Wearable Medical Devices market to see 18.1 % CAGR to 2025

The proposed Wearable Medical Devices market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.

The wearable medical devices market is projected to reach US$ 23,310.9 million by 2025 from US$ 6,231.7 million in 2017; it is expected to register a CAGR of 18.1% from 2018 to 2025.

Wearable medical devices are electronic and have sensors that help in monitoring as well as keeping track of a patient's health. Some of the uses of these devices include activity tracking, infant monitoring, and vital signs monitoring, among others. Wearable devices help a patient to have access to their health records while performing daily routine activities or tasks. Other than the tracking of a patient's condition, some devices also come along with therapeutic properties, such as insulin pumps, rehabilitation as well as pain management devices.

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Furthermore, the Wearable Medical Devices market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.

The structure of the Wearable Medical Devices market report can be categorized into following sections:        

Section 1: scope of the report & research methodology

Section 2: key takeaways                                                                   

Section 3: market variables & their impact on growth and analytical tools providing high level insights into the market dynamics and growth pattern

Section 4: market estimates and forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2021 to 2025). Regional and country level estimates and forecasts for each category which are summed up to form the global market.

Section 5: competitive landscape. Attributes such as strategy framework, competitor categorization are included to provide elaborate details on the market structure & strategic undertakings as well as their impact.

Device Type -Based Insights

The device type segment includes diagnostic & monitoring devices, and therapeutic devices. In 2017, diagnostic & monitoring devices held the largest market share. The diagnostic & monitoring devices further sub-segmented into vital signs monitoring devices, glucose monitoring devices, sleep monitoring devices, and other devices. The therapeutic devices segment includes pain management devices, rehabilitation devices, respiratory therapy devices, and insulin pumps. An increase in the need for monitoring vital signs such as heart rates, blood pressure, etc. has been increased due to the growth of cases of chronic diseases such as diabetes and hypertension. The segment is anticipated to grow with a CAGR of 18.6% during the forecast period.

Application-Based Insights

By application, the wearable medical devices market is segmented into remote patient monitoring, sports & fitness, and home healthcare. Sports & fitness segment is anticipated to grow at a CAGR of 18.3% during the forecast period. In recent days, there has been an increase in awareness regarding fitness among the young population. Additionally, wearables help in tracking one's daily activity, which can be useful for analyzing an athlete's eligibility and stamina regularly. These factors are expected to fuel the growth of the segment during the forecast period.

The prominent/emerging players in the Wearable Medical Devices market research include:

Xiaomi Technology Co., Ltd
Samsung Electronics Co. Ltd.
Fitbit, Inc.
Garmin Corporation
Apple Inc.
Huawei Technologies Co., Ltd.
Polar Electro
OMRON Corporation
Activinsights Ltd.

The Wearable Medical Devices market company profiles are individually represented for all major participants and indices such as financial performance, strategic initiatives, product portfolio & company overview.

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Company overview:

Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Financial performance:

Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title "financial performance" (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (sbus) and others.

Product benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.

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The Wearable Medical Devices market research study is designed keeping in focus all the major countries. Although, all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

                                                                                                                

                                                                                                       

                                                                                                                   

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The insight partners is a one stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialist in industries such as semiconductor and electronics, aerospace and defense, automotive and transportation, Wearable Medical Devices, healthcare it, manufacturing and construction, medical device, technology, media and telecommunications, chemicals and materials.

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This release was published on openPR.