According to research report wearable healthcare devices market size is projected to reach USD 46.6 billion by 2025 from USD 18.4 billion in 2020, at a CAGR of 20.5% from 2020 to 2025.
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This market is largely driven by the increasing awareness of fitness and healthy lifestyles, development of technologically advanced products, growing geriatric population and subsequent increase in the incidence of chronic diseases, cost-containment in healthcare delivery, robust penetration of 3G and 4G networks for uninterrupted healthcare services, increasing penetration of smartphones and the growing number of smart-phone based healthcare apps and growing preference for wireless connectivity among healthcare providers are driving the growth of the global wearable healthcare devices industry.
Growing adoption of mobile platforms, increasing adoption of AI and 5G, and the growing awareness & preference for home healthcare are opening opportunities for the growth of the market.
Based on region, the global wearable healthcare devices market is segmented into North America, the Asia Pacific, Europe, Latin America, and the Middle East & Africa. In 2019, North America accounted for the largest share of 38.0% of the global wearable medical devices market.
Based on applications, the wearable healthcare devices market is segmented into general health and fitness, remote patient monitoring, and home healthcare applications. In 2019, the general health and fitness segment accounted for the largest share of the market, primarily due to the increasing focus on physical fitness among people to improve their quality of life, coupled with the growing trend of tracking health progress on a continuous basis.
Based on device type, the wearable healthcare devices market is segmented into diagnostic & monitoring devices and therapeutic devices. In 2019, the diagnostic & monitoring devices segment accounted for a larger share of 64.3% of the wearable medical devices market. The large share of this segment can be attributed to factors such as the growing prevalence of chronic & lifestyle diseases, the availability of technologically advanced and compact products that can be easily worn, the ability of diagnostic & monitoring devices to diagnose multiple health conditions at relatively earlier stages, and the increasing accuracy of the products.
Based on the distribution channel, the wearable healthcare devices market is segmented into pharmacies, online channels, and hypermarkets. Pharmacies accounted for the largest share of 46.7% of the global wearable medical devices market in 2019. The increasing trend of self-monitoring and non-invasive monitoring and diagnosis has resulted in a substantial increase in the supply of wearable devices in pharmacies.
The major players in the wearable healthcare devices market are Medtronic plc. (Ireland), Koninklijke Philips N.V. (Netherlands), OMRON Corporation (Japan), Biotelemetry Inc.(US), Apple, Inc. (US), Dexcom Inc. (US), Abbott Laboratories(US), Masimo Corporation(US), GE Healthcare(US), Bio-Beat Technologies (Israel), iRhythm Technologies, Inc. (US), VitalConnect (US), Minttihealth (US), Preventice Solutions, Inc. (US), CONTEC Medical Systems Co. Ltd (China), Biotricity Inc.(US), Verily Life Sciences.(US), Cyrcadia Asia Limited (Hong Kong ), ten3T healthcare (India), Fitbit, Inc. (US), Garmin Ltd (Switzerland), Xiaomi Technologies (China), and Huawei Corporation (China).
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Wearable Healthcare Devices Market Size, Share, Trend - Analysis Report 2025
Global Wearable Devices Industry: with growing significant CAGR during Forecast 2020-2026Latest Research Report on Wearable Devices Market which covers Market Overview, Future Economic Impact, Competition by Manufacturers, Supply (Production), and Consumption AnalysisUnderstand the influence of COVID-19 on the Wearable Devices Market with our analysts monitoring the situation across the globe.
Request NowThe market research report on the global Wearable Devices industry provides a comprehensive study of the various techniques and materials used in the production of Wearable Devices market products.
Starting from industry chain analysis to cost structure analysis, the report analyzes multiple aspects, including the production and end-use segments of the Wearable Devices market products.
The latest trends in the pharmaceutical industry have been detailed in the report to measure their impact on the production of Wearable Devices market products.
Leading key players in the Wearable Devices market are –Apple, Inc., Google, Inc., Garmin, Ltd., Samsung Electronics Co., Ltd., Sony Corporation, Fitbit, Inc., Pebble Technology Corp., Qualcomm, Inc., Xiaomi Technology Co., Ltd., Jawbone, Inc., LG Electronics Inc., Nike, Inc., Adidas AGGet sample of this report @ https://grandviewreport.com/sample/39971Product Types:Wristwear,Eyewear,Footwear,Neckwear,Bodywear,OtherBy Application/ End-user:Consumer Electronics,Healthcare,Enterprise & Industrial,OtherRegional Analysis For Wearable Devices MarketNorth America (the United States, Canada, and Mexico)Europe (Germany, France, UK, Russia, and Italy)Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)South America (Brazil, Argentina, Colombia, etc.
However, each manufacturer has been profiled in detail in this research report.Wearable Devices Market Effect Factors Analysis chapter precisely gives emphasis on Technology Progress/Risk, Substitutes Threat, Consumer Needs/Customer Preference Changes, Technology Progress in Related Industry, and Economic/Political Environmental Changes that draw the growth factors of the Market.The fastest & slowest growing market segments are pointed out in the study to give out significant insights into each core element of the market.
Global Wearable Devices Industry: with growing significant CAGR during Forecast 2020-2026Latest Research Report on Wearable Devices Market which covers Market Overview, Future Economic Impact, Competition by Manufacturers, Supply (Production), and Consumption AnalysisUnderstand the influence of COVID-19 on the Wearable Devices Market with our analysts monitoring the situation across the globe.
Request NowThe market research report on the global Wearable Devices industry provides a comprehensive study of the various techniques and materials used in the production of Wearable Devices market products.
Starting from industry chain analysis to cost structure analysis, the report analyzes multiple aspects, including the production and end-use segments of the Wearable Devices market products.
The latest trends in the pharmaceutical industry have been detailed in the report to measure their impact on the production of Wearable Devices market products.
Leading key players in the Wearable Devices market are –Apple, Inc., Google, Inc., Garmin, Ltd., Samsung Electronics Co., Ltd., Sony Corporation, Fitbit, Inc., Pebble Technology Corp., Qualcomm, Inc., Xiaomi Technology Co., Ltd., Jawbone, Inc., LG Electronics Inc., Nike, Inc., Adidas AGGet sample of this report @ https://grandviewreport.com/sample/39971Product Types:Wristwear,Eyewear,Footwear,Neckwear,Bodywear,OtherBy Application/ End-user:Consumer Electronics,Healthcare,Enterprise & Industrial,OtherRegional Analysis For Wearable Devices MarketNorth America (the United States, Canada, and Mexico)Europe (Germany, France, UK, Russia, and Italy)Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)South America (Brazil, Argentina, Colombia, etc.
However, each manufacturer has been profiled in detail in this research report.Wearable Devices Market Effect Factors Analysis chapter precisely gives emphasis on Technology Progress/Risk, Substitutes Threat, Consumer Needs/Customer Preference Changes, Technology Progress in Related Industry, and Economic/Political Environmental Changes that draw the growth factors of the Market.The fastest & slowest growing market segments are pointed out in the study to give out significant insights into each core element of the market.