DUBLIN--(BUSINESS WIRE)--Nov 20, 2019--

The Global Wearable Medical Devices market is expected to reach $31.62 billion by 2026 growing at a CAGR of 19.8% during the forecast period.

The demand for wearable medical devices and remote patient monitoring are continuously increasing in the global market, where technological advancements, innovations, and rising disposable income, along with healthcare expenditure and better healthcare management using medical devices are among the major drivers.

Some of the driving factors of the market are technological advancements in wearable medical devices and increasing penetration of smartphones and the growing number of smartphone-based healthcare apps compatible with wearable devices. However, the high cost of wearable devices and lack of reimbursement is restraining the market.

Based on the application, the fitness monitoring segment is estimated to have a lucrative growth due to the increasing focus on physical fitness among people to improve the quality of life, coupled with the growing trend of tracking health progress.

The key vendors mentioned are AiQ Smart Clothing, Apple Inc., BD, Drgerwerk, Fitbit, Garmin, Hologic Inc., Jawbone, Lifewatch, Misfit, Monica Healthcare, NeuroMetrix, Inc., Nokia Technologies, Omron, Philips, Polar Electro, Samsung, Siemens Healthcare GmbH, Sonova, and Vital Connect.

Key Questions Answered in this Report

  • How this market evolved since the year 2016
  • Market size estimations, forecasts and CAGR for all the segments presented in the scope
  • Key Market Developments and financials of the key players
  • Opportunity Analysis for the new entrants
  • SWOT Analysis of the key players
  • Fastest growing markets analyzed during the forecast period

Key Topics Covered

1 Market Synopsis

2 Research Outline

2.1 Research Snapshot

2.2 Research Methodology

2.3 Research Sources

2.3.1 Primary Research Sources

2.3.2 Secondary Research Sources

3 Market Dynamics

3.1 Drivers

3.2 Restraints

4 Market Environment

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Wearable Medical Devices Market, By Device

5.1 Introduction

5.2 Glucose Monitoring Devices

5.3 Pain Management Devices

5.4 Respiratory Therapy Devices

6 Global Wearable Medical Devices Market, By Product

6.1 Introduction

6.2 Diagnostic & Monitoring Devices

6.3 Neuro-Monitoring Device

6.4 Therapeutic Devices

6.5 Wearable Fetal Monitor and Obstetric Device

6.6 Wearable Vital Sign Monitor

7 Global Wearable Medical Devices Market, By Type

7.1 Introduction

7.2 Activity/Fitness Monitors

7.3 Blood Glucose Monitors

7.4 Body and Temperature Monitors

7.5 Cardiac Monitors

7.6 Ear Wear

7.7 Hearing Aids

7.8 Neurological Monitors

7.9 Patches

7.10 Respiratory Monitors

7.11 Smart Clothing

7.12 Smart Watch

7.13 Wristband

7.14 Other Types

8 Global Wearable Medical Devices Market, By Site

8.1 Introduction

8.2 Handheld

8.3 Headband

8.4 Shoe Sensors

8.5 Strap/Clip/Bracelet

8.6 Other Sites

9 Global Wearable Medical Devices Market, By Distribution Channel

9.1 Introduction

9.2 Hypermarkets

9.3 Online Pharmacies

9.4 Retail Pharmacies

10 Global Wearable Medical Devices Market, By Trackers

10.1 Introduction

10.2 Activity Trackers

10.3 Fitness Trackers

10.4 Sports Trackers

10.5 Other Trackers

11 Global Wearable Medical Devices Market, By Application

11.1 Introduction

11.2 Cardiac Health

11.3 Diabetes Care

11.4 Obesity Control

11.5 Sleep Tracking

12 Global Wearable Medical Devices Market, By End User

12.1 Introduction

12.2 Home Healthcare

12.3 Hospitals and Clinics

12.4 Remote Patient Monitoring

12.5 Sports Academies and Fitness

12.6 Ambulatory Surgical Centers

13 Global Wearable Medical Devices Market, By Geography

13.1 North America

13.2 Europe

13.3 Asia Pacific

13.4 South America

13.5 Middle East & Africa

14 Strategic Benchmarking

15 Vendors Landscape

15.1 AiQ Smart Clothing

15.2 Apple Inc.

15.3 BD

15.4 Drgerwerk

15.5 Fitbit

15.6 Garmin

15.7 Hologic Inc.

15.8 Jawbone

15.9 Lifewatch

15.10 Misfit

15.11 Monica Healthcare

15.12 NeuroMetrix Inc.

15.13 Nokia Technologies

15.14 Omron

15.15 Philips

15.16 Polar Electro

15.17 Samsung

15.18 Siemens Healthcare GmbH

15.19 Sonova

15.20 Vital Connect

For more information about this report visit https://www.researchandmarkets.com/r/6i43d0

Laura Wood, Senior Press Manager

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KEYWORD:

INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 11/20/2019 01:05 PM/DISC: 11/20/2019 01:05 PM

Copyright Business Wire 2019.