Wearable Medical Devices Market With Current Trends, Drivers, Strategies 2025
Posted by Meghana on September 2nd, 2021
Wearable Medical Devices Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact – both negative and positive – of COVID-19 on the wearable medical devices industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected wearable medical devices market growth numbers 2021-2030.
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The Wearable Medical Devices Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global wearable medical devices market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030. The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Wearable Medical Devices Global Market Report 2021 covers wearable medical devices market drivers, wearable medical devices market trends, wearable medical devices market growth rate, wearable medical devices market major players, player-adopted strategies in the market, and wearable medical devices market size.
The global wearable medical devices market is expected grow from .35 billion in 2020 to .28 billion in 2021 at a compound annual growth rate (CAGR) of 23.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach .38 billion in 2025 at a CAGR of 24%.
The report covers the wearable medical devices market segments-
1) By Device Type: Diagnostic Devices, Therapeutic Devices
2) By Product Type: Watch, Wristband, Clothing, Ear Wear, Other Devices
3) By Distribution Channel: Pharmacies, Online Channel, Hypermarkets
4) By Application: Sports And Fitness, Remote Patient Monitoring, Home Healthcare, Ear Wear
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