London, UK -- (SBWIRE) -- 09/06/2018 -- All regions of the wearable medical devices market will see rapid growth between 2018 and 2022, a new report from The Business Research Company, Wearable Medical Devices Global Opportunities and Strategies To 2022, shows. The fastest-growing region in percentage terms is Asia Pacific, but all regions are growing rapidly, and the Americas, where by 2018 the wearable healthcare devices market had already reached a value twice that of Asia Pacific, will put on most growth in $ terms by 2022. Wearable medical device markets are driven by underlying factors such as the increasing prevalence of chronic diseases due to population aging and unhealthy lifestyles, and rising disposable incomes in emerging economies making such products affordable. An increasing need for cost-effective diagnosis and treatment - in particular in the case of cardiovascular disease management - also supports the growth of this market. Again, the growth of the consumer wearable devices market, such as the smart watches market and the smart glasses market, which mean that more people are familiar with wearable devices of all kinds, helps give the medical wearable devices market traction. Restraints include privacy issues over sensitive patient data and a stringent regulatory environment in many countries.
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Sales of the wearable medical devices industry products are segmented into the diagnostic wearables devices market and the therapeutic wearable devices market. The diagnostic wearable devices market is the larger segment of the wearable medical devices market, worth nearly twice the wearable therapeutic devices market in 2017.
Wearable medical devices are small electronic products, often consisting of one or more wearable sensors, that have computational capability. They are embedded into items that are attached to body parts such as the head, feet, arms, wrists and waist. They can resemble a watch, eyeglasses, clothing, contact lenses, shoes or even jewellery. Straps are currently the most popular way of wearing a medical device, and this segment of the market is growing rapidly, but so are two other segments, the smart headband devices market and smart shoe sensor market, while the smart handheld devices market is also growing, but a little less fast.
Wearable Medical Devices Global Opportunities and Strategies To 2022 is one of a new series of industry report from The Business Research Company that provide a market overview, analysis and forecasts of market size and industry statistics, market growth rates, market trends, market drivers, market restraints, market revenues, market shares and company profiles of the leading competitors in over 300 industry reports, covering over 2400 market segments and 60 geographies. The industry reports draw on 150,000 datasets. Extensive secondary research is augmented with exclusive insights and quotations from industry leaders obtained through interviews. Market analysis and forecasts are provided by a highly experienced and expert team of analysts and modellers.
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Where To Learn More
Read Wearable Medical Devices Global Market Opportunities And Strategies To 2022 from The Business Research Company for information on the following:
Markets Covered: Consumer Wearable Market, Non-Consumer Wearable Market.
Data Segmentations: Wearable Medical Devices global and regional total, and consumer and non-consumer wearable 2014-22 market size and growth rates.
Wearable Medical Devices Organizations Covered: Koninklijke Philips N.V., Omron Corporation, Zephyr Technology Corporation (a part of Medtronic), Fitbit Inc., Johnson and Johnson, Boston Scientific Corporation, LifeWatch AG.
Regions: North America, Europe, Asia Pacific, ROW (Rest of world)
Time Series: 2014-16 actuals, 2017 estimates, 2018-22 forecasts.
Other Information And Analyses: Porter's Five Forces Analysis for global wearable medical devices market, value chain analysis, market indicators, wearable technology facts, market drivers, market challenges, market opportunities, company overview, business strategy, financial overview, products and services, SWOT analysis, recent developments, key executives for seven leading global wearable medical devices manufacturers.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Number of Figures: 37
Number of Tables: 27
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