pressure Monitors
▪ Others
◦ Sleep Monitoring Devices
▪ Sleep Trackers
▪ Wrist Actigraphs
▪ Others
◦ Neuromonitoring Devices
▪ Electroencephalographs
▪ Electromyographs
▪ Others
◦ Therapeutics
▪ Pain Management Devices
• Neurostimulation
• Others
▪ Insulin/Glucose Monitoring Devices
• Insulin Pumps
• Others
▪ Rehabilitation Devices
• Accelerometers
• Sensing Devices
• Others
▪ Respiratory Therapy Devices
• Ventilators
• Portable Oxygen Concentrators
• Others
By Type:
• Patches
• Activity monitors
• Smartwatches
• Smart clothing
• Others
By Application:
• Sports and Fitness
• Remote Patient Monitoring
• Home Healthcare
This report provides a detailed understanding of the Global Wearable Medical Device Market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.
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Companies Covered:
• Fitbit, Inc
• Xiaomi Technology Co.Ltd
• Samsung Electronics Co. Ltd
• Huawei Technologies Co.Ltd
• Garmin Corporation
• Apple Inc
• Polar Electro
• Activinsights Ltd
• OMRON Corporation
• VitalConnect
This upcoming study will be published shortly with a focus on the key stakeholders in the market. Regions covered in the study include North America, Asia-Pacific, Western Europe, Eastern Europe, Middle East and Rest of the World.
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About Quince Market Insights:
Quince Market Insights is a global market research and consulting company publishing syndicate studies as well as consulting assignments about market opportunities that promise high growth in the future. The company also provides information on different research practices such as competitive analysis, product mapping, value chain analysis, etc., assisting clients in strategic decision-making.
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