Wearable Medical Devices MarketMedical ClinicUpdated on Jul 29, 2019 View more like this | Visit ANCHORAGE, AK | Contact Market Data Forecast |
Market Overview:
Wearable Medical Devices Market Size was worth USD 6414.43 Million in 2018 and estimated to be growing at a CAGR of 20.40%, to reach USD 16228.95 Million by 2023. Wearable medical devices feature wireless data transmission, real-time feedback, alerting mechanism and have easy and timely sensing abilities. The data generated by wearable medical devices is further analyzed and is used by customers for a better health management. Wearable medical devices are of several types like to detect glucose, diabetes, blood sugar, heart diseases, blood pressure ingestion, pain relief, brain activity, hydration, temperature, sleep etc.
Market Drivers and Restraints:
An enormous number of ongoing developments and innovations in the healthcare and electronics sector, rising spending capabilities and the ease of use of medical devices the rising incidences of chronic diseases amongst all demographics, all these factors have led to the increased adoption of the technology, in turn, increasing the growth. Wearable medical devices are facing challenges mainly in allocating cost-effective monitoring to patients suffering from chronic diseases such as Cancer and other blood diseases. Lack of awareness in the developing countries like Brazil, India, Mexico, and others is leading to the slower adoption of technology. These factors may act as growth hurdles for the wearable technology is certain regions. Further, the privacy concerns concerning transmitting sensitive patient information and the need for miniaturized devices with long battery life are few challenges faced by the industry in the current scenario.
To know more, click on the link below:
https://www.marketdataforecast.com/market-reports/wearable-medical-devices-market
Report segmented as
By Diagnostic Wearable Devices:
Wearable Electro-Cardiographs
Wearable Sleep Monitoring devices
Heart Rate Monitors
Blood Pressure Monitors
Activity Monitors
Electro Encephalogram
By Therapeutic Wearable Devices:
Pain Management Devices
Glucose/Insulin Monitoring Devices
Respiratory Therapy Devices
By Application:
Sports and Fitness
Home Healthcare
Patient Monitoring
Geographical Analysis:
On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The wearable medical devices market was dominated by North America, with the overall market share of over 40% globally. North America was followed by Europe and Asia-Pacific. The Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Important Market Players:
Some of the major companies dominating the market, by their products and services include Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories and Nuubo.
View a sample and decide @ https://www.marketdataforecast.com/market-reports/wearable-medical-devices-market/request-sample
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: [email protected]
Tel: +1-888-702-9626
Website: https://www.marketdataforecast.com/
Wearable Medical Devices Market Size was worth USD 6414.43 Million in 2018 and estimated to be growing at a CAGR of 20.40%, to reach USD 16228.95 Million by 2023. Wearable medical devices feature wireless data transmission, real-time feedback, alerting mechanism and have easy and timely sensing abilities. The data generated by wearable medical devices is further analyzed and is used by customers for a better health management. Wearable medical devices are of several types like to detect glucose, diabetes, blood sugar, heart diseases, blood pressure ingestion, pain relief, brain activity, hydration, temperature, sleep etc.
Market Drivers and Restraints:
An enormous number of ongoing developments and innovations in the healthcare and electronics sector, rising spending capabilities and the ease of use of medical devices the rising incidences of chronic diseases amongst all demographics, all these factors have led to the increased adoption of the technology, in turn, increasing the growth. Wearable medical devices are facing challenges mainly in allocating cost-effective monitoring to patients suffering from chronic diseases such as Cancer and other blood diseases. Lack of awareness in the developing countries like Brazil, India, Mexico, and others is leading to the slower adoption of technology. These factors may act as growth hurdles for the wearable technology is certain regions. Further, the privacy concerns concerning transmitting sensitive patient information and the need for miniaturized devices with long battery life are few challenges faced by the industry in the current scenario.
To know more, click on the link below:
https://www.marketdataforecast.com/market-reports/wearable-medical-devices-market
Report segmented as
By Diagnostic Wearable Devices:
Wearable Electro-Cardiographs
Wearable Sleep Monitoring devices
Heart Rate Monitors
Blood Pressure Monitors
Activity Monitors
Electro Encephalogram
By Therapeutic Wearable Devices:
Pain Management Devices
Glucose/Insulin Monitoring Devices
Respiratory Therapy Devices
By Application:
Sports and Fitness
Home Healthcare
Patient Monitoring
Geographical Analysis:
On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The wearable medical devices market was dominated by North America, with the overall market share of over 40% globally. North America was followed by Europe and Asia-Pacific. The Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Important Market Players:
Some of the major companies dominating the market, by their products and services include Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories and Nuubo.
View a sample and decide @ https://www.marketdataforecast.com/market-reports/wearable-medical-devices-market/request-sample
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: [email protected]
Tel: +1-888-702-9626
Website: https://www.marketdataforecast.com/
