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. 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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 Request for sample Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved 3 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’. Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved 4 Wearable Medical Devices Market Size Speak To Analyst Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved 5 Wearable Medical Devices Market Study – Engagement Options Buy Now – Click Here! Buy now & have immediate access to premium insights Purchase Report Sections – Click Here! Regional analysis Segmentation analysis Industry outlook Competitive landscape Speak To Analyst – Click Here! Get your doubts clear Schedule a call with our analyst before making any decision Request For Sample Pages – Click Here! Get free sample pages Understand report structure Unmask data for validation Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved 6 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/ Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved 7 Thank You! Contact Us : Polaris Market Research 30 Wall Street 8th Floor, New York City, NY 10005, United States E mail Id: [email protected] Phone: +1-646-568-9980
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