The GMI Research predicts that the Wearable Medical Devices Market will perceive an upsurge in demand over the forecast period. This is because of the prevalence of leading market players, modernizations in wrist-worn products to supervise health parameters, and the accelerating geriatric population.
Introduction of the Wearable Medical Devices Market
According to the Wearable medical devices market report, they are mechanical devices worn by a person for medical supervision and support for a longer duration. These devices are designed to evade the possibility of diseases and sustain overall health, such as weight control and physical activity. In other words, they assist in the clinical decision are extensively used for patient and disease management.
Key Players of Market:
- Polar Electro OY
- Lifewatch AG
- Omron Corporation
- Jawbone Inc.
- Garmin Ltd.
- Withings SA
- Philips Healthcare
- Sotera Wireless, Inc
- Fitbit Inc.
- Drägerwerk AG & Co. KGaA
Wearable Medical Devices Market Dynamics
The swift extension of in-home healthcare as well as the aggravating demand for distant patient supervision devices are elevating the growth of the global wearable medical devices market size. Moreover, the notable change in the consumer’s choice towards health and fitness is encouraging the end-users towards the endorsement of wearable medical devices to administer the health condition on a regular basis. Besides this, the rapid exacerbation in the complicated data produced over recent years, as well as the studies developed to execute a practicable solution incorporating Artificial Intelligence (AI) in wearable medical devices, are supplementing the market growth.
Furthermore, the global wearable medical devices market report states that the growing cases of lifestyle disorders because of the sedentary lifestyle have stimulated the market growth. Several diseases require constant supervision of conditions such as blood pressure and sugar level has enabled the merger of healthcare data with smart devices like smartphones to have a real-time approach to data and minimize the chances of fallacies. These devices have the capability to administer fitness delineation such as distance walks, count of footsteps, and total distance traveled are impelling the market growth. Also, the occurrence of chronic diseases and the accelerating death rate is persuading healthcare providers to offer customized devices for round-the-clock supervision is propelling the wearable medical devices market share.
Besides this, the outbreak of the coronavirus crisis has positively influenced the market growth. This is because individuals are largely looking for self-supervision devices to regularly examine their health condition rather than visiting hospitals and clinics. In addition to this, the virus raised the apprehension towards health which further stimulates the market growth.
Wearable Medical Devices Market Segmentation:
Segmentation by Product
- Diagnostic Devices
- Vital Sign Monitoring Devices
- Heart Rate Monitors
- Activity Monitors
- Electrocardiographs
- Pulse Oximeters
- Spirometers
- Blood Pressure Monitors
- Others
- Sleep Monitoring Devices
- Sleep trackers
- Wrist Actigraphs
- Polysomnographs
- Others
- Electrocardiographs Fetal And Obstetric Devices
- Neuromonitoring Devices
- Electroencephalographs
- Electromyographs
- Others
- Therapeutic Devices
- Pain Management Devices
- Neurostimulation Devices
- Others
- Insulin/Glucose Monitoring Devices
- Insulin Pumps
- Others
- Rehabilitation Devices
- Accelerometers
- Sensing Devices
- Ultrasound Platform
- Others
- Respiratory Therapy Devices
- Ventilators
- Positive Airway Pressure (PAP) Devices
- Portable Oxygen Concentrators
- Others
Segmentation by Site
- Handheld
- Headband
- Strap/Clip/Bracelet
- Shoe Sensors
- Others
Segmentation by Application
- Sports And Fitness
- Remote Patient Monitoring
- Home Healthcare
Segmentation by Region:
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- RoW
- UAE
- Brazil
- South Africa
- Saudi Arabia
About GMI Research
The consulting and research company offering different enterprises with perceptions about business and research reports using internal and external databases. The research team of GMI organization gathers all the material information about distinct industries with the concentration on providing précised information about the approaching opportunities and challenges. The team of experts assists clients in acknowledging the effect of share, size, drivers, growth opportunities, and other dynamics. The organization got listed as the most promising research organization in 2018’s Silicon Indian Magazine.
