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WEARABLE MEDICAL DEVICES

Global Market Trajectory & Analytics

MCP-7956

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  •  DATE

    JULY 2020

  •  TABLES

    104

  •  PAGES

    220

  •  EDITION

    18

  •  PRICE

    USD $5600


COVID-19 IMPACT SURVEY
Amid the COVID-19 crisis, the global market for Wearable Medical Devices estimated at US$12.4 Billion in the year 2020, is projected to reach a revised size of US$52.7 Billion by 2027, growing at a CAGR of 23% over the period 2020-2027.Diagnostic Devices, one of the segments analyzed in the report, is projected to grow at a 20.3% CAGR to reach US$30.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Therapeutic Devices segment is readjusted to a revised 27.7% CAGR for the next 7-year period. This segment currently accounts for a 31.7% share of the global Wearable Medical Devices market.
The Wearable Medical Devices market in the U.S. is estimated at US$3.7 Billion in the year 2020. The country currently accounts for a 29.86% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$9.3 Billion in the year 2027 trailing a CAGR of 22.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.5% and 19.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.2% CAGR while Rest of European market (as defined in the study) will reach US$9.3 Billion by the year 2027.We bring years of research experience to this 18th edition of our report. The 220-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others, Apple, Inc.; Everist Health; Fitbit, Inc.; Garmin International, Inc.; Google LLC; Medtronic, Inc.; Nike, Inc.; Omron Corporation; Philips Healthcare; Polar Electro Oy; Sotera Wireless, Inc.; Vital Connect, Inc.; Withings
» Product (Diagnostic Devices, and Therapeutic Devices) » End-Use (Handheld, Headband, Strap/Clip/Bracelet, Shoe Sensors, and Other End-Uses) » Application (Sports & Fitness, Remote Patient Monitoring, and Home Healthcare)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » and Rest of Europe » Asia-Pacific » Rest of World

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