Wearable Medical Devices Market 2022 Analysis by Global Manufacturers - Abbott Laboratories, Apple Inc., Dexcom Inc., Fitbit Inc. (Google LLC), Garmin Ltd.

The Wearable Medical Devices Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global wearable medical devices market reached a value of US$ 18.96 Billion in 2021. Looking forward, expects the market to reach US$ 60.55 Billion by 2027, exhibiting a CAGR of 22.2% during 2022-2027.

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Top Leading Companies of Wearable Medical Devices Market are Abbott Laboratories, Apple Inc., Dexcom Inc., Fitbit Inc. (Google LLC), Garmin Ltd., Honeywell International Inc., Koninklijke Philips N.V., Medtronic Plc, Omron Corporation and Vital Connect Inc. and others.

Market Overview

Wearable medical devices refer to various instruments that are non-invasively attached to the body for monitoring the patient's health. It includes multiple diagnostic devices, such as vital signs, glucose, sleep, fetal, obstetric and neuromonitoring devices, along with numerous therapeutic devices for pain management, rehabilitation and respiratory therapy. These devices consist of biosensors, controllers, power source and software systems for data acquisition, interpretation, transfer and storage. They can be worn as an accessory, incorporated in clothing or used as an implant. They are used regularly for accurate measurement of the patient's vital stats and predicting epileptic seizures and heart problems, which can further aid in enhancing comfort and providing timely clinical interventions to the patient.

Recent Developments:

In June 2020, Koninklijke Philips N.V. (Netherlands) Launched fetal and maternal pods and patches for continuous, non-invasive monitoring of maternal heart rate, fetal heart rate, and uterine activity with a single-use, 48-hour, disposable electrode patch.

In March 2020, Fitbit, Inc. (US) partnered with FibriCheck to deliver a CE-marked Heart Health Detection App to Fitbit smartwatch users in Europe.

Market Segmentation

Breakup by Device Type:

Diagnostic Devices

Vital Sign Monitoring

Sleep Monitoring

Electrocardiographs and Obstetric Devices

Neuromonitoring Devices

Therapeutic Devices

Pain Management Devices

Insulin Delivery Devices

Rehabilitation Devices

Respiratory Therapy Devices

Breakup by Application:

Sports and Fitness

Remote Patient Monitoring

Home Healthcare

Regional Outlook of Wearable Medical Devices Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Wearable Medical Devices Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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