According to research report the global medical wearables market is projected to reach USD 19.5 billion by 2025 from USD 7.4 billion in 2020, at a high CAGR of 21.4%
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52426876
The growing adoption of smartphones, increasing penetration of 3G/4G networks, growing geriatric population, and rising focus on cost containment in healthcare delivery are driving the greater uptake of mobile technologies.
The Patches product segment accounted for the largest share of the Medical Wearable market in 2019
Based on product type, the patches segment accounted for the largest share of the Clinical Wearable Market in 2019. The large share of this segment can be there have been significant technological advancements in medical wearable devices, which have helped improve the treatment outcomes for patients. Growing use of high-tech devices that are compact, user-friendly, and come with a better graphical user interface for easy visibility of resulted data are helping to increase the market penetration of clinical-grade wearables. These wearables are playing an integral role in treating and monitoring various medical conditions in patients and driving better health outcomes.
The vital sign monitoring device segment accounted for the largest share of the Clinical-Grade Wearable market in 2019
Based on device type, the vital sign monitoring segment accounted for the largest share of the Clinical Wearable Market in 2019. The large share of this segment can be attributed to the high and growing penetration of smartphones and significant technological advancements in medical wearable devices, which have helped improve the treatment outcomes for patients. Population aging is poised to become one of the most significant social transformations of the twenty-first century, with implications for nearly all sectors of society, including labor and financial markets, the demand for goods and services, such as housing, transportation and social protection, as well as family structures and intergenerational ties.
The Long-term care centers, nursing homes, and assisted-living facilities segment accounted for the largest share and highest growth of the Clinical-Grade Wearable market in 2019
Based on the Clinical grade wearables market by end-user, the end-user is segmented into Long-term Care Centers/ Assisted Living Facilities/Nursing Homes, Hospitals, Ambulatory Care Centers, and Home/Patients. In 2019, the Long-term Care Centers/ Assisted Living Facilities/Nursing Homes accounted for the largest share and highest growth of the Medical Wearable market. New communication technologies majorly drive growth in this market segment are supporting the transition of healthcare delivery from institution-centric frameworks to patient-centric care. The number of long-term care centers, assisted-living facilities, and nursing homes is increasing due to the growing geriatric population, the rising prevalence of chronic diseases, and the increasing healthcare expenditure.
Based on the region, North America accounted for the largest share of the Clinical-Grade Wearable market in 2019
Based on region, the Medical Wearable market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest market share in 2019. This is due to the increasing penetration of smartphones, rising prevalence of chronic and lifestyle disorders, increasing healthcare costs, increasing demand for better healthcare services, government initiatives to promote digital health, robust penetration of 3G and 4G networks, and the rising awareness of self-health management.
Request For Report Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=52426876
The prominent players in the medical wearables 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), Cyrcardia Asia Limited (Hong Kong ), ten3T healthcare (India), VivaLnk, Inc.(US).
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
[email protected]
Medical Wearables Market Growth By Device, Product and End User - Forecast 2025
Global Pet Wearables MarketThe GMI Research forecasts that the Pet Wearables Market is witnessing an upsurge in demand over the forecast period.
This is mainly due to technological advancements in sensor technologies, rising demand for pet monitoring, aggravating consciousness about pet's physical and mental fitness, and increasing espousal of this technology for the safety and security of pets.Request a FREE Sample of Pet Wearables Market.Introduction of the Pet Wearables MarketPet wearables refer to the tools worn on the pet's body to cater to different functions, including identification, supervision, medical treatment, controlling, facilitation, and safety.
These devices mainly include smart trackers and monitors lodged in small gadgets.Key Players of the Global Pet Wearables Market:PetPace LLCLoc8tor Ltd.Garmin Ltd.FitbarAvid Identification Systems, Inc.SCR Engineers LTD.Intervet International B.V.Invisible FenceLink My PetDatamarsPet Wearables Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)The augmenting expenditure on pets resulted from the mounting disposable incomes across emerging countries, and the ongoing technological innovations in communication and sensor technologies are the prominent drivers responsible for the growth of the global pet wearables market.
In addition, the integration of technologies, including radio frequency identification (RFID) and GPS, to improve the wellbeing of companion animals and the changing preference of individuals towards pet adoption as partners for fitness, mental stability, and entertainment has further strengthened the market size.
These devices allow the pet owners to administer the fitness of their pets as they record data for food intake, heart, and respiratory rate will supplement the market growth.
Additionally, the rapid adoption of wearing technologies owing to their extensive applications, including supervising behavior, locating & tracking, identifying medical issues, and safety & protection of pets, further contributes to the market growth.Application Segment DriversOn the basis of the application, identification & tracking are projected to experience a significant demand in the next few years.
