Medical Wearable Market Size, Future Trends, Emerging Growth factors and Regional Forecast to 2027 | Emergen Research
Medical Wearable Market Size โ USD 7.37 Billion in 2019, Market Growth - CAGR of 21.5%
VANCOUER, BC, CANADA, May 11, 2022 /EINPresswire.com/ -- According to Emergen Research, the global medical wearable market size was USD 7.37 Billion in 2019 and is expected to reach USD 34.89 Billion by 2027 and register a revenue CAGR of 21.5% during the forecast period, 2020-2027. 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.
The growing demand for remote patient monitoring and home healthcare devices will drive the demand for the medical wearable market.The self-monitoring medical wearable devices will witness lucrative growth. The surge in the incidence of cardiac diseases and chronic diseases will impact the market positively. An increase in the penetration of 4G networks and growing demand for 5G connection will also augment the demand for the market.
๐๐ฅ๐ข๐๐ค ๐๐๐ซ๐ ๐ญ๐จ ๐๐๐๐๐ฌ๐ฌ ๐ ๐ซ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.emergenresearch.com/request-sample/406
The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ :
Social distancing and restrictions severely disrupted businesses and operations
Lockdowns caused disruptions in transportation and logistics
Impacted manufacturing activities and mining operations globally
Took a toll on economy of various countries
Caused sudden and drastic downturn in economic activity
Disrupted agriculture, fisheries, dairy, and other sectors
Caused loss of employment and financial crisis
Supply impacts were further compounded owing to reduced disposable income
Emergence of variants continue to cause concerns and impact normal routines
๐๐จ๐ฆ๐ ๐๐๐ฒ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ :
The wristband and activity monitor segment held the largest share in the product segment. The medical alert wristbands and bracelets offer a much-needed safety blanket to people with allergies and other various conditions. It helps to make aware of ailments leading to more effective and faster emergency treatment.
A pulse oximeter is a lightweight, small device used to monitor the amount of oxygen carried in the body. This tool is attached painlessly to a patientโs fingertip to measure their pulse rate and amount of oxygen in the system.
Hospitals held the largest share in the medical wearable market. This is due to the increasing investment in the healthcare system and the growing prevalence of chronic and infectious diseases.
The market for the Asia Pacific is presumed to expand at a high CAGR throughout the forecast timeframe. The regional growth can be accredited to India, Japan, and China owing to factors such as the growing advancements by prominent players in these countries and increased support from the government.
๐๐ฎ๐ฒ ๐ฒ๐จ๐ฎ๐ซ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐จ๐ฉ๐ฒ@ https://www.emergenresearch.com/select-license/406
๐๐๐ฃ๐จ๐ซ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฎ๐๐:
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
๐ ๐จ๐ซ ๐ญ๐ก๐ ๐ฉ๐ฎ๐ซ๐ฉ๐จ๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐๐ฆ๐๐ซ๐ ๐๐ง ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ก๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐ฆ๐๐๐ข๐๐๐ฅ ๐ฐ๐๐๐ซ๐๐๐ฅ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐จ๐ง ๐ญ๐ก๐ ๐ฉ๐ซ๐จ๐๐ฎ๐๐ญ, ๐๐๐ฏ๐ข๐๐ ๐ญ๐ฒ๐ฉ๐, ๐๐ง๐-๐ฎ๐ฌ๐๐ซ, ๐๐ง๐ ๐ซ๐๐ ๐ข๐จ๐ง:
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
ECG /Holter Heart Rate Monitors
Pulse Oximeters
Blood Pressure Monitors
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
Read Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/medical-wearable-market
Regional Outlook (Revenue, USD Billion; 2017โ2027)
North America
S.
Canada
Mexico
Europe
Germany
France
K.
Italy
Spain
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
A.E.
South Africa
Turkey
Rest of MEA
๐๐ก๐ฒ ๐ฌ๐ก๐จ๐ฎ๐ฅ๐ ๐ฒ๐จ๐ฎ ๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐๐๐ข๐๐๐ฅ ๐๐๐๐ซ๐๐๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ ๐ซ๐๐ฉ๐จ๐ซ๐ญ?
The study paper dissects the total market potential of major regions with strengths, opportunity and challenge, constraints, and dangers.
By identifying the high-improvement locations, the study inspects the open entryways, keeping an eye out for accomplices.
It examines each submarket in terms of a single improvement design and its contribution to the Medical Wearable Market
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐๐๐๐ซ๐๐ ๐๐ฒ ๐๐ฆ๐๐ซ๐ ๐๐ง ๐๐๐ฌ๐๐๐ซ๐๐ก:
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WATCH NOW: The global Medical Wearable Market is forecasted to be worth USD 34.89 Billion by 2027, according to a current analysis by Emergen Research at https://www.youtube.com/watch?v=haUW8gd53m4
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