Wearable Medical Device Market Future Trends, Revenue Growth, Profitability & Leading Players, Forecast To 2027

Sunil Rathod

Wearable Medical Device Market Future Trends, Revenue Growth, Profitability & Leading Players, Forecast To 2027

The global wearable medical device market size is expected to reach USD 93.19 billion by 2027, according to a new report by Radiant Insights, Inc. It is projected to progress at a CAGR of 27.9% during the forecast period. Rising demand for advanced and continuous health monitoring products is fueling the growth.

Increasing prevalence of obesity coupled with rising awareness about physical fitness is encouraging people to adopt fitness-related activities. Wearable devices, such as smart bands and smart watches help monitor fitness parameters including calories burned, footstep count, and distance covered while walking or running. Wearable devices companies also offer guidance of certified dieticians and nutritionists, further generating the demand for wearable medical devices.

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Companies, such as Google, Fitbit, Apple, and Nike are working toward launching new innovative products, which is anticipated to boost the wearable medical devices market growth over the forecast period. Smart watches and wristbands are the current focal point of product development and innovation, leading to abundant availability of such products. For instance, Health Patch, a product of Vital Connect, was launched in March 2014. The product is an adhesive patch that can be placed anywhere on the chest and is used for regulating biometrics such as heart rate, skin temperature, body posture, and activities like steps walked.

Further key findings from the report suggest:

• The diagnostic devices segment dominated the market in 2019 owing to the increasing disposable income and awareness along with higher healthcare spending

• The straps, clip, and bracelets is the largest and fastest growing segment in the wearable medical device market

• Home healthcare held a significant market share in 2019 owing to the rise in geriatric population triggering incidence rate of target diseases

• North America is projected to command for a cumulative market share in 2019 due to the increasing application of home care and remote patient monitoring for the purpose of regular, continuous, and long-term monitoring of patients

• Asia Pacific is expected to witness the fastest growth over the forecast period, attributed to the rising incidence of chronic disease along with growing awareness and disposable income of the consumers

• Some of the companies present in the market are Philips Electronics, Fitbit, Basis Science, Garmin, Covidien, Omron Corp., Withings, Vital Connect, Polar Electro, Intelesens, Everist Genomics, Intelesens, and Sotera Wireless

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Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.1.1 Product
1.1.2 Site
1.1.3 Application
1.1.4 Regional Scope
1.1.5 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Radiant Insights Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details Of Primary Research
1.4 Information Or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis (Model 1)
1.6.1.1 Approach 1: Commodity Flow Approach
1.6.2 Volume Price Analysis (Model 2)
1.6.2.1 Approach 2: Volume Price Analysis
1.7 List of Secondary Sources
1.8 List of Primary Sources
1.9 List of Abbreviations
1.10 Objectives
1.10.1 Objective - 1:
1.10.2 Objective - 2:
1.10.3 Objective - 3:
1.10.4 Objective - 4:

Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights

Chapter 3 Wearable Medical Device Market: Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Ancillary Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 User Perspective Analysis
3.3.1 Consumer Behavior Analysis
3.3.2 Market Influencer Analysis

Continued…

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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
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Sunil Rathod

Wearable Medical Device Market Objectives of the Study Includes Research Methodology and Assumptions and Forecast by 2030

john clinton 2022-12-12

com/sample_request/899Wearable Medical Device Market SegmentationThe market has been assessed under type, device type, application, and distribution channel. The wearable medical device market major distribution channels for wearable medical devices discussed in the report include pharmacies, hypermarkets, and online channel. Of these, Americas will command the wearable medical device market over the predicted years owing to rising cases of diabetes and obesity here. About Market Research Future:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. com

Wearable Medical Device Market is expected to display a steady growth of 24.7% due to the Increasing Technological Advancements and Innovations | UnivDatos Market Insights

Ahasan Ali 2023-06-01

The wearable medical device market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the wearable medical device market at the global and regional levels. Overall, the wearable medical device market is expected to continue growing as technology advances and consumer demand increases. product_id=34981Wearable Medical Device Market Geographical Segmentation Includes:· North America (United States, Canada, and Rest of North America)· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)· Asia-Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia-Pacific) · Rest of the WorldAPAC is anticipated to grow at the fastest rate during the forecast period owing to factors such as escalation in the geriatric population, increasing standard of living, and rise in chronic diseases. The major players targeting the market include· FITBIT· Apple, Inc.

Wearable Medical Device Market Size and Explosive Future Growth, Revenue and Forecast 2030

Kaustubh Dhake 2023-03-23

One such advancement is the wearable medical device. 1% CAGR during the forecast period (2022-2030)There are quite a few factors that is propelling the growth of the wearable medical device market. The wearable medical device market major distribution channels for wearable medical devices discussed in the report include pharmacies, hypermarkets, and online channel. Of these, Americas will command the wearable medical device market over the predicted years owing to rising cases of diabetes and obesity here. About Market Research Future:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

Global Wireless Wearable Medical Device Market Report, Latest Trends, Industry Opportunity & Forecast to 2027

Iram sen 2022-01-03

The Wireless Wearable Medical Device market 2021 research report gives emerging industry data, global segments and regional outlook. The major players in the wireless wearable medical device market include Abbott Diabetes Care, Inc. Get more information on "Global Wireless Wearable Medical Device Market Research Report" by requesting FREE Sample Copy at https://www. Browse Global Wireless Wearable Medical Device Market Research Report with detailed TOC at https://www. Purchase Complete Global Wireless Wearable Medical Device Market Research Report at https://www.

Asia Pacific Wearable Medical Device Market Size, Opportunities, Analysis, Growth Factors, Latest Innovations and Forecast 2027

Tanmay 2022-03-11

According to Market Research Future (MRFR)’s forecast, the Asia Pacific wearable medical device market size is set to thrive at a healthy CAGR of 15. The Asia Pacific wearable medical device market size, by end-users, has been segmented into sports person, patients, and others. Regional Analysis:The Asia Pacific wearable medical device market, for geographical study, has been segmented into India, Japan, China, Republic of Korea, Australia, and Rest of Asia Pacific. It is anticipated to secure the second spot in the Asia Pacific wearable medical device market through the forecast period. com/reports/asia-pacific-wearable-medical-device-market-629About Market Research Future:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

Wireless Wearable Medical Device Market Size, In-depth Analysis Report and Global Forecast to 2027

Anaya sen 2021-04-30

COVID-19 Impact Analysis on Wireless Wearable Medical Device Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.

The report encompasses data regarding market share and recent developments by key players.

Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the wireless wearable medical device market include Abbott Diabetes Care, Inc., Adidas AG, Alive Technologies Pty.

This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Wireless Wearable Medical Device Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/wireless-wearable-medical-device-market/download-sampleMarket DynamicsThe major drivers responsible for the growth of the wireless wearable devices market include Smart Fitness monitoring, Health consciousness, and mobile communications, Rapid rising of Smart Wireless Health and Fitness Devices, Integrating Smart Sensors and different programs, Professional Wireless Healthcare Devices have transformed consumer Healthcare industry operated in Hospital Settings.

Additionally, high demand for mobile health care devices and the rise in prominence of AI and big data analytics in the area of digital health care are likely to propel the global wireless wearable devices market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.

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