An increasing number of individuals afflicted with chronic illnesses create the demand for disease management & continuous patient monitoring tools thereby boosting the demand for connected health devices in the coming years.The global connected health and wellness devices market is expected to reach USD 612.0 billion by 2024, according to a new report by Grand View Research, Inc.
The demand for wearable medical devices and remote patient monitoring systems is anticipated to increase over the forecast period due to the shifting consumer preferences towards a healthier lifestyle thus driving the market growth in the coming years.
The rising emphasis on the development of advanced healthcare solutions coupled with the sufficient availability of funds is expected to boost the R investments in the connected health & wellness devices market.
For instance, the government organizations, such as Healthcare Research and Quality (AHRQ), offer funds to expand the health information systems in the U.S., which is expected to further fuel the industry growth in this region.Further key findings from the study suggest:The healthcare analytics segment is expected to show lucrative growth over the forecast period owing to the rising pressure on hospitals to curb the spiraling healthcare costs, the availability of big data analytics, and the penetration of electronic health record systems in medical settings.
The growing need to improve value-based outcomes in the healthcare sector and the adoption of the patient-centric approach are the factors propelling the segment’s growth.The wellness product segment is anticipated to grow lucratively at a CAGR of 23.8% due to the availability of advanced products, such as GPS smart watches, which help in the monitoring of various parameters including physical activity, respiratory rate, and pulse rate and are additionally equipped with cloud connectivity.In addition, the introduction of technologically advanced personal medical devices is expected to contribute towards the growth of the overall market in the next seven years.
In addition, the rise in the preference of geriatric patients towards home healthcare creates the demand for connected health & wellness devices over the forecast periodIn 2015, North America held a substantial share of the overall market at over 38.6%, which is attributed to the presence of favorable reimbursement policies and a large population using wearable medical devices.
The global portable medical devices market size is expected to reach USD 85.3 billion by 2025.
It is anticipated to expand at a CAGR 8.7% over the forecast period, according to a new report by Grand View Research, Inc.
The market is majorly driven by increasing adoption of portable therapeutics, diagnostics, and monitoring devices in healthcare facilities.
Growing usage of small, lightweight, and handheld devices such as spirometers that help in diagnosing the respiratory diseases is anticipated to provide a significant traction to global market in the forthcoming years.Furthermore, upward trend of preventive healthcare and subsequently rising adoption of smart wearables are among other factors boosting growth of the market for portable medical devices.
Fitness trackers and smart watches exhibit features that offer healthcare benefits.
Wearables compute data from day to day activities of users.
Smart wearable devices are used to monitor health-related factors and to provide insights into users' vitals.
These devices have sensors and display screens and require a power source to function.
Smart wearables use different types of batteries as their power source.Global Batteries Market for Smart Wearable to grow at a CAGR of 27.95% during the period 2018-2022.Request sample copy of Batteries Market for Smart Wearable report at: http://orbisresearch.com/contacts/request-sample/2163960 The report covers the present scenario and the growth prospects of the global batteries market for smart wearables for 2018-2022.
To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography: AmericasAPACEMEAGlobal Batteries Market for Smart Wearables 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.Read more details of the report at: http://orbisresearch.com/reports/index/global-batteries-market-for-smart-wearables-2018-2022 Key vendors EnfucellGuangzhou Fullriver Battery New TechnologyLG ChemPanasonicSMASUNG SDIMarket driver Raising capital for product development via crowdfunding campaignsFor a full, detailed list, view our reportMarket challenge Low battery lifeFor a full, detailed list, view our reportMarket trend Advances in next generation rechargeable batteriesFor a full, detailed list, view our reportKey questions answered in this report What will the market size be in 2022 and what will the growth rate be?What are the key market trends?What is driving this market?What are the challenges to market growth?Who are the key vendors in this market space?You can request one free hour of our analyst’s time when you purchase this market report.
The global portable medical devices market size is expected to reach USD 85.3 billion by 2025.
It is anticipated to expand at a CAGR 8.7% over the forecast period, according to a new report by Grand View Research, Inc.
The market is majorly driven by increasing adoption of portable therapeutics, diagnostics, and monitoring devices in healthcare facilities.
Growing usage of small, lightweight, and handheld devices such as spirometers that help in diagnosing the respiratory diseases is anticipated to provide a significant traction to global market in the forthcoming years.Furthermore, upward trend of preventive healthcare and subsequently rising adoption of smart wearables are among other factors boosting growth of the market for portable medical devices.
Fitness trackers and smart watches exhibit features that offer healthcare benefits.
Wearables compute data from day to day activities of users.
Global Pet Wearables MarketThe GMI Research forecasts that the Pet Wearables Market is witnessing an upsurge in demand over the forecast period.
