Global Wearable Medical Devices Market

The market growth of wearable medical devices is primarily driven by factors such as rising penetration of the internet and smartphone, increasing consumer spending, rising awareness for health and fitness products, technological advancements in wearable devices and so on. The global wearable medical devices market is segmented by type, by distribution channel, by device type and by application. On the basis of applications, the market is segmented into sports and fitness, remote patient monitoring, and home healthcare. Currently, the market is dominated by the sports and fitness segment. The market growth for the sports and fitness segment is driven by the availability of a wide range of products, the low cost of these products and increasing awareness among consumers for physical fitness.

Global Wearable Medical Devices Market is valued at approximately USD 8 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 17.8 % over the forecast period 2019-2026.

The regional analysis of the global Wearable Medical Devices market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing geriatric population and promptness & affordability coupled with the well-established healthcare infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising disposable income, rising incidences of injuries and improving healthcare infrastructure would create lucrative growth prospects for the Wearable Medical Devices market across the Asia-Pacific region.

Major market player included in this report are:
Fitbit, Philips, Garmin, Lifewatch, Omron, Dragerwerk, Nokia Technologies, Jawbone, Polar Electro, World Global Network, Activeinsights, Vitalconnect, Xiaomi, Misfit, Monica Healthcare
The detailed segments and sub-segment of the market are explained below:
By Type: Activity Monitors, Smartwatches, Smart Clothing, Patches

By Distribution Channel: Pharmacies, Online Channel, Hypermarkets

By Device Type: Diagnostics & Monitoring Devices, Vital Signs Monitoring Devices, Glucose Monitoring Devices, Sleep Monitoring Devices, Fatal Monitoring & Obstetric Devices, Neuromonitoring Devices, Therapeutic Devices, Pain Management Devices, Rehabilitation Devices, Respiratory Therapy Devices, Insulin Pumps

By Application: Sports & Fitness, Remote Patient Monitoring, Home Healthcare

By Region: North America, Europe, Asia Pacific, Latin America, Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

Target Audience of the Global Wearable Medical Devices Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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