Press Release

Wearable Medical Devices Market worth 26.7% CAGR by 2027

July, 2021

" COVID-19 Impact on Wearable medical devices Market, size, share, growth, industry analysis, and forecast 2021-2027 "

Wearable medical devices provide a convenient way of monitoring various physiological features, granting several medical solutions. Not only are these devices convenient for the customers to use, but they provide real-time information for physicians to analyze as well. From the Apple Watch’s EKG capabilities to new constant glucose monitoring systems, wearable medical technologies have a vast collection of potential applications in healthcare.

The fastest expansion in-home healthcare and the elevating demand for remote patient monitoring devices worldwide are the crucial factors responsible for the growth of the wearable medical devices market. In line with this, various studies are developing a feasible solution that will integrate Artificial Intelligence (AI) in wearable medical devices. Moreover, the emergence of the COVID-19 pandemic has resulted in robust demand for the market. With the coronavirus outbreak, the consumers are progressively seeking self-monitoring wearable medical devices to frequently monitor their health condition instead of going to hospitals and clinics for check-ups. In addition to this, the spread of COVID-19 has lead to high health consciousness among consumers. This, in turn, is driving them to opt for wearable medical devices to monitor their health.

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Furthermore, factors such as the rising adoption of mobile platforms and artificial intelligence and 5G technologies are expected to drive the market growth.

The Wearable Medical Device Market research report titled “Wearable Medical Devices Market based on Product, Site, Application, and Geography– Global Forecast up to 2027.

The top-notch companies in the market are Vital Connect Inc, Honeywell International Inc., Fitbit Inc. (Google LLC), Koninklijke Philips N.V., and Apple Inc.

North America is leading the market share, whereas the Asia Pacific region is anticipated to have the highest growth rate. The responsible factors are the presence of a vast patient population, rising usage of smartphones, growing healthcare expenditure, and improved standard of living & economic conditions.

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The report consists of 94 Tables and 64 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.

Wearable Medical Devices Market based on Product

  • Diagnostic Devices
  • Therapeutic Devices

Wearable Medical Devices Market based on Site

  • Handheld
  • Headband
  • Strap/Clip/Bracelet
  • Shoe Sensors
  • Others

Wearable Medical Devices Market based on Application

  • Sports & Fitness
  • Remote Patient Monitoring
  • Home Healthcare

Wearable Medical Devices Market based on Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Mr. Karthick Subramani

Infoholic Research LLP

Marketing & Communication