Wearable Medical Devices Market

The report " Technological Advancements and Increasing Focus on Physical Fitness to Drive Wearable Medical Devices Market’’ by Application (Diagnostic (Heart, Pulse, BP, Sleep, Fetal), Therapeutic (Pain, Insulin)), End Use (Sports, Fitness, RPM), Type (Smart watch, Patch), Distribution Channel (Pharmacy, Hypermarket) - Forecast to 2021", The global wearable medical device market, in terms of value, is projected to reach 12.14 Billion by 2021 from USD 5.31 Billion in 2016, at a CAGR of 18.0% during the forecast period.

                    

Browse 124 market data tables and 32 figures spread through 159 pages and in-depth TOC on “Technological Advancements and Increasing Focus on Physical Fitness to Drive Wearable Medical Devices Market’’

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Industry Insights:

The wearable medical services market is segmented based on type, distribution channel, end use, application, and regions. The wearable medical device, by type segment is expected to provide growth opportunities for market players in the forecast period. On the basis of type, the wearable medical devices market is segmented into activity monitors, smartwatches, smart clothing, and patches. Activity monitors are expected to account for a major share of the market. The large share of this segment can be attributed to factors such as increasing health concerns, increasingly sedentary and unhealthy lifestyles, and growing awareness about health and fitness.

Factors driving the growth in this segment majorly comprises of increasing health concerns, increasingly sedentary and unhealthy lifestyles, and growing awareness about health and fitness.

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Geographical Scenario

The market is dominated by North America, followed by Asia, Europe, and the Rest of the World. While North America is expected to dominate the market in 2016, Asia is expected to grow at the highest CAGR during the forecast period.  The high growth in this market is attributed to of developed infrastructure and the focus on technological advancement and development of interconnected and highly advanced healthcare apps and compatible devices.

North America is expected to dominate the market in 2016, with the U.S. accounting for a major share. However, Asia is expected to grow at the highest CAGR during the forecast period, The high growth in this market is attributed to of developed infrastructure and the focus on technological advancement and development of interconnected and highly advanced healthcare apps and compatible devices.

Industry Leaders

Prominent players in the market include Fitbit Inc. (U.S.), Philips Healthcare (Netherlands), Garmin Ltd. (Switzerland), LifeWatch AG. (Switzerland), Omron Corporation (Japan), Drägerwerk AG & Co. KGaA (U.S.), Withings SA.(France), Jawbone Inc. (U.S.) and Polar Electro Oy (Finland).

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Market Stakeholders:

·         Medical image management software providers

·         Diagnostic imaging equipment vendors/service providers

·         Standalone image management software/workstation providers

·         Healthcare IT service providers

·         Research and consulting firms

·         Diagnostic imaging centers

·         Hospitals

·         Venture capitalists

·         Government agencies

·         Market research and consulting firms

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