Uploaded on Jul 21, 2020
Wearable Medical Devices Market
Wearable Medical Devices
Market
Set to Exceed $85.6 Billion By 2027 | CAGR 24.8%
“Wearable Medical Devices Market Share, Size, Trends,
Industry Analysis Report, By Device Type (Diagnostic
Devices, Sleep Monitoring Devices, Neuro-monitoring
Devices, Therapeutic Devices, Glucose Monitoring Devices,
Respiratory Therapy Devices); By Site; By Application
(Sports and Fitness, Remote Patient Monitoring, and Home
Healthcare); By Regions; Segment Forecast, 2020 –2027”
Wearable Medical Devices Market Estimate & Forecast to 2027
The global Wearable Medical Devices market size is expected to reach USD 85.6 billion by
2027 according to a new study by Polaris Market Research.
Wearable medical devices are defined as the autonomous devices worn by the individual to
provide medical or fitness monitoring and support over a period of time. They are either
worn as a body accessory or being embedded in cloth or shoes. They incorporate non-
invasive sensors, wireless transmission, real time data processing capabilities, and also
provide medical feedback.
Recent developments in wearable medical devices include alert mechanisms, decision
support systems, and real time analysis. These wearables offer point of care, and remote
management for rehabilitating individuals, disabled and chronically ill.
The prominent factors favoring the wearable medical devices market growth include an
increase in the prevalence of lifestyle-related diseases, consumer awareness towards
fitness, and advancement in technology and medical innovation with ever increasing
interest of consumer electronic companies. According to the study published by the
International Diabetes Federation (IDF), in 2015, there were approximately 415 million
diabetic people and it is expected to increase to 640 million by 2040. The high prevalence of
diabetes is an important driCvoepyrig hbt ©o Poolsaritsi Mnagrke t mResaearrckh e& tC ognsurlotingw LLtPh 2.018. All Rights Reserved 2
Wearable Medical Devices Market Scope
By Device Type By Site By Application By Region
•Diagnostic Devices • Handheld •Sports and Fitness
•Vital Sign Monitoring Devices • Headband •Remote Patient Monitoring •North America (U.S., Canada)
•Heart Rate Monitors • Strap/Clip/Bracele •Home Healthcare •Europe (Germany, UK, France,
•Activity Monitors t Italy, Spain)
•Electrocardiographs • Shoe Sensors •Asia Pacific (China, India, Japan,
•Pulse Oximeters • Others South Korea)
•Spirometers •Latin America (Brazil, Mexico,
•Blood Pressure Monitors Colombia)
•Others •MEA (Saudi Arabia, South Africa,
•Sleep Monitoring Devices Israel, UAE)
•Sleep trackers
•Wrist Actigraphs
•Polysomnographs
•Others
•Electrocardiographs Fetal and
Obstetric Devices
•Neuro-monitoring Devices
•Electroencephalographs
•Electromyographs
•Others
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Wearable Medical Devices Market Estimate & Forecast to 2027
Market participants such as Medtronic plc, OMRON Corp., Biotelemetry Inc., Apple, Inc.,
Koninklijke Philips, Dexcom Inc., Abbott Laboratories, Verily Life Sciences, GE Healthcare,
Bio-Beat Technologies, Masimo Corporation, iRhythm Technologies, Inc., Preventice
Solutions, Inc., CONTEC Medical Systems Co. Ltd, VitalConnect, Minttihealth, Biotricity Inc.,
Cyrcadia Asia Limited., Garmin Ltd, Xiaomi Technologies, ten3T healthcare, Fitbit, Inc., and
Huawei Corporation are some of the key players operating in the Wearable Medical Devices
market.
Access Research Report On Wearable Medical Devices Market
Players in the market are focusing on developing low cost wearable accessible to all strata
of the population within the geographic footprint. In line with this, India based Muse
Wearables is manufacturing a wrist based wearable tracker at a cost of INR 3,500. With this,
it will continuously monitor skin temperature, blood O2 saturation levels, and heart rate to
track body vital signs to diagnose COVID-19 symptoms in early stages. The device is
Bluetooth enabled and could be connected via ‘Muse Health App’.
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Wearable Medical Devices Market Size
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About Us
Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
for our clientele spread across different enterprises. We at Polaris are obliged to e present across
the industries of healthcare, technology, semi-conductors and chemicals among various other
industries present around the world.
We strive to provide our customers with updated information on innovative technologies, high
growth markets, emerging business environments and latest business-centric applications,
thereby helping them always to make informed decisions and leverage new opportunities. Adept
with a highly competent, experienced and extremely qualified team of experts comprising SMEs,
analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our
customers.
Web: www.polarismarketresearch.com
Official Blog: http://polarismarketresearch.blogspot.com/
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