Americas Wearable Medical Device Market is expected to grow with a CAGR of 17.8% during the forecasted period.
The Americas Wearable Medical Device Market is anticipated to reach USD 26,734.8 Million by 2030 at 17.8% CAGR during the forecast period 2022-2030. The Wearable Medical Device is basically used for keeping track of individual’s fitness. The people now a days becoming more aware of their own fitness and health. The wearable devices are generally used in hospitals, at home and the individual person use it for his or her personal fitness. The wearable devices are easy to use. They are cordless and provides individual information about the heart rate, blood pressure, weight, sleeping and other such information related to health and maintain life healthy in various ways. The market is driven by the increasing cases of chronic conditions like obesity, heart problems, breathing problems and many more such diseases. This market has a large segments based on the application and end use and the type for the medical usage. The wearable devices are mostly bought by the health and fitness conscious people. The major reason for the device is that it gives exact counts of the activities done by an individual. The exact heart count and, the status of the steps individuals has taken while walking. The trend is increasing because of the smartphones fitness help applications. The sales of this device is majorly attributed by the reason of fitness. Not only in Americas but worldwide the people are suffering from obesity and problems related to it. The awareness and living fitter life is in trend. The higher numbers are bought by the sport persons and the celebrities.
The Americas market of Wearable Medical Device is growing because of the rising number of sales because of the fitness reason. The Americas market of Wearable Medical Device is expected to grow with a CAGR of 18% during the forecasted period 2017-2023. The market generated near around USD 2 billion during 2016 and is expected to reach approximately USD 6 billion by the end of the forecasted period.
Study Objectives of Wearable Medical Device Market:
Key Players for Wearable Medical Device Market:
Some of the major players in this market are: Apple, Abbott Laboratories, Basis Sciences, Fitbit, Garmin, Jawbone, Lifewatch AG, Omron Corporation, Philip Healthcare, Polar Electo and others.
Americas Wearable Medical Device market has been segmented on the basis of types, on the basis of the application and on the basis of the end users. The type includes Diagnostic & Monitoring, Sign Monitoring and Therapeutic Devices. On the basis of application it includes Fitness, Blood Pressure, Heart rate, Weight monitoring, and others. On the basis of the End Users the segment includes Sports person, Patients and Others.
Figure: Americas Wearable Medical Device Market Share by Region, 2016 (%)
Regional Analysis of Wearable Medical Device Market:
Americas region is divided into two major regions, North America and South America. Further the North America is further divided into the U.S and Canada. North America is the largest market for Wearable Medical Device. The South America market for Wearable Medical Device is estimated to grow at a good CAGR during the forecasted period 2017-2023. This is due to increasing number in the technology adoption for the wearable medical devices and the homecare devices for the fitter health life.
The report for Americas Wearable Medical Device market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions. Intended Audience