2020 Wearable Medical Devices Market, Size, Share, Outlook and Growth Opportunities -2026
- ID:OGAHM1960558
- Published: June-2021
- Pages:130
- OGAnalysis
Coronavirus Update for Global Wearable Medical Devices Market size, Outlook and Opportunities 2020-2026: By Product (Diagnostic Devices, Sleep Monitoring Devices, Electrocardiographs Fetal & Obstetric Devices, Neuromonitoring Devices and Others) and By Region
Global Wearable Medical Devices Market Definition and Scope
A wearable medical device can be defined as a device that is autonomous, that is noninvasive, and that performs a specific medical function such as monitoring or support over a prolonged period of time.
The term ''wearable'' implies that the support environment is either the human body or a piece of clothing.
Increase in market demand for Wearable devices as they offer individuals the much-needed data and greater visibility to control their health outcomes, and make informed decisions during the ongoing COVID-19 pandemic.
Global Wearable Medical Devices Market Trends for Coronavirus Updates
Wearable medical devices market value to reach USD 11.3 billion at a CAGR of 23.6 % during the forecast period.
In addition, advances in health sensing and monitoring tech to help with remote care for those in self-isolation or vulnerable situations during the CVID-19 pandemic.
Also, the integrated approach to health monitoring and measurement also provide more accurate alerts to anomalous physiological changes.
Global Wearable Medical Devices Market Drivers and Challenges
Wearable Medical devices for respiratory monitoring enable healthcare providers to continuously track the breathing parameters of patients with Coronavirus.
Further, The COVID-19 pandemic is accelerating digital transformation. Likewise, data collected from personal medical sensors can improve remote patient monitoring, enhance our pandemic response, and track secondary effects of COVID-19.
A wearable medical device helps by observation of physiological signals and health behaviors, intervention based on sensor feedback, and prediction of behaviors and disease development through pattern recognition.
Challenges of Wearable Medical Devices Market Size
Impact of Coronavirus on the wearable medical devices market application is challenging owing to quarantine, traveling constraints and social distancing measures on a broad-scale drive a steep decline in commercial and consumer spending.
This research work intends to offer market companies with a viewpoint on the changing scenario and implications for the market players.
Global Wearable Medical Devices Market Segmentation
Wearable medical devices market outlook is segmented by Product and further sub divided into Diagnostic Devices, Sleep Monitoring Devices, Electrocardiographs Fetal & Obstetric Devices, Neuromonitoring Devices and Others devices.
The market companies contributing in the wearable medical devices market include Fitbit, Philips, LifeWatch, Garmin, Omron, Drägerwerk, Nokia Technologies, Jawbone, Polar, Activeinsights, and VitalConnect among others.
Regional aspects of Global Wearable Medical Devices Market Analysis
As the outbreak numbers increases Coronavirus is taking the lead spot in news around the world, mostly every organization and companies all over the world are taking major steps to fight against COVID-19.
Recently, a program in San Francisco was using mHealth wearables to remotely monitor frontline healthcare workers for Coronavirus symptoms.
However, owing to widespread adoption of smartphones, enabling active survey data collection, passive localization, and digital contact tracing it is clear that wearables-based data collection will be a common feature of smartphone-based public health surveillance in the United States.
Also, More than a million people have now registered with NHS login following an upsurge in demand for digital services during the Coronavirus pandemic.
Whereas, in Asia Pacific the Shanghai Public Health Clinical Center (SPHCC) is using VivaLNK's continuous temperature sensor to combat the spread of Coronavirus in China.
Additionally, wide-ranging report covers regional analysis of Asia Pacific, North America, Europe, Latin America and Middle East Africa for estimated time period of 2020 to 2026.
1. Table of Contents
1.1. List of Tables
1.2. List of Figures
2. A Review of 2020 and Outlook to 2026
2.1. Trend Analysis
2.2. Critical Success Factors
2.3. Demand and Growth Dynamics by Type
2.4. Demand and Growth Dynamics by Application
2.5. Demand and Growth Dynamics by Market
3. Strategic Analysis
3.1. Largest Drivers of Wearable Medical Devices Market Growth
3.2. Different Challenges Faced by Wearable Medical Devices Companies
3.3. Five Forces Analysis
4. Global Wearable Medical Devices Market Outlook by Product
4.1 Diagnostic Devices
4.1.1 Vital Sign Monitor
4.1.2 Heart Rate Monitors
4.1.3 Activity Monitors
4.1.4 Electrocardiographs
4.1.5 Pulse oximeters
4.1.6 Spirometers
4.1.7 Blood pressure Monitors
4.1.8 Others
4.2 Sleep Monitoring Devices
4.2.1 Sleep Trackers
4.2.2 Wrist Actigraphs
4.2.3 Polysomnographs
4.2.4 Other
4.3 Electrocardiographs Fetal & Obstetric Devices
4.4 Neuromonitoring Devices
4.4.1 Electroencephalographs
4.4.2 Electromyographs
4.5 Others
5 Asia Pacific Wearable Medical Devices Market Outlook
5.1 Leading Wearable Medical Devices Types contributing to Asia Pacific market
5.2 Top Applications contributing to Asia Pacific Wearable Medical Devices
5.3 Top countries contributing to Asia Pacific Wearable Medical Devices
6 Europe Wearable Medical Devices Market Outlook
6.1 Leading Wearable Medical Devices Types contributing to Europe market
6.2 Top Applications contributing to Europe Wearable Medical Devices
6.3 Top countries contributing to Europe Wearable Medical Devices
7 North America Wearable Medical Devices Market Outlook
7.1 Leading Wearable Medical Devices Types contributing to North America market
7.2 Top Applications contributing to North America Wearable Medical Devices
7.3 Top countries contributing to North America Wearable Medical Devices
8 South and Central America Wearable Medical Devices Market Outlook
8.1 Leading Wearable Medical Devices Types contributing to South and Central America market
8.2 Top Applications contributing to South and Central America Wearable Medical Devices
8.3 Top countries contributing to South and Central America Wearable Medical Devices
9 Middle East Africa Wearable Medical Devices Market Outlook
9.1 Leading Wearable Medical Devices Types contributing to Middle East Africa market
9.2 Top Applications contributing to Middle East Africa Wearable Medical Devices
9.3 Top countries contributing to Middle East Africa Wearable Medical Devices
10 Company Profile Snapshots
10.1 Top Companies Operating in Wearable Medical Devices market
10.2 Everist Health Business Profile, SWOT and Financial Analysis
10.3 Fitbit Inc. Business Profile, SWOT and Financial Analysis
10.4 Garmin Business Profile, SWOT and Financial Analysis
10.5 Intelesens Ltd Business Profile, SWOT and Financial Analysis
10.6 Koninklijke Philips N.V. Business Profile, SWOT and Financial Analysis
10.7 LifeWatch AG Business Profile, SWOT and Financial Analysis
10.8 Omron Corporation Business Profile, SWOT and Financial Analysis
10.9 Polar Electro Business Profile, SWOT and Financial Analysis
10.10 Sotera Wireless Business Profile, SWOT and Financial Analysis
10.11 Zephyr Technology Corporation Business Profile, SWOT and Financial Analysis
11 Recent Industry Developments
12 Appendix
12.1 OGAnalysis Expertise
12.2 Sources and Methodology
12.3 Contacts
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