Europe Middle & Africa Wearable Medical Device Market Growing Demand and Trend by 2023; B. Braun Melsungen AG, Medtronic, Siemens, Stryker and More

The market for wearable medical devices has seen a dramatic rise in recent years owing to factors such as increasing health consciousness among people, and varying consumers’ behavior while purchasing fitness trackers. As a result, medical device manufacturers are currently shifting their focus from fully fixed equipment to portable and wearable devices. Furthermore, innovation and advancements in wearable technology, especially miniaturization of sensor technology, wireless communication technology, and wearable computational technology trigger the development of small, durable, comfortable, safe and low cost wearable medical devices. The miniaturization of wearable devices has also enabled clinical monitoring beyond the hospital area, in the home or during outdoor activities.

Europe, Middle East & Africa Wearable Medical Device Market is expected to reach USD 150 million by 2023 at a CAGR of 9.2% during the forecast period 2017-2023.

Taste the market data and market information presented through more than 22 market data tables and figures spread over 80 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Wearable Medical Device Market Research Report –Europe, Middle East & Africa Forecast till 2023.”

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Europe, Middle East & Africa Wearable Medical Device Market Players:

Key players in wearable medical device market are

Abbott (U.S.),
Baxter (U.S.),
Braun Melsungen AG (Germany),
Becton Dickinson Company (U.S.),
Boston Scientific (U.S.),
Cardinal Health (U.S.),
General Electric Company (U.S.),
Johnson & Johnson (U.S.),
Medtronic (U.S.),
Koninklijke Philips N.V. (Netherland),
Siemens (U.S.),
Stryker (U.S.)

Regional Analysis

Europe, Middle East & Africa region is divided into countries namely Europe, Middle East & Africa. Europe accounts for the largest market share owing to the demand for technological innovation in medical devices and availability of funds for research and development. Germany is the largest market for wearable devices in the Europe owing to the presence of key market players and overall growth of healthcare industry.

The Middle East region also shows a growth in the wearable devices market owing to the strengthening healthcare system, and demand for technology in healthcare here. In the Middle, lack of physical exercise, lifestyle changes and rising prevalence of chronic diseases are factors driving the growth of this market.

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Africa show steady growth in the market due to low technology penetration and steady growth of medical services in this region.

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