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The healthcare wearables market has the potential to grow by USD 7.77 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 14.67%.
This healthcare wearables market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (vital sign monitors, glucose monitors, sleep apnea monitors, and others), end-user (hospitals and clinics, nursing homes, and others), and geography (North America, Europe, Asia, and ROW). The healthcare wearables market report also offers information on several market vendors, including Abbott Laboratories, Apple Inc., Dexcom Inc., Fitbit Inc., Garmin Ltd., General Electric Co., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, and OMRON Corp. among others.
Browse TOC and LoE with selected illustrations and example pages of Healthcare Wearables Market
The increasing focus on fitness and a healthy lifestyle orientation is notably driving the wearable medical devices market growth, although factors such as rising mortality rate due to non-communicable diseases may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the healthcare wearables industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.
This healthcare wearables market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
The vendor landscape of the healthcare wearables market entails successful business strategies deployed by the vendors. The wearable medical devices market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the healthcare wearables market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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38% of the market’s growth will originate from North America during the forecast period. The US, Canada, and Mexico are the key markets for healthcare wearables in North America.
The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increasing prevalence of chronic diseases will facilitate the healthcare wearables market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.
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The healthcare wearables market share growth by the vital sign monitors segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the wearable medical devices market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.
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Healthcare Wearables Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.67% |
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Market growth 2021-2025 |
$ 7.77 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
10.40 |
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Regional analysis |
North America, Europe, Asia, and ROW |
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Performing market contribution |
North America at 38% |
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Key consumer countries |
US, Germany, Canada, Japan, UK, The Netherlands, Mexico, France, and India |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Abbott Laboratories, Apple Inc., Dexcom Inc., Fitbit Inc., Garmin Ltd., General Electric Co., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, and OMRON Corp. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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