(PharmaNewsWire.Com, April 13, 2017 ) As per the syndicated report published by Market Data Forecast Europe Wearable Medical Devices Market which is estimated to be USD 1.64 billion in 2016 is poised to reach USD 4.03 million by 2021, at a CAGR of 19.7% from 2016 to 2021. It can be attributed to the factors such as large user base and evident adoption of mobile products, rising incidences of chronic diseases among demographics, recent advancements leading to easy and wide usage of medical devices. However certain challenges like high cost, privacy concerns with sensitive patient information as well as the peoples need for miniaturized device with long lasting power, have been holding back the market.
Wearable medical devices can be defined as the devices that are capable of detecting and monitoring changes in body signatures such as glucose levels, heart diseases, insulin levels, blood pressure ingestion, brain activity, pain relief, hydration, sleep, temperature etc., with the help of built in sensors.
Wearable medical devices feature real time feedback, wireless data transmission, alerting mechanism and have timely and easy sensing abilities. The data captured by these medical devices is then analysed and further used by the customer for the purpose of better health management.
Europe Wearable Medical Devices Market is segmented based on type and application as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Based on Type: Diagnostic Wearable Devices Wearable Electro Cardiographs Wearable Sleep Monitoring Devices Heart Rate Monitors Blood Pressure Monitors Activity Monitors Electro Encephalographs Therapeutic Wearable Devices Pain Management Devices Glucose/Insulin Monitoring Devices Respiratory Therapy Devices Based on Application: Sports and Fitness Home Healthcare Patient Monitoring
Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe). As per the study France is poised to hold the major market share while Germany is the fastest growing market in this region.
Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories and Nuubo are the major players operating in the Europe Wearable Medical Devices Market. According to recent reports Fitbit experienced a downfall in its sales over the last quarter of the last year losing 15% of its market cap, thus creating opportunities for its competitors to act on the situation.
The Wearable Medical Devices market study offers the following deliverables:
Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porters Five Forces Analyses Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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