Press release
Can AI technology Help Smart Wearable Healthcare Equipment Market? Know about Key Players: AT&T, Apple, Google, Sprint, Samsung Electronics, Telefonica
Overview:Wearable in healthcare includes electronic devices that consumers can wear, such as smartwatches and Fitbits. These devices are designed to collect the data of users' personal health and exercise. These devices include wearable fitness trackers, smart health watches, wearable ECG monitors, wearable blood pressure monitors, and biosensors. The global smart wearable healthcare equipment market was valued at US$ 18.0 billion in 2020 and is expected to reach US$ 46.2 billion by 2025. In terms of geography, the global smart wearable healthcare equipment market is divided into six regions, such as North America, Europe, Asia Pacific, Middle East, Africa, and South America.
Drivers:
Increasing healthcare awareness, growing advancement in IT, the advent of 5G and AI, increasing use of smart mobiles, rising internet penetration, and easy synchronization with smartphones and tablets aids the global smart wearable healthcare equipment market growth. Moreover, the cheap costs of wearable devices, rising self-monitoring trends, and real-time fitness tracking features are responsible to aid the global smart wearable healthcare equipment market growth. For instance, in November 2018, Interaxon released the newest version of the Muse, a wearable brain-sensing headband that measures brain activity.
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Restraints:
Issues related to data security, the cost-intensive nature of wearable devices, and the battery life of the device might hamper the growth of the global smart wearable healthcare equipment market.
Regional Insights:
Asia Pacific is expected to emerge in the global smart wearable healthcare equipment market due to the presence of major key players, rising economic conditions, technological acceptance, increasing awareness, rise & awareness in physical activities, and rising R&D investments.
North America is also expected to rise in the global smart wearable healthcare equipment market due to technology acceptance, economically developed conditions, and the increasing prevalence of chronic diseases. For instance, in March 2020, Sotera Wireless awarded a Breakthrough Technology group purchasing agreement with Premier Inc. in the Physiological Monitoring System Category. Moreover, this agreement plans Premier to purchase Sotera’s ViSi, the ViSi Mobile 1.5G is an all-in-one multi-parameter surveillance system for comprehensive non-invasive continuous vital signs monitoring which offers many features including its proprietary non-invasive blood pressure, Life-Threatening Arrhythmia and Atrial-Fibrillation (LTAA), and others that enable clinicians to access vital patient parameters for early intervention and response.
Competitive Section:
Major players operating in the global smart wearable healthcare equipment market are AT&T, Apple, Google, Sprint, Samsung Electronics, Telefonica, Vendors to Watch Out, T-Mobile US, Cyberdyne, Interaxon, IHealth Labs, IRhythm Technologies, Proteus Digital Health, Lark, Sotera Wireless, Emerging Vendors, Withings, Biosensics, Epson America, Cambridge Temperature Concepts, Evena Medical, Qardio, and Orpyx Medical Technologies.
In December 2018, Omron Healthcare launched a wearable blood pressure monitor, HeartGuide, after FDA clearance.
In April 2018, Fitbit and Google collaborated to accelerate innovations in digital healthcare and wearable.
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The Global Smart Wearable Healthcare Equipment market research report comprises the description of all major aspects concerning the Smart Wearable Healthcare Equipment market. It provides helpful information that focuses on the key aspects and features linked to the market current and forecast growth trends, and clarify it with the help of appropriate statistics. The global market research report also includes in-depth information regarding the leading market. Competing with one another as well as developing industries in terms of value, the volume of sales, demand, and quality of products and services.
The report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the Smart Wearable Healthcare Equipment industry. Growth of the overall Smart Wearable Healthcare Equipment market has also been forecasted for the period 2020-2025, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.
Impact of COVID-19:
Smart Wearable Healthcare Equipment Market report analyses the impact of Coronavirus (COVID-19) on the Smart Wearable Healthcare Equipment industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Smart Wearable Healthcare Equipment market in 2020.
COVID-19 can affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.
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Industrial Analysis of Smart Wearable Healthcare Equipment Market:
Key Questions Answered in the Report:
What are the size of the overall Smart Wearable Healthcare Equipment market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities, and challenges of the Smart Wearable Healthcare Equipment market, and how they are expected to impact the market?
What are the attractive investment opportunities within the Market?
What is the Smart Wearable Healthcare Equipment market size at the regional and country-level?
Who are the key market players and their key competitors?
Market value- chain and key trends impacting every node with reference to companies
What are the strategies for growth adopted by the key players in Smart Wearable Healthcare Equipment market?
How does a particular company rank against its competitors with respect to revenue, profit comparison, operational efficiency, cost competitiveness, and market capitalization?
How financially strong are the key players in Smart Wearable Healthcare Equipment market (revenue and profit margin, market capitalization, expenditure analysis, investment analysis)?
What are the recent trends in Smart Wearable Healthcare Equipment market? (M&A, partnerships, new product developments, expansions)
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