Wearable and Implantable Medical Devices Market Size Growth Rate by Type 2022 Share, Future Trend, Top Key Players, Growth Factor, Development, Applications and Forecast to 2027 - Philips, Drgerwerk, Medtronic

The Wearable and Implantable Medical Devices Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Wearable and Implantable Medical Devices Market Size is Projected to Reach at a CAGR of 26% during 2022-2027.

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Market Overview:

Patent reforms and patent trolls are major challenges faced by clinical device manufacturers in the US and Europe. Patent trolls are businesses that acquire patents to collect royalties from companies whose products or practices allegedly infringe patents owned by patent assertion entities or non-practising entities (NPEs) patent trolls entered the medical technology industry by filing numerous infringement lawsuits against medical device companies. By taking careful steps to protect mobile medical technology innovations through patents, companies can secure the financial and legal payments of successfully filed patents and minimize potential losses caused by patent trolls. Protecting patients is the key to success in the rapidly evolving clinical-grade wearables market. The wearable healthcare devices market is segmented into trackers, smartwatches, patches and smart clothing based on product. The tracker's segment accounted for the largest share of the wearable healthcare devices market in 2020, mainly due to the increasing penetration of smartphones and the growing number of smartphone-based healthcare devices.

Top Leading Companies:

Philips, Drgerwerk, Medtronic, Johnson & Johnson, Stryker, 3M Healthcare, Allergan, Abbott, Omron, GE Healthcare, EarlySense Inc, Neofect, Hocoma, Interaxon Inc, Alcon Laboratories, Boston Scientific Corporation

Recent Development:

Philips has acquired 36 companies, including 16 in the last 5 years. A total of 13 acquisitions came from private equity firms. It has also divested 13 assets. Philips’ largest acquisition to date was in 2007 when it acquired Respironics for $5.1B. Its largest disclosed sale occurred in 2021 when it sold Koninklijke Philips - Domestic Appliances Business to Hillhouse Capital Management for $3.7B. Philips has acquired in 12 different US states, and 10 countries. The Company’s most targeted sectors include medical products (38%) and electrical equipment (10%). Philips is a diversified health and well-being company with products that include cardiac care, acute care and home healthcare, oral healthcare, and male shaving and grooming. Koninklijke Philips was incorporated in 1891 and is based in Amsterdam, the Netherlands.

Medtronic has acquired 60 companies, including 14 in the last 5 years. A total of 15 acquisitions came from private equity firms. It has also divested 4 assets. Medtronic’s largest acquisition to date was in 2014 when it acquired Covidien for $42.9B. Its largest disclosed sale occurred in 2017 when it sold Medtronic - Patient Care Deep Vein Thrombosis & Nutritional Insufficiency Businesses to Cardinal Health for $6.1B. Medtronic has acquired in 14 different US states, and 8 countries. The Company’s most targeted sectors include medical products (88%) and healthcare services (8%). Medtronic is a global medical technology company whose products aim to alleviate pain, restore health, and extend life. Medtronic serves hospitals, physicians, clinicians, and patients in approximately 160 countries worldwide. Medtronic was founded in 1949 and is based in Dublin, Ireland with its operational headquarters in Fridley, Minnesota.

Wearable and Implantable Medical Devices Market Segmentation by Type:

Wearable Medical Devices
Implantable Medical Devices

Wearable and Implantable Medical Devices Market Segmentation by Application:

Hospitals
Ambulatory Surgery Centers (ASCs)
Clinics

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North America is the largest regional market

The global wearable healthcare devices market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In 2021, North America accounted for the largest share of the global wearable healthcare devices market. The North American wearable healthcare devices market's growth can be attributed to the increasing penetration of smartphones and the growing number of smartphone-based healthcare devices and growing investments, funds, and grants.

Regional Wearable and Implantable Medical Devices Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Wearable and Implantable Medical Devices Market Report:

Detailed overview of Wearable and Implantable Medical Devices Market
Changing the Wearable and Implantable Medical Devices market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Wearable and Implantable Medical Devices market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Wearable and Implantable Medical Devices Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Wearable and Implantable Medical Devices Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Wearable and Implantable Medical Devices industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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