Top wearable medical device manufacturers in the wearable medical devices market (Companies: Koniklijke Philips N.V., Omron Corporation, Zephyr Technolofy Corporation, Fitbit Inc, and more)

April 17 17:12 2019
Top wearable medical device manufacturers in the wearable medical devices market (Companies: Koniklijke Philips N.V., Omron Corporation, Zephyr Technolofy Corporation, Fitbit Inc, and more)

The Business Research Company – Market Strategist & Forecast
The Wearable Medical Devices Market from The Business Research Company, offers a sales Strategies, growth analysis, size, segmentation, geographies, forecast and much more.

The global wearable medical devices market was valued at $5 billion in 2017. The USA was the largest country in the wearable medical devices market.

The wearable medical devices market consists of small electronic products, often consisting of one or more sensors, and having computational capability. They are embedded into items that are attach to the body parts, such as head, feet, arms, wrists and waist. They can resemble a watch, eyeglasses, some clothing, contact lenses, shoes or even jewellery.

 

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Wearable Medical Devices Market Size

The global wearable medical devices market size is expected to grow to over $13 billion in 2022 at a compound annual growth rate (CAGR) of about 20%. Increasing demand for products such as remote patient monitoring devices and services such as home healthcare is expected to propel the demand for wearable medical devices. Increasing focus on fitness, growing awareness wearable technologies among the population, aging populations, and a healthy lifestyle orientation are also expected to impact the wearable medical devices market.

The wearable medical devices market is segmented by application type into consumer wearables and non-consumers wearables. Among these two segments, the consumer wearable medical devices segment accounts for the larger share in the global wearable devices market.

The global wearable medical devices market is highly dynamic and fragmented with the presence of many wearable medical technology companies. Top wearable medical device manufacturers in the market include Koninklijke Philips N.V., Omron Corporation, Zephyr Technology Corporation, Fitbit Inc. and Boston Scientific Corporation.

The top three companies with the highest number of patents and patent applications are Microsoft, Philips, and Alphabet.

 

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Company profiles included in the wearable medical devices industry report are Koniklijke Philips N.V., Omron Corporation, Zephyr Technolofy Corporation (a part of Medtronic), Fitbit Inc., Johnson and Johnson, Boston Scientific Corporation, and LifeWatch AG.

Development in flexible electronics to benefit innovation in wearables devices, increasing healthcare awareness, and integration of advanced technologies with wearable medical devices are the major trends in the global wearable technology medical devices market.

 

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