Wearable Medical Devices Market, By Product Type (Wearable Therapeutic Medical Device (Hearing Aids, Insulin Pump, Respiratory Therapy Devices (Sleep Apnea Devices, Non-invasive Ventilation Device)), Wearable Monitoring and Diagnostic Device (Fetal and Obstetric Devices, Continuous Glucose Monitoring Devices, Cardiac Monitoring Devices (Wearable Heart Rate Monitors, Wearable Pulse Oximeters, Wearable Blood Pressure Monitors)), Health and Fitness Devices), By Application (Patient Monitoring, Health & Fitness, Home Healthcare), By End User (Clinics, Hospital Pharmacies, Online Channels, Hypermarkets, Individuals), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
Wearable medical devices consist of sensors attached to the body, which detects and monitor changes in different parts of body and organ. Increase in awareness and health facilities and advancement in technology and innovation in the devices, are some of the factors propelling the wearable medical devices market growth. Smart watch, wristband, and smartphones are some of the wearable medical devices which are targeted by the companies. This is owing to factors such as their high demand and user friendly approach, and it also reduces hospital based expenditure. In near future technology is expected to play a major role in healthcare services. These devices help pharmaceutical companies in conducting valuable clinical trials. Wearable medical devices are available in wide range having different functions such as alerting mechanism, real-time feedback, and wireless data transmission.
Restraints of the Global Wearable Medical Devices Market
Major factors hampering the growth of the wearable medical devices market during the forecast period constitutes of inaccuracy of wearable devices, and high costs.
Key features of the study:
- This report provides in-depth analysis of the global wearable medical devices market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019, as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global wearable medical devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
- Key companies covered as a part of this study include Current Health, Sorrel Medical, Willow, Aeroflow Breastpumps, Medtronic plc, Hoffmann-La Roche Ltd., Koninklijke Philips N.V., Smiths Medical, Johnson and Johnson, OMRON Corporation, Siemens AG, Fitbit Inc., Sonova, and Panasonic Corporation.
- Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
- The global wearable medical devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.
>Detailed Segmentation
- Global Wearable Medical Devices Market, By Product Type:
- Wearable Therapeutic Medical Device
- Hearing Aids
- Insulin Pump
- Respiratory Therapy Devices
- Sleep Apnea Devices
- Non-invasive Ventilation Device
- Wearable Monitoring and Diagnostic Device
- Fetal and Obstetric Devices
- Continuous Glucose Monitoring Devices
- Cardiac Monitoring Devices
- Wearable Heart Rate Monitors
- Wearable Pulse Oximeters
- Wearable Blood Pressure Monitors
- Health and Fitness Devices
- Global Wearable Medical Devices Market, By Application:
- Patient Monitoring
- Health & Fitness
- Home Healthcare
- Global Wearable Medical Devices Market, By End User:
- Clinics
- Hospital Pharmacies
- Online Channels
- Hypermarkets
- Individuals
- Global Wearable Medical Devices Market, By Geography:
- North America
- By Product Type
- Wearable Therapeutic Medical Device
- Hearing Aids
- Insulin Pump
- Respiratory Therapy Devices
- Sleep Apnea Devices
- Non-invasive Ventilation Device
- Wearable Monitoring and Diagnostic Device
- Fetal and Obstetric Devices
- Continuous Glucose Monitoring Devices
- Cardiac Monitoring Devices
- Wearable Heart Rate Monitors
- Wearable Pulse Oximeters
- Wearable Blood Pressure Monitors
- Health and Fitness Devices
- By Application
- Patient Monitoring
- Health & Fitness
- Home Healthcare
- By End User
- Clinics
- Hospital Pharmacies
- Online Channels
- Hypermarkets
- Individuals
- By Country:
- U.S.
