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(Wireless-NewsWire.Com, October 27, 2018 ) According to the new market research report "Wearable Medical Devices Market” is expected to reach USD 14.41 Billion by 2022 from USD 6.22 Billion in 2017, at a CAGR of 18.3%.
Get 134 market data Tables and 34 Figures spread through 161 Pages and in-depth TOC on "Wearable Medical Devices Market by Device (Diagnostic (Heart, Pulse, BP, Sleep), Therapeutic (Pain, Insulin, Rehabilitation)), Application (Sport, Fitness, RPM), Type (Smartwatch, Patch), Distribution Channel (Pharmacy, Online) - Global Forecast to 2022"
Browse and in-depth TOC on “Wearable Medical Devices Market”
134 – Tables
34 – Figures
161 – Pages
https://www.marketsandmarkets.com/Market-Reports/wearable-medical-device-market-81753973.html
The growth of the market is attributed to the technological advances in medical devices, increasing penetration of smartphones and growing number of smartphone-based healthcare apps compatible with wearable devices, and increasing awareness about physical fitness.
In 2017, the activity monitors segment is expected to account for the largest share of the wearable medical devices market. The high growth in this segment is attributed to factors such as the rising adoption of sedentary and unhealthy lifestyles, rising prevalence of lifestyle diseases, and growing awareness of health and fitness.
The sports and fitness segment is expected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing focus on physical fitness among people to improve the quality of life, coupled with the growing trend of tracking health progress.
In 2017, North America is expected to dominate the market followed by Europe. The large share of this geographical segment is attributed to the presence of developed healthcare infrastructure, focus on technological advancements, and the development of interconnected and highly advanced healthcare apps and compatible devices, and the presence of key market players.
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The wearable medical devices market is highly competitive with the presence of various players. Some of the major players operating in the market are Fitbit (US), Philips (Netherlands), LifeWatch (Switzerland), Garmin (Switzerland), and Omron (Japan). The other players operating in this market include Drägerwerk (Germany), Nokia Technologies (US), Jawbone (US), Polar (Finland), Wor(l)d Global Network (US), Activeinsights (UK), VitalConnect (US), Xiaomi (China), Misfit (US), and Monica Healthcare (UK).
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Target Audience for this Report:
Wearable medical device manufacturers
Public and private physicians
Healthcare institutions (medical data centers)
Research & clinical laboratories
Distributors and suppliers of wearable medical devices
Health insurance payers
Market research and consulting firms
Venture capitalists
The study estimates the wearable medical devices market size for 2017 and projects its demand till 2022. In the primary research process, various sources from both demand side and supply side were interviewed to obtain qualitative and quantitative information for the report. Primary sources from the demand side include various industry CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from the various players in the global market. For the market estimation process, both top-down and bottom-up approaches were used to estimate and validate the market size of the wearable medical devices market as well as to estimate the market size of various other dependent submarkets. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and added to detailed inputs and analysis from MarketsandMarkets and presented in this report.
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