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Wearable Medical Devices Market For Sports and Fitness, Remote Patient Monitoring By 2023
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About Wearable Medical Devices Market

 

The last decade has witnessed growing interest in wearable medical devices. Currently technology is combined with medicine and frequently explains how patients are diagnosed and treated. The medical devices are leader of numerous success stories. Wearable medical devices that monitor, control, track, and treat patient conditions are increasingly replacing larger equipment. Wearable medical devices are connected to a patient’s body and measure clinically appropriate information. These devices resemble eyeglasses, watch, clothing, jewelry, contact lenses, etc. Data collected from wearable medical devices can be as simple as number of steps taken in a day to complex data such as ECG measurement. This report on the global wearable medical devices market studies the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments. This section also provides the overall information and data analysis of the global wearable medical devices market with respect to the leading market segments based on type of device, application, and geography.

 

The market overview section of the report includes qualitative analysis of the overall wearable medical devices market including the factors determining the market dynamics such as drivers, restraints and opportunities, along with Porter’s Five Forces Analysis, list of FDA-approved wearable medical devices and value chain analysis. In addition, various analyses such as market attractiveness analysis by type of device and competitive landscape by key players have been provided. The market attractiveness analysis explains the intensity of competition in the market in different types of devices. The competitive scenario between market players is evaluated through market share analysis. These factors would help market players to take strategic decisions in order to strengthen their positions and expand their share in the global market.

 

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The global wearable medical devices market has been segmented based on type of device, application, and geography. Based on type of device, the wearable medical devices market has been categorized into two major segments: diagnostic and therapeutic. Diagnostic devices have been further classified into heart rate monitors, activity monitors, sleep monitor, electrocardiograph, fetal monitor and obstetric devices, and neuromonitoring devices. Therapeutic devices have been classified into vital sign monitors, pain management devices, glucose insulin monitoring devices, and respiratory therapy devices. Based on application, the global wearable medical devices market has been segmented into three types: sports and fitness, remote patient monitoring, and home health care. Market revenue in terms of US$ Mn for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 are provided for all the segments, considering 2014 as the base year.

 

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Geographically, the wearable medical devices market has been categorized into four regions: North America, Europe, Asia Pacific, and Rest of World (RoW). North America comprises the U.S. and Canada. Europe comprises Germany, the U.K., and Rest of Europe. Asia-Pacific comprises China, Japan, and Rest of Asia-Pacific. Rest of World comprises of Latin America, the Middle East, and Africa. The recommendations section included in the report would assist existing players to expand their market share and new companies to establish their presence in the wearable medical devices market. The report also profiles major players in the wearable medical devices market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Major players profiled in this report include Cleveland Medical Devices, Inc., Corventis, Inc. (Medtronic plc.), Fitbit, Inc., Intelesens Ltd., Koninklijke Philips N.V., LifeWatch AG, Nuubo, OMRON Corporation, Polar Electro, and Zephyr Performance Systems (Medtronic plc.).

 

The global wearable medical devices market has been segmented as follows:

 

Global Wearable Medical Devices Market, by Diagnostic Device

 

Wearable Vital Sign Monitors

Wearable Heart Rate Monitor

Wearable Activity Monitor

Wearable Sleep Monitor

Wearable Electrocardiographs

Others

Wearable Fetal Monitors and Obstetric Devices

Wearable Neuromonitoring Devices

Electroencephalograph

Electromyograph

 

Global Wearable Medical Devices Market, by Therapeutic Device

 

Wearable Pain Management Devices

Wearable Glucose/Insulin Monitoring Devices

Wearable Respiratory Therapy Devices

 

Global Wearable Medical Devices Market, by Application

 

Sports and Fitness

Remote Patient Monitoring

Home Health Care

 

Global Wearable Medical Devices Market, by Geography

 

North America

U.S.

Canada

Europe

U.K.

Germany

Rest of the Europe

Asia Pacific (APAC)

China

Japan

Rest of the APAC

Rest of World

Middle East

Africa

Latin America

 

Table of Content

 

Chapter 1 Preface

1.1 Report Description

1.2 Market Segmentation

1.3 Research Methodology

 

Chapter 2 Executive Summary

2.1 Wearable Medical Devices: Market Snapshot

2.2 Global Wearable Medical Devices Market Share, by Diagnostic Wearable Medical Devices, 2014 & 2023 (Value %)

2.3 Global Wearable Medical Devices: Market Snapshot

 

Chapter 3 Global Wearable Medical Devices Market– Industry Analysis

3.1 Introduction

3.2 Market Dynamics

3.2.1 Market Drivers

3.2.1.1 Large number of innovators and early adopters ensure a faster market penetration

3.2.1.2 Increasing incidence of chronic pain and high population of diabetic patients have created a strong customer base worldwide

3.2.1.3 Ease of use and interpretation of data has increased popularity among non-professional users

3.2.1.4 Emerging economies and expanding per capita income

3.2.2 Market Restraints

3.2.2.1 Cost of devices will be a restraint for market to flourish in emerging countries

3.2.2.2 Reimbursement of wearable devices poses a challenge to market development

3.2.3 Market Opportunities

3.2.3.1 Large diabetic population in Asia-Pacific

3.3 List of FDA Approved Wearable Medical Devices.

3.4 Porter’s Five Force Analysis of the Global Wearable Medical Devices Market

3.5 Value Chain Analysis: Wearable Medical Devices

3.6 Market Attractiveness Analysis – Wearable Medical Devices Market, by Types of Devices, 2014

3.7 Competitive Landscape - Global Wearable Medical Devices Market Share, by Key Players, 2014 (%)

 

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