Medical Wearable Market Revenue, Statistics, Industry Growth and Demand Analysis Research Report by 2027
The latest research on the Medical Wearable market applies both qualitative and quantitative data analysis to present an overview of the future adjacencies around the Medical Wearable industry for the forecast period, 2020-2027.
The rising prevalence of lifestyle-induced diseases and the soaring demand for continuous monitoring of blood pressure and blood sugar levels have further boosted the demand for wearable medical devices.
The leading companies operating in the global medical wearable market include Apple, Inc., Koninklijke Philips N.V., Omron Healthcare Co., Ltd., GE Healthcare, Medtronic Plc, Biotelemetry, Inc., Abbott Laboratories, Irhythm Technologies, Inc., Dexcom, Inc., and Masimo Corporation.
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Medical Wearable Market Industry Solution Insight
Based on product type, the wristband and activity monitors sub-segment accounts for the largest share in the global medical wearable market. Unhealthy lifestyles, rising demand for self-monitoring wearable devices, and the emergence of multi-functionality wearable medical devices boost the growth of this segment.
The report further emphasizes the developmental strategies undertaken by these companies, including product innovation, new product launches, and technological upgradation. Moreover, the report studies the notable business events observed in this industry, such as mergers & acquisitions, joint ventures, partnerships, corporate deals, and brand promotions.
By Product Type (Revenue, USD Billion; 2017-2027)
o Smartwatches
o Wristbands and activity monitors
o Others (Clothing, glasses, etc.)
Key Geographies Profiled in the Report:
· North America (the U.S., Mexico, and Canada)
· Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
· Europe (the U.K., France, Germany, and Rest of Europe)
· Latin America (Brazil and Rest of Latin America)
· Middle East & Africa (GCC Countries and Rest of Middle East & Africa)
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