At A CAGR Of 9.46% Global Wearable Medical Devices Market To Grow During The Period 2017-2021 | Fitbit, Garmin, OMRON, Philips Healthcare, Sonova

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Wearable medical devices are autonomous, non-invasive (NI) devices with sensors, which are worn by people. They detect and monitor changes in the body signatures of various areas and organs. Wearable medical devices include diagnostic wearable medical devices and therapeutic wearable medical devices. Diagnostic wearable devices include pulse oximeters, glucose monitoring devices, blood pressure (BP) monitors, wearable patches, and activity trackers.

Technavios analysts forecast the global wearable medical devices market to grow at a CAGR of 9.46% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global wearable medical devices market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global Wearable Medical Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Fitbit
Garmin
OMRON
Philips Healthcare
Sonova

Other prominent vendors
GN Store Nord
Jawbone
LifeWatch
Nokia
Polar Electro
Starkey Hearing Technologies
Tandem Diabetes Care

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Market driver
Increasing prevalence of chronic diseases
For a full, detailed list, view our report

Market challenge
High cost of devices
For a full, detailed list, view our report

Market trend
Emergence of innovative wearable medical devices
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

Global Wearable Medical Devices Market Is Expected To Reach About US$10 bn In 2023

Researchmoz added Most up-to-date research on "Wearable Medical Devices Market (By Type of Device: Diagnostic and Therapeutic; By Application: Sports and Fitness, Remote Patient Monitoring and Home Health Care): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023" to its huge collection of research reports.

The last decade has witnessed growing interest in wearable medical devices. Currently technology is combined with medicine and frequently explains how patients are diagnosed and treated. The medical devices are leader of numerous success stories. Wearable medical devices that monitor, control, track, and treat patient conditions are increasingly replacing larger equipment. Wearable medical devices are connected to a patient’s body and measure clinically appropriate information. These devices resemble eyeglasses, watch, clothing, jewelry, contact lenses, etc. Data collected from wearable medical devices can be as simple as number of steps taken in a day to complex data such as ECG measurement. This report on the global wearable medical devices market studies the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments. This section also provides the overall information and data analysis of the global wearable medical devices market with respect to the leading market segments based on type of device, application, and geography.

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The market overview section of the report includes qualitative analysis of the overall wearable medical devices market including the factors determining the market dynamics such as drivers, restraints and opportunities, along with Porter’s Five Forces Analysis, list of FDA-approved wearable medical devices and value chain analysis. In addition, various analyses such as market attractiveness analysis by type of device and competitive landscape by key players have been provided. The market attractiveness analysis explains the intensity of competition in the market in different types of devices. The competitive scenario between market players is evaluated through market share analysis. These factors would help market players to take strategic decisions in order to strengthen their positions and expand their share in the global market.

The global wearable medical devices market has been segmented based on type of device, application, and geography. Based on type of device, the wearable medical devices market has been categorized into two major segments: diagnostic and therapeutic. Diagnostic devices have been further classified into heart rate monitors, activity monitors, sleep monitor, electrocardiograph, fetal monitor and obstetric devices, and neuromonitoring devices. Therapeutic devices have been classified into vital sign monitors, pain management devices, glucose insulin monitoring devices, and respiratory therapy devices. Based on application, the global wearable medical devices market has been segmented into three types: sports and fitness, remote patient monitoring, and home health care. Market revenue in terms of US$ Mn for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 are provided for all the segments, considering 2014 as the base year.

Geographically, the wearable medical devices market has been categorized into four regions: North America, Europe, Asia Pacific, and Rest of World (RoW). North America comprises the U.S. and Canada. Europe comprises Germany, the U.K., and Rest of Europe. Asia-Pacific comprises China, Japan, and Rest of Asia-Pacific. Rest of World comprises of Latin America, the Middle East, and Africa. The recommendations section included in the report would assist existing players to expand their market share and new companies to establish their presence in the wearable medical devices market. The report also profiles major players in the wearable medical devices market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Major players profiled in this report include Cleveland Medical Devices, Inc., Corventis, Inc. (Medtronic plc.), Fitbit, Inc., Intelesens Ltd., Koninklijke Philips N.V., LifeWatch AG, Nuubo, OMRON Corporation, Polar Electro, and Zephyr Performance Systems (Medtronic plc.).

The global wearable medical devices market has been segmented as follows:

Global Wearable Medical Devices Market, by Diagnostic Device
- Wearable Vital Sign Monitors
- Wearable Heart Rate Monitor
- Wearable Activity Monitor
- Wearable Sleep Monitor
- Wearable Electrocardiographs
- Others
- Wearable Fetal Monitors and Obstetric Devices
- Wearable Neuromonitoring Devices
- Electroencephalograph
- Electromyograph

Global Wearable Medical Devices Market, by Therapeutic Device

- Wearable Pain Management Devices
- Wearable Glucose/Insulin Monitoring Devices
- Wearable Respiratory Therapy Devices

Global Wearable Medical Devices Market, by Application

- Sports and Fitness
- Remote Patient Monitoring
- Home Health Care

Global Wearable Medical Devices Market, by Geography

- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Rest of the Europe
- Asia Pacific (APAC)
- China
- Japan
- Rest of the APAC
- Rest of World
- Middle East
- Africa
- Latin America

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