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A wearable medical device is used to track or supervise, such as heart rate, blood glucose level and blood pressure. The variety of devices includes watches, bands, clothing, and accessories.The Global Wearable Medical Devices is accounted for $6.05 billion in 2017 and is expected to reach $29.53 billion by 2026 growing at a CAGR of 19.2% during the forecast period. Rising prevalence of chronic diseases, increasing demand for user friendly interface and ability to coordinate with mobile phones and tablets, and technological advancements are some of the key factors favouring the market growth. However, data security & privacy and lack of reimbursement are hindering the market growth. Moreover, change in trend from traditional to wearable devices and stable rise of remote patient monitoring and home healthcare are some of the opportunities for the market growth.
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Based on type, activity monitors segment held significant growth due to the high prevalence of diseases, increasing adoption of inactive & unhealthy lifestyles and rising awareness of fitness and health. By geography, North America is expected to register the highest market growth during the forecast period owing to the presence of highly developed healthcare infrastructure, growing adoption of medical technologies and the progress of interconnected and highly advanced healthcare apps and compatible devices.
Some of the key players in the Wearable Medical Devices Market include:
Apple
Samsung
Xiaomi Inc.
Philips Electronics
Nokia Technologies
OMRON Corporation
Fitbit
Medtronic plc
LifeWatch AG
Actelion Pharmaceuticals
Garmin
Vitalconnect
Jawbone
Monica Healthcare
Polar Electro
Sotera Wireless
Lifesense
Cleveland Medical Devices, Inc.
Nuubo
Intelesens Ltd.
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Distribution Channels Covered:
Hypermarkets
Online Channel
Pharmacies
Wearable Medical Devices Types:
Patches
Smart Clothing
Smartwatches
Activity Monitors
Ear Wear
Device Types Covered:
Therapeutic Devices
Diagnostic and Monitoring Devices
End Users Covered:
Home Healthcare
Remote Patient Monitoring
Fitness and sports
Hospitals and clinics
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Wearable Medical Devices Trackers:
Activity trackers
Fitness trackers
Sports trackers
Other Trackers
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Some Points of TOC:
Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Wearable Medical Devices Market, By Distribution Channel
5.1 Introduction
5.2 Hypermarkets
5.3 Online Channel
5.4 Pharmacies
Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
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