Wearable Medical Devices Market: Global Topmost Companies, Covid-19 Impact Analysis, Size, Trends and Upcoming Forecasts

Wearable Medical Devices Market - By Type (Therapeutic Devices & Diagnostic Devices), By Applications, And By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global wearable medical devices market was valued at $5.2 billion in 2017, and it is expected to grow to $13.5 billion by 2022, growing at a compound annual growth rate of 20.9% during the forecast period of 2017 to 2022.

The wearable medical devices market consists of sales of wearable medical devices and related goods by entities (organizations, sole traders and partnerships) that provide wearable medical devices. Wearable medical devices are small electronic products, often consisting of one or more sensors, and having computational capability. They are embedded into items that are attach to the body parts, such as head, feet, arms, wrists and waist.

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Wearable Medical Devices Market Segmentation:-
By Type of Product
1. Consumer Wearables
2. Non-Consumer Wearables

By Type of Device
1. Diagnostic Devices
2. Therapeutic Devices

The market was led by diagnostic devices with more than 60% share during the forecast period, due to the high incidence of chronic diseases as well as increasing demand for health monitoring devices.

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By Geography - The wearable medical devices market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the wearable medical devices market are
1. Koninklijke Philips N.V.
2. Omron Corporation
3. Zephyr Technology Corporation (a part of Medtronic)
4. Fitbit Inc.
5. Johnson and Johnson

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