Medical Technology News

Wearable Medical Devices Market Size Garner USD 29.8 Bn by 2026

Press release   •   Sep 26, 2019 11:59 EDT

The global wearable medical devices market size was valued at approximately US$ 6.5 Bn in 2018 and is anticipated to reach a value of approximately US$ 29.8 Bn by 2026, expanding at a CAGR of 17.8% from 2019 to 2026.

Wearable medical devices can be referred to as autonomous and non-invasive devices that can perform specific medical functions. These medical functions include medical monitoring or support over some time. One of the primary objectives of wearable medical devices is the collection of information regarding the patient’s health.

The report analyzes and forecasts the wearable medical devices market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

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The report comprises a detailed value chain analysis, which provides a comprehensive view of the global wearable medical devices market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the wearable medical devices market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of wearable medical devices market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

Companies Mentioned in the Report

The report also profiles major players in the global wearable medical devices market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. The major players profiled in the market report include Xiaomi Technology Co., Ltd, Samsung Electronics Co. Ltd., Fitbit, Inc., Garmin Corporation, Apple Inc., Huawei Technologies Co., Ltd., Polar Electro, OMRON Corporation, Activinsights Ltd., and VitalConnect.

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

  • Global Wearable Medical Devices Market, by Device
    • Diagnostic and Monitoring Devices
      • Vital Signs Monitoring Devices
      • Glucose Monitoring Devices
      • Sleep Monitoring Devices
      • Fetal Monitoring & Obstetric Devices
      • Neuromonitoring Devices
    • Therapeutic Devices
      • Pain Management Devices
      • Rehabilitation Devices
      • Insulin Pumps
      • Respiratory Therapy Devices
  • Global Wearable Medical Devices Market, by Product Type
    • Smart Watches
    • Activity Monitors
    • Patches
    • Smart Clothing
  • Global Wearable Medical Devices Market, by Application
    • Sports & Fitness
    • Home Healthcare
    • Remote Patient Monitoring
  • Global Wearable Medical Devices Market, by Distribution Channel
    • Online Channels
    • Pharmacies
    • Hypermarkets
  • Global Wearable Medical Devices Market, by Region
    • North America
      • U.S
      • Canada
    • Europe
      • Germany
      • U.K
      • Italy
      • France
      • Spain
      • Rest of Europe
    • Asia Pacific
      • India
      • China
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa

Reasons to Purchase this Report:

- Estimates 2019-2026 wearable medical devices market development trends with the recent trends and SWOT analysis
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

  • To analyze and study the global wearable medical devices capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
  • Focuses on the key wearable medical devices manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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