(MENAFN- Ameliorate Digital Consultancy) The global healthcare wearable devices market size was estimated at USD 22.80 billion in 2021 and is expected to hit over USD 170.58 billion by 2028 with a registered CAGR of 25.9% from 2022 to 2028.
Wearables in healthcare include smartwatches and activity trackers, which customers can wear as medical equipment. They are designed to monitor and gather data on a user's fitness and health. The market for wearable medical devices is expanding as a result of rising grants, funding, investments, and preferences for wireless connectivity among healthcare professionals. Due to their many features, technological advancements, and wide range of applications in remote healthcare settings and at home, wearable devices will become more and more popular in the near future. Additionally, the market for wearable medical devices is anticipated to grow during the forecast period due to the increasing prevalence of chronic diseases.
The Global“ Healthcare Wearable Device Market ” Research report give detailed information with reference to market size, share, trends, growth, cost revenue, capacity, and forecast till 2028. This report also contains the general and in-depth study of the Healthcare Wearable Device market with all its aspects influencing the growth of the market. The purpose of the market research report is to thoroughly evaluate the current market scenario and gain a review about the Healthcare Wearable Device industry and its commercial possibilities. As a consequence of the Russia-Ukraine War and COVID-19, the world economy will recover, and generate a lot of revenue till 2028.
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Key Players Mentioned in the Healthcare Wearable Device Market Research Report:
Pebble Technology Corp., Apple, Vuzix Corporation (VUZI)+, Sony Corp (SNE), Fitbit Inc. (FIT), Polar Electro, Kopin Corporation (KOPN), BioTelemetry Inc. (BEAT), Jawbone, Garmin Ltd. (GRMN), Philips Electronics, iRhythm Technologies, Inc. (IRTC), DexCom, Inc. (DXCM), MicroSoft (MSFT), Alphabet, International Business Machines Corp., GoPro, Inc. (GPRO), Nike, Inc. (NKE), Abbott Laboratories.
Regional Analysis:
North America accounted largest market share of around 38.9% in 2021 because of the increasing prevalence of diabetes, cardiovascular disorders, and cancer within this region. In addition to this, significant rise in the chronic diseases that require routine and continuous monitoring along with the presence of well-established healthcare infrastructure are further expected to propel the market growth during the upcoming period.
On The Basis of Types: –
Watch
Wristband
Clothing
Ear Wear
On The Basis of Application: –
Sports and Fitness
Remote Patient Monitoring
Home Healthcare
Others
The regions are further sub-divided into:
– North America (US, Mexico, Canada)
– Europe (Russia, Ukraine, France, Spain, Sweden, Norway, Germany, Finland, Poland, Italy, United Kingdom, Greece, Austria, Denmark, Switzerland, Netherlands, Belgium, Turkey, Luxembourg)
– Asia-Pacific (China, Japan, India, Australia, South Korea, Taiwan, Malaysia, Philippines, Thailand, Singapore)
– South America (Brazil, Argentina, Peru, Chile)
– Middle East and Africa (Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, South Africa)
Russia-Ukraine War Impact 2022: Economic Sanctions Imposed by the United States & its Allies on the Russian Federation Negatively Affected the market .
“The economic sanctions imposed by the U.S. and its allies on the Russian Federation are expected to affect this industry's growth. Furthermore, the war negatively affected the global industries leading to import and export flow disruptions. The dominance of Russia and roscosmos, a quasi-civilian space agency in the commercial space, affected alternative launch service providers in India, Japan, Europe, and the U.S. These factors negatively affected the market during the war.”
The impact of the Healthcare Wearable Device market report:
– Comprehensive assessment of all opportunities and risk in the Healthcare Wearable Device market.
– Healthcare Wearable Device market recent innovations and major events.
– Detailed study of business strategies for growth of the Healthcare Wearable Device market-leading players.
– Conclusive study about the growth plot of Infrared Imaging market for forthcoming years.
– In-depth understanding of Healthcare Wearable Device market-particular drivers, constraints and major micro markets.
– Favourable impression inside vital technological and market latest trends striking the Healthcare Wearable Device market.
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Key Takeaways from Healthcare Wearable Device Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals
─Understand the different dynamics influencing the Healthcare Wearable Device market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – Healthcare Wearable Device market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy – M&A's, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Healthcare Wearable Device.
The research covers historical data from 2017 to 2022 and predictions through 2028, making it a priceless tool for business leaders, marketing, sales, and product managers, consultants, analysts, and stakeholders searching for essential industry data in easily accessible documents with logically laid out tables and graphs.
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– Free Country Level analysis for any 5 countries of your choice.
– Free Competitive analysis of any 5 key market players.
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