Lucintel Blog: Lucintel Forecasts Wearable Medical Device Market to Reach $11.4 Billion by 2027

Tuesday, August 2, 2022

Lucintel Forecasts Wearable Medical Device Market to Reach $11.4 Billion by 2027

According to the recent study the wearable medical device market is projected to reach an estimated $11.4 billion by 2027 from $7.9 billion in 2021, at a CAGR of 6.4% from 2021 to 2027. Growth in this market is primarily driven by increasing awareness and importance of fitness and healthy lifestyle, rising chronic diseases, and technological innovations.

Browse 110 figures / charts and 71 tables in this 168 -page report to understand trends, opportunities and forecast in wearable medical device market by end use (healthcare & medical and remote patient monitoring), application (diagnostics and therapeutics), distribution channel (pharmacies/clinics, online, and others), and region (North America, Europe, APAC, and the Rest of the World).

Download sample report by clicking on below link https://www.lucintel.com/wearable-medical-device-market.aspx

“Remote patient monitoring market is expected to remain the largest segment during the forecast period.”

Based on end use, the wearable medical device market is segmented into healthcare & medical and remote patient monitoring. Lucintel forecasts that the remote patient monitoring market is expected to remain the largest segment due to advanced wireless communication technologies share patient medical records and activity with doctors over a period of time.

“Within the wearable medical device market, the diagnostic segment is expected to remain the largest application.”

Based on application the diagnostic segment is expected to witness the highest growth over the forecast period.

“North America will dominate the wearable medical device market in near future.”

North America is expected to remain the largest as well as the highest growth region due to high disposable income, rising chronic conditions, and acceptance of technologically advanced products in this region.

Download Brochure of this report by clicking on https://www.lucintel.com/wearable-medical-device-market.aspx

Major players of wearable medical device market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Medtronic Plc, Roche Holding AG, Animas Corporation (Johnson & Johnson) are among the major wearable medical device providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/wearable-medical-device-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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