Military Wearable Medical Device Market Research | Edition 2023 | Recent Developments and SWOT Analysis 2028
Bittium, Polar Electro, Oura, Garmin, NeuroMetrix, GOQii, Apple Inc., Samsung, Fitbit, Zephyr Technology Corporation are some of the major key players.
ISLE OF MAN, ISLE OF MAN, January 23, 2023 /EINPresswire.com/ -- Military Wearable Medical Device Market Value and CAGR
Soldiers must train and work in a harsh environment, the wearable device they carry must be lightweight and provide comprehensive information about the soldier's health and performance. Many market players are developing and introducing such wearable devices that can withstand the harshest battlefield environments.
Military wearable medical device sales are expected to skyrocket in the coming years. The military wearable medical device market was valued at $2.45 billion in 2021 and is expected to reach $5.46 billion by 2026, at a CAGR of 23.1% over the forecast period. The growing demand for wearable medical devices in military operations, the increased emphasis on the development of advanced wearable medical devices, and the increasing adoption of wearable medical devices in military training and exercises are some of the key factors driving market growth.
Military Wearable Medical Device Market Growth Drivers and Risks
Several factors are expected to drive growth in the military wearable medical device market in the coming years. The increasing demand for advanced and dependable medical devices that can be used in military settings is a major driver of growth. Military personnel frequently operate in hazardous environments with limited access to medical care, so having reliable medical devices that can be worn or carried on the person is critical. The increasing adoption of wearable technology in general is another key driver of growth in the military wearable medical device market.
There are also a number of risks that could impede the growth of the military wearable medical device market. One risk is the possibility of technical failures or malfunctions, which could jeopardise the devices' effectiveness and have negative consequences for military personnel. Another risk is the possibility of cyber security breaches, as military wearable medical devices may contain sensitive personal and medical data that could be compromised if hacked.
Military Wearable Medical Device Market Keyplayers
Bittium, Polar Electro, Oura, Garmin, NeuroMetrix, GOQii, Apple Inc., Samsung, Fitbit, Zephyr Technology Corporation are some of the major key players.
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Military Wearable Medical Device Market Segmentations
By Application
• Heart Monitor
• Performance monitor
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Table of content
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global Military Wearable Medical Device Market, by Region, 2019-2027 (USD Billion)
1.2.2. Global Military Wearable Medical Device Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Military Wearable Medical Device Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Military Wearable Medical Device Market Dynamics
3.1. Military Wearable Medical Device Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increasing need for advanced technology
3.1.1.2. Rising R&D investment in military activities
3.1.2. Market Challenges
3.1.2.1. Fluctuating defence budget
3.1.3. Market Opportunities
3.1.3.1. Increasing need to improve military performance
Chapter 4. Global Military Wearable Medical Device Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Military Wearable Medical Device Market, by Application
6.1. Market Snapshot
6.2. Global Military Wearable Medical Device Market by Application, Performance - Potential Analysis
6.3. Global Military Wearable Medical Device Market Estimates & Forecasts by Application, 2018-2027 (USD Billion)
6.4. Military Wearable Medical Device Market, Sub Segment Analysis
6.4.1. Heart Monitor
6.4.2. Performance Monitor
…TOC to be continued…
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