Press release
Worldwide Wearable Medical Devices Market Future Growth, Key Player Analysis and Forecast 2030
The Business Research Company
The global wearable medical devices market is expected decline from $8.87 billion in 2019 to $8.35 billion in 2020 at a compound annual growth rate (CAGR) of -5.83%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $16.08 billion in 2023 at CAGR of 24.39%.
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The wearable medical devices market consists of sales of wearable medical equipment and related services that includes diagnostic devices and therapeutic devices like vital signs, sleep and neuro monitoring devices, electrocardiographs, pain management, respiratory therapeutic devices among others.
Wearable device manufacturers collect and store data to sell them to the customer itself by charging certain amount on monthly basis or periodically as per the requirement or to third-parties at places where this information is not considered as Protected Health Information. There is a higher exposure of sensitive data as the amount of data handled by Medical Internet of Things devices are growing exponentially. The major data privacy concerns arise during the transmission of data to a cloud and during it`s storage.
Wearable Medical Devices Segmentation: -
By Product Type
1. Watch
2. Wristband
3. Clothing
4. Ear Wear
5. Other Devices
By Application
1. Sports And Fitness
2. Remote Patient Monitoring
3. Home Healthcare
4. Ear Wear
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Few Points From Table Of Content
1. Executive Summary
2. Wearable Medical Devices Market Characteristics
3. Wearable Medical Devices Market Size And Growth
4. Wearable Medical Devices Market Segmentation
5. Wearable Medical Devices Market Regional And Country Analysis
......
25. Wearable Medical Devices Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Global Wearable Medical Devices Market Market
27. Wearable Medical Devices Market Trends And Strategies
28. Wearable Medical Devices Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the wearable medical devices market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the wearable medical devices market are Philips; Polar Electro; Omron Corporation; Fitbit Inc.; Garmin Ltd.; LifeWatch AG (BioTelemetry Inc.); Xiaomi Inc.; VitalConnect; Jawbone Inc.; General Electric Co.; Medtronic PLC; ; Sotera Wireless; Basis Science, Inc.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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