The global Wearable Medical Devices market size is expected to reach USD 85.6 billion by 2027 according to a new study by Polaris Market Research. The report “Wearable Medical Devices Market Share, Size, Trends, Industry Analysis Report, By Device Type (Diagnostic Devices, Sleep Monitoring Devices, Neuro-monitoring Devices, Therapeutic Devices, Glucose Monitoring Devices, Respiratory Therapy Devices); By Site; By Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Wearable medical devices are defined as the autonomous devices worn by the individual to provide medical or fitness monitoring and support over a period of time. They are either worn as a body accessory or being embedded in cloth or shoes. They incorporate non-invasive sensors, wireless transmission, real time data processing capabilities, and also provide medical feedback.
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Recent developments in wearable medical devices include alert mechanisms, decision support systems, and real time analysis. These wearables offer point of care, and remote management for rehabilitating individuals, disabled and chronically ill.
The prominent factors favoring the wearable medical devices market growth include an increase in the prevalence of lifestyle-related diseases, consumer awareness towards fitness, and advancement in technology and medical innovation with ever increasing interest of consumer electronic companies. According to the study published by the International Diabetes Federation (IDF), in 2015, there were approximately 415 million diabetic people and it is expected to increase to 640 million by 2040. The high prevalence of diabetes is an important driver boosting market growth.
With a spike in infectious diseases over the past decade, the Stanford Healthcare Innovation Lab (SHIL) set up a team to study the impact of wearables to track infectious diseases. Moreover, in April 2020, Scripps Research Translational Institute (SRTI) launched DETECT, under which data from activity trackers and smart watches would be integrated into public health surveillance program for proactive disease tracking and population health programs.
Market participants such as Medtronic plc, OMRON Corp., Biotelemetry Inc., Apple, Inc., Koninklijke Philips, Dexcom Inc., Abbott Laboratories, Verily Life Sciences, GE Healthcare, Bio-Beat Technologies, Masimo Corporation, iRhythm Technologies, Inc., Preventice Solutions, Inc., CONTEC Medical Systems Co. Ltd, VitalConnect, Minttihealth, Biotricity Inc., Cyrcadia Asia Limited., Garmin Ltd, Xiaomi Technologies, ten3T healthcare, Fitbit, Inc., and Huawei Corporation are some of the key players operating in the Wearable Medical Devices market.
Players in the market are focusing on developing low cost wearable accessible to all strata of the population within the geographic footprint. In line with this, India based Muse Wearables is manufacturing a wrist based wearable tracker at a cost of INR 3,500. With this, it will continuously monitor skin temperature, blood O2 saturation levels, and heart rate to track body vital signs to diagnose COVID-19 symptoms in early stages. The device is Bluetooth enabled and could be connected via ‘Muse Health App’.
Polaris Market research has segmented the Wearable Medical Devices market report on the basis of device type, site, application, and region
Wearable Medical Device Type Outlook (Revenue – USD Million, 2016 – 2027)
- Diagnostic Devices
- Vital Sign Monitoring Devices
- Heart Rate Monitors
- Activity Monitors
- Electrocardiographs
- Pulse Oximeters
- Spirometers
- Blood Pressure Monitors
- Others
- Sleep Monitoring Devices
- Sleep trackers
- Wrist Actigraphs
- Polysomnographs
- Others
- Electrocardiographs Fetal and Obstetric Devices
- Neuro-monitoring Devices
- Electroencephalographs
- Electro-myographs
- Others
- Therapeutic Devices
- Pain Management Devices
- Neuro-stimulation Devices
- Others
- Insulin/Glucose Monitoring Devices
- Insulin Pumps
- Others
- Rehabilitation Devices
- Accelometers, Sensing Devices
- Ultrasound Platform
- Others
- Respiratory Therapy Devices
- Ventilators
- Positive Airway Pressure (PAP) Devices
- Portable Oxygen Concentrators
- Others
Wearable Medical Devices Site Outlook (Revenue – USD Million, 2016 – 2027)
- Handheld
- Headband
- Strap/Clip/Bracelet
- Shoe Sensors
- Others
Wearable Medical Devices Application Outlook (Revenue – USD Million, 2016 – 2027)
- Sports and Fitness
- Remote Patient Monitoring
- Home Healthcare
Wearable Medical Devices Regional Outlook (Revenue – USD Million, 2016 – 2027)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Austria
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Central & South America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
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The global Wearable Medical Devices market size is expected to reach USD 85.6 billion by 2027 according to a new study by Polaris Market Research.
The report “Wearable Medical Devices Market Share, Size, Trends, Industry Analysis Report, By Device Type (Diagnostic Devices, Sleep Monitoring Devices, Neuro-monitoring Devices, Therapeutic Devices, Glucose Monitoring Devices, Respiratory Therapy Devices); By Site; By Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
They incorporate non-invasive sensors, wireless transmission, real time data processing capabilities, and also provide medical feedback.
Request for a sample of this research report @ https://www.polarismarketresearch.com/industry-analysis/wearable-medical-devices-market/request-for-sample Recent developments in wearable medical devices include alert mechanisms, decision support systems, and real time analysis.
According to the study published by the International Diabetes Federation (IDF), in 2015, there were approximately 415 million diabetic people and it is expected to increase to 640 million by 2040.
Moreover, in April 2020, Scripps Research Translational Institute (SRTI) launched DETECT, under which data from activity trackers and smart watches would be integrated into public health surveillance program for proactive disease tracking and population health programs.
New York, NY 22 Sep 2021: The global Wearable Medical Devices market size is expected to reach USD 85.6 billion by 2027 according to a new study by Polaris Market Research.
