iCrowdNewswire Feb 3, 2021 8:00 AM ET
The research report on the Global Wearable Healthcare/Medical Devices Market presents a comprehensive assessment of the market, including future trends, current factors driving the growth of the market, and validated market data. The report is updated with the current economic scenario and business landscape owing to the COVID-19 pandemic. The subsequent economic slowdown and social restrictions have impacted the key segments of the markets. The report provides an extensive analysis of the impact of COVID-19 on the current market scenario and key insights into the future outlook of the market growth.
The Wearable Healthcare/Medical Devices market is projected to grow at a CAGR of 18.5% through the forecast period to reach USD 32.57 billion by 2027 from USD 8.30 billion in 2019. Increased adoption of smartphone based application for healthcare monitoring by individuals as well as healthcare providers is the key factor driving demand. Increasing incidence of diseases associated with heart, diabetes, obesity and hypertension is likely to increase the adoption of wearable in the coming years.
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To gain a deeper understanding of the Wearable Healthcare/Medical Devices market, the report further provides an exhaustive analysis of the competitive landscape, including profiling of the competitors, revenue, % revenue market share, and technological and product advancements. The report also explores the new entrants, strategic alliances and collaborations, mergers, acquisitions, partnerships, agreements, and deals of the established companies. The report also sheds light on the government policies and their amendments related to the Wearable Healthcare/Medical Devices market.
Key Manufacturers of the Wearable Healthcare/Medical Devices Market Studied in the Report are:
Fitbit, Philips, Garmin, Lifewatch, Medtronic, NeuroMetrix, Qardio and Omron. Fitbit is a key player in the wearable healthcare/medical devices The company offers a wide range of health wearables for heart rate monitoring, sleep tracking and step tracking. The company has manufacturing facilities located across the U.S., Europe, Asia Pacific and Middle East and Africa. As of 2017, the company sold around 15.34 million wearable devices.
Furthermore, the report focuses on the segmentation of the global Wearable Healthcare/Medical Devices market based on types and applications.
Wearable Healthcare/Medical Devices Market Segmentation based on Product Types:
- Wearable Patches
- Wrist Devices
- Heart Straps
- Posture Monitors
- Movement Sensors
Wearable Healthcare/Medical Devices Market Segmentation based on Applications:
- Sports & Fitness
- Remote Patient Monitoring
- Home Healthcare
- Emergency Medical Care
Regional Analysis of the Wearable Healthcare/Medical Devices Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Highlights of the TOC:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
3.1. Macro Indicators
3.1.1. Increasing incidence of chronic diseases
3.1.2. Rising prevalence of heart-related diseases
3.1.3. Growing global healthcare expenditure
Chapter 4. Wearable Healthcare/Medical Devices Market Segmentation & Impact Analysis
4.1. Wearable Healthcare/Medical Devices Segmentation Analysis
4.2. Regulatory Framework
4.3. Technological Insights
4.4. Wearable Healthcare/Medical Devices Market Impact Analysis
4.4.1. Market driver analysis
220.127.116.11. Technological advancement in wearable devices
18.104.22.168. Growing preference for wireless connectivity among healthcare providers
4.4.2. Market restraint analysis
22.214.171.124. High cost of wearable devices
4.5. Key opportunities prioritized
4.6. Wearable Healthcare/Medical Devices Competitive scenario, 2017
The report analyses entry barriers for new entrants of the market and provides strategic recommendations to help enable the decision making process for efficient business decisions. The report aims to provide beneficial information to the new entrants as well as major players to assist them in gaining a robust footing in the market.
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The report also covers a thorough SWOT analysis and Porter’s Five Forces analysis to provide a better understanding of the growth curve of the key competitors of the market. It also covers feasibility analysis and investment return analysis to ascertain the stakeholders and investors gain maximum returns on their investments. In conclusion, the global Wearable Healthcare/Medical Devices report is a qualitative and quantitative research document that offers vital insights into the Wearable Healthcare/Medical Devices market that help businesses and investors gain a competitive edge over the other competitors.
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