Wearable Medical Devices Market Set for Rapid Growth During 2021-2026

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Presents a Research Report on Wearable Medical
Devices Market
The report on the Wearable Medical Devices
Market is segmented by Device Type (Diagnostic
Devices, Therapeutic Devices), Product (Activity
Monitors, Smart Watches, Smart Clothing,
Patches), Application (Sports and Fitness, Remote
Patient Monitoring, Home Healthcare), Distribution
Channel (Pharmacies, Online Channel,
Hypermarkets) and Region.


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Wearable Medical Devices Market Highlights
Drivers

• The Wearable Medical Devices Market is expected
  to grow from USD 17.4 billion in 2020 to USD 60.5
  billion by 2026 at a CAGR of over 23.7 during
  the forecast period.

• Market Dynamics
• The growth of the wearable medical devices market
  is primarily driven by increasing demand for
  remote patient monitoring devices and home
  healthcare.
• Increasing fitness consciousness among the
  consumers particularly the young generation is
  expected to propel the market growth
  significantly.
• The rising prevalence of chronic lifestyle
  diseases due to stress and unhealthy eating
  habits is expected to boost the product demand
  further.
• Moreover, growing emphasis on new innovative
  product development is likely to create lucrative
  opportunities for the players operating in the
  global wearable medical devices market during the
  review period.

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Market Insight

• Segment Analysis
• Application Trends
• Based on application, the market has been
  segmented into sports and fitness, remote patient
  monitoring, and home healthcare.
• The home healthcare segment accounted for the
  largest market share in 2020.
• Expanding geriatric population and prevalence of
  chronic diseases has resulted in increased demand
  for devices to monitor health continuously at
  home and reduce the number of frequent hospital
  visits and thus, curb healthcare expenditure.
• Regional Trends
• Geographically, the market in North America
  accounted for the largest market share in
  2020 owing to expanding geriatric population and
  increasing number of people having
  non-communicable disease due to changing
  lifestyle.
• Additionally, the high adoption rate of
  technologically advanced healthcare products
  coupled with high purchasing power is another
  important factor propelling the market growth.
• The market in the Asia-Pacific region is
  projected to register the fastest growth during
  the review period on account of the increasing
  usage of fitness devices coupled with rising per
  capita disposable income.

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Competitive Insights

• Key Players
• Koninklijke Philips N.V. (Netherlands),
• Zephyr Technology Corporation (The U.S),
• Omron Corporation (Japan),
• Sotera Wireless, Inc. (The U.S),
• Everist Health (The U.S),
• LifeWatch AG (Switzerland),
• Withings (France),
• Polar Electro Oy (Finland),
• Intelesens Ltd (UK),
• Fitbit, Inc. (The U.S),
• Vital Connect, Inc. (The U.S), and
• Garmin Ltd. (The U.S).

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Research Methodology
Data Analysis (Top Down and Bottom Up Approach)
Data Triangulation (Data Evaluation and Multiple
Data Triangulation)
Final Deliverables (Final Report with All
Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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Report Features

• This report provides market intelligence in the
  most comprehensive way. The report structure has
  been kept such that it offers maximum business
  value. It provides critical insights on the
  market dynamics and will enable strategic
  decision making for the existing market players
  as well as those willing to enter the market. The
  following are the key features of the report
• Market structure Overview, industry life cycle
  analysis, supply chain analysis.
• Market environment analysis Growth drivers and
  constraints, Porters five forces analysis, SWOT
  analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics Market share,
  product portfolio, product launches, etc.
• Attractive market segments and associated growth
  opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing
  and new players.
• Key success factors.

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