Press release
Wearable Medical Device Market 2020 Growth Accelerated by Healthy CAGR, Upcoming Trends and Key Companies Analysis Fitbit, Inc., Xiaomi Technology Co., Ltd, Samsung Electronics Co. Ltd., Huawei Technologies Co., Ltd., Garmin Corporation, Apple Inc., Polar
Wearable Medical Device Market
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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. 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.
The market is witnessing growth due to factors such as growth in the medical devices, pharmaceutical, and biotechnology industries; rising safety concerns related to food and beverage products; and the increasing number of product recalls due to microbial contamination are expected to drive the growth of this market during the forecast period. However, the high cost of wearable devices and lack of reimbursement and risks regarding the access and security of data collected by third-party healthcare service providers is expected to restrain market growth in the coming years.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:
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
Key Factors Impacting Market Growth:
Increasing product innovation in health monitoring gadgets
Changing lifestyle patterns with a preference towards real-time health monitoring
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North America, Western Europe, and Asia Pacific by region are estimated to dominate the wearable medical device market during the forecast period. These regions have been market leaders for the overall healthcare sector in terms of technological developments and advanced medical treatments. Moreover, the government policies have been favorable for the growth of the healthcare infrastructure in these regions. North America and Western Europe have an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for wearable medical device market during the forecast period.
The US, Germany, France, UK, Canada, and Spain have been some the major markets in the region. Asia Pacific is estimated to register one of highest CAGR for wearable medical device market during the forecast period. This region has witnessed strategic investments by global companies to cater the growing demand in the recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for wearable medical device market in the region. Other regions including Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for wearable medical device during the forecast period.
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
Smart watches
Smart clothing
Others
By Application:
Sports and Fitness
Remote Patient Monitoring
Home Healthcare
By Region:
North America
By Country (US, Canada, Mexico)
By Product
By Type
By Application
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Product
By Type
By Application
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Product
By Type
By Application
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Product
By Type
By Application
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Product
By Type
By Application
Rest of the World
By Region (South America, Africa)
By Product
By Type
By Application
Reasons To Buy This Report:
Market size estimation of the wearable medical device market on a regional and global basis
Unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market
Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: US +1 208 405 2835 UK +44 121 364 6144 APAC +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com
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