Wearable Medical Devices Market is foreseen to expand at a CAGR of 18.1% during the forecast period 2018-2025
Wearable Medical Devices Market to 2025 by The Insight Partners unfolds key market insights collected through extensive primary and secondary research, segmented on the basis of Device Type and Application. The Wearable medical devices market is anticipated to reach USD 23,310.9 Mn by 2025 from USD 6,231.7 Mn in 2017.Get Sample PDF@ https://www.theinsightpartners.com/sample/TIPHE100000834/?op-sp
Global Wearable Medical Devices Market is foreseen to expand at a CAGR of 18.1% during the forecast period 2018-2025. The report is a must-have for various stakeholders operating in the Wearable Medical Devices Market for detailed analysis of estimates and forecasts on market size, share, ongoing and upcoming industry trends, and future market potential.
The Wearable medical devices market is projected to grow at a CAGR of 18.1% during the period 2018-2025.
Market Highlights:
Wearable medical devices are registering high demand on account of technological advancements and the growing popularity of connected healthcare devices. The global Wearable medical devices market is forecasted to reach S$ 23,310.9 Mn in 2025 from US$ 6,231.7 Mn in 2017. The improved focus of the population toward physical fitness, coupled with the rising preference for wireless connectivity among healthcare providers, are significantly contributing to the market growth.
Regional Overview
The report offers exclusive insights into the Wearable medical devices market size for five global regions covering eighteen countries. It also includes exhaustive PEST analysis for North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America (S&CAM).
North America currently dominates the Wearable medical devices market due to the presence of developed healthcare infrastructure in the region along with a high focus on developing interconnected and technologically advanced healthcare apps and other compatible devices.
Segmentation:
The market for global wearable medical devices is thoroughly studied on the basis of device type and application. By device type, the market is segmented as 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 market by therapeutic devices is sub-segmented into pain management devices, rehabilitation devices, respiratory therapy devices, and insulin pumps. The market, by application, is segmented as remote patient monitoring, sports & fitness, and home healthcare.
Key Players:
The report profiles the ten leading wearable medical devices manufacturers, detailing their products offering, financial overview, SWOT analysis, and market-specific developments in recent years. Key players mentioned in the report 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.
Industry news:
The market is continually witnessing the development of innovative products by manufacturers. Huawei Consumer Business Group (BG), in October 2018, launched two new wearables, HUAWEI WATCH GT and HUAWEI Band 3 Pro, which enable consumers to track their activities and receive fitness coaching, based on scientific research.
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About The Insight Partners:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients through our syndicated and consulting research services. We specialize in industries such as Medical Device, Semiconductor and Electronics, Biotechnology, Healthcare IT, Manufacturing and Construction, Chemicals and Materials, and others.
We are committed to providing customers with the highest quality research and consulting services. We help clients understand the key market trends, identify opportunities, and make informed decisions with our research offerings at an affordable cost.
We understand syndicated reports may not meet the precise research requirements of all our clients. We offer multiple ways to customize research as per specific needs and budget
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