The Wearable Medical Devices Market Report by Device, Application, Product, Distribution Channel, and Regions; added by Stratview Research is an in-depth analysis of the present and upcoming trends, market size, status, present scenario, and upcoming technologies, market drivers, challenges, regulatory policies, with key company profiles and growth strategies of major players. The present report provides a market introduction, Wearable Medical Devices Market definition, mergers acquisitions, key financial data, regional market scope, sales and revenue by region, Industrial supply Chain, market size forecast, related tables, pie charts, graphs, figures, etc.
Market Highlights
The wearable medical devices market was estimated at USD 21.5 billion in 2021 and is likely to grow at a CAGR of 23.7% during 2022-2028 to reach USD 95.4 billion in 2028.
What are wearable medical devices?
Wearable medical devices are defined as electronic devices that can be worn by consumers which include activity monitors, smart watches, smart clothing, and patches. These devices are used to collect data on people’s exercise and monitor personal health. It has been widely used by consumers for fitness purposes.
COVID-19 IMPACT
The covid-19 outbreak impacted the growth of the market positively. The demand for home healthcare devices increased significantly to monitor individual health at home as only essential services were allowed amid the covid-19 outbreak. The number of hospital visits except for coronavirus infection declined due to fear of the virus infection.
Top players in the market
- 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).
Critical Questions Answered in the Report
- What are the key trends in the market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the market?
- What are the key strategies adopted by the major vendors to lead in the market?
- What is the market share of the top vendors?
Custom Research:
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About Us
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