Global Wearable Medical Devices Market 2022-2028

Global Wearable Medical Devices Market 2022-2028

Wearable Medical devices are those electronic devices that consumers can wear and are designed to diagnose, prevent, and avoid diseases. The global wearable medical devices market is projected to rise by USD 78 billion by 2028, according to a new report by Gen Consulting Company. It is anticipated to expand at a CAGR of 26.3 percent during the forecast period.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global wearable medical devices market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the wearable medical devices industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, distribution channel, and region. The global market for wearable medical devices can be segmented by product: diagnostic devices, health and fitness devices, rehabilitation devices, therapeutic devices. The health and fitness devices segment is estimated to account for the largest share of the global wearable medical devices market. Wearable medical devices market is further segmented by distribution channel: pharmacies, supermarkets & hypermarkets., online retailing. Based on region, the wearable medical devices market is segmented into: Asia Pacific, Europe, North America, Rest of the World (RoW). Globally, North America made up the largest share of the wearable medical devices market.

By product:

• diagnostic devices
• health and fitness devices
• rehabilitation devices
• therapeutic devices

By distribution channel:

• pharmacies
• supermarkets & hypermarkets.
• online retailing

By region:

• Asia Pacific
• Europe
• North America
• Rest of the World (RoW)

The report has also analysed the competitive landscape of the global wearable medical devices market with some of the key players being Abbott Laboratories, BioTelemetry, Inc., Fitbit, Inc., Garmin Ltd., Koninklijke Philips N.V., Medtronic plc, OMRON Corporation, Polar Electro Oy, Renew Health Limited, Siemens Healthineers AG, Sotera Wireless, Inc., St. Jude Medical, Inc., VitalConnect, Inc., Withings SA, among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global wearable medical devices market.
• To classify and forecast the global wearable medical devices market based on product, distribution channel, region.
• To identify drivers and challenges for the global wearable medical devices market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global wearable medical devices market.
• To identify and analyze the profile of leading players operating in the global wearable medical devices market.

Why Choose This Report

• Gain a reliable outlook of the global wearable medical devices market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.