Wearable Medical Devices Market By Product (therapeutic Devices [respiratory Therapy Devices, Rehabilitation Devices, Insulin/glucose Monitoring Devices, Pain Management Devices] And Diagnostic Devices [vital Sign Monitoring Devices, Sleep Monitoring Devices, Electrocardiographs Fetal And Obstetric Devices And Neuromonitoring Devices) And Application (remote Patient Monitoring, Home Healthcare And Sports And Fitness) - Global Industry Analysis And Forecast To 2023
Published On : July 2018 Pages : 190 Category: Medical Devices Report Code : HC071121
Industry Outlook and Trend Analysis
The Wearable Medical Devices Market was worth USD 3.68 billion in 2017 and is expected to reach approximately USD 16.65 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 18.26% during the forecast period. Wearable medical devices are handheld tools for monitoring that are utilized for identifying and monitoring disease. Because of the Increase in chronic illnesses, patients are picking healthcare at home as a practical and efficient method for treatment, as opposed to hospital services. Rising requirement for viably overseeing chronic disorders, developing number of disorders related to lifestyle, advent of cutting edge devices for healthcare management, expanded concentration towards healthy lifestyle are factors anticipated to boost the growth of the market. Also, developing awareness about early diagnosis of disease and treatment combined with increasing requirement for enhancing way of life and personal satisfaction will additionally boost the market development.
Drivers and Restraints
Developing prevalence of diabetes is one of the main considerations driving the development of the market. Individuals experiencing diabetes need to screen and keep a track of their key parameters including body weight, food intake, physical action and glucose level once in a day. This has brought about significant development of the market. For example, according to International Diabetes Federation (IDF), in 2017, diabetes influenced 415 million individuals worldwide and this number is foreseen to increase over the forecast period. Additionally, it was discovered that 1 of every 11 adults experience the ill effects of diabetes. Therefore, the rising predominance of diabetes will help the market development for wearable medical devices in not so distant future. Additionally, expanded focal point of key players on creating innovative wearable devices to meet the neglected therapeutic needs will additionally impel the market development.
Market Segmentation
The Wearable Medical Devices Market is segmented on the basis of product and application. Based on product the market is segmented into Therapeutic Devices and Diagnostic devices. The devices assist in carrying out vital operations to monitor an individual’s condition on real time basis. Based on application the market is segmented into Home Healthcare, Remote Patient Monitoring and Sports and Fitness.
Regional Outlook and Trend Analysis
Geographically, the market for wearable devices in North America has risen as the undisputed pioneer among the various territorial fragments. The high rate of robust healthcare infrastructure, diabetes, and early implementation of medical technologies are behind the astral development of the territorial market. Moreover, the vital monitors fragment has pulled in enormous request in North America which has profited the general territorial market.
Competitive Insights
The leading players in the market are Zephyr Technology, Philips, LifeWatch AG, Fitbit, Vital Connect, Garmin Ltd and Omron. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Wearable Medical Devices Market is segmented on the basis of regions as follows-
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
· Wearable Medical Devices Market , By Product, Estimates and Forecast, 2014-2023 ($Million)
· Therapeutic Devices
o Respiratory Therapy Devices
o Rehabilitation Devices
o Insulin/Glucose Monitoring Devices
o Pain Management Devices
· Diagnostic Devices
o Vital Sign Monitoring Devices
o Sleep Monitoring Devices
o Electrocardiographs Fetal and Obstetric Devices
o Neuromonitoring Devices
· Wearable Medical Devices Market , By Application, Estimates and Forecast, 2014-2023 ($Million)
· Remote Patient Monitoring
· Home Healthcare
· Sports and Fitness
· Wearable Medical Devices Market , By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Wearable Medical Devices Market , By Country
o U.S. Wearable Medical Devices Market
o Canada Wearable Medical Devices Market
o Mexico Wearable Medical Devices Market
· Europe
§ Europe Wearable Medical Devices Market , By Country
o Germany Wearable Medical Devices Market
o UK Wearable Medical Devices Market
o France Wearable Medical Devices Market
o Russia Wearable Medical Devices Market
o Italy Wearable Medical Devices Market
o Rest of Europe Wearable Medical Devices Market
· Asia-Pacific
§ Asia-Pacific Wearable Medical Devices Market , By Country
o China Wearable Medical Devices Market
o Japan Wearable Medical Devices Market
o South Korea Wearable Medical Devices Market
o India Wearable Medical Devices Market
o Southeast Asia Wearable Medical Devices Market
o Rest of Asia-Pacific Wearable Medical Devices Market
· South America
§ South America Wearable Medical Devices Market
