The new report titled ‘Global Medical Wearable Market’, published by Emergen Research, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global Medical Wearable market outlook over the forecast duration (2023-2032). Researchers have examined the global market holistically and emphasised the elements that affect the market's overall expansion. The study examines the strengths, weaknesses, opportunities, and threats related to the expansion of the various market sectors using effective analytical tools like SWOT analysis and Porter's Five Forces. The study includes vital information, like the market shares of the major players, that aids the reader in gaining a thorough understanding of the Medical Wearable market. The most recent research study serves as the ideal illustration of the thorough analysis of the international Medical Wearable market. The table of contents, a list of tables and figures, research methods, geographic segmentation, competitive environment, upcoming developments, and technological innovation are all included in this document. The globally-disrupting incidence has impacted nearly every aspect of this business domain. However, the latest study expounds on the present market scenario and forecasts the pandemic’s aftermath, with respect to this industry. Furthermore, the major aspects of the market have been discussed in the report, with expert opinions on the current status of the market.

 

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.

 

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Some of the key participants in this industry include:

Koninklijke Philips N.V., Medtronic Plc, Omron Healthcare Co., Ltd., Biotelemetry, Inc., Apple, Inc., GE Healthcare, Abbott Laboratories, Dexcom, Inc., Irhythm Technologies, Inc., Masimo Corporation

The global Medical Wearable market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Medical Wearable market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Key regions covered in the report:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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This report is the latest document encompassing the massive changes that took place in the Medical Wearable market following the emergence. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Medical Wearable market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment.

 

  • 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
      1. ECG /Holter Heart Rate Monitors
      2. Pulse Oximeters
      3. Blood Pressure Monitors
      4. 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

 

Valuable Market Insights:

  • The report highlights the latest trends observed in the consumption pattern of each regional segment.
  • Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
  • The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Medical Wearable market.
  • The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

Questions addressed in the report:

  • What is the estimated market growth rate throughout the forecast period?
  • Which end-use industry is expected to witness the highest demand for Medical Wearable in the near future?
  • What is the regulatory framework governing the application of Medical Wearable in the food industry?
  • Which manufacturing processes are utilized for the production of Medical Wearable?

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