The report “Wearable Medical Devices Market Share, Size, Trends, Industry Analysis Report, By Device Type (Diagnostic Devices, Sleep Monitoring Devices, Neuro-monitoring Devices, Therapeutic Devices, Glucose Monitoring Devices, Respiratory Therapy Devices); By Site; By Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.Wearable medical devices are defined as the autonomous devices worn by the individual to provide medical or fitness monitoring and support over a period of time.
They are either worn as a body accessory or being embedded in cloth or shoes.
They incorporate non-invasive sensors, wireless transmission, real time data processing capabilities, and also provide medical feedback.Recent developments in wearable medical devices include alert mechanisms, decision support systems, and real time analysis.
These wearables offer point of care, and remote management for rehabilitating individuals, disabled and chronically ill.Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/wearable-medical-devices-market/request-for-sampleThe prominent factors favoring the wearable medical devices market growth include an increase in the prevalence of lifestyle-related diseases, consumer awareness towards fitness, and advancement in technology and medical innovation with ever increasing interest of consumer electronic companies.
According to the study published by the International Diabetes Federation (IDF), in 2015, there were approximately 415 million diabetic people and it is expected to increase to 640 million by 2040.
The global Wearable Medical Devices market size is expected to reach USD 85.6 billion by 2027 according to a new study by Polaris Market ResearchWearable medical devices are defined as the autonomous devices worn by the individual to provide medical or fitness monitoring and support over a period of time.
They are either worn as a body accessory or being embedded in cloth or shoes.
They incorporate non-invasive sensors, wireless transmission, real time data processing capabilities, and also provide medical feedback.
Recent developments in wearable medical devices include alert mechanisms, decision support systems, and real time analysis.
These wearables offer point of care, and remote management for rehabilitating individuals, disabled and chronically ill. Get Sample Copy : https://www.polarismarketresearch.com/industry-analysis/wearable-medical-devices-market/request-for-sample The prominent factors favoring the wearable medical devices market growth include an increase in the prevalence of lifestyle-related diseases, consumer awareness towards fitness, and advancement in technology and medical innovation with ever increasing interest of consumer electronic companies.
With a spike in infectious diseases over the past decade, the Stanford Healthcare Innovation Lab (SHIL) set up a team to study the impact of wearables to track infectious diseases.
Global Wearable Medical Device Market is expected to reach USD 27.8 billion by 2022, according to a new report by Grand View Research, Inc.
Rising prevalence Freight Elevator Manufacturers of conditions such as obesity and hypertension, as a result of sedentary lifestyle is anticipated to boost the demand for wearable medical devices.
Additionally, growing incidences of chronic conditions, such as diabetes, which require round-the-clock monitoring, are expected to increase the demand for wearable technology.
Browse full research report on Global Wearable Medical Device Market: grandviewresearch/industry-analysis/wearable-medical-devices-marketFurther key findings from the study suggest: Diagnostic wearable medical devices held substantial share in 2014 owing to increasing usage in remote patient monitoring as well as home healthcare Therapeutic wearable devices are anticipated to exhibit remunerative growth over the forecast period.
Wearable medical devices have applications in sports & fitness monitoring, home healthcare, and remote patient monitoring.
Simplified usage of this equipment along with ability to synchronize with cellular phones as well as tablet devices assisted the growth of this segment.
The global wearable medical devices market size was valued at USD 16.6 billion in 2020.
The diagnostic and monitoring devices segment has been further sub-segmented into vital signs monitoring devices, glucose monitoring devices, sleep monitoring devices, fetal monitoring & obstetric devices, and neuromonitoring devices.
Hence, considering the various advantages that it offers, the demand for wearable medical devices is projected to boost over the forecast period.Key Player Mentioned:Philips ElectronicsFitbitBasis ScienceGarminCovidienOmron Corp.WithingsVital ConnectProduct Segment Analysis: Diagnostic DevicesSleep Monitoring DevicesTherapeutic Devices Application Segment Analysis: Sports And FitnessRemote Patient MonitoringHome HealthcareAccess Press Release @ https://www.grandviewresearch.com/press-release/global-wearable-medical-device-marketRegional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.Increasing attention on fitness is a high-impact rendering driver for the market.
Various wearable medical products and software have been developed for the management of weight and for monitoring fitness.
The regular study of these statistics helps in providing a good health plan to individuals as well as healthcare professionals.
Also, the fitness club count is seen increasing in recent years.
Global Diabetes Device Market ReportThe ‘Global Diabetes Device Market Insights, Forecast to 2026’ offers a comprehensive evaluation of the Diabetes Device market on the global scale and sheds light on the growth opportunities and prospects to help readers formulate strategic plans.
The report also offers relevant and useful information to help the new entrants and established companies strengthen their market position and formulate strategic approaches to gain a robust footing in the market.
The report offers information on the overall market trends and analyzes historical data to offer accurate forecast estimations.
The report also provides insightful data about market capacities, technological advancements, R developments, and other key features.The report is furnished with the latest market scenario and financial condition pertaining to the after-effects of the COVID-19 pandemic.
The report also studies the impact of the COVID-19 pandemic on the global supply chains and economic scenario of the industry.
It considers the COVID-19 pandemic as a key factor influencing the growth of the Diabetes Device market.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1488Key Manufacturers in the Global Diabetes Device Market:Medtronic, Insulet, Dexcom, Sanofi, Tandem, Ypsomed, Eli Lilly, Bayer Healthcare AG, Becton Dickinson and Company, Novo Nordisk A/S, Abbott Laboratories, F. Hoffman-La Roche AG and Johnson & Johnson.The report offers an in-depth analysis of the value chain, upstream and downstream factors, sales network and distribution channels, growth trends, driving and restraining factors, developments, production and consumption pattern, end-users, and regional bifurcation.
