This report provides detailed historical analysis of global market for Medical Wearable from 2014-2019, and provides extensive market forecasts from 2020-2027 by region/country and subsectors.
Vancouver, BC -- (SBWIRE) -- 01/22/2021 -- Market Size – USD 7.37 Billion in 2019, Market Growth - CAGR of 21.5%, Market trends –Advancement in Technology.
Medical wearables are the technological or electrical devices that consumers wear to give the data of their health and exercise. They can be innovative solutions to healthcare problems. In medical wearable technology, some of the applications are used to prevent specific diseases and maintenance of overall health. These devices can determine consumers' weight control, heart rate, etc., so they can directly impact decision making by medical experts. Medical wearable devices can improve the health of patients. During the forecast period, by 2027, the global medical wearable market is expected to reach USD 34.89 billion, and is projected to grow at a CAGR of 21.5%.
Scope Of The Report
This extensive analysis sheds light on an array of intangible aspects connected with the business such as important definitions, end use and total revenue garnered across different regions. The researcher has taken a conscious effort to get a closer look at some of the top performers of the Medical Wearable industry. Other essential aspects evaluated during research include import and export, demand and supply, distribution channel, gross margin and supply chain management. To add more credibility to the research the study examines the winning strategies adopted by the prominent vendors to maintain competitive edge worldwide. Vital statistics on the business performance is projected using self-explanatory resources charts, tables and graphic images.
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Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market's growth?
Key participants include Koninklijke Philips N.V., Medtronic Plc, Omron Healthcare Co., Ltd., Biotelemetry, Inc., Apple, Inc., GE Healthcare, Abbott Laboratories, Dexcom, Inc., Irhythm Technologies, Inc., and Masimo Corporation, among others.
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Medical Wearable Market: Market Drivers
In 2019, the global medical wearable market size was estimated at USD 7.73 billion. The rise of the global market is dependent upon various factors. One such major factor is the health consciousness of youth. Moreover, the rising obese population is propelling the demand for such devices in the market. Other factors fueling market growth are the accurate and fast delivery of results and advancement in technology. These products are also easy-to-use. In developing nations, the growth of per capita income is also driving sales.
Medical Wearable Market: Regional Outlook
The highest CAGR is recorded by the Asia Pacific region owing to technological advancements in emerging nations. The increase in the use of technologically advanced devices in clinics and hospitals will boost the market growth in developing nations. Additionally, North America is generating big revenue in the global market.
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Market Segment by Regions, regional analysis covers
North America (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)
Product Outlook (Revenue, USD Billion; 2017-2027)
Wristband and Activity Monitors
Others (Clothing, glasses, others)
Device Type Outlook (Revenue, USD Billion; 2017-2027)
Vital Signs Monitoring Devices
ECG /Holter Heart Rate Monitors
Blood Pressure Monitors
Glucose Monitoring Devices
Sleep Apnea Monitors
Fetal Monitoring Devices
Neurological Monitoring Devices
End-User Outlook (Revenue, USD Billion; 2017-2027)
Hospitals & Clinics
Nursing Homes, Assisted Living Facilities, Long-term Care Centers
Home Care Settings
Ambulatory Care Centers
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
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
184.108.40.206. Advent of technologically advanced products
220.127.116.11. Increasing awareness of fitness and incidence of lifestyle disorders
4.2.3. Market restraints analysis
18.104.22.168. 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
5.1.2. Wristband and Activity Monitors
5.1.4. Others (Clothing, glasses, others)
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