Wearable medical device Market 2020 - Globally Market Size, Analysis, Share, Research, Business Growth and Forecast to 2023

The global wearable medical device market is expected to reach a market value of USD 27,255.6 million by 2023 from USD 7,859.4 million in 2017 at a CAGR of 23.0% during the forecast 2023.the Americas held the largest share of the market at 33.3%, followed by Europe and Asia-Pacific with shares of 27.2% and 24.4 %, respectively.

/EIN News/ -- Pune, Feb. 26, 2020 (GLOBE NEWSWIRE) -- Global “Wearable medical device Market” Report (2020 – 2023) focuses on manufacturers’ data, including: shipment, price, revenue, gross profit, business distribution etc., these data help the consumer know about the major players better. This study also covers all the regions and countries of the world, which shows a regional expansion status, including market size, volume and value, as well as price data.

Wearable medical device Market competition by top manufacturers/ Key player Profiled:

• Apple Inc. (US)
•  Fitbit Inc. (US)
•  Honeywell International Inc. (US)
•  Koninklijke Philips NV (Netherlands)
•  LG Electronics Inc. (South Korea)
•  NIKE Inc. (US)
•  Motorola Solutions Inc. (US)
•  Qualcomm Inc. (US)
•  Sony Corporation (Japan)
•  Omron Corporation (Japan)
•  Boston Scientific Corporation (US)
•  and Medtronic PLC (Ireland)

The global wearable medical device market is expected to reach a market value of USD 27,255.6 million by 2023 from USD 7,859.4 million in 2017 at a CAGR of 23.0% during the forecast 2023.the Americas held the largest share of the market at 33.3%, followed by Europe and Asia-Pacific with shares of 27.2% and 24.4 %, respectively.

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Key Findings
• The global wearable medical device market is expected to reach USD 27,255.6 million by 2023 at a CAGR of 23.0 % from 2018 to 2023.
• On the basis of type, the activity monitors segment accounted for the largest market share at a CAGR of 22.4 % in 2017.
• The market in the Americas is expected to register a CAGR of 22.2% from 2018 to 2023.
• Asia-Pacific is expected to be the fastest-growing market registering a CAGR of 23.7% from 2018 to 2023.

Target Audience
• Wearable Medical Device Manufacturers, Suppliers and Distributors, Pharmaceutical Companies, Research and Development (R&D) Companies, Market Research and Consulting Service Providers, Potential Investors, Raw Material Suppliers

This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.

• North America Country (United States, Canada)
• South America
• Asia Country (China, Japan, India, Korea)
• Europe Country (Germany, UK, France, Italy)
• Other Country (Middle East, Africa, GCC)

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Key Benefits:

• Major countries in each region are mapped according to individual market revenue.
• Comprehensive analysis of factors that drive and restrict the Wearable medical device market growth is provided.
• The report includes an in-depth analysis of current research within the market.
• Key players and their key developments in the recent years are listed.

And More….

Objective of Studies:

• To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market.
• To provide insights about factors affecting the market growth. To analyse the wearable medical device market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global wearable medical device market.
• To provide country level analysis of the market with respect to the current market size and future prospective.
• To provide country level analysis of the market for segment by application, product type and sub-segments.

Table of Contents:

• 1 Report Prologue
• 2 Executive Summary
• 3 Market Introduction
• 3.1 Scope of the Study
• 3.2 Research Objective
• 3.3 List of Assumptions
• 3.4 Market Structure
• 4 Research Methodology
• 4.1 Research Process
• 4.2 Primary Research
• 4.3 Secondary Research
• 4.4 Market Size Estimation
• 4.5 Forecast Model
• 5 Market Dynamics
• 5.1 Introduction
• 5.2 Drivers
• 5.2.1 The proliferation of smartphones and wearable medical devices into healthcare
• 5.2.2 Connected healthcare applications have increased the involvement of the patient population
• 5.2.3 Cost-effectiveness and patients' convenience will drive the wearable medical devices market
• 5.2.4 A continuous increase in lifestyle disease has led to the development of personalized healthcare solutions
• 5.3 Restraints
• 5.3.1 Increasing privacy and cybercrimes restrain the growth of the wearable medical devices market
• 5.3.2 Lack of awareness about the possible applications of connected healthcare
• 5.3.3 Reluctance to share information regarding the health has limited the growth of the market
• 5.4 Opportunities
• 5.4.1 Growing partnerships between the companies have become the entrance gateway for new firms
• 5.4.2 Introduction of connected healthcare in developing economies will boost the growth of the
• connected healthcare 33
• 6 Market Factor Analysis
• 6.1 Porter’s Five Forces Model
• 6.1.1 Threat of New Entrants
• 6.1.2 Bargaining Power of Suppliers
• 6.1.3 Bargaining Power of Buyers
• 6.1.4 Threat of Substitutes
• 6.1.5 Intensity of Rivalry
• 6.2 Value Chain Analysis
• 6.2.1 Device Manufacturers
• 6.2.2 App Developers
• 6.2.3 Network Providers/Mobile Operators
• 6.2.4 Healthcare Providers and Pharmaceuticals
• 6.2.5 Patients
• 7 Global Wearable Medical Device Market, by Type
• 7.1 Overview
• 7.1.1 Activity Monitors
• 7.1.2 Smart Watches
• 7.1.3 Smart Clothing
• 7.1.4 Patches

Continue….

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