DUBLIN, Feb. 10, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/7fhdv9/wearable_medical) has announced the addition of the "Wearable Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
Wearable devices are used by athletes, people aware of personal fitness and even patients. Modern wearable medical devices are easy to interpret and hence a person can quickly modify their lifestyle to better improve their physical fitness. Devices that measure temperature, heart rate and other parameters can be of paramount importance while determining physical fitness of a person. The market analyzed in the study comprises of several segments within this definition across the four major geographies of North America, Europe, Asia-Pacific and Rest of the World that encompasses Latin America, Middle East and Africa. The global market for wearable devices was estimated to grow at a CAGR of 16.4% from 2013 to 2019.
Major market drivers are:
- Large number of innovators and early adopters.
- Increasing incidence of chronic pain and diabetes.
- Emerging countries and expanding purchase power of people.
- Ease of use and accuracy of wearable devices.
- Rising awareness of physical fitness and health along with increasing age group of people involving themselves in physical activities.
The Asia-Pacific region is expected to record the highest CAGR of over 18% during the forecast period as improving healthcare infrastructure, increasing investments by players in emerging economies such as China and India, and large untapped research facilities segment will also boost growth of this market segment. Increasing awareness in sports and fitness will also act as a major driver for growth in emerging regions of the world. The market is highly fragmented with most players being private.
There are close to a hundred notable market players over the world of which major 50 have been mentioned throughout the report. The major device segments in diagnostics are heart rate monitors which were the first wearable medical devices. Activity monitors are one of the fastest growing segments in the market that are in great demand. There is an intense competition in this segment with players such as Nike, Fitbit, Jawbone and W/Me among others competing for the top spot.
Key Topics Covered:
2 Executive Summary
3 Market Overview: Global Wearable Medical Devices Market
4 Global Diagnostic Wearable Devices Market, by Segments, Size and Forecast, 2011 - 2019 (USD Million)
5 Global Therapeutic Wearable Medical Devices, by Segments, 2011 - 2019 (USD Million)
6 Global Wearable Medical Devices Market, by Applications, 2011 - 2019 (USD Million)
7 Global Wearable Medical Devices Market, By Geography, 2011 - 2019 (USD Million)
8 Company Profiles
- Basis Science, Inc.
- Corventis, Inc
- Everist Genomics, Inc.
- Fitbit, Inc.
- Intelesens Ltd.
- LifeWatch AG
- Omron Corporation
- Philips Electronics
- Polar Electro
- Sotera Wireless
- Zephyr Technology Corporation
For more information visit http://www.researchandmarkets.com/research/7fhdv9/wearable_medical
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SOURCE Research and Markets