The global Medical Wearable Market is forecasted to be worth USD 34.89 Billion by 2027, according to a current analysis by Emergen Research. An increase in the infiltration of smartphones, along with a rise in the number of smartphone-based healthcare applications, is driving the market for the medical wearables market. Moreover, the preference of healthcare providers for wireless connectivity and surge in the incidence of diseases, such as diabetes, chronic pain, obesity, hypertension, chronic obstructive pulmonary disease, and cardiac disorders, will boost the market growth.
Emergen Research’s latest document, titled ‘Global Medical Wearable Market – Forecast to 2027,’ is one of the most sought-after market reports involving an in-depth analysis of the global Medical Wearable Market . The report’s authors have offered necessary details on the latest Medical Wearable Market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Interventional Oncology Devices industry entails useful insights into the estimated Medical Wearable Market
Key participants include Koninklijke Philips N.V., Medtronic Plc, Omron Healthcare Co., Ltd., Biotelemetry, Inc., Apple, Inc., GE Healthcare, Abbott Laboratories, Dexcom, Inc., Irhythm Technologies, Inc., and Masimo Corporation, among others.
Covid 19 impact :
The latest report is updated with the impact analysis of the current COVID-19 pandemic on the market. The rapidly changing dynamics of the market and current and future growth potential of the market are covered in the report. The report offers crucial information about the initial and future assessment of the impact of the COVID-19 crisis on the overall market. The study also includes significant information pertinent to the Medical Wearable Market industry, particularly the current COVID-19 scenario. Exhaustive coverage of the COVID-19 impact on the Medical Wearable Market industry is a major attraction of the report. The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism.
To identify the key trends in the industry, click on the link below@ https://www.emergenresearch.com/industry-report/medical-wearable-market
Objectives of the Global Medical Wearable Market Study:
- An in-depth study of the evolving market sectors and the growth & penetration status of the global Medical Wearable Market
- COVID-19 Impact Analysis to highlight the major opportunities and challenges
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers & acquisitions, collaborations, partnerships, and joint ventures
For the purpose of this report, Emergen Research has segmented into the global Medical Wearable Market on the product, device type, end-user, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Patches
- Wristband and Activity Monitors
- Smartwatches
- Others (Clothing, glasses, others)
Device Type Outlook (Revenue, USD Billion; 2017-2027)
- Vital Signs Monitoring Devices
- ECG /Holter Heart Rate Monitors
- Pulse Oximeters
- Blood Pressure Monitors
- Multiparameter Trackers
- Glucose Monitoring Devices
- Sleep Apnea Monitors
- Fetal Monitoring Devices
- Neurological Monitoring Devices
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals & Clinics
- Nursing Homes, Assisted Living Facilities, Long-term Care Centers
- Home Care Settings
- Ambulatory Care Centers
Region wise performance of the Medical Wearable Market industry
North America Medical Wearable Market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2027 . In addition, North America Medical Wearable Market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2027 .
Asia Pacific registered fastest revenue CAGR in 2020, and the Medical Wearable Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2027 .
Global Medical Wearable Market Report – Table of Contents:
Chapter 1. Market Definition and Scope
Chapter 2. Executive Summary
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Regional Analysis
Chapter 6. Product Segmentation
Chapter 7. Application Spectrum
Chapter 8. End-user Landscape
Chapter 9. Competitive Landscape
Chapter 10. Appendix
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