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Wearable Medical Devices Market To Record Double-Digit Growth Over 18.4% By 2025

Wearable Medical Devices Market

Wearable Medical Devices Market

Wearable Medical Devices Market value is estimated at 24,941 USD Million by 2025 and is projected to grow at a CAGR of over 18.4% during the period 2019 to 2025

Wearable Medical Devices Market value is estimated at 24,941 USD Million by 2025 and is projected to grow at a CAGR of over 18.4% during the period 2019 to 2025”
— Zion Market Research

NEW YORK, NEW YORK, UNITED STATES, February 24, 2020 /EINPresswire.com/ -- With the presence of a large pool of participants, the global wearable medical devices market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR).

This review is based on a report by Zion Market Research, titled “Wearable Medical Devices Market - By Device Type (Diagnostic & Monitoring Devices and Therapeutic Devices), By Application (Sports & Fitness, Home Healthcare, and Remote Patient Monitoring), By Type (Activity Monitors, Smart Clothing, Patches, and Smartwatches), By Distribution Channel (Pharmacies, Hypermarkets, and Online Channel), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2025."

The growth of the wearable devices market over the forecast period is due to the ability of these products in monitoring blood pressure, electrophysiology, body temperature, heart rate, and myriad sweating biomarkers. Apart from this, wearable medical devices can also be placed on skin epidermis and inserted via the skin for determining biochemical signals along with delivering medicines to the user.

Get Free Research Report Sample PDF for more Insights - https://www.zionmarketresearch.com/sample/wearable-medical-devices-market

According to Forbes, wearable technology is likely to witness a prominent surge over the coming two decades and this is likely to boost the cost savings for the healthcare industry in the foreseeable future. Moreover, the cost-savings is the result of accurate prediction ability of wearable devices. This, in turn, will embellish the growth of wearable medical devices industry over the forecast period.

Furthermore, wearable technologies functioning in integration with artificial intelligence can help in accurately determining the symptoms of severe diseases such as heart and diabetes. This will assist the patients in seeking effective medical treatment with better prognosis and prevent long & expensive modes of treatment. Precisely, the growing wearable artificial intelligence (AI) market trends will further prompt the growth of wearable medical devices market over the forthcoming years.

Sports & Fitness Segment To Dominate Application Landscape By 2025

The segmental growth over the forecast period is credited to growing awareness about maintaining good health among youth as well as elderly persons. Apart from this, need to measure the levels of physical fitness after exercises in gym or after outdoor activities with the help of wearable medical devices will boost the segmental growth.

Browse TOC and Free Analysis of this Report - https://www.zionmarketresearch.com/market-analysis/wearable-medical-devices-market

North America To Dominate Overall Market Growth During 2019-2025

The growth of the regional market over the forecast period is credited to presence of robust healthcare infrastructure facility, highlight on technological enhancements, and easy access to advanced healthcare apps & compatible equipment. Availability of national health insurance policies including Medicaid and Medicare in the countries like the U.S. will further expedite the regional market growth over 2019-2025.

Key players involved in the wearable medical devices market include Samsung Electronics Co., Ltd., Activinsights Ltd., Xiaomi Corporation, Fitbit, Inc., Apple Inc., Garmin Limited, Huawei Technologies Co., Ltd., OMRON Corporation, Polar Electro Oy, and VitalConnect.

The global wearable medical devices market is segmented as follows:

By Device Type

Diagnostic and Monitoring Devices
Vital Sign Monitoring Devices
Sleep Monitoring Devices
Glucose Monitoring Devices
Fetal Monitoring and Obstetric Devices
Neuromonitoring Devices
Therapeutic Devices
Rehabilitation Devices
Respiratory Therapy Devices
Pain Management Devices
Insulin Pumps

By Application

Sports and Fitness
Home Healthcare
Remote Patient Monitoring
By Type

Activity Monitors
Smart Clothing
Patches
Smartwatches

By Distribution Channel

Pharmacies
Hypermarkets
Online Channel

By Region

North America
The U.S.
Canada

Europe
France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

Browse more Medical Device Market Research Reports - https://www.zionmarketresearch.com/category/medical-device

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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Zion Market Research
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