This is mainly due to technological advancements in sensor technologies, rising demand for pet monitoring, aggravating consciousness about pet's physical and mental fitness, and increasing espousal of this technology for the safety and security of pets.Request a FREE Sample of Pet Wearables Market.Introduction of the Pet Wearables MarketPet wearables refer to the tools worn on the pet's body to cater to different functions, including identification, supervision, medical treatment, controlling, facilitation, and safety.
These devices mainly include smart trackers and monitors lodged in small gadgets.Key Players of the Global Pet Wearables Market:PetPace LLCLoc8tor Ltd.Garmin Ltd.FitbarAvid Identification Systems, Inc.SCR Engineers LTD.Intervet International B.V.Invisible FenceLink My PetDatamarsPet Wearables Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)The augmenting expenditure on pets resulted from the mounting disposable incomes across emerging countries, and the ongoing technological innovations in communication and sensor technologies are the prominent drivers responsible for the growth of the global pet wearables market.
In addition, the integration of technologies, including radio frequency identification (RFID) and GPS, to improve the wellbeing of companion animals and the changing preference of individuals towards pet adoption as partners for fitness, mental stability, and entertainment has further strengthened the market size.
These devices allow the pet owners to administer the fitness of their pets as they record data for food intake, heart, and respiratory rate will supplement the market growth.
Additionally, the rapid adoption of wearing technologies owing to their extensive applications, including supervising behavior, locating & tracking, identifying medical issues, and safety & protection of pets, further contributes to the market growth.Application Segment DriversOn the basis of the application, identification & tracking are projected to experience a significant demand in the next few years.
Smart wearable devices are used to monitor health-related factors and to provide insights into users' vitals.
These devices have sensors and display screens and require a power source to function.
Smart wearables use different types of batteries as their power source.Global Batteries Market for Smart Wearable to grow at a CAGR of 27.95% during the period 2018-2022.Request sample copy of Batteries Market for Smart Wearable report at: http://orbisresearch.com/contacts/request-sample/2163960 The report covers the present scenario and the growth prospects of the global batteries market for smart wearables for 2018-2022.
To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography: AmericasAPACEMEAGlobal Batteries Market for Smart Wearables 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.Read more details of the report at: http://orbisresearch.com/reports/index/global-batteries-market-for-smart-wearables-2018-2022 Key vendors EnfucellGuangzhou Fullriver Battery New TechnologyLG ChemPanasonicSMASUNG SDIMarket driver Raising capital for product development via crowdfunding campaignsFor a full, detailed list, view our reportMarket challenge Low battery lifeFor a full, detailed list, view our reportMarket trend Advances in next generation rechargeable batteriesFor a full, detailed list, view our reportKey questions answered in this report What will the market size be in 2022 and what will the growth rate be?What are the key market trends?What is driving this market?What are the challenges to market growth?Who are the key vendors in this market space?You can request one free hour of our analyst’s time when you purchase this market report.
An increasing number of individuals afflicted with chronic illnesses create the demand for disease management & continuous patient monitoring tools thereby boosting the demand for connected health devices in the coming years.The global connected health and wellness devices market is expected to reach USD 612.0 billion by 2024, according to a new report by Grand View Research, Inc.
The demand for wearable medical devices and remote patient monitoring systems is anticipated to increase over the forecast period due to the shifting consumer preferences towards a healthier lifestyle thus driving the market growth in the coming years.
The rising emphasis on the development of advanced healthcare solutions coupled with the sufficient availability of funds is expected to boost the R investments in the connected health & wellness devices market.
For instance, the government organizations, such as Healthcare Research and Quality (AHRQ), offer funds to expand the health information systems in the U.S., which is expected to further fuel the industry growth in this region.Further key findings from the study suggest:The healthcare analytics segment is expected to show lucrative growth over the forecast period owing to the rising pressure on hospitals to curb the spiraling healthcare costs, the availability of big data analytics, and the penetration of electronic health record systems in medical settings.
The growing need to improve value-based outcomes in the healthcare sector and the adoption of the patient-centric approach are the factors propelling the segment’s growth.The wellness product segment is anticipated to grow lucratively at a CAGR of 23.8% due to the availability of advanced products, such as GPS smart watches, which help in the monitoring of various parameters including physical activity, respiratory rate, and pulse rate and are additionally equipped with cloud connectivity.In addition, the introduction of technologically advanced personal medical devices is expected to contribute towards the growth of the overall market in the next seven years.
In addition, the rise in the preference of geriatric patients towards home healthcare creates the demand for connected health & wellness devices over the forecast periodIn 2015, North America held a substantial share of the overall market at over 38.6%, which is attributed to the presence of favorable reimbursement policies and a large population using wearable medical devices.