Global Medical Wearables Market is driven by increased popularity and introduction of new innovative products - PMI |
![]() |
![]() |
By GLOBE NEWSWIRE |
Tuesday, 23 June 2020 06:05 |
Covina, CA, June 23, 2020 (GLOBE NEWSWIRE) Covina, CA, June 23, 2020 (GLOBE NEWSWIRE) -- The global medical wearables market accounted for US$ 13.2 billion in 2019 and is estimated to be US$ 104.9 billion by 2029 and is anticipated to register a CAGR of 23.3% Emerging economies such as India, China, and Brazil are projected to offer an extensive range of opportunities for players in the market. Moreover, the increasing adoption of mobile platforms, rising adoption of AI and 5G, and the growing awareness and preference for home healthcare will propel the growth of this market. The report "Global Medical Wearables Market, By Device (Diagnostic, Therapeutic, and Respiratory), By Type (Smartwatch and Patch), By Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029”. Key Highlights:
Request Sample PDF of the Business Intelligence report @ https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/4358 Analyst View: Launch of technologically advanced products Products like smartwatches help to monitor various parameters such as physical activity, pulse rate, and respiratory rate. These products have cloud and Bluetooth connectivity. Advancements in the wrist-worn products, for instance in March 2014, Vital Connect launch Healthpatch for monitoring multiple parameters such as skin temperature, heart tare, and activities like steps count is expected to boost the target market growth. Additionally, the major players like Apple and Samsung have launched mobile apps, which are compatible with medical wearable devices and allows data recording and digital display. Such apps are influencing people toward routine health monitoring, thereby compelling global market growth. Nevertheless, manufacturing of next-generation products and innovative devices that are smartphone compatible by prominent players in this market, can act as a major opportunity for growth of the global medical wearable market. Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Medical Wearables Market”, By Device (Diagnostic, Therapeutic, and Respiratory), By Type (Smartwatch and Patch), By Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029 Ask for a Discount on the Current Pricing @ https://www.prophecymarketinsights.com/market_insight/Insight/request-discount/4358 Key Market Insights from the report: The global medical wearables market accounted for US$ 13.2 billion in 2019 and is estimated to be US$ 104.9 billion by 2029 and is anticipated to register a CAGR of 23.3%. The market report has been segmented on the basis of device, type, application, and region.
To know the upcoming trends and insights prevalent in this market, click the link below: https://www.prophecymarketinsights.com/market_insight/Global-Medical-Wearables-Market-4358 Competitive Landscape: The prominent player operating in the global medical wearables market includes Medtronic plc, Covidien Plc, Siemens AG, Fitbit Inc., Panasonic Corporation, Bayer AG, Smith’s Medical - A Smiths Group Company, Animas Corporation- Johnson & Johnson, Koninklijke Philips N.V., and Owlet Baby Care. The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report. About Prophecy Market Insights Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business. Some Important Points Answered in this Market Report Are Given Below:
Key Topics Covered
Browse Related Reports: To know more Contact Us: Sales Prophecy Market Insights Email- [email protected] "Featured Content" profiles are meant to provide awareness of these companies to investors in the small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. BiomedReports is not paid or compensated by newswires to disseminate or report news and developments about publicly traded companies, but may from time to time receive compensation for advertising, data, analytics and investor relation services from various entities and firms. Full disclosures should be read in the 'About Us Section'. Add this page to your favorite Social Bookmarking websites ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |