123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Opportunities For The Global Wearable Medical Device To Reach $9.4 Billion By 2022

Profile Picture
By Author: Lucintel
Total Articles: 4147
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

According to a new market report published by Lucintel, the future of the global wearable medical device market looks promising with opportunities in home healthcare and remote patient monitoring. The global wearable medical device market is expected to reach an estimated $9.4 billion by 2022 and it is forecast to grow at a CAGR of 14.9% from 2017 to 2022. The major drivers of growth are increasing awareness and importance of fitness and healthy lifestyle, rising chronic diseases, and technological innovations.
In this market, diagnostic wearable and therapeutic wearable are the main segments by application type. On the basis of its comprehensive research, Lucintel forecasts that diagnostic wearable device is expected to show highest growth during the forecast period from 2017 to 2022.
Healthcare and remote patient monitoring are the major segments of global wearable medical device end use market and remote patient monitoring is expected to show above average growth during the forecast period due to its advanced wireless communication technologies to share patient medical records and activity with doctors over a ...
... period of time.
North America is expected to remain the largest as well as the highest growth region due to high disposable income, rising chronic conditions and acceptance of technologically advanced products in this region.

Emerging trends, which have a direct impact on the dynamics of the market, include the increasing usage of wearable biofeedback devices and increasing adoption of cloud technology for interconnected healthcare devices. Medtronic Plc, Roche Holding AG, and Animas Corporation (Johnson & Johnson) are the major manufacturers of the wearable medical device market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global wearable medical device market by end use, application, distribution channel and region, and compiled a comprehensive research report entitled “Growth Opportunities in the Global Wearable Medical Device Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the growth opportunities in the global wearable medical device market by end use type, application, distribution channel and region, as follows:

By Application [Value ($ million) from 2011 to 2022]:
• Diagnostic
o Vital Sign Monitoring
o Neuromodulation
o Fetal and Obstetric
• Therapeutic
o Pain Management Wearables
o Diabetic
o Rehabilitation
o Respiratory
By End Use Market [Value $ million from 2011 to 2022]:
• Healthcare
• Remote Patient Monitoring

By Distribution Channel [Value $ million from 2011 to 2022]:
• Pharmacy and Clinics
• Others and Online

By Region [Value ($ million) and Volume (million units) from 2011 to 2022]:
• North America
o US
o Canada
o Mexico
• Europe
o United Kingdom
o Germany
o France
o Spain
o Italy
• Asia Pacific
o China
o Japan
o Australia
o S. Korea
• The Rest of the World
o Latin America
o Middle East

Total Views: 313Word Count: 421See All articles From Author

Add Comment

Business Articles

1. Unveiling The Material Characteristics Of Plastic Parts
Author: adam.xu

2. Top 5 Beach View Resorts In Chennai For A Memorable Getaway
Author: greenmeadows resort

3. Relationship Counselling Den Haag Brings The Best Chance To Understand Each Other’s Needs!
Author: Angelika Matthias

4. Web Development Company: Guide For Hiring The Best
Author: Sagar Tech

5. Make A Business Website To Get Started Online
Author: Sagar Tech

6. Elevate Your Software Quality With Agile Advisors: Premier Software Testing Consultancy In Dubai, Uae
Author: kohan

7. Affordable Polyester Pleated Mesh From Top Manufacturers
Author: pavitra

8. Empowering Sustainable Development: Agile Advisors As Your Trusted Leed Certification Consultant In Dubai And Uae
Author: kohan

9. Buy Cats Eye Gemstone Online In Ahmedabad
Author: rishabhjains

10. Why Data Destruction And Sanitisation Are Important
Author: Destruction and Sanitisation

11. Stock Market Update: शेयर बाजार में लगातार चौथे हफ्ते बढ़त: क्या तेजी बरकरार रहेगी? जाने इस हफ्ते किन महत्वपूर्ण पहलुओं पर ध्यान देना चाहिए
Author: M Ratlami

12. Perfect Happy New Year Gift For Your Girlfriend Thoughtful Ideas For 2024
Author: MyFlowerTree

13. China Valmax Valve Co., Ltd
Author: China Valmax Valve Co., Ltd.

14. Mastering Clipping Path In Photoshop: A Guide To Precision Editing
Author: Sam

15. Expert Emergency And Cosmetic Dental Care Services For Families And Individuals In St. Louis
Author: Jessica Williams

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: