Wearable Medical Device Market Surges with a Remarkable 18.29% CAGR, Shaping the Future of Healthcare (2019–2025)

According to research report the wearable medical devices market is expected to reach USD 14.41 Billion by 2022 from USD 5.31 Billion in 2016, at a CAGR of 18.3% during the forecast period.

The base year considered for the study is 2016 and the forecast period is from 2017 to 2022.The key growth strategies adopted by the top companies (profiled in the report) include partnerships, collaborations, and agreements; new product launches and approvals; expansion, and acquisition.Read More: https://www.marketsandmarkets.com/PressReleases/wearable-medical-device.aspProminent players in the wearable medical device market include Fitbit Inc. (U.S.), Philips Healthcare (Netherlands), Garmin Ltd. (Switzerland), LifeWatch AG.

(Switzerland), Omron Corporation (Japan), Drägerwerk AG & Co. KGaA (U.S.), Withings SA.

(France), Jawbone Inc. (U.S.) and Polar Electro Oy (Finland).Activity monitors are expected to dominate the market in 2017.Based on type, the wearable medical devices market is segmented into activity monitors, smartwatches, smart clothing, and patches.

In 2017, the activity monitors segment is expected to account for the largest share of the wearable medical devices market.

The high growth in this segment is attributed to factors such as the rising adoption of sedentary and unhealthy lifestyles, rising prevalence of lifestyle diseases, and growing awareness of health and fitness.Companies are focused on various organic and inorganic growth strategies such as collaborations, and agreements; new product launches and approvals; expansion, and acquisition.

Wearable medical devices are electronic devices capable of measuring various metrics on the human body without doctor intervention.

Insurance companies and healthcare organizations are pondering the benefits of wearables to patients in the long run.

The global wearable medical device market report by Market Research Future (MRFR) highlights the developments around the technology and applications in the medical sector as well as several factors and challenges to be faced by key market leaders for the period of 2017 to 2023 (forecast period).Wearable Medical Device Market ScopeThe global wearable medical device market is forecasted to be valued at USD 27,255.6 million by 2023.

It was valued at USD 7,859.4 million in 2017.The developed countries, in particular, are frontrunners in the adoption of advanced technology solutions and continuous innovation in these technologies can influence the market demand.

These devices have demonstrated efficacy in the management of chronic diseases of diabetes, asthma, and heart diseases, the occurrence of which is soaring across the globe.

Wearable medical devices have gained significant traction in monitoring various health parameters such as heart rate, blood oxygen level, body fat, and respiration.

The global wearable medical device market size is expected to reach USD 93.19 billion by 2027, according to a new report by Radiant Insights, Inc.

Download Free Sample Report @ https://www.radiantinsights.com/research/wearable-medical-device-market/request-sample Increasing prevalence of obesity coupled with rising awareness about physical fitness is encouraging people to adopt fitness-related activities.

Wearable devices companies also offer guidance of certified dieticians and nutritionists, further generating the demand for wearable medical devices.

Companies, such as Google, Fitbit, Apple, and Nike are working toward launching new innovative products, which is anticipated to boost the wearable medical devices market growth over the forecast period.

Smart watches and wristbands are the current focal point of product development and innovation, leading to abundant availability of such products.

The product is an adhesive patch that can be placed anywhere on the chest and is used for regulating biometrics such as heart rate, skin temperature, body posture, and activities like steps walked.

The global wearable medical device market size is expected to reach USD 93.19 billion by 2027, according to a new report by Radiant Insights, Inc.

It is projected to progress at a CAGR of 27.9% during the forecast period.

Wearable devices, such as smart bands and smart watches help monitor fitness parameters including calories burned, footstep count, and distance covered while walking or running.

Wearable devices companies also offer guidance of certified dieticians and nutritionists, further generating the demand for wearable medical devices.

Download Free Sample Report @ https://www.radiantinsights.com/research/wearable-medical-device-market/request-sample Companies, such as Google, Fitbit, Apple, and Nike are working toward launching new innovative products, which is anticipated to boost the wearable medical devices market growth over the forecast period.

