Wearable Medical Devices Market to Witness Huge Growth in 2025 | Key Player Analysis: Xiaomi Technology Co., Ltd, Samsung Electronics Co., Ltd., Fitbit, Inc., Garmin Corporation, Apple Inc., HUAWEI Technologies Co., Polar Electro

The global wearable medical devices market is expected to reach US$ 23,310.9 Mn in 2025 from US$ 6,231.7 Mn in 2017. The market is estimated to grow with a CAGR of 18.1% from 2018-2025.

Wearable medical devices market is segmented into device type and application. On the basis of device type, the market is segmented into diagnostic & monitoring devices and therapeutic devices. The diagnostic & monitoring devices segment is further classified as, vital signs monitoring devices, glucose monitoring devices, sleep monitoring devices, and other devices. The segment of therapeutic devices is further segmented as, pain management devices, rehabilitation devices, respiratory therapy devices, and insulin pumps. The market based on the application is segmented as remote patient monitoring, sports & fitness and home healthcare.

 

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Some of the prominent players operating in wearable medical devices market are Xiaomi Technology Co., Ltd, Samsung Electronics Co., Ltd., Fitbit, Inc., Garmin Corporation, Apple Inc., HUAWEI Technologies Co., Polar Electro, Omron Corporation, Activinsights Ltd., and VitalConnect.

Wearable medical devices are electronic in nature and are equipped with sensors that help in monitoring as well as keeping track of a patient’s health. Some of the uses of these devices include, activity tracking, infant monitoring and vital signs monitoring among others. Wearable devices help a patient to have access to his own health records while performing the daily routine activities or tasks. Key factors driving the market are increasing prevalence of chronic diseases, rising geriatric population and rising awareness regarding importance of fitness are key drivers for the growth of the market. The report would be of an interest to various stakeholders operating in the wearable medical devices market. These stakeholders include healthcare institutes, research institutes, wearable medical devices product manufacturers and vendors, research consulting firms, wearable medical devices service providers, distributors and others.

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The objective of the study is to describe, define, and forecast the wearable medical devices market by product class and application, and region. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall wearable medical devices market.

TABLE OF CONTENTS

1. INTRODUCTION 23
1.1 SCOPE OF THE STUDY 23
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 23

2. GLOBAL WEARABLE MEDICAL DEVICES MARKET – KEY TAKEAWAYS 24

3. GLOBAL WEARABLE MEDICAL DEVICES MARKET – MARKET LANDSCAPE 26
3.1 OVERVIEW 26
3.2 MARKET SEGMENTATION 26
3.2.1 Global Wearable Medical Devices Market – By Device Type 27
3.2.2 Global Wearable Medical Devices Market – Application 28
3.2.3 Global Wearable Medical Devices Market – By Geography 28
3.3 PEST ANALYSIS 29
3.3.1 North America – PEST Analysis 29
3.3.2 Europe– PEST Analysis 31
3.3.3 Asia Pacific– PEST Analysis 33
3.3.4 Middle East And Africa– PEST Analysis 35
3.3.5 South and Central America – PEST Analysis 37

The report analyzes factors affecting market from both demand and supply side and further evaluates wearable medical devices market dynamics effecting the wearable medical devices market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key manufacturing companies along with their SWOT analysis and market strategies.

The company players are indulged into development of novel and innovative products to cater the demands of users in the wearable medical devices market. For instance, in October 2018, Huawei Consumer Business Group (BG) launched two new wearables, HUAWEI WATCH GT and HUAWEI Band 3 Pro. The new wearables offer novel and sophisticated ways for consumers to track their activities and receive fitness coaching, based on scientific research.

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Posted by on Friday December 07 2018, 4:54 PM EST. All trademarks acknowledged. Filed under Business & Financial Services, Business Services, Featured Press Release, Healthcare, Medical Devices, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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