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Wearable Medical Devices Market Share Report 2022-2027

Wearable Medical Devices Market Share Report 2022-2027

 

 
According to the latest report by IMARC Group, titled "Wearable Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, "The global wearable medical devices market reached a value of US$ 18.96 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 60.55 Billion by 2027, exhibiting at a CAGR of 22.2% during 2022-2027.

Wearable medical devices represent autonomous instruments that are non-invasively attached to the body to provide medical monitoring or support. They include various diagnostic devices, such as those that monitor glucose levels, vital signs, sleep, fetal well-being, the nervous system, etc., and numerous therapeutic devices for rehabilitation pain management, and respiratory therapy. Wearable medical devices consist of biosensors, controllers, and software systems for data acquisition, interpretation, transfer, and storage. They incorporate noninvasive physiological sensors, wireless data transmission capabilities, medical feedback, data processing modules, etc. Wearable medical devices also provide supporting hardware to cater to point-of-care treatments. They are extensively utilized by consumers across the globe.

Global Wearable Medical Devices Market Trends:

The expanding geriatric population, who are more susceptible to chronic diseases, is among the primary factors driving the wearable medical devices market. Apart from this, the escalating product demand across healthcare centers, on account of the sudden outbreak of the COVID-19 pandemic, is further catalyzing the market growth. Additionally, the increasing adoption of these devices for monitoring, providing feedback, rehabilitation, disease management, suggesting adequate treatments, etc., is acting as another significant growth-inducing factor.

Besides this, the inflating product utilization in monitoring physiological information, such as photoplethysmography (PPG), biopotential, blood pressure (BP), etc., is also augmenting the global market. Furthermore, the development of patches, smartwatches, and smart clothing that are integrated with the Internet of Things (IoT) to assist in monitoring various fitness parameters, including footstep count, calories burned, distance walked, etc., is anticipated to fuel the wearable medical devices market over the forecasted period.

Request Free Sample Report: https://www.imarcgroup.com/wearable-medical-devices-market/requestsample

Global Wearable Medical Devices Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Abbott Laboratories
Apple Inc.
Dexcom Inc.
Fitbit Inc. (Google LLC)
Garmin Ltd.
Honeywell International Inc.
Koninklijke Philips N.V.
Medtronic Plc
Omron Corporation and Vital Connect Inc.

The report has segmented the market on the basis on region, device type, product, application and distribution channel.

Breakup by Device Type:

Diagnostic Devices
Vital Sign Monitoring
Sleep Monitoring
Electrocardiographs and Obstetric Devices

Neuromonitoring Devices
Therapeutic Devices
Pain Management Devices
Insulin Delivery Devices
Rehabilitation Devices
Respiratory Therapy Devices

Breakup by Product:

Activity Monitors
Smartwatches
Patches
Smart Clothing
Hearing Aids
Others

Breakup by Application:

Sports and Fitness
Remote Patient Monitoring
Home Healthcare

Breakup by Distribution Channel:

Offline
Online

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

Ask Analyst for 10% free customized report: https://www.imarcgroup.com/wearable-medical-devices-market

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Other Reports By IMARC Group:

https://www.openpr.com/news/2886028/insurtech-market-overview-2022-global-industry-analysis

https://www.openpr.com/news/2886133/system-integration-market-report-2022-27-scope-share-size

https://www.openpr.com/news/2887788/central-asia-e-commerce-market-2023-industry-size-trends

https://www.openpr.com/news/2887791/india-furniture-market-size-2022-industry-insights-by-growth

https://www.openpr.com/news/2887795/commercial-seaweeds-market-industry-analysis-challenges

https://www.openpr.com/news/2887800/india-corrugated-boxes-market-analysis-2023-2028-recent

Contact Us

IMARC Group
Email: sales@imarcgroup.com
Toll Free Number: USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.


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