Pune, India -- (SBWIRE) -- 03/22/2019 -- Wearable Medical Devices Market is expected to reach US$ 23,310.9 Mn in 2025 from US$ 6,231.7 Mn in 2017. The market is estimated to grow with a CAGR of 18.1% from 2018-2025. The report highlights the trends prevalent in the global wearable medical devices market and the factors driving the market along with those that act as deterrents to its growth.

Global wearable medical devices market, based on the device type was segmented into diagnostic & monitoring devices and therapeutic devices. In 2017, the diagnostic & monitoring devices segment held the largest share of the market, by device type. The segment is also expected to witness growth at a significant rate during the forecast period, owing to the rising awareness regarding fitness.

The List of Companies

1. Xiaomi Technology Co., Ltd
2. Samsung Electronics Co. Ltd.
3. Fitbit, Inc.
4. Garmin Corporation
5. Apple Inc.
6. Huawei Technologies Co., Ltd.
7. Polar Electro
8. OMRON Corporation
9. Activinsights Ltd.
10. VitalConnect

The new wearables offer novel and sophisticated ways for consumers to track their activities and receive fitness coaching, based on scientific research. These product innovations and launches are expected to propel the growth of the wearable medical devices market during the forecast period.

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The market for wearable medical devices is expected to grow due to the rising geriatric population, increase in the prevalanece of various chronic illnesses and the growth in awareness regarding fitness. In addition, rising concerns regarding home healthcare is anticipated to have a positive impact on the growth of the wearable medical devices market in the coming years.

The Wearable Medical Devices Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2025, considering 2018 as the base year and 2018 – 2025 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

The report segments the global wearable medical devices market as follows:

Global Wearable medical devices Market - By Device Type

- Diagnostic & Monitoring Devices

-Vital Signs Monitoring Devices
-Glucose Monitoring Devices
-Sleep Monitoring Devices
-Other Devices

- Therapeutic Devices

-Pain Management Devices
-Rehabilitation Devices
-Respiratory Therapy Devices
-Insulin Pumps

Global Wearable medical devices Market - By Application

- Remote Patient Monitoring
- Sports & Fitness
- Home Healthcare

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Reason to Buy:

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Wearable Medical Devices Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Wearable Medical Devices, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.