Europe, Middle East & Africa Wearable Medical Device, By Type Diagnostic & Monitoring, Sign Monitoring And Therapeutic Devices By Application Fitness, Blood Pressure, Heart Rate, Weight Monitoring And Others By End Users Sports Person, Patients And Others - Forecast To 2023
Key Players for Wearable Medical Device Market:
Some of the major players in this market are Abbott (U.S.), Baxter (U.S.), B. Braun Melsungen AG (Germany), Becton Dickinson and Company (U.S.), Boston Scientific (U.S.), Cardinal Health (U.S.), General Electric Company (U.S.), Johnson & Johnson (U.S.), Medtronic (U.S.), Koninklijke Philips N.V. (Netherland), Siemens (U.S.), and Stryker (U.S.)
Europe Middle & Africa Wearable Medical Device Market have become a trend among youth today People are now concerned about their health and fitness. These devices keep a track of number of activities performed by an individual, for instance, number of steps taken while walking. In the Europe counties people are becoming aware of In Europe, Middle East & Africa, large pool of population have lifestyle diseases such as diabetes and obesity, which has increased the risk of cancer. Moreover, rising lack of exercise, and rising demand for fitness trackers drives the market. On the other hand, high cost of these devices may act as a restrain for the growth of this market.
The Europe, Middle East & Africa wearable medical devices market is expected to grow at a CAGR of 9.2% during the forecast period 2017-2023.
Europe, Middle East & Africa wearable medical devices market has been segmented on the basis of types, applications, and end users. On the basis of types, the market is segmented into diagnostic, vital sign monitoring, and therapeutic devices. On the basis of applications, it is segmented into fitness devices, blood pressure monitoring devices, heart rate monitoring devices, weight monitoring devices, and others. On the basis of the end users, the market is segmented as sports person, patients, and others.
Regional Analysis of Wearable Medical Device Market:
Europe, Middle East & Africa region is divided into countries namely Europe, Middle East & Africa. Europe accounts for the largest market share owing to the demand for technological innovation in medical devices and availability of funds for research and development. Furthermore, increasing demand for fitness and health tracking devices also determine the market growth. Germany is the largest market for wearable devices in the Europe owing to the presence of key market players and overall growth of healthcare industry.
The Middle East region also shows growth in the wearable devices market owing to strengthening healthcare system, and demand for technology in healthcare. In the Middle, lack of physical exercise, lifestyle changes and rising prevalence of chronic diseases are factors driving the growth of this market.
Africa shows sluggish growth in the market due to low technology penetration and slow growth of medical services in this region.
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