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Wearable Medical Devices Market Report 2022: Increasing Adoption of Medical Technology Presents Opportunities for Growth

December 20, 2022

Dublin, Dec. 20, 2022 (GLOBE NEWSWIRE) -- The "Wearable Medical Devices Market, by Product Type, by Application, by End user and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering. This report provides an in-depth analysis of the global wearable medical devices market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year Increases in awareness and health facilities and advancement in technology and innovation in the devices are some of the factors propelling the wearable medical devices market growth. Smart watch, wristband, and smartphones are some of the wearable medical devices which are targeted by the companies. This is owing to factors such as their high demand and user friendly approach, and it also reduces hospital-based expenditure. In the near future medical technology is expected to play a major role in healthcare services. These wearable medical devices help pharmaceutical companies in conducting valuable clinical trials. Wearable medical devices can also help in detection of early symptoms of some diseases .Wearable medical devices are available in wide range with different functions such as alerting mechanism, real-time feedback, and wireless data transmission.Market DynamicsIncreasing number of product launches of medical devices is expected to drive the market growth over the forecast period. For instance, on August 11, 2022, Oticon, a hearing aid manufacturer launched 'the Power of the Groundbreaking Polaris Platform' to its new custom hearing range designed to provide optimum comfort. This small in the ear design is invisible to 9 out of 10 users, this has been made possible through advanced miniaturization technique. This new hearing aid comes with customized fitting and can be fitted to level 90. More users can really choose to have an in-the-ear (ITE) style due to the smaller shape, which allows experts to accommodate more ears.Key features of the study: It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this marketThis study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key playersIt profiles key players in the global wearable medical devices market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategiesKey companies covered as a part of this study include Current Health, Sorrel Medical, Willow, Aeroflow Breastpumps, Medtronic plc, Hoffmann-La Roche Ltd., Koninklijke Philips N.V., Smiths Medical, Johnson and Johnson, Siemens AG, Fitbit Inc., Sonova, Panasonic Corporation, Fitbit, Garmin International, Lifewatch AG, Apple Inc. Omron Corporation, Xiaomi Inc., Huawei Technologies Co. Ltd., Dragerwerk AG, Nokia Technologie,s Nymi Inc., Noise, Zepp Health Corporation, Fastrack, SAMSUNG, Wearable X, Ambiotex, Komodo Technologies, Carre Technologies Inc., Siren.Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tacticsThe global wearable medical devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analystsStakeholders would have ease in decision-making through various strategy matrices used in analyzing the global wearable medical devices market Detailed Segmentation:Global Wearable Medical Devices Market, By Product Type: Wearable Therapeutic Medical DevicesHearing AidsInsulin PumpRespiratory Therapy DevicesSleep Apnea DevicesNon-invasive Ventilation DevicesWearable Monitoring and Diagnostic DevicesFetal and Obstetric DevicesContinuous Glucose Monitoring DevicesCardiac Monitoring DevicesWearable Heart Rate MonitorsWearable Pulse OximeterWearable Blood Pressure MonitorHealth and Fitness Devices Global Wearable Medical Devices Market, By Application: Patient MonitoringHealth & FitnessHome HealthcareGlobal Wearable Medical Devices Market, By End UserClinicsHospital PharmaciesOnline ChannelsHypermarketsIndividuals Global Wearable Medical Devices Market, By Region: North AmericaBy CountryU.S.CanadaLatin AmericaBy CountryBrazilMexicoArgentinaRest of Latin AmericaEuropeBy CountryGermanyU.K.FranceItalySpainRussiaRest of EuropeAsia PacificBy CountryChinaIndiaJapanAustraliaSouth KoreaASEANRest of Asia PacificMiddle EastBy CountryGCCIsraelRest of Middle EastAfricaBy Region/CountrySouth AfricaCentral AfricaNorth Africa Company Profiles Current HealthSorrel MedicalWillowAeroflow BreastpumpsMedtronic plcHoffmann-La Roche Ltd.Koninklijke Philips N.V.Smiths MedicalJohnson and JohnsonSiemens AGFitbit Inc.SonovaPanasonic CorporationGarmin InternationalLifewatch AGApple Inc.Omron CorporationXiaomi Inc.Huawei Technologies Co. Ltd.Dragerwerk AGNokia Technologie,sNymi Inc.NoiseZepp Health CorporationFastrackSAMSUNGWearable XAmbiotexKomodo TechnologiesCarre Technologies Inc.Siren Key Topics Covered: 1. Research Objectives and Assumptions 2. Market Purview 3. Market Dynamics, Regulations, and Trends Analysis 4. Global Wearable Medical Devices Market - Impact of Coronavirus (Covid-19) Pandemic 5. Global Wearable Medical Devices Market, By Product Type, 2017 - 2030, (US$ Million) 6. Global Wearable Medical Devices Market, By Application, 2017 - 2030, (US$ Million) 7. Global Wearable Medical Devices Market, By End User, 2017 - 2030 (US$ Mn) 8. Global Wearable Medical Devices Market , By Region, 2017 - 2030, (US$ Million) 9. Competitive Landscape 10. Section For more information about this report visit https://www.researchandmarkets.com/r/bar8ll

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