Wearable medical devices consist of sensors attached to the body, which detects and monitor changes in different parts of body and organ. Increase in awareness and health facilities and advancement in technology and innovation in the devices are some of the factors propelling the wearable medical devices market growth. Smart watch, wristband, and smartphones are some of the wearable medical devices which are targeted by the companies. This is owing to factors such as their high demand and user friendly approach, and it also reduces hospital-based expenditure. In near future medical technology is expected to play a major role in healthcare services. These wearable medical devices help pharmaceutical companies in conducting valuable clinical trials. Wearable medical devices can also help in detection of early symptoms of some diseases .Wearable medical devices are available in wide range with different functions such as alerting mechanism, real-time feedback, and wireless data transmission.
Market Dynamics
Increasing number of product launches of medical devices is expected to drive the market growth over the forecast period. For instance, on August 11, 2022, Oticon, a hearing aid manufacturer launched ‘the Power of the Groundbreaking Polaris Platform’ to its new custom hearing range designed to provide optimum comfort. This small in the ear design is invisible to 9 out of 10 users, this has been made possible through advanced miniaturization technique. This new hearing aid comes with customized fitting and can be fitted to level 90. More users can really choose to have an in-the-ear (ITE) style due to the smaller shape, which allows experts to accommodate more ears.
Key features of the study:
- This report provides an in-depth analysis of the global wearable medical devices market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global wearable medical devices market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Current Health, Sorrel Medical, Willow, Aeroflow Breastpumps, Medtronic plc, Hoffmann-La Roche Ltd., Koninklijke Philips N.V., Smiths Medical, Johnson and Johnson, Siemens AG, Fitbit Inc., Sonova, Panasonic Corporation, Fitbit, Garmin International, Lifewatch AG, Apple Inc. Omron Corporation, Xiaomi Inc., Huawei Technologies Co. Ltd., Dragerwerk AG, Nokia Technologie,s Nymi Inc., Noise, Zepp Health Corporation, Fastrack, SAMSUNG, Wearable X, Ambiotex, Komodo Technologies, Carre Technologies Inc., Siren.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global wearable medical devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wearable medical devices market
Detailed Segmentation:
- Global Wearable Medical Devices Market, By Product Type:
- Wearable Therapeutic Medical Devices
- Hearing Aids
- Insulin Pump
- Respiratory Therapy Devices
- Sleep Apnea Devices
- Non-invasive Ventilation Devices
- Wearable Monitoring and Diagnostic Devices
- Fetal and Obstetric Devices
- Continuous Glucose Monitoring Devices
- Cardiac Monitoring Devices
- Wearable Heart Rate Monitors
- Wearable Pulse Oximeter
- Wearable Blood Pressure Monitor
- Health and Fitness Devices
- Global Wearable Medical Devices Market, By Application:
- Patient Monitoring
- Health & Fitness
- Home Healthcare
- Global Wearable Medical Devices Market, By End User
- Clinics
- Hospital Pharmacies
- Online Channels
- Hypermarkets
- Individuals
- Global Wearable Medical Devices Market, By Region:
- North America
- Latin America
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- By Country
- GCC
- Israel
- Rest of Middle East
- Africa
- By Region/Country
- South Africa
- Central Africa
- North Africa
- Company Profiles
- Current Health*
- Company Highlights
- Products Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Sorrel Medical
- Willow
- Aeroflow Breastpumps
- Medtronic plc
- Hoffmann-La Roche Ltd.
- Koninklijke Philips N.V.
- Smiths Medical
- Johnson and Johnson
- Siemens AG
- Fitbit Inc.
- Sonova
- Panasonic Corporation
- Garmin International
- Lifewatch AG
- Apple Inc.
- Omron Corporation
- Xiaomi Inc.
- Huawei Technologies Co. Ltd.
- Dragerwerk AG
- Nokia Technologie,s
- Nymi Inc.
- Noise
- Zepp Health Corporation
- Fastrack
- SAMSUNG
- Wearable X
- Ambiotex
- Komodo Technologies
- Carre Technologies Inc.
- Siren
“*” marked represents similar segmentation in other categories in the respective section.
