Medical Wearable Market Size Worth USD 34.89 Billion by 2027 Growing at a CAGR of 21.5% | Emergen Research

Medical Wearable Market Size Worth USD 34.89 Billion by 2027 Growing at a CAGR of 21

Vancouver, British Columbia, Jan. 11, 2021 (GLOBE NEWSWIRE) — The global Medical Wearable Market is forecasted to be worth USD 34.89 Billion by 2027, according to a current analysis by Emergen Research. The growing demand for remote patient monitoring and home healthcare devices will impact the market positively. Furthermore, an increase in the consumer focus and efforts towards a healthy and fit lifestyle will drive the demand for the market product.The complexity and increase in the data in the medical sector have propelled the need for the market product. Medical wearable devices are integrating artificial intelligence (AI) to develop a viable solution. The medical devices are useful in monitoring the health conditions of the patients, and the ability to detect heart functions could prevent re-hospitalization.The sedentary lifestyle and the prevalence of lifestyle-associated disorders, such as hypertension and diabetes, will propel the demand for the market in the coming years. The rise in mortality rate due to non-communicable diseases is a significant reason for personalized monitoring and care. This will create a demand for market demand. A surge in chronic diseases, along with the rise in mortality rates, is a major concern among government organizations. The healthcare providers are providing personalized care, including remote patient monitoring.Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.emergenresearch.com/request-sample-form/406Key Highlights From The ReportWristbands and activity monitors are worn by patients to alert their caretakers in case of an emergency. It contains accurate information and guides the paramedics when needed. The segment held a large share in the medical wearable market.The vital signs monitoring segment held the largest share due to the growing usage of high-tech devices, which are user-friendly, compact, and come with a better graphical user interface for easy visibility of resulted data. These wearables play a crucial role in treating and monitoring various medical conditions among patients.Hospital end-user will account for a substantial share due to the increasing number of cases registered and rising investment in the healthcare sector by the government of emerging nations.   North America occupied the largest share of the medical wearables market in 2019. The existence of a technologically advanced healthcare system and the presence of major medical device companies in the region are predicted to propel the market growth in the region.Key participants include Koninklijke Philips N.V., Medtronic Plc, Omron Healthcare Co., Ltd., Biotelemetry, Inc., Apple, Inc., GE Healthcare, Abbott Laboratories, Dexcom, Inc., Irhythm Technologies, Inc., and Masimo Corporation, among others.ORDER NOW (Customized Report Delivered as per Your Specific Requirement)@ https://www.emergenresearch.com/select-license/406For the purpose of this report, Emergen Research has segmented into the global Medical Wearable Market on the product, device type, end-user, and region:Product Outlook (Revenue, USD Billion; 2017-2027)PatchesWristband and Activity MonitorsSmartwatchesOthers (Clothing, glasses, others)Device Type Outlook (Revenue, USD Billion; 2017-2027)Vital Signs Monitoring DevicesECG /Holter Heart Rate MonitorsPulse OximetersBlood Pressure MonitorsMultiparameter TrackersGlucose Monitoring DevicesSleep Apnea MonitorsFetal Monitoring DevicesNeurological Monitoring DevicesEnd-User Outlook (Revenue, USD Billion; 2017-2027)Hospitals & ClinicsNursing Homes, Assisted Living Facilities, Long-term Care CentersHome Care SettingsAmbulatory Care CentersTo identify the key trends in the industry and read full summary click on the link:   https://www.emergenresearch.com/industry-report/medical-wearable-marketRegional Outlook (Revenue, USD Billion; 2017-2027)North AmericaU.S.CanadaEuropeGermanyU.K.FranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMEASaudi ArabiaU.A.E.Rest of MEATake a Look at our Related Reports:In Silico Drug Discovery Market By Workflow (Discovery, Preclinical Tests, Clinical Trials), By Product (Consultancy as a Service, Software as a Service), By Type of Large Molecule, By End User (Contract Research Organizations, Pharmaceutical Industry), and By Region, Forecasts to 2027Human Microbiome Modulators Market By Product (Prebiotics and Dietary Supplements, Probiotics and Creams, Drugs), By Application (Infections, Neurological Disorders, Cancers, Dermatological, Gastrointestinal, Metabolic), By Region Forecasts to 2027Intelligent Drug Discovery Market By Offering (Software, Services), By Technology (Machine Learning, Other Technologies), By Application (Neurodegenerative Diseases, Metabolic Diseases, Immuno-Oncology), By End User (Contract Research Organizations), and By Region, Forecasts to 2027About Emergen ResearchEmergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: sales@emergenresearch.comFacebook | LinkdIn | Twitter | BlogsRead Full Press Release@ https://www.emergenresearch.com/press-release/global-medical-wearable-market

CBJ Newsmakers

Recommended
Indoor Farming Technology Market Worth USD 62Wallbridge Board Approves Fully Funded 2021 Program of 170,000 metres of Drilling and 4,800 metres of Underground Development at Fenelon