The research also revealed that the global Wearable Medical Devices Market size is expected to grow at a CAGR of 25.6 % during the forecast period (2021-2028).
The Global Wearable Medical Devices Market was valued at USD xx million in 2020.
The research at DMI yielded diverse opinions about the market with the global Wearable Medical Devices market forecast valuation pegged at USD xx million by 2028.
The market is driven by several factors such as increasing interest in new technological smart devices, ease of use of medical devices, raising awareness towards healthy lifestyle and prevention from diseases.
However, the high cost of devices is a constraint to the growth of wearable medical devices market.
Market Segmentation
The Global wearable medical devices market is segmented by diagnostic wearable devices into Wearable Vital Signs Monitors (Wearable Heart Rate Monitors, Wearable Activity Monitors, Wearable Electrocardiographs, Others), Wearable Fetal Monitors and Obstetric Devices and Neuro-monitoring Devices (Electroencephalographs, Electromyography).
Based on therapeutic wearable devices, the market is segmented into Wearable Pain Management Medical Devices, Glucose/Insulin Monitoring Devices, and Wearable Respiratory Therapy Devices.
The wearable medical device market is further classified based on applications into Sports and Fitness, Remote Patient Monitoring and Home Healthcare.
The report segments the geographies by regions, which include North America, South America, Europe, Asia Pacific, and RoW.
North America dominates the global wearable medical devices market. The US is expected to account for a more significant part of the North American wearable medical devices market share.
Some of the driving factors such as increasing demand for high quality advanced diagnostic and therapeutic equipment, increasing aging populathe tion, growing prevalence of various diseases, and, development of highly innovative and interconnected healthcare apps and advanced compatible devices.
Features of this report
The report covers the factors impacting the market, Porter 5 Forces, Market Share Analysis, Price trend analysis, Product Benchmarking, and company profiles.
The major companies in the Wearable Medical Devices market include Apple, Inc., Fitbit, Inc., Garmin Ltd., Intel Corporation, Koninklijke Philips N.V., Lifesense Group B.V., Medtronic Plc, Samsung Electronics Co., Ltd., and Xiaomi Technology Co., Ltd. This report gives a profile of the companies as mentioned earlier.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
