DUBLIN, July 30, 2021 / PRNewswire / – The “global market for wearable medical devices across product type (monitors/activity tracers, smartwatches, patches, smart clothing), through type, through purpose, through site, through app, through Channel distribution, across business segment, across region, competition and opportunity forecast, 2026” has been added to the ResearchAndMarkets. com offering.
The global market for portable medical devices amounted to USD 17,310 million in 2020 and is expected to grow at a rate of 18. 82%.
The global market for portable medical devices is driven by the developing geriatric population that is vulnerable to various chronic diseases such as diabetes, cardiovascular disease, cancer, among others, which has especially increased the number of patients who require diagnosis, treatment and monitoring of their health.
This, in turn, is expected to increase the demand for wearable medical devices used for fitness monitoring and diagnosis, which will definitely influence the expansion of the market in the coming years. Computing, among others in medical devices and fitnesscare, is expected to bring inventions to the portable medical device segment, driving market expansion in the coming years.
In addition, advances in the telecommunications industry, such as 3G, 4G and 5G, are expected to drive market expansion. In addition, government policies that increasingly support the sale of virtual fitness are expected to drive market expansion during the forecast period. region. Depending on the type of product, the market place can be fragmented into activity monitors/trackers, smartwatches, patches, and smart clothing.
Of these, the type of activity monitors/trackers dominated the global market in 2020 with a percentage of around 54. 25% due to the increasing prevalence of chronic and lifestyle-related diseases. In addition, the expansion of this market segment can also be attributed to the development of the world’s population’s awareness of health maintenance, which has led to an increasing adoption of self-monitoring of major organs.
In addition, activity monitors/monitors are cost-effective and easy to use, etc. In addition, the presence of a giant number of commercial production monitors/monitors from international corporations is expected to drive segmental expansion over the next five years. distribution channel, the market can be divided into non-store and in store.
The out-of-store segment dominated the market in the market in which they were located in the market in 2020 with a market share in which they were located in the market at approximately 69. 87%. This can be attributed to the increasing proliferation of the internet and the emergence of various e-commerce platforms that promote portable medical devices online. the portable medical device market has been segmented into North America, Europe, Asia-Pacific, South America, middle east and Africa. Among those regions, North America is expected to dominate the medical device market in 2020 with a share of 37. 45% due to construction in smartphones and internet proliferation.
In addition, the growing customer demand for wearable devices with which they can monitor their health, especially fitness, is expected to particularly stimulate market expansion in the region during the forecast period. to remain competitive in the market. Other competitive methods come with mergers and acquisitions.
The major players operating in the wearable medical device market are Apple, Inc. , Abbott Laboratories, Inc. , Dexcom Inc. , Fitbit Inc. , LG Electronics Inc. and others.
For example, in 2020, Fitbit Inc. introduced an activity tracker, Fitbit Charge 4. Fitbit Charge four makes every minute count and helps users achieve their goals with a greater understanding of their framework and activity. It has an integrated GPS. formula with up to 7 days of autonomy. The device provides a map of educational intensity, analysis of sleep quality, frequency zones of the tradition center, among others.
Competitive landscape
Company Profiles: Detailed investigation of the leading corporations in the global wearable medical device market.
Abbott Laboratories, Inc.
Dexcom Inc.
Fitbit Inc.
LG Electronics Inc.
Omron Company
IRhythm Technologies Inc.
Boston Scientific Society
Medtronic plc.
Koninklijke Philips N. V.
Scope of the report:
Years for this report:
Historical years: 2016-2019
Reference year: 2020
Estimated year: 2021
Forecast period: 2022-2026
Global medical device market, across product type:
Activity monitors/trackers
Smart watches
Patches
Smart clothing
Global medical device market, through the type:
Diagnostic devices
Therapeutic devices
Global medical device market, through the objective:
Heart rate
Physical activities
Oxygen saturation in the blood
blood pressure
Hearing aids
body temperature
posture
other
Global medical device market, through the site:
Strap / Clip / Bracelet
Mano
bandage
Footwear sensors
other
Global market for portable medical devices, through the application:
General and fitness
Remote monitoring
Home care
Global medical device market, through the distribution channel:
Not store-based
In the warehouse
Global market for portable medical devices, through the business segment:
B2C
B2B
Global portable device market, across the region:
North America
United States,
Canada
mexico
Europe
germany
france
United Kingdom
italy
Spain
Pacific
porcelain
india
Japan
South Korea
Australia
South america
Brazil
Argentina
Colombia
Middle East and Africa
South Africa
Saudi Arabia
United Arab Emirates
Kuwait
For more information about this report, https://www. researchandmarkets. com/r/pa2z3v
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SOURCE Research and Markets