A report on the Wearable Medical Devices Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Wearable Medical Devices Market. The historic years considered for the study are 2015-2020 the base year is 2021, and the forecast period is 2021-2026.

The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.

Market Analysis

The Wearable Medical Devices Market is expected to grow from USD 17.4 billion in 2020 to USD 60.5 billion by 2026 at a CAGR of over 23.7% during the forecast period.

The Market is segmented by By Device Type (Diagnostic Devices, Therapeutic Devices), Product (Activity Monitors, Smart Watches, Smart Clothing, Patches), Application (Sports and Fitness, Remote Patient Monitoring, Home Healthcare), Distribution Channel (Pharmacies, Online Channel, Hypermarkets) and Region.

This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on Wearable Medical Devices Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.

Report Features

The report delivers a detailed view of the industry based on Wearable Medical Devices Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-

–         Market structure: Overview, industry life cycle analysis, supply chain analysis

–         Covid-19 Impact analysis.

–         Market environment analysis: Growth drivers and constraints, and SWOT analysis.

–         Market trend and forecast analysis.

–         Market segment trend and forecast.

–         Competitive landscape and dynamics: Market share, product launches, etc.

–         Attractive Market segments and associated growth opportunities.

–         Emerging trends.

–         Strategic growth opportunities for the existing and new players.

The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.

Key Segments Wearable Medical Devices Market Report Covers:

Application Trends

Based on application, the market has been segmented into sports and fitness, remote patient monitoring, and home healthcare.

  • The home healthcare segment accounted for the largest market share in 2020.
  • Expanding geriatric population and prevalence of chronic diseases has resulted in increased demand for devices to monitor health continuously at home and reduce the number of frequent hospital visits and thus, curb healthcare expenditure.

Regional Trends

Geographically, the market in North America accounted for the largest market share in 2020 owing to expanding geriatric population and increasing number of people having non-communicable disease due to changing lifestyle.

  • Additionally, the high adoption rate of technologically advanced healthcare products coupled with high purchasing power is another important factor propelling the market growth.
  • The market in the Asia-Pacific region is projected to register the fastest growth during the review period on account of the increasing usage of fitness devices coupled with rising per capita disposable income.

According to the report, brands or companies that are leading globally in this Market are –

  • Koninklijke Philips N.V. (Netherlands),
  • Zephyr Technology Corporation (The U.S),
  • Omron Corporation (Japan),
  • Sotera Wireless, Inc. (The U.S),
  • Everist Health (The U.S),
  • LifeWatch AG (Switzerland),
  • Withings (France),
  • Polar Electro Oy (Finland),
  • Intelesens Ltd (UK),
  • Fitbit, Inc. (The U.S),
  • Vital Connect, Inc. (The U.S), and
  • Garmin Ltd. (The U.S).

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About Us –

Stratviewresearch.com is a leading global Market Research firm providing expert research solutions, trusted by clients worldwide. Stratview Research possesses a global presence to enable current Market information using the most up-to-date methodology, best-in-class research techniques, and cost-effective approaches. We survey clients in several countries to provide you with the most comprehensive illustration of global trends and behaviours.