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Medical Wearable Market Size Worth USD 34.89 Billion by 2027, Industry trends -Advancement in Technology.

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Medical Wearable Market Size Worth USD 34.89 Billion by 2027, Industry trends -Advancement in Technology.

February 26
23:22 2021
Escalating demand for home healthcare and remote patient monitoring devices is one of the primary factors inducing demand for medical wearables Market Size – USD 7.37 Billion in 2019, Market Growth – CAGR of 21.5%, Market trends –Advancement in Technology.

Medical Wearable market for the forecast period, 2020 – 2027 is involved in screening the business environment and the companies operating in the Medical Wearable industry. Importantly, the research sheds a lot of light on their winning strategies to help stakeholders, business owners, and field marketing executives stay ahead in the competition.

The global medical wearable market is expected to be valued at USD 34.89 Billion in 2027 from USD 7.37 Billion in 2019, registering a CAGR of 21.5%through the forecast period. The global market is projected to account for a substantially higher revenue share over the forecast timeline, owing to various factors favorable for market growth. Wearable medical devices, such as smartwatches by Fitbit, are specifically designed to gather and analyze the user health data in real-time. These devices can assess the heartbeat, monitor blood pressure, provide ECG measurement, and determine the body’s overall fitness levels.

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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.

The leading companies operating in the global medical wearable market include Apple, Inc., Koninklijke Philips N.V., Omron Healthcare Co., Ltd., GE Healthcare, Medtronic Plc, Biotelemetry, Inc., Abbott Laboratories, Irhythm Technologies, Inc., Dexcom, Inc., and Masimo Corporation.

By Product Type (Revenue, USD Billion; 2017-2027)

  • Smartwatches
  • Wristbands and activity monitors
  • Others (Clothing, glasses, etc.)

By Device Type (Revenue, USD Billion; 2017-2027)

  • Vital Signs Monitoring Devices
  • Glucose Monitoring Devices
  • Neurological Monitoring Devices
  • Fetal Monitoring Devices
  • Sleep Apnea Monitors
      • Pulse Oximeters
      • ECG /Holter Heart Rate Monitors
      • Blood Pressure Monitors
      • Multiparameter Trackers

By End-User (Revenue, USD Billion; 2017-2027)

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

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Scope of the Report:

To help gain the business owner further gain business intelligence the study on the medical wearable market for the forecast period 2020 – 2027 brings to light data on production capability, consumption capacity, spending power, investment feasibility, and technology innovation. A thorough assessment of market performance across different regions is presented through self-explanatory graphic images, charts, and tables that add weight to corporate presentations and marketing materials. The study offers regional profiles of major vendors and extensive country-level break down to empower companies to make a wise investment decision when exploring new regions.

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?

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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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Medical Wearable Market Segmentation & Impact Analysis

    4.1. Medical Wearable Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. Advent of technologically advanced products

                    4.2.2.2. Increasing awareness of fitness and incidence of lifestyle disorders

          4.2.3. Market restraints analysis

                    4.2.3.1. Unfavorable standards and regulations

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Medical Wearable Market By Product Insights & Trends Revenue (USD Million) 

    5.1. Product Dynamics & Market Share, 2019 & 2027

          5.1.1. Patches

          5.1.2. Wristband and Activity Monitors

          5.1.3. Smartwatches

          5.1.4. Others (Clothing, glasses, others)

Chapter 6. Medical Wearable Market By Device Type Insights & Trends Revenue (USD Million) 

    6.1. Device Type Dynamics & Market Share, 2019 & 2027

          6.1.1. Vital Signs Monitoring Devices

                    6.1.1.1. ECG /Holter Heart Rate Monitors

                    6.1.1.2. Pulse Oximeters

                    6.1.1.3. Blood Pressure Monitors

                    6.1.1.4. Multiparameter Trackers

          6.1.2. Glucose Monitoring Devices

          6.1.3. Sleep Apnea Monitors

          6.1.4. Fetal Monitoring Devices

          6.1.5. Neurological Monitoring Devices

Continue…!

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