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Technological advancement helping Wearable Medical Device Market to Change the life style pattern towards real-time health monitoring.

02-14-2020 06:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Wearable Medical Device Market

Wearable Medical Device Market

Wearable Medical Device Market is estimated to reach USD XX billion by 2028

This detailed market study focuses on the data obtained from various primary and secondary sources and is analyzed using different tools. It helps in gaining insights about the potential of the market for growth which can facilitate the investors in identifying scope and opportunities. The analysis also provides details of each segment in the global Wearable Medical Device Market.

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According to the report, Wearable Medical Device Market growth is expected to gain high momentum during the forecast period due to changing lifestyle patterns with a preference for real-time health monitoring. Market growth is due to technological advances in medical devices, growing mobile penetration and an increasing number of wearable device-compatible smartphone-based healthcare apps and increasing awareness of physical fitness.
Wearable medical devices support consumers by improving health outcomes and education as well as providing real-time management for better tracking and monitoring of safety. This market's growth can be attributed to the growing adoption of smart technology and people's awareness about health.

Segment Analysis:

Wearable Medical Device Market has been divided based on product, Type, application and region.
The wearable market for medical devices was segmented into therapeutics and diagnostics, depending on the product. The treatment section was further categorized into pain management, respiratory therapy, glucose surveillance, and others. The diagnostics section was divided into devices for sleep monitoring, devices for vital sign monitoring, devices for neuro-monitoring and others.

The market was segmented into patches, fitness monitors, smartwatches, intelligent clothing and others based on size. Smartwatches can track various parameters, such as respiratory rate, physical activity, calorie-burning, footsteps, and so on.

Major players including Samsung and Apple have introduced mobile apps that can be linked via Bluetooth to these watches, it further propelling the market growth. The market was segmented by application into home healthcare, sports & fitness, remote patient monitoring, and others.

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This report provides:

1) An overview of the Global Wearable Medical Device Market globally and related technologies.
2) Analysis of global market trends, estimates of each year and annual compound growth rate projections (CAGRs).
3) Identification of new market opportunities and targeted promotional plans for Global Wearable Medical Device Market
4) Discussion of R&D and demand for new products and new applications
5) Comprehensive company profiles of key industry players.

The researchers have studied the market in-depth and have come up with major segments like product type, application, and region. Based on their market share, growth prospects, and CAGR, each and every segment and its sub-segments are studied. Each market segment offers in-depth information on market outlook, both qualitative and quantitative.

Regional segmentation and analysis to understand growth patterns:

The market has been segmented in major regions to understand the global development and demand patterns of this market. North America expected to dominate the market during the forecast period.
This is due to the presence of existing healthcare infrastructure, the emphasis on technological advances, the growth of integrated and highly advanced healthcare technologies and compatible devices and the involvement of key players in the market.

In addition, government policies were favorable to the development of healthcare services in those areas. There is an existing health care system in North America and Western Europe for drug developments and early adaptations. This is expected to drive the market demand for wearable medical devices over the forecast period.
Asia Pacific is also expected to grow at a significant rate during the forecast period. This region has seen global companies making strategic investments to cater for the growing demand in recent years. China, Japan, India, South Korea, and Australia are among some of the region's key markets for wearable medical devices.

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, and VitalConnect

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Market Segmentation:

By Product:
o Diagnostics
o Vital Sign Monitoring Devices
Heart Rate Monitors
Activity Monitors
Blood Pressure Monitors
o Sleep Monitoring Devices
Sleep Trackers
Wrist Actigraphs
o Neuromonitoring Devices
o Therapeutics
Pain Management Devices
Insulin/Glucose Monitoring Devices
Insulin Pumps
Rehabilitation Devices
Sensing Devices
Respiratory Therapy Devices
Portable Oxygen Concentrators

By Type:
o Patches
o Activity monitors
o Smart watches
o Smart clothing
o Others

By Application:
o Sports and Fitness
o Remote Patient Monitoring
o Home Healthcare

By Region:

o North America
o By Country (US, Canada, Mexico)
o By Product
o By Type
o By Application

o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Product
o By Type
o By Application

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Product
o By Type
o By Application

o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Product
o By Type
o By Application

o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Product
o By Type
o By Application

o Rest of the World
o By Region (South America, Africa)
o By Product
o By Type
o By Application

Reasons To Buy This Report:

o Market size estimation of the wearable medical device market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557

QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world's most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

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