Wearable Medical Device Market Advances, Behavior, Challenges, Opportunities, Top Businesses and Forecast 2028 – Industrial Computing

DBMR has added a new report titled Wearable Medical Device Market with data tables for historical and forecast years represented by discussion and graphs spread across pages with easy to understand detailed analysis. This research report saves time while adding credibility to the work that ruins business development. The report assists all sizes of organizations by providing informed choices on different perspectives regarding business. This statistical survey report contains an available section and all its related organizations with their profiles, which gives important information related to their perspective regarding accounts, article portfolios, growth strategies and methodologies presentation and business. The report is exceptionally valuable for associations in every business circle to establish better choices, to answer even the most difficult business questions and thus decrease the risk of disappointment.

This report focuses on scientific market classification, local examination, opportunity assessment, and vendor survey to help in-depth assessment of the global market. This review will help advertising members have a good understanding of future market and industry improvement. The critical findings and suggestions in this report highlight important moderate industry models in the global market, thereby enabling market players across the value chain to foster successful long-haul methodologies. Features related to key business needs help organizations realign their business methodologies. To make the review report comprehensive, Porter’s Five Powers Investigation and SWOT Review has been used in a viable fashion.

wearable medical device market registers a healthy CAGR of 23.80% during the forecast period 2019-2026. This market increase can be attributed to the growing demand for wireless connectivity among healthcare providers and the continuous advancements in technology.

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Market Definition: Global Wearable Medical Device Market

Wearable medical devices can be referred to as non-invasive, self-contained devices capable of performing particular medical tasks. These medical tasks involve medical follow-up or support over time. One of the main purposes of portable medical devices is to collect data on the physical form of the individual. These devices are used to monitor walking distance, calorie consumption, sleep, and heart rate.

Competitive analysis:

The global wearable medical device market is highly fragmented and major players have used various strategies such as new product launches, extensions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprint in this market. The report includes the market share of the portable medical devices market for the world, Europe, North America, Asia-Pacific, South America, Middle East & Africa.

Key market competitors:

Few of the major market competitors currently working in the global wearable medical device market are Fitbit, Inc., Koninklijke Philips NV, Garmin Ltd., BioTelemetry, Inc, Omron Healthcare, Inc, Drägerwerk AG & Co. KGaA, Nokia, General Electric Company, Misfit, Xiaomi, VitalConnect, Activinsights Ltd., World Global Network, Polar Electro, Aliph Brands LLC, Pebble Technology International, Sotera Wireless, Inc., Everist Health, Withings, Intelesens Ltd, among others.

Global Wearable Medical Devices Market by Type (Activity Monitors, Smart Watches, Smart Clothing, Patches), Distribution Channel (Pharmacies, Online Channel, Hypermarkets), Device Type (Diagnostic and Monitoring Devices, Therapeutic Devices ), Application (Sports & Fitness, Remote Patient Monitoring, Home Health Care), Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa) – Industry Trends and Forecasts until 2026

Key developments in the market:

  • In February 2019, VivaLNK launched the IoT-enabled medical wearable sensor platform for continuous patient monitoring. It has advanced computer technologies, a range of sensors and an internal data cloud. It captures human biometrics and vital signs, and delivers patient data to advanced computing devices and the cloud, for analysis and application integration. This product launch will expand the company’s product portfolio and increase its market share.
  • In January 2019, Omron Healthcare launched HeartGuide. It is a portable blood pressure monitor. It can measure blood pressure using oscillometric technology. It can store up to 100 readings in memory and each data can be sent to a new alternative mobile app, HeartAdvisor. This product launch will expand the company’s product portfolio and position the company as a market leader.

Market factors

  • Rising Incidence of Chronic Diseases Drives Market Growth
  • Continuous advancements in technology help the market to grow
  • Growing demand for wireless connectivity among healthcare providers is driving market growth
  • Rising Fitness Awareness Drives Market Growth

Market constraints

  • Expensive wearable devices hamper market growth
  • Data security concerns act as a market constraint

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Segmentation: Global Wearable Medical Device Market

By type

  • Activity monitors
  • Smartwatches
  • Smart clothes
  • Patches

By distribution channel

  • Pharmacies
  • Online channel
  • Hypermarkets

By device type

  • Diagnostic and monitoring devices
    • Vital signs monitoring devices
      • Heart rate monitors
      • Pulse oximeters
      • Blood pressure monitors
    • Glucose monitoring devices
    • Sleep monitoring devices
    • Fetal monitoring and obstetric devices
    • Neuromonitoring devices
  • Therapeutic devices
    • Pain management devices
    • Rehabilitation devices
    • Respiratory therapy devices
    • Insulin pumps

By application

  • Sports and fitness
  • Remote patient monitoring
  • Home care

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Reasons to buy this report

  • Current and future outlook of the global portable medical devices market in developed and emerging markets
  • The segment which is expected to dominate the market as well as the segment which holds the highest CAGR during the forecast period
  • Regions / countries expected to experience the fastest growth rates during the forecast period
  • The latest developments, market shares and strategies used by major market players

Customization of the report:

  • All of the segmentations provided above in this report are represented at country level.
  • All products covered in the marketplace, product volume and average selling prices will be included as customizable options which may result in little or no additional costs (depending on the customization)

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