Global Wearable Medical Devices Market is Expected to Grow at 19.6% CAGR in the Forecast Period of 2020 to 2027

Wearable Medical Devices Market is growing with factors such as growing popularity of minimally invasive diagnostic devices across the globe, increased incidence of chronic diseases and technological advancements in wearable medical system. However, the high cost of manufacturing of wearable medical devices along with the limited battery life of wearable devices may obstruct the growth of the market in the given forecast period.

Global Wearable Medical Devices Market Scenario                   

According to Data Bridge Market Research, North America region has the highest market share in global wearable medical devices market. Market leader is Apple Inc. which accounts an estimated market share of approximately 35% to 40%. The company has gained outstanding sale through providing wearable medical devices in this region.

  • In September 2018, Apple Inc., launched Apple Watch Series 4, redesigned and reengineered to help users stay connected, become more active and manage their health in new and powerful ways. This new product launch by Apple Inc. increased its product portfolio in the market. Thereby helps in increased sales in future.

Trends Impacting the Market

Now the question is which other regions Apple Inc., Abbott, Xiaomi are targeting? Data Bridge Market Research has estimated a large growth in North America wearable medical devices market and the market leaders targeting U.S., Canada and Mexico to be their next revenue pockets for 2020.

The wearable medical devices market is becoming more competitive with companies such as Apple Inc., Abbott and Xiaomi as they are the top dominating companies in wearable medical devices having maximum number of products. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the global wearable medical devices market.

For more analysis on the global wearable medical devices market request for a briefing with our analysts.

Global Wearable Medical Devices Market Development

  • In April 2020, Omron Healthcare, Inc. launched its new wireless wearable product named Focus TENS Therapy for Knee in order to alleviate chronic, acute and arthritic knee pain, stiffness and discomfort. This product launch by Omron Healthcare, Inc. increased it product portfolio leading to increased demand and sales in future.

Scope of the Global Wearable Medical Devices Market

Global wearable medical devices market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey and rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines and rest of Asia-Pacific, Brazil, Argentina and rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Egypt and rest of Middle East and Africa

  • All country based analysis of global wearable medical devices market is further analyzed based on further segmentation.
  • Global Wearable medical Devices market, On the basis of type, the market is segmented into diagnostic devices and therapeutic devices. On the basis of site, the market is segmented into headband, handheld, arm & wrist, clip, shoe sensor, others. On the basis of device, the market is segmented into wristwatch/wristband, smart clothing, smartwatch, ear wear, others. On the basis of application, the market is segmented into cardiac health, obesity, diabetes care, fitness monitoring, sleep tracking.

To know more about the study

Key Pointers Covered in Global Micro Invasive Glaucoma Surgery (MIGS) Devices Market Industry Trends and Forecast to 2027

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries

Key Market Competitors Covered in the Report

  • Sotera Wireless, Inc.
  • Bio- Beat
  • Medtronic
  • Abbott
  • Misfit
  • Masimo
  • Guangdong Transtek Medical Eletronics Co., Ltd.
  • Hocoma
  • Withings
  • Xiaomi
  • Fitbit, Inc.
  • Polar Electro
  • Omron Healthcare, Inc.
  • Apple Inc.
  • Garmin Ltd.
  • Activinsights Ltd.
  • Bio Telemetry, Inc.
  • VitalConnect
  • Koninklijke Philips N.V.
  • iRhythm Technologies, Inc.
  • Dexcom, Inc.
  • Huawei Device Co., Ltd.

Above are the key players covered in the report, to know about more and exhaustive list of wearable medical devices companies’, contact us

Research Methodology: Global Wearable Medical Devices Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Cardiologists, Orthopaedics, Rehabilitation Centers, clinicians and technicians, Academic Professionals and Researchers
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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