global-wearable-medical-device-market-industry
Published

December 2017

Global Wearable Medical Devices Market - Growth, Trends and Forecasts (2017-2022)

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Wearable Medical Devices Market 

The Global Wearable Medical Devices Market was valued at USD XX million in 2016. Considering the historical trend and possible future developments, the market is projected to reach a value of USD XX million by 2022, with a CAGR of XX% over the forecast period of 2017-2022.

Wearable medical devices are defined as devices with sensors attached to the body that detect and monitor changes in body signatures of various areas and organs. The growth of the global wearable device is driven by several factors, the most important being the technological innovation.

Drivers

The general public is more aware of the technological developments through social platforms. People are interested in smart and portal devices, and the wearable is combination of both. This interest of public towards in innovation will lead to the growth of the market.

Restraints

There is no specific reimbursement for wearable devices and the cost of some devices high which makes it not affordable in developing and underdeveloped countries. It is expected that such factors will hamper the growth of the market to some extent.

Market Segmentation

This market has been segmented based on diagnostic wearable medical device as wearable vital signs monitors, wearable fetal monitors and obstetric devices and neuro-monitoring devices. Based on therapeutic wearable device market is segmented as wearable pain management medical devices, glucose/insulin monitoring devices and wearable respiratory therapy devices. Based Wearable Device in application as sports and fitness, remote patient monitoring and home healthcare. Since this is a global market, based on geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East & Africa and South America. These regions are further segmented into countries in their respective regions.

Some of the key players in this market include –

Apple, Inc., Fitbit, Inc., Garmin Ltd., Intel Corporation , Koninklijke Philips N.V., Lifesense Group B.V., Medtronic Plc, Samsung Electronics Co., Ltd., Xiaomi Technology Co., Ltd and others.

Key Deliverables

  • Market analysis for the Global Wearable Medical Devices Market, with region specific assessments and competition analysis.
  • Market definition along with the identification of key drivers, restraints opportunities and challenges.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
  • Extensively researched competitive landscape section with company profiles of key players with the analysis of their current strategic interests and key financial information.
  • Identification and analysis of the macro and micro factors that affect the Global Wearable Medical Devices.
  • Insights of the market in the regions that have the highest potential for growth and also identify the markets that are still untapped.
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