Further key findings from the report suggest: • The diagnostic devices segment dominated the market in 2019 owing to the increasing disposable income and awareness along with higher healthcare spending • The straps, clip, and bracelets is the largest and fastest growing segment in the wearable medical device market • Home healthcare held a significant market share in 2019 owing to the rise in geriatric population triggering incidence rate of target diseases • North America is projected to command for a cumulative market share in 2019 due to the increasing application of home care and remote patient monitoring for the purpose of regular, continuous, and long-term monitoring of patients • Asia Pacific is expected to witness the fastest growth over the forecast period, attributed to the rising incidence of chronic disease along with growing awareness and disposable income of the consumers • Some of the companies present in the market are Philips Electronics, Fitbit, Basis Science, Garmin, Covidien, Omron Corp., Withings, Vital Connect, Polar Electro, Intelesens, Everist Genomics, Intelesens, and Sotera Wireless Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/wearable-medical-device-market Table of Contents Chapter 1 Methodology and Scope1.1 Market Segmentation & Scope1.1.1 Product1.1.2 Site1.1.3 Application1.1.4 Regional Scope1.1.5 Estimates And Forecast Timeline1.2 Research Methodology1.3 Information Procurement1.3.1 Purchased Database1.3.2 Radiant Insights Internal Database1.3.3 Secondary Sources1.3.4 Primary Research1.3.5 Details Of Primary Research1.4 Information Or Data Analysis1.4.1 Data Analysis Models1.5 Market Formulation & Validation1.6 Model Details1.6.1 Commodity Flow Analysis (Model 1)1.6.1.1 Approach 1: Commodity Flow Approach1.6.2 Volume Price Analysis (Model 2)1.6.2.1 Approach 2: Volume Price Analysis1.7 List of Secondary Sources1.8 List of Primary Sources1.9 List of Abbreviations1.10 Objectives1.10.1 Objective - 1:1.10.2 Objective - 2:1.10.3 Objective - 3:1.10.4 Objective - 4: Chapter 2 Executive Summary2.1 Market Outlook2.2 Segment Outlook2.3 Competitive Insights Chapter 3 Wearable Medical Device Market: Variables, Trends & Scope3.1 Market Lineage Outlook3.1.1 Parent Market Outlook3.1.2 Ancillary Market Outlook3.2 Penetration & Growth Prospect Mapping3.3 User Perspective Analysis3.3.1 Consumer Behavior Analysis3.3.2 Market Influencer Analysis Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/medical-devices About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.

The global wearable medical device market size is expected to reach USD 93.19 billion by 2027.

It is projected to progress at a CAGR of 27.9% during the forecast period.

Rising demand for advanced and continuous health monitoring products is fueling the growth.Increasing prevalence of obesity coupled with rising awareness about physical fitness is encouraging people to adopt fitness-related activities.

Wearable devices, such as smart bands and smartwatches help monitor fitness parameters including calories burned, footstep count, and distance covered while walking or running.

Wearable devices companies also offer guidance of certified dieticians and nutritionists, further generating the demand for wearable medical devices.Access Sample Report of this report @ https://www.radiantinsights.com/research/wearable-medical-device-market/request-sampleCompanies, such as Google, Fitbit, Apple, and Nike are working toward launching new innovative products, which is anticipated to boost the wearable medical devices market growth over the forecast period.

Smart watches and wristbands are the current focal point of product development and innovation, leading to abundant availability of such products.

　　Global Wearable Medical Device Market is expected to reach USD 27.8 billion by 2022, according to a new report by Grand View Research, Inc.

Rising prevalence Freight Elevator Manufacturers of conditions such as obesity and hypertension, as a result of sedentary lifestyle is anticipated to boost the demand for wearable medical devices.

Additionally, growing incidences of chronic conditions, such as diabetes, which require round-the-clock monitoring, are expected to increase the demand for wearable technology.

Browse full research report on Global Wearable Medical Device Market: grandviewresearch/industry-analysis/wearable-medical-devices-marketFurther key findings from the study suggest:　　Diagnostic wearable medical devices held substantial share in 2014 owing to increasing usage in remote patient monitoring as well as home healthcare　　Therapeutic wearable devices are anticipated to exhibit remunerative growth over the forecast period.

Wearable medical devices have applications in sports & fitness monitoring, home healthcare, and remote patient monitoring.

Simplified usage of this equipment along with ability to synchronize with cellular phones as well as tablet devices assisted the growth of this segment.