Report Highlights
The global wearable medical devices market should reach $83.9 billion by 2026 from $20.1 billion in 2021 at a compound annual growth rate (CAGR) of 33.1% for the forecast period of 2021 to 2026.
Report Includes
- 59 tables
- An up-to-date review and analysis of the global markets for wearable medical device technologies
- Analyses of the global market trends, with historic data from 2019 to 2020, estimates for 2021 and projections of compound annual growth rates (CAGRs) through 2026
- Review, analysis and forecast key wearable medical device technologies used for diagnosis, monitoring, treatment and prevention of various diseases and disorders
- Evaluation and forecast the overall market size, forecasted growth trends, and corresponding market share analysis by application, end user and geographic region
- Highlights of the upcoming market potential and areas of focus to forecast this market into various segments and sub-segments
- In-depth information (facts and figures) concerning market drivers, market deterrents and other demographic and economic factors that will drive future demand for medical devices
- Identification of promising new wearable medical devices and technologies still in the development and testing stage and assess the probability that they will be commercialized successfully in the next five years
- Insight into recent structure of the medical device and diagnostics industry, competitive landscape, R&D activities, company revenue share analysis, and key M&A deals and collaboration agreements in the global wearable medical devices market
- Descriptive company profiles of the major global players, including Abbott, General Electric Co., Medtronic PLC, Siemens Healthineers AG, Thync Inc. and VivoSensMedical GmbH
Report Scope
The current report offers a detailed picture of wearable medical devices.
This report highlights the current and future market potential for wearable medical devices and provides a detailed analysis of the competitive environment, regulatory scenario, drivers, restraints, opportunities, and trends in the market. This report also covers market projections through 2026, as well as key market players.
The report details market shares for wearable medical devices. By geography, the market has been segregated b North America, Europe, the Asia-Pacific region, the Middle East and Africa, and South America. North America includes the U.S., Canada and Mexico, while Europe includes Germany, the U.K., France, Italy, Spain, and Rest of Europe. The Asia-Pacific region includes China, India, Japan, Australia, New Zealand, and the Rest of Asia-Pacific.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global market for wearable medical devices should grow from $8.9 billion in 2018 to $29.9 billion by 2023 at a compound annual growth rate (CAGR) of 27.5% for the period of 2018-2023.
Report Includes
- 15 data tables and 16 additional tables
- An overview of the global markets for wearable medical devices
- Analyses of global market trends, with data from 2017 to 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Coverage of how these devices monitor blood sugar, glucose, and chronic diseases like heart diseases, diabetes, and various other parameters and provide local processing, feedbacks and reports, communication capabilities, and easy & timely sensing abilities
- Evaluation of factors, such as the large number of ongoing projects and innovations in the healthcare and electronics sectors, the rising incidences of chronic diseases among all demographics, the growing capabilities, and the ease of use of medical devices
- A look at how the market faces certain drawbacks, such as high costs of devices, issues in reimbursement, and lack of awareness in the developing countries, such as India, Brazil, and Mexico
- Profiles of major players in the industry, including Abbott Laboratories, Atlas, Fitbit, Philips Healthcare, GE Healthcare and Omron Corp.
Report Highlights
The global market for wearable medical devices was valued at $4.8 billion in 2015. This market is expected to increase from $5.5 billion in 2016 to nearly $19.5 billion in 2021 at a compound annual growth rate (CAGR) of 28.8% for 2016-2021.
Report Includes
- An overview of the global markets for wearable medical devices
- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) through 2021.
- Coverage of how these devices monitor blood sugar, glucose, and chronic diseases like heart diseases, diabetes, and various other parameters and provide local processing, feedbacks and reports, communication capabilities, and easy & timely sensing abilities
- Evaluation of factors, such as the large number of ongoing projects and innovations in the healthcare and electronics sectors, the rising incidences of chronic diseases among all demographics, the growing capabilities, and the ease of use of medical devices
- A look at how the market faces certain drawbacks, such as high costs of devices, issues in reimbursement, and lack of awareness in the developing countries, such as India, Brazil, and Mexico
- Profiles of major players in the industry.
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