The global wearable medical devices market has witnessed a substantial growth in recent years. The rise in the demand for technologically advanced wearable medical devices, growing usage of smartphone healthcare apps as well as increased awareness pertaining to health among consumers are the key factors fuelling the growth of the global wearable medical devices market. The growing trend of home healthcare will further propel the growth of the wearable medical devices during the forecast period.
The diagnostic and monitoring devices application segment is estimated to dominate the wearable medical devices market in 2016. The rise in prevalence of chronic diseases has pushed the usage diagnostic and monitoring devices on more regular basis among the consumers globally. Also, activity monitors type segment is estimated to account for the largest market share in 2016 owing to the increased awareness about health and fitness among consumers.
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North America region is estimated to dominate the wearable medical devices market in 2016. On the other hand, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to factors such as growing usage of healthcare applications on smartphones. The high disposable income of people coupled with rising health concerns among consumers of emerging economies of the Asia-Pacific such as China and India will further propel the growth of wearable medical devices in the region.
This research report on wearable medical devices market provides in-depth analysis of the global wearable medical devices market based on type, application and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for wearable medical devices market. The report also analyses the competitive landscape and the major player and their strategies in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
The report also profiles the major companies active in this field, including Garmin Ltd., Philips Healthcare, Lifewatch AG, Omron Corporation, Withings SA, Jawbone Inc., Fitbit Inc., Sotera Wireless, Inc, Polar Electro OY, Drägerwerk AG & Co. KGaA
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The global wearable medical devices market is segmented on the basis of type, application and geography:
Global Wearable Medical Devices Market by Type
• Activity Monitors
• Smart Watches
• Smart Clothing
Global Wearable Medical Devices Market by Application
• Diagnostic & Monitoring Devices
Global Wearable Medical Devices Market by Region
• North America
Global Wearable Medical Devices Market Competitive Landscape
• Major Players and their Key Strategies
• New product launches
• Mergers and acquisitions
• Collaborations, partnerships, agreements and joint venture
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