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

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

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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. – PowerPoint PPT presentation

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


1
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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2
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.

3
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.

4
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).

5
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

6
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.

7
About Stratview Research
Stratview Research is a global market
intelligence firm providing high quality
syndicated reports, custom research and
consulting services.
Our Services
Why Us?
High Customer Delight
Rich Industry Experience
Robust Methodology
Effective Business Decisions
8
Contact Us for More Information and Sample Pages
Ask for Sample Pages here https//www.stratviewr
esearch.com/Request-Sample/1627/wearable-medical-d
evices-market.htmlform Email us
at sales_at_stratviewrsearch.com Call
Us 1-313-307-4176
9
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