Medical Wearable Market Revenue, Forecast, Overview and Key Companies Analysis by 2028

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.

The report provides detailed insights into Medical Wearable market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Medical Wearable market size over the forecast period, 2020–2028. The report includes profiles of major players in the Medical Wearable market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Global Medical Wearable market revenue growth is primarily driven by a variety of factors and trends, some of which include rising focus by major companies on product/service expansion into new and untapped domestic and international markets, rising investments in strategic agreements and mergers, and rapidly growing competition in the Medical Wearable market.

Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Medical Wearable market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Medical Wearable market revenue growth to a significant extent over the forecast period.

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.

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

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

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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Medical Wearable Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

Region wise performance of the Medical Wearable industry

North America Medical Wearable market revenue growth was relatively higher than that of other regional markets in 2020. North America market revenue is expected to continue to remain dominant over the forecast period, supported majorly by robust presence of major players in countries in the region and expansion of overall economic Medical Wearable growth strategies and initiatives.

Asia Pacific Medical Wearable market revenue registered the fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Medical Wearable market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. Increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries are some key factors driving Medical Wearable market revenue growth in Asia Pacific.

Europe Medical Wearable market revenue is expected to continue to remain steady over the forecast period. This can be attributed to changing Medical Wearable market trends in countries in other major regions and robust focus on research and development initiatives by major firms in the region with the objective to leverage opportunities and drive Medical Wearable revenue growth.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa

We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting us@ https://www.emergenresearch.com/request-for-customization/406

The research provides answers to the following key questions:

What will be the growth rate and the market size of the Medical Wearable industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Medical Wearable market across different regions?
Who are the major driving forces expected to decide the fate of the Medical Wearable industry worldwide?
Who are the prominent market players making a mark in the Medical Wearable market with their winning strategies?
Which Medical Wearable industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Medical Wearable market?

Table of Content

Chapter 1. Methodology Sources

1.1. Medical Wearable Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Medical Wearable Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2021-2028