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.

Report Structure:

In the first section of the report we offer a table of content, followed by a list of figures. The next section offers a definition and brief explanation of the various products and segmentation of the target market, along with research methodology and a list of acronyms and sources used to gather and analyse data and information.

The third section of the report entails a brief list of drivers, restraints, opportunities, and threats (DROTs) in the target market. The report also offers insights on various trends in regions, countries, and markets as per segmentation, as well as insights and crucial information obtained from various sources including primary and secondary, annual reports, the Internet and others.

The final section comprises detailed profiles of key players in the target market and a SWOT analysis of each company, apart from strategies, acquisitions and mergers.

Objective of Report:

Sections of the report are created and designed specifically to offer readers a clear, clean, and insights into historical, estimated, and revenue (US$ Mn/Bn) estimation and projection, Compounded Annual Growth Rate (CAGR %), and volume in measure as applicable to the target product/market. We offer illustrations, charts, tables, and figures to support our findings and analysis, in addition to key finding for markets in regions and countries. This report is valuable asset for the existing players, new entrants and the future investors.

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