Global Wearable Medical Devices Market report from Global Insight Services is the single authoritative source of intelligence on Wearable Medical Devices Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Wearable medical devices are devices that are worn on the body and used to monitor or deliver therapy. They are often used to track vital signs or to deliver medications. Some common examples of wearable medical devices include heart rate monitors, blood pressure cuffs, and insulin pumps.
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Key Trends
There are several key trends in wearable medical device technology.
One is the development of more sophisticated sensors. These sensors are able to collect a variety of data, including biometric data, which can be used to monitor a patient’s health.
Another trend is the development of more sophisticated algorithms. These algorithms can be used to process the data collected by the sensors and to provide information that can be used to improve a patient’s health.
Key Drivers
The key drivers of the market are the increasing prevalence of chronic diseases, the growing aging population, and the increasing adoption of fitness and wellness devices.
The rising prevalence of chronic diseases is one of the key drivers of the wearable medical devices market. According to the World Health Organization, the prevalence of chronic diseases is on the rise globally. In 2016, around 40% of the world’s population was affected by at least one chronic disease.
Market Segmentation
By Product
- Trackers
- Smartwatches
- Smart Clothing
- Others
By Application
- General Health
- Home Healthcare
- Others
By Distribution Channel
- Pharmacies
- Online Channels
- Hypermarkets
By Region
- North America
- US
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Key Players
- Philips Electronics
- Fitbit
- Basis Science
- Garmin
- Covidien
- Omron Corp
- Withings
- Vital Connect
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