o Brazil Wearable Medical Devices Market
o Argentina Wearable Medical Devices Market
o Columbia Wearable Medical Devices Market
o South Africa Wearable Medical Devices Market
o Rest of South America Wearable Medical Devices Market
· Middle East and Africa
§ Middle East and Africa Wearable Medical Devices Market
o Saudi Arabia Wearable Medical Devices Market
o UAE Wearable Medical Devices Market
o Egypt Wearable Medical Devices Market
o Nigeria Wearable Medical Devices Market
o South Africa Wearable Medical Devices Market
o Rest of MEA Wearable Medical Devices Market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Wearable Medical Devices Market , By Product
5.1. Introduction
5.2. Global Wearable Medical Devices Sales, Revenue and Market Share by Product (2017-2027)
5.2.1. Global Wearable Medical Devices Sales and Sales Share by Product (2017-2027)
5.2.2. Global Wearable Medical Devices Revenue and Revenue Share by Product (2017-2027)
5.3. Therapeutic Devices
5.3.1. Global Therapeutic Devices Sales and Growth Rate (2017-2027)
5.3.2. Global Therapeutic Devices By Type(2017-2027)
5.3.3. Respiratory Therapy Devices
5.3.3.1. Global Respiratory Therapy Devices Sales and Growth Rate (2017-2027)
5.3.4. Rehabilitation Devices
5.3.4.1. Global Rehabilitation Devices Sales and Growth Rate (2017-2027)
5.3.5. Insulin/Glucose Monitoring Devices
5.3.5.1. Global Insulin/Glucose Monitoring Devices Sales and Growth Rate (2017-2027)
5.3.6. Pain Management Devices
5.3.6.1. Global Pain Management Devices Sales and Growth Rate (2017-2027)
5.4. Diagnostic Devices
5.4.1. Global Diagnostic Devices Sales and Growth Rate (2017-2027)
5.4.2. Global Diagnostic Devices Sales By Type (2017-2027)
5.4.3. Vital Sign Monitoring Devices
5.4.3.1. Global Vital Sign Monitoring Devices Sales and Growth Rate (2017-2027)
5.4.4. Sleep Monitoring Devices
5.4.4.1. Global Sleep Monitoring Devices Sales and Growth Rate (2017-2027)
5.4.5. Electrocardiographs Fetal and Obstetric Devices
5.4.5.1. Global Electrocardiographs Fetal and Obstetric Devices Sales and Growth Rate (2017-2027)
5.4.6. Neuromonitoring Devices
5.4.6.1. Global Neuromonitoring Devices Sales and Growth Rate (2017-2027)
6. Wearable Medical Devices Market , By Application
6.1. Introduction
6.2. Global Wearable Medical Devices Sales, Revenue and Market Share by Application (2017-2027)
6.2.1. Global Wearable Medical Devices Sales and Sales Share by Application (2017-2027)
6.2.2. Global Wearable Medical Devices Revenue and Revenue Share by Application (2017-2027)
6.3. Remote Patient Monitoring
6.3.1. Global Remote Patient Monitoring Sales and Growth Rate (2017-2027)
6.4. Home Healthcare
6.4.1. Global Home Healthcare Sales and Growth Rate (2017-2027)
6.5. Sports and Fitness
6.5.1. Global Sports and Fitness Sales and Growth Rate (2017-2027)
7. Wearable Medical Devices Market , By Region
7.1. Introduction
7.2. Global Wearable Medical Devices Sales, Revenue and Market Share by Regions
7.2.1. Global Wearable Medical Devices Sales by Regions (2017-2027)
7.2.2. Global Wearable Medical Devices Revenue by Regions (2017-2027)
7.3. North America Wearable Medical Devices by Countries
7.3.1. North America Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.3.2. North America Wearable Medical Devices Revenue and Growth Rate (2017-2027)
7.3.3. North America Wearable Medical Devices Sales by Countries (2017-2027)
7.3.4. North America Wearable Medical Devices Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.3.5.2. United States Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Wearable Medical Devices Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Wearable Medical Devices by Countries
7.4.1. Europe Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.4.2. Europe Wearable Medical Devices Revenue and Growth Rate (2017-2027)
7.4.3. Europe Wearable Medical Devices Sales by Countries (2017-2027)
7.4.4. Europe Wearable Medical Devices Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.4.6.2. UK Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.4.7.2. France Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Wearable Medical Devices Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Wearable Medical Devices Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Wearable Medical Devices Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.5.5.2. China Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.5.8.2. India Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.6.2. South America Wearable Medical Devices Revenue and Growth Rate (2017-2027)
7.6.3. South America Wearable Medical Devices Sales by Countries (2017-2027)
7.6.4. South America Wearable Medical Devices Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Wearable Medical Devices Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Wearable Medical Devices Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Wearable Medical Devices Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.10. Rest of Middle East and Africa
7.7.10.1. Rest of Middle East and Africa Wearable Medical Devices Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Wearable Medical Devices Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Garmin
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Zephyr Technology Corporation
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Fitbit Inc.
