Global Wearable Medical Devices Market to Exhibit Strong Growth During 2020-2025

 According to the latest report by IMARC Group, titled “Wearable Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global wearable medical devices market grew at a CAGR of around 22% during 2014-2019 and expected to continue its strong growth during the next five years.

Wearable medical devices are autonomous instruments that provide medical monitoring or support over a prolonged period. These devices are either embedded into clothing or worn as an accessory. They incorporate noninvasive physiological sensors, wireless data transmission capabilities, medical feedback and data processing modules. In recent years, wearable medical devices have gained immense popularity as they provide supporting hardware to cope with the evolving medical trend of offering point-of-care treatment. They also ensure unregulated medical supervision and assistance in the remote management of medical conditions for rehabilitating the chronically ill and disabled patients.

According to the World Health Organization (WHO), chronic diseases, such as ischemic heart disease (IHD), stroke and diabetes, are becoming the world’s leading causes of death and disability. This has increased the use of wearable technology among individuals to collect data and monitor their health. Besides this, the recent outbreak of the coronavirus disease (COVID-19) has led to innovations in wearable medical devices for telehealthcare, thereby enhancing the usability, efficiency and popularity of home-based telemedicine.

Request Free Sample Report: https://www.imarcgroup.com/wearable-medical-devices-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Wearable Medical Devices Market 2020-2025 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Abbott Laboratories, Apple Inc., Dexcom Inc., Fitbit Inc. (Google LLC), Garmin Ltd., Honeywell International Inc., Koninklijke Philips N.V., Medtronic Plc, Omron Corporation and Vital Connect Inc.

The report has segmented the market on the basis on region, device type, product, application and distribution channel.

Breakup by Device Type:

· Diagnostic Devices

Vital Sign Monitoring

Sleep Monitoring

Electrocardiographs and Obstetric Devices

Neuromonitoring Devices

· Therapeutic Devices

Pain Management Devices

Insulin Delivery Devices

Rehabilitation Devices

Respiratory Therapy Devices
 

Breakup by Product:

· Activity Monitors

· Smartwatches

· Patches

· Smart Clothing

· Hearing Aids

· Others
 

Breakup by Application:

· Sports and Fitness

· Remote Patient Monitoring

· Home Healthcare
 

Breakup by Distribution Channel:

· Offline

· Online
 

Breakup by Region:

· North America

United States

Canada

· Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

· Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

· Latin America

Brazil

Mexico

Others

· Middle East and Africa

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/wearable-medical-devices-market

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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