Wearable Medical Devices Market Grows At Rate Of 23% With Rise In Chronic Illnesses

Wearable Medical Devices Market Report 2021 - COVID-19 Growth And Change

Wearable Medical Devices Global Market Report 2021 – COVID-19 Growth And Change

The Business Research Company’s Wearable Medical Devices Global Market Report 2021 – COVID-19 Growth And Change

LONDON, GREATER LONDON, UK, September 25, 2021 /EINPresswire.com/ — During the historic period, the rise in mortality rate due to non-communicable diseases with an increasing prevalence of chronic diseases and lifestyle-associated diseases like hypertension and diabetes contributed to the growth of wearable medical devices. The healthcare industry is coming up with newer technologies to overcome this with necessary measures like continuous and remote patient monitoring facilities through wearables which can be worn over the body all-day long for continuous monitoring of the required parameters like vital signs, glucose levels and more. According to the world health organization (WHO), 2020, non-communicable diseases (NCDs) will estimate 80% of the global disease burden. Seven out of every ten deaths in developing countries are caused by NCDs, and around half of these deaths are in people younger than 70 years. Moreover, the global NCD burden will rise by 17% in the next decade, and in Africa, it will grow by 27%. In 2019, a report published by Diabetics Research and Clinical Practice stated that the global diabetics population is estimated to be 463 million in 2019 which is 9.3% of global population and is expected to reach 578 million by 2030 and 700 million by 2045. The rise in number of chronic diseases coupled with growing awareness among people is pushing them towards continuous monitoring, which boosts market growth.

The global wearable medical devices market size is expected grow from $8.35 billion in 2020 to $10.28 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 $24.38 billion in 2025 at a CAGR of 24%.

Read More On The Global Wearable Medical Devices Market Report:

Major players covered in the global wearable medical devices industry are Philips, Polar Electro, Omron Corporation, Fitbit Inc., Garmin Ltd., LifeWatch AG (BioTelemetry Inc.), Xiaomi Inc., VitalConnect, Jawbone Inc., General Electric Co., Medtronic PLC, Sotera Wireless, Basis Science, Inc., Intelesens Ltd., Withings, World Global Network, Activeinsights Ltd., Misfit (A Part of Fossil Group) (Misfit), Drägerwerk AG & Co. KGaA, LG Electronics, Sony Corporation, Nike Inc., Samsung, Boston Scientific, Honeywell International Inc., Pebble Technology Corp., Demant AS, Sonova Group, Alphabet Inc.

TBRC’s global wearable medical devices market report is segmented by device type into diagnostic devices, therapeutic devices, by product type into watch, wristband, clothing, ear wear, other devices, by distribution channel into pharmacies, online channel, hypermarkets, and by application into sports and fitness, remote patient monitoring, home healthcare, ear wear.

Wearable Medical Devices Global Market Report 2021 – By Device Type (Diagnostic Devices, Therapeutic Devices). By Product Type (Watch, Wristband, Clothing, Ear Wear, Other Devices). By Distribution Channel (Pharmacies, Online Channel, Hypermarkets). By Application (Sports And Fitness, Remote Patient Monitoring, Home Healthcare, Ear Wear), COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides wearable medical devices market overview, forecast wearable medical devices market size and growth for the whole market, wearable medical devices market segments, and geographies, wearable medical devices market trends, wearable medical devices market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

Request For A Sample Of The Global Wearable Medical Devices Market Report:

Here Is A List Of Similar Reports By The Business Research Company:

Dialysis Devices and Equipment Market 2021 – By Product (Hemodialysis Devices, Peritoneal Dialysis Devices, Continuous Renal Replacement Therapy (CRRT) Systems, Consumables), By End-User (Hospitals And Clinics, Ambulatory Surgical Centers, Homecare Settings), By Application (Serum And Blood Treatment, Virus Purification, Drug Binding Studies), And By Region, Opportunities And Strategies – Global Forecast To 2030

Pharmaceutical Sterility Testing Global Market Report 2021 – By Sample (Sterile Drugs, Medical Devices, Biologics And Therapeutics), By Product Type (Instruments, Kits And Reagents, Services), By Type (In-house, Outsourcing), By Test Type (Sterility Testing, Bioburden Testing, Bacterial Endotoxin Testing), By End-User (Compounding Pharmacies, Medical Devices Companies, Pharmaceutical Companies), COVID-19 Growth And Change

Pyrogen Testing Global Market Report 2020 – By Test Type (LAL Test, In Vitro Test, Rabbit Test), By Product And Service (Assays, Kits, Reagents, Instruments, Services), By Application (Pharmaceutical And Biologics, Medical Devices), COVID-19 Growth And Change

Interested to know more about The Business Research Company?
The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research. It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally. It has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services and technology.
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Or get a quick glimpse of our services here: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Call us now for personal assistance with your purchase:
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293

The Business Research Company
Email: info@tbrc.info
Follow us on LinkedIn: https://bit.ly/3b7850r
Follow us on Twitter: https://bit.ly/3b1rmjS
Check out our Blog: http://blog.tbrc.info/

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
Visit us on social media:

Leave a Reply

Your email address will not be published.