The market crossed the US$ 18.98 billion mark in 2022 and is expected to hit US$ 41.22 billion by 2030, recording a CAGR of 10.2% during the forecast period.
Pune, India– The technological developments have enabled players to integrate the internet of things (IoT) with medical devices, facilitating the connection between patients and service providers. Market consolidation is a widely accepted strategy by the market players to sustain their position in the market. This research report provides insights into the “Wearable Healthcare Devices Market.” This report summarizes the results of the assessment carried out by Business Market Insights in the field of the Benefits Management Platform for the global perspective. The report provides an analysis of the Benefits Wearable Healthcare Devices Market by deployment, application, and geography. Wearable devices play an important role in predicting certain disorders by integrating essential vital signs with clinical symptomology. The COVID-19 outbreak became a threat to public health. Wearable healthcare devices are a rapidly expanding field of medicine. With the COVID-19 pandemic, there has been an increase in the use of telemedicine to connect patients and healthcare providers, which has been made possible by mobile health (mHealth) applications.
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Kay Players:
- Medtronic plc.
- Koninklijke Philips N.V.
- OMRON Corporation
- Biotelemetry Inc
- Apple, Inc.
- Dexcom Inc.
- Abbott Laboratories
- Masimo Corporation
- GE Healthcare
- Bio-Beat Technologies
Scope of the report:
In this report, the market has been segmented on the basis of:
- Device Type:
- Diagnostic & Monitoring Devices
- Vital Signs Monitoring Devices
- Glucose Monitoring Devices
- Sleep Monitoring Devices
- Fetal Monitoring & Obstetric Devices
- Neuromonitoring Devices
- Therapeutic Devices
- Pain Management Devices
- Rehabilitation Devices
- Respiratory Therapy Devices
- Insulin Pumps
- Diagnostic & Monitoring Devices
- Products:
- Activity Monitors/Trackers
- Smartwatches
- Patches
- Smart Clothing
- Grade Type:
- Consumer-Grade
- Clinical-Grade
- Application:
- General Health & Fitness
- Remote Patient Monitoring
- Home Healthcare
- Distribution Channel
- Pharmacies
- Online Channel
- Hypermarkets
- Others
- Region
- North America
- Europe
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
Recent strategic developments in the Wearable Healthcare Devices market
The Wearable Healthcare Devices market has undergone several significant developments, and a few of these have been mentioned below:
- In April 2021, Fitbit, Inc. introduced Fitbit Luxe.
- In April 2017, Medtronic plc signed an agreement with Garmin, an Israel-based company, to combine its vivofit series activity trackers with the Medtronic Care Management Services (MCMS) RPM platform.
Several players drive the Wearable Healthcare Devices market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Medtronic plc.; Koninklijke Philips N.V.; OMRON Corporation; Biotelemetry Inc; Apple, Inc.; Dexcom Inc.; Abbott Laboratories; Masimo Corporation; GE Healthcare; Bio-Beat Technologies are among the prominent players operating in the market.
Target audience for the report:
- Raw material providers
- Market-related associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policymakers
- Venture capitalists, private equity firms, and start-up companies
- Distributors and sales firms
- End users of medical devices
- Research institutes, organizations, and consulting companies
The report provides the current market size for the Wearable Healthcare Devices Market, defines trends, and presents growth forecasts for nine years from 2022 to 2030. 2022 is considered as the base year, and 2022 to 2030 is the forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of Benefits Management Platform for all the regions globally.
This research report on the “Wearable Healthcare Devices Market” provides a holistic view of the global market size across major regions. The report further elucidates the key driving factors, restraints, growth opportunities, and future trends about the market growth. The market is segmented into deployment, application, and geography.
Market Drivers
Market Restraints
Future Trends
Market Opportunities
Wearable Healthcare Devices Market Research Report Scenario includes:
The report provides qualitative and quantitative trends of the global Wearable Healthcare Devices Market.
The report provides qualitative and quantitative trends of the global Wearable Healthcare Devices Market segmented by deployment, component, solution, application, and geography.
The report starts with the key takeaways, highlighting the key trends and outlook of the global Wearable Healthcare Devices Market.
Chapter 3 provides the research methodology of the study.
Chapter 4 provides a brief overview of the Benefits Wearable Healthcare Devices Market landscape. It further provides the segmentation of the market with PEST analysis on global scenarios along with ecosystem analysis and expert opinions.
Chapter 5 highlights the Benefits Wearable Healthcare Devices Market trends and outlook and the prevailing factors that are driving the market, as well as are deterrents to market growth, along with their impact analysis.
Chapter 6 discusses the market revenue and forecast, in the global Wearable Healthcare Devices Market.
Chapter 7, 8, and 9 discuss the market segmented by deployment, application, and geography across the regions.
Chapter 10 provides the impact of COVID 19 across the regions and respective countries.
Chapter 11 provides the industry landscape and highlights the major market events, as well as major market vendors in the ecosystem.
Chapter 12 provides the detailed profiles of the key companies operating within the Benefits Wearable Healthcare Devices Market. The companies have been profiled based on their key facts, business descriptions, financial overview, SWOT analysis, and key developments.
Chapter 13, i.e., the appendix is inclusive of a brief overview of the company, glossary of terms, contact information, and the disclaimer section.
The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at the global and regional level in our final reports.
This research provides detailed information regarding the major factors influencing the growth of the Wearable Healthcare Devices Market at the Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths, and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.
Primary Research:
“Business Market Insights” conducts hundreds of primary interviews a year with industry participants and commentators to validate its data and analysis. A typical research interview fulfills the following functions:
Provides First-Hand Information on the Market Size, Market Trends, Growth Trends, Competitive Landscape, and Future Outlook
Validates and Strengthens Secondary Research Findings
Further Develops the Analysis Team’s Expertise and Market Understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
Industry Participants: VPs, Business Development Managers, Market Intelligence Managers and National Sales Managers
Outside Experts: Valuation Experts, Research Analysts and Key Opinion Leaders Specializing in the Industry
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
