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Global Wearable Medical Devices Market Threats, Analysis, Key Players, Growth, and Forecast 2026

Global Wearable Medical Devices Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026 Wearable medical devices are handheld, worn or attached monitors of metabolic changes in the body, that record and display data whenever needed. These devices are mostly small, portable and user-friendly. Moreover, due to its fast and quick generation of results wearable medical devices are used in monitoring of blood sugar levels, blood pressure levels, sleep apnea disease, heart rate and skin temperatures. Rising demand for user friendly and self-monitoring devices by the consumers is a key driver for growth of global wearable medical devices market. Moreover, increasing health awareness and increase in prevalence conditions such as diabetes, hypertension and cardiovascular diseases are major drivers for growth of global wearable medical devices market. Furthermore, technological advancements, attractive product features and smartphone connectivity are also driving the global wearable medical devices market. However, lack of awareness among general population and unwillingness of the consumers to shift from conventional devices to wearable devices are key restraints for the growth of global wearable medical devices market. Moreover, device related issues such as memory problems, inaccurate results and fluctuations in data are major restraints for the global wearable medical devices market. Manufacturing of innovative devices and next-generation products that are smartphone compatible by key players in this market, can act as major opportunity for growth of global wearable medical devices market. North America is a dominant player in the global wearable medical devices market and holds the largest market share in terms of revenue, due to the presence of huge number of mid-sized and large companies and rapid emergence of new players. Europe accounts for the second largest market share in the global wearable medical devices market, owing to higher adoption of wearable medical devices by the general population followed by Asia-Pacific and Middle East & Africa (MEA).  Global wearable medical devices market segmentation by type:
  • Activity Monitors
  • Smart Watches
  • Smart Clothing
  • Patches
Global wearable medical devices market segmentation by distribution channel:
  • Pharmacies
  • Online Channel
  • Hypermarkets
Global wearable medical devices market segmentation by applications:
  • Diagnostic & Monitoring Devices
  • Vital Signs Monitoring Devices
  • Glucose Monitoring Devices
  • Sleep Monitoring Devices
  • Sleep Monitoring Devices
  • Neuromonitoring Devices
  • Therapeutic Devices
  • Pain Management Devices
  • Rehabilitation Devices
  • Respiratory Therapy Devices
  • Insulin Pumps
Global wearable medical devices market segmentation by end use:
  • Sports and Fitness
  • Remote Patient Monitoring
  • Home Healthcare
Global wearable medical devices market segmentation by region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key players in the global wearable medical devices market include:
  • Medtronic plc
  • Siemens AG
  • Fitbit Inc.
  • Bayer AG
  • Panasonic Corporation
  • Animas Corporation- Johnson & Johnson
  • Smith’s Medical - A Smiths Group Company
  • Koninklijke Philips N.V.
  • Owlet Baby Care
  • OMRON Corporation
  • Hoffmann-La Roche Ltd.
  • Rest Devices Inc.
 
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About this Report
Report ID 148427
Category
  • Medical Devices
Published on Upcoming
Number of Pages NA
Publisher Name Prudour
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