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  • 3 July 2019 20:31

Wearable Medical Devices Market Opportunities and Forecast, 2018 - 2026

According to Acumen Research & Consulting, The global wearable medical devices market’s value is expected to touch USD 30.2 billion by the end of year 2026 and the market is likely to showcase a CAGR of 18.0% during the approaching years.

The global wearable medical devices market’s value is expected to touch USD 30.2 billion by the end of year 2026 and the market is likely to showcase a CAGR of 18.0% during the approaching years.

A wearable medical device can be defined as a device that is autonomous, that is noninvasive, and that performs a specific medical function such as monitoring or support over a prolonged period of time. The term ''wearable'' implies that the support environment is either the human body or a piece of clothing.

Wearable Health Devices (WHDs) are increasingly helping people to better monitor their health status both at an activity/fitness level for self-health tracking and at a medical level providing more data to clinicians with a potential for earlier diagnostic and guidance of treatment. The technology revolution in the miniaturization of electronic devices is enabling to design more reliable and adaptable wearables, contributing for a world-wide change in the health monitoring approach. In this paper we review important aspects in the WHDs area, listing the state-of-the-art of wearable vital signs sensing technologies plus their system architectures and specifications.

Market Segmentation

Market By Device: Diagnostic and Monitoring Devices, Therapeutic Devices

Market By Product Type: Smart Watches, Activity Monitors, Patches, Smart Clothing

Market By Application:Sports & Fitness, Home Healthcare, Remote Patient Monitoring

Market By Distribution Channel:Online Channels, Pharmacies, Hypermarkets

Market By Geography: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Market Participants

VitalConnect, Xiaomi Technology Co., Ltd, Activinsights Ltd., Samsung Electronics Co. Ltd., OMRON Corporation, Fitbit, Inc., Polar Electro, Garmin Corporation, Apple Inc., and Huawei Technologies Co., Ltd. are important companies working in the global wearable medical devices market.

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