LONDON--(BUSINESS WIRE)--Technavio has been monitoring the wearable medical devices market and it is poised to grow by USD 10.24 billion during 2020-2024, progressing at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Alphabet Inc., Apple Inc., BioTelemetry Inc., Demant AS, Garmin Ltd., General Electric Co., Koninklijke Philips NV, Medtronic Plc, OMRON Corp., and Sonova Group are some of the major market participants. The increasing prevalence of chronic diseases will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing prevalence of chronic diseases has been instrumental in driving the growth of the market.
Wearable Medical Devices Market 2020-2024: Segmentation
Wearable Medical Devices Market is segmented as below:
- Therapeutic Medical Devices
- Diagnostic and Monitoring Medical Devices.
- North America
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Wearable Medical Devices Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our wearable medical devices market report covers the following areas:
- Wearable Medical Devices Market size
- Wearable Medical Devices Market trends
- Wearable Medical Devices Market industry analysis
This study identifies emergence of innovative wearable medical devices as one of the prime reasons driving the wearable medical devices market growth during the next few years.
Wearable Medical Devices Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the wearable medical devices market, including some of the vendors such as Alphabet Inc., Apple Inc., BioTelemetry Inc., Demant AS, Garmin Ltd., General Electric Co., Koninklijke Philips NV, Medtronic Plc, OMRON Corp., and Sonova Group. Backed with competitive intelligence and benchmarking, our research reports on the wearable medical devices market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Wearable Medical Devices Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist wearable medical devices market growth during the next five years
- Estimation of the wearable medical devices market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the wearable medical devices market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of wearable medical devices market vendors
Table Of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- Therapeutic medical devices - Market size and forecast 2019-2024
- Diagnostic and monitoring medical devices - Market size and forecast 2019-2024
- Market opportunity by Application
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- Asia - Market size and forecast 2019-2024
- ROW - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Alphabet Inc.
- Apple Inc.
- BioTelemetry Inc.
- Demant AS
- Garmin Ltd.
- General Electric Co.
- Koninklijke Philips NV
- Medtronic Plc
- OMRON Corp.
- Sonova Group
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.