Medical Wearable Market: A Look at the Industry's Current Status and Future Outlook

The growing demand for remote patient monitoring and home healthcare devices will drive the demand for the medical wearable market.

The Global Medical Wearable Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Medical Wearable Market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry. The report sheds light on the minute details of the Medical Wearable Market industry pertaining to growth factors, opportunities and lucrhative business prospects, regions showing promising growth, and forecast estimation till 2020. The report assesses the historical data and current scenario to offer accurate estimations of the Medical Wearable Market in the coming years.

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The global Medical Wearable Market is forecasted to be worth USD 34.89 Billion by 2027. An increase in the infiltration of smartphones, along with a rise in the number of smartphone-based healthcare applications, is driving the market for the medical wearables market. Moreover, the preference of healthcare providers for wireless connectivity and surge in the incidence of diseases, such as diabetes, chronic pain, obesity, hypertension, chronic obstructive pulmonary disease, and cardiac disorders, will boost the market growth.

The self-monitoring medical wearable devices will witness lucrative growth. The surge in the incidence of cardiac diseases and chronic diseases will impact the market positively. An increase in the penetration of 4G networks and growing demand for 5G connection will also augment the demand for the market.

Research Report on the Medical Wearable Market Addresses the Following Key Questions:

Who are the dominant players of the Medical Wearable market?

Which regional market is anticipated to have a high growth rate over the projected period?

What consumer trends and demands are expected to influence the operations of the market players in the Medical Wearable market?

What are the key growth drivers and restraining factors of the Medical Wearable market?

What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?

What is the overall impact of the COVID-19 pandemic on the Medical Wearable market and its key segments?

Market Overview:

The report bifurcates the Medical Wearable market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

  • Product Outlook (Revenue, USD Billion; 2017-2027)

    • Patches
    • Wristband and Activity Monitors
    • Smartwatches
    • Others (Clothing, glasses, others)
  • Device Type Outlook (Revenue, USD Billion; 2017-2027)

    • Vital Signs Monitoring Devices
      1. ECG /Holter Heart Rate Monitors
      2. Pulse Oximeters
      3. Blood Pressure Monitors
      4. Multiparameter Trackers
    • Glucose Monitoring Devices
    • Sleep Apnea Monitors
    • Fetal Monitoring Devices
    • Neurological Monitoring Devices
  • End-User Outlook (Revenue, USD Billion; 2017-2027)

    • Hospitals Clinics
    • Nursing Homes, Assisted Living Facilities, Long-term Care Centers
    • Home Care Settings
    • Ambulatory Care Centers

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Regional Landscape section of the Medical Wearable report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Medical Wearable market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

Koninklijke Philips N.V., Medtronic Plc, Omron Healthcare Co., Ltd., Biotelemetry, Inc., Apple, Inc., GE Healthcare, Abbott Laboratories, Dexcom, Inc., Irhythm Technologies, Inc., Masimo Corporation

Key Benefits of the Report:

Comprehensive analysis of the competitive scenario and its changing dynamics

Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis

In-depth 8-year analysis of the Global Medical Wearable Market

Critical understanding of the key market segments 

Comprehensive analysis of the drivers, restraints, trends, and opportunities

Detailed regional analysis and extensive company profiling

Extensive assessment of current and emerging trends of the market

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