Title: Wearable Medical Devices Market Size, Growth Analysis Report, Forecast to 2031 | Siemens AG, Medtronic plc, Animas Corporation, Panasonic Corporation, Rest Devices Inc.
1Wearable Medical Devices Market Complete
Analytical Report for 2031 with Key Players-
Medtronic plc, Bayer AG, Animas Corporation,
Fitbit Inc. and Others
Report Id REP-GB-826 Published On
26-Apr-2021 Category Healthcare,
Pharmaceuticals Medical Devices
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4Wearable Medical Devices Market Analysis
ESOMAR-certified consulting firm Future Market
Insights' report has projected the global
wearable medical devices market to grow at a
healthy CAGR between 2021 and 2031. Rising
prevalence of diabetes and cardiovascular disease
have been fuelling the demand of wearable devices
across the globe. Innovations in
biopharmaceutical industry and rising prevalence
of chronic diseases such as diabetes are favoring
the market growth. Surging consumer demand for
health and fitness solutions and technological
developments in the medical field are major
factors bolstering the demand for wearable
therapeutic medical devices. Integration of
artificial intelligence with the smartphones and
wearable medical devices have increased the
adoption, furthering the demand. Burgeoning cases
of diabetes across the glove have improved the
adoption of glucose monitoring devices,
especially among the geriatric population. Also,
due to the penetration of online platforms and
increasing awareness about health, the demand for
home healthcare wearable medical devices have
increased exponentially. Furthermore, increasing
expenditure in the healthcare industry across
countries such as India, US, China, and UK have
propelled the market demand.
5Wearable Medical Devices Market Analysis
- According to the latest insights of Future Market
Insights, the global wearable devices market is
poised to expand at over 7 CAGR throughout the
forecast period of 2021 and 2031. - "Growing demand for portable and advanced medical
devices to monitor the glucose level and heart
rate, due to the increasing cardiovascular
diseases and diabetes cases, has been encouraging
manufacturers to incorporate technologies such as
artificial intelligence and Internet of Thinking
(IoT). This will pave way for the expansion of
the wearable devices market over the forecast
period," says the FMI analyst - For more Insights into the Market, Request a
Sample of this Report https//www.futuremarketinsi
ghts.com/reports/sample/rep-gb-826 - Key Takeaways
- Wearable therapeutic medical devices accounted
for more than 50 of global market share in terms
of product type - Home healthcare wearable devices segment is
expected to be the largest contributor in the
market revenue, accounting for over 60 of market
share - Clinics are anticipated to be the primary
distribution channel for wearable medical devices
market, followed by hospital pharmacies
6Wearable Medical Devices Market Analysis
- Increased healthcare expenditure across the U.S.
are expected to foster the wearable devices sales - Germany is expected to lead the Europe's wearable
medical devices market through 2021 - Favorable policies and high investment in the
medical field across China are expected to
bolster market growth - Competitive Landscape
- Future Market Insights projects the market is
moderately consolidated with the leading players
focused on product innovation and new launches to
maintain a strong foothold in the industry.
Strategic mergers, collaborations and acquisition
are some of the other few strategies to solidify
their position in the industry. - In May 2021, Nemaura Medical Inc. announced the
purchase of 5000 sugarBEAT transmitters and
200,000 sugarBEAT sensors from a leading company
in UK, DB Ethitronix Ltd., that launched
sugarBEAT non-invasive daily wear glucose
monitoring device in UK. - Some of the prominent wearable medical devices
manufacturers profiled by FMI are
7Wearable Medical Devices Market Analysis
- Siemens AG
- Medtronic PLC
- Bayer AG
- Fitbit Inc.
- Animas Corporation
- Panasonic Corporation
- Smiths Medical
- Johnson Johnson
- Owlet Baby Care
- Koninklijke Philips NV
- Hoffmann-La Roche Ltd.
- OMRON Corporation
- Rest Devices Inc.
- Get Customization on this Report for Specific
Country https//www.futuremarketinsights.com/custo
mization-available/rep-gb-826 - More Insights on the Global Wearable medical
devices Market
8Wearable Medical Devices Market Analysis
- Future Market Insights, in its latest study,
provides an unbiased analysis of the wearable
medical devices market, presenting historical
demand data (2016-2020) and forecast statistics
for the period from 2021-2031. - The study divulges compelling insights on the
wearable medical devices market with a detailed
segmentation on the basis of - Product Type
- Wearable Monitoring and Diagnostic Devices
- Fetal and Obstetric Devices
- Wearable Fetal Monitors
- Infant Motion Sensing Monitors
- Continuous Glucose Monitoring Devices
- Cardiac Monitoring Devices
- Wearable Heart Rate Monitors
- Wearable Pulse Oximeters
- Wearable Blood Pressure Monitors
- Wearable Therapeutic Medical Devices
9Wearable Medical Devices Market Analysis
- Hearing Aid
- Insulin Pump
- Respiratory Therapy Devices
- Sleep Apnea Devices
- Non-invasive Ventilation
- Health Fitness Devices
- Application
- Patient Monitoring
- Home Healthcare
- Health and Fitness
- Distribution Channel
- Hospital Pharmacies
- Clinics
- Online Channels
- Hypermarkets
10Wearable Medical Devices Market Analysis
- Region
- North America
- Latin America
- Eastern Europe
- Western Europe
- Japan
- The Asia Pacific excluding Japan
- Middle East and Africa
- For any Queries Linked with the Report, Ask
an Analyst_at_ https//www.futuremarketinsights.com/a
sk-question/rep-gb-826 - Key Questions Covered in the Report
- How will the market for wearable medical devices
will expand through 2031? - Which top companies are leading the global
wearable medical devices market? - What are the key drivers and trends that will
stimulate the wearable medical devices sales?
11Wearable Medical Devices Market Analysis
- What are the challenges that will affect the
sales of wearable medical devices market? - Which region will remain the most lucrative
throughout the forecast period? - What is the impact of Covid-19 on wearable
medical devices market?
For more insights on the Wearable Medical Devices
Market,you can request a report sample with full
TOC
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