- Canada
- Europe
- By Product Type
- Wearable Therapeutic Medical Device
- Hearing Aids
- Insulin Pump
- Respiratory Therapy Devices
- Sleep Apnea Devices
- Non-invasive Ventilation Device
- Wearable Monitoring and Diagnostic Device
- Fetal and Obstetric Devices
- Continuous Glucose Monitoring Devices
- Cardiac Monitoring Devices
- Wearable Heart Rate Monitors
- Wearable Pulse Oximeters
- Wearable Blood Pressure Monitors
- Health and Fitness Devices
- By Application
- Patient Monitoring
- Health & Fitness
- Home Healthcare
- By End User
- Clinics
- Hospital Pharmacies
- Online Channels
- Hypermarkets
- Individuals
- By Country:
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Product Type
- Wearable Therapeutic Medical Device
- Hearing Aids
- Insulin Pump
- Respiratory Therapy Devices
- Sleep Apnea Devices
- Non-invasive Ventilation Device
- Wearable Monitoring and Diagnostic Device
- Fetal and Obstetric Devices
- Continuous Glucose Monitoring Devices
- Cardiac Monitoring Devices
- Wearable Heart Rate Monitors
- Wearable Pulse Oximeters
- Wearable Blood Pressure Monitors
- Health and Fitness Devices
- By Application
- Patient Monitoring
- Health & Fitness
- Home Healthcare
- By End User
- Clinics
- Hospital Pharmacies
- Online Channels
- Hypermarkets
- Individuals
- By Country:
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- By Product Type
- Wearable Therapeutic Medical Device
- Hearing Aids
- Insulin Pump
- Respiratory Therapy Devices
- Sleep Apnea Devices
- Non-invasive Ventilation Device
- Wearable Monitoring and Diagnostic Device
- Fetal and Obstetric Devices
- Continuous Glucose Monitoring Devices
- Cardiac Monitoring Devices
- Wearable Heart Rate Monitors
- Wearable Pulse Oximeters
- Wearable Blood Pressure Monitors
- Health and Fitness Devices
- By Application
- Patient Monitoring
- Health & Fitness
- Home Healthcare
- By End User
- Clinics
- Hospital Pharmacies
- Online Channels
- Hypermarkets
- Individuals
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East:
- By Product Type
- Wearable Therapeutic Medical Device
- Hearing Aids
- Insulin Pump
- Respiratory Therapy Devices
- Sleep Apnea Devices
- Non-invasive Ventilation Device
- Wearable Monitoring and Diagnostic Device
- Fetal and Obstetric Devices
- Continuous Glucose Monitoring Devices
- Cardiac Monitoring Devices
- Wearable Heart Rate Monitors
- Wearable Pulse Oximeters
- Wearable Blood Pressure Monitors
- Health and Fitness Devices
- By Application
- Patient Monitoring
- Health & Fitness
- Home Healthcare
- By End User
- Clinics
- Hospital Pharmacies
- Online Channels
- Hypermarkets
- Individuals
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Product Type
- Wearable Therapeutic Medical Device
- Hearing Aids
- Insulin Pump
- Respiratory Therapy Devices
- Sleep Apnea Devices
- Non-invasive Ventilation Device
- Wearable Monitoring and Diagnostic Device
- Fetal and Obstetric Devices
- Continuous Glucose Monitoring Devices
- Cardiac Monitoring Devices
- Wearable Heart Rate Monitors
- Wearable Pulse Oximeters
- Wearable Blood Pressure Monitors
- Health and Fitness Devices
- By Application
- Patient Monitoring
- Health & Fitness
- Home Healthcare
- By End User
- Clinics
- Hospital Pharmacies
- Online Channels
- Hypermarkets
- Individuals
- By Country/Region:
- Central Africa
- South Africa
- North Africa
- Company Profiles
- Current Health*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Sorrel Medical
- Willow
- Aeroflow Breastpumps
- Medtronic plc
- Hoffmann-La Roche Ltd.
- Koninklijke Philips N.V.
- Smiths Medical
- Johnson and Johnson
- OMRON Corporation
- Siemens AG
- Fitbit Inc.
- Sonova
- Panasonic Corporation
>“*” marked represents similar segmentation in other categories in the respective section.