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Jawbone
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Philips
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. Omron Corporation
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. LifeWatch
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Vital Connect and Withings SA
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
9. Global Wearable Medical Devices Market Competition, by Manufacturer
9.1. Global Wearable Medical Devices Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Wearable Medical Devices Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Wearable Medical Devices Price by Manufacturer (2017-2017)
9.4. Top 5 Wearable Medical Devices Manufacturer Market Share
9.5. Market Competition Trend
10. Wearable Medical Devices Market Forecast (2027-2023)
10.1. Global Wearable Medical Devices Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Wearable Medical Devices Market Forecast by Regions (2027-2023)
10.2.1. North America Wearable Medical Devices Market Forecast (2027-2023)
10.2.1.1. United States Wearable Medical Devices Market Forecast (2027-2023)
10.2.1.2. Canada Wearable Medical Devices Market Forecast (2027-2023)
10.2.1.3. Mexico Wearable Medical Devices Market Forecast (2027-2023)
10.2.2. Europe Wearable Medical Devices Market Forecast (2027-2023)
10.2.2.1. Germany Wearable Medical Devices Market Forecast (2027-2023)
10.2.2.2. United Kingdom Wearable Medical Devices Market Forecast (2027-2023)
10.2.2.3. France Wearable Medical Devices Market Forecast (2027-2023)
10.2.2.4. Russia Wearable Medical Devices Market Forecast (2027-2023)
10.2.2.5. Italy Wearable Medical Devices Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Wearable Medical Devices Market Forecast (2027-2023)
10.2.3. Asia-Pacific Wearable Medical Devices Market Forecast (2027-2023)
10.2.3.1. China Wearable Medical Devices Market Forecast (2027-2023)
10.2.3.2. Japan Wearable Medical Devices Market Forecast (2027-2023)
10.2.3.3. Korea Wearable Medical Devices Market Forecast (2027-2023)
10.2.3.4. India Wearable Medical Devices Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Wearable Medical Devices Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Wearable Medical Devices Market Forecast (2027-2023)
10.2.4. South America Wearable Medical Devices Market Forecast (2027-2023)
10.2.4.1. Brazil Wearable Medical Devices Market Forecast (2027-2023)
10.2.4.2. Argentina Wearable Medical Devices Market Forecast (2027-2023)
10.2.4.3. Columbia Wearable Medical Devices Market Forecast (2027-2023)
10.2.4.4. Rest of South America Wearable Medical Devices Market Forecast (2027-2023)
10.2.5. Middle East and Africa Wearable Medical Devices Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Wearable Medical Devices Market Forecast (2027-2023)
10.2.5.2. UAE Wearable Medical Devices Market Forecast (2027-2023)
10.2.5.3. Egypt Wearable Medical Devices Market Forecast (2027-2023)
10.2.5.4. Nigeria Wearable Medical Devices Market Forecast (2027-2023)
10.2.5.5. South Africa Wearable Medical Devices Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Wearable Medical Devices Market Forecast (2027-2023)
10.3. Wearable Medical Devices Market Forecast by Product (2027-2023)
10.3.1. Global Wearable Medical Devices Sales Forecast by Product (2027-2023)
10.3.2. Global Wearable Medical Devices Sales Market Share Forecast by Product (2027-2023)
10.4. Wearable Medical Devices Market Forecast by Application (2027-2023)
10.4.1. Global Wearable Medical Devices Sales Forecast by Application (2027-2023)
10.4.2. Global Wearable Medical Devices Sales Market Share Forecast by Application (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Wearable Medical Devices Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
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Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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