ID: MRFR/MED/0161-HCR | 80 Pages | Published By Kinjoll Dey on March 2023
Key Players for Wearable Medical Device MarketAbbott (U.S.), Baxter (U.S.), B. Braun Melsungen AG (Germany), Becton Dickinson and Company (U.S.), Boston Scientific (U.S.), Cardinal Health (U.S.), General Electric Company (U.S.), Johnson & Johnson (U.S.), Medtronic (U.S.), Koninklijke Philips N.V. (Netherland), Siemens (U.S.), and Stryker (U.S.) Segments Europe, Middle East & Africa wearable medical devices market has been segmented on the basis of types, applications, and end users. On the basis of types, the market is segmented into diagnostic, vital sign monitoring, and therapeutic devices. On the basis of applications, it is segmented into fitness devices, blood pressure monitoring devices, heart rate monitoring devices, weight monitoring devices, and others. On the basis of the end users, the market is segmented as sports person, patients, and others.
Figure 2: Europe, Middle East & Africa Wearable Medical Device Market Share by Region, 2016 (%)
Sources: Press Release, presentation, company website, annual reports, government records, journals expert interview
Regional Analysis of Wearable Medical Device Market Europe, Middle East & Africa region is divided into countries namely Europe, Middle East & Africa. Europe accounts for the largest market share owing to the demand for technological innovation in medical devices and availability of funds for research and development. Furthermore, increasing demand for fitness and health tracking devices also determine the market growth. Germany is the largest market for wearable devices in the Europe owing to the presence of key market players and overall growth of healthcare industry.Â
The Middle East region also shows growth in the wearable devices market owing to strengthening healthcare system, and demand for technology in healthcare. In the Middle, lack of physical exercise, lifestyle changes and rising prevalence of chronic diseases are factors driving the growth of this market.
Africa shows sluggish growth in the market due to low technology penetration and slow growth of medical services in this region.
Intended Audience
Wearable medical device manufacturers
Wearable medical device suppliers & distributers
Device parts manufacturers
Research and development (R&D) companies
Medical research laboratories
Academic medical institutes and universities