The report on Wearable Medical Devices Market by diagnostic (vital sign monitors, ECG monitors), therapeutic devices (pain management devices, insulin monitoring devices, respiratory therapy devices), site of application (handheld, headband, strap, shoe sensors) trends analysis and forecasts up to 2022 studies the market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to the report the Global Wearable Medical Devices Market is projected to grow at a CAGR of 20.7% in terms of value over the period of 2016-2022. The growth in the world market is primarily driven by significant contribution by North America (Leading region) region to this market.

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The wearable medical devices market has grown significantly over the past few years as innovations and advancements in electronics, material sciences and sensor technologies have allowed various startups to introduce relatively inexpensive and fashionable devices into the market. In addition, consumer interest in personal health, growing awareness about wearable devices among the population, rise in geriatric population, increasing benefits from wearable devices and rise in disposable income, are the factors that have helped to propel this market forward. Furthermore, increasing focus on innovations by tech start-ups and favorable government policies are also driving the market in the coming years. Along with these above-mentioned driving factors, there are some restraints which are expected to hinder the market growing in coming years. Privacy issues, unaddressed regulatory issues, unfashionable products, technical difficulties and cost of these products are some of the restraining factors, which could hinder the market.

Segment Coverd:

Based on type of devices, the market for wearable medical devices is segmented to diagnostic, therapeutic devices and site of application. Among these, diagnostic devices further divided into vital sign monitors, sleep and activity monitors, fetal and obstetric monitors, neuro-monitoring devices, and ECG monitors. Therapeutics devices are segmented into pain management devices, insulin monitoring devices, respiratory therapy devices, and rehabilitation devices. Based on the site of application, the market is segmented into handheld, headband, strap, shoe sensors and others.

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Geographic Coverage:

Geographically, the market is divided into the Americas, EMEA (Europe, Middles East and Africa), and Asia-Pacific. Asia-Pacific region is expected to display the fastest growth for wearable medical devices during the forecast period. Growing awareness among the population, increasing disposable income, and rising incidence rate of chronic diseases are few factors promoting growth in this region. Whereas, the Americas region is expected to maintain its lead throughout the forecast period, owing to presence of large number of players, immediate acceptance of innovative products by the consumers and increasing demand for wearable devices.

Companies profiled:

The company profile section include detailed analysis of some of the key players such as Philips Electronics, Omron Corporation, Zephyr Technology Corporation, Fitbit Inc., Johnson and Johnson, The Boston Scientific Corporation, and Life Watch AG.

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Report Highlights:

The report delivers a strategic analysis of the global market for wearable medical devices, and growth forecast for the period from 2016 – 2022. The scope of the report includes competitive analysis of various market players who are operating in the market, segmental analysis based on type of devices and application areas. It also covers geographical analysis of the market with growth forecast for the period of 2016 – 2022. The Porter’s Five Forces analysis and competitive analysis included in the report provides an insight into market dynamics and industry competition.

The study also provides information for recent merger and acquisition deals happened in the market. Moreover, the report also includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry, financial analysis and various business strategies adopted by them. This report will help players in global wearable medical devices market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.