Medical Wearable Market Global Trends, Share, Industry Size, Segmentation Leading Competitors To 2027 | Emergen Research

Medical Wearable Market Size – USD 7.37 Billion in 2019, Market Growth - CAGR of 21.5%

VANCOUER, BC, CANADA, March 29, 2022 /EINPresswire.com/ -- The Global Medical Wearable Market exhibits comprehensive information that is a valuable source of insightful data for business strategists during the decade 2020-2027. On the basis of historical data, Medical Wearable Market report provides key segments and their sub-segments, revenue and demand & supply data. Considering technological breakthroughs of the market Medical Wearable Market is likely to appear as a commendable platform for emerging Medical Wearable Market investors.

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.

The self-monitoring medical wearable devices will witness lucrative growth. The surge in the incidence of cardiac diseases and chronic diseases will impact the market positively. An increase in the penetration of 4G networks and growing demand for 5G connection will also augment the demand for the market.

Top key vendors in Medical Wearable Market include are: 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.

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Some Key Highlights from the Report :

The wristband and activity monitor segment held the largest share in the product segment. The medical alert wristbands and bracelets offer a much-needed safety blanket to people with allergies and other various conditions. It helps to make aware of ailments leading to more effective and faster emergency treatment.

A pulse oximeter is a lightweight, small device used to monitor the amount of oxygen carried in the body. This tool is attached painlessly to a patient’s fingertip to measure their pulse rate and amount of oxygen in the system.

Hospitals held the largest share in the medical wearable market. This is due to the increasing investment in the healthcare system and the growing prevalence of chronic and infectious diseases.

The market for the Asia Pacific is presumed to expand at a high CAGR throughout the forecast timeframe. The regional growth can be accredited to India, Japan, and China owing to factors such as the growing advancements by prominent players in these countries and increased support from the government.

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Emergen Research has segmented the global Medical Wearable Market Are :

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

Comprehensive Regional Analysis Covers the Following Regions:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The regional analysis segment covers all the regions in the world contributing towards the growth of the global Phototherapy Devices Market. The section offers insights on the market size, volume, and value of each region for the forecasted period to help our clients find a better position in the global market. The competitive landscape section includes strategies followed by leading market players along with the in-depth case studies on how to overcome the challenges in the Phototherapy Devices Market.

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The Medical Wearable Market Report Includes:

Strategies for staying competitive in the market. Market Entry barriers.

Current Market Trends and Demand.

The main end-user sectors and consumption trends.

Top sectors of the Medical Wearable Market and their competitiveness

Reasons to buy:

Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.

Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.

Classify potential new clients or partners in the target demographic.

Develop tactical initiatives by understanding the focus areas of leading companies.

Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.

Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.

About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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