(PharmaNewsWire.Com, December 22, 2017 ) Wearable medical devices have several features like real time feedback, wireless data transmission, alerting mechanism and timely sensing abilities. They monitor some types of health situations like blood pressure, blood sugar levels, heart diseases, ingestion, pain relief, hydration, brain activity, temperature, sleep etc. The data produced by wearable medical devices is utilized by customers for a better healthcare management.
North America Wearable Medical Devices Market: Drivers & Restraints
Wearable medical devices market in this region is driven by factors like increasing spending capabilities, innovations in the healthcare sector, ease of using medical devices and rising investment in research and development among others. However, the market is constrained by factors like lack of awareness and privacy concerns about the data generated since it can go to third party applications.
North America Wearable Medical Devices Market: Segmentation
By Diagnostic Wearable Devices
Wearable Electro Cardiographs
Wearable Sleep Monitoring devices
Heart Rate Monitors
Blood Pressure Monitors
Activity Monitors
Electro Encephalographs
By Therapeutic Wearable Devices
Pain Management Devices
Glucose/Insulin Monitoring Devices
Respiratory Therapy Devices
By Application
Sports and Fitness
Home Healthcare
Patient Monitoring
North America Wearable Medical Devices Market: Overview
At present, the potential socio-economic benefits of wearable devices are large for multiple sectors. For instance, with fitness wearable devices driving the users to exercise, wearable technology can significantly reduce healthcare costs.The manufacturers are incorporating advanced sensors and as the size and cost of these sensors decrease, they are incorporated more and more, expanding the range of wearable devices.
North America Wearable Medical Devices Market: Region-wise Outlook
North America is the largest market North Americaly as the consumers quickly accept the advancement in technology with increase in awareness and hence the demand for personal care diagnostics is increasing. USA accounted for the largest share in terms of revenue in 2015 followed by Canada. Reason for USA being the largest is its population size and leading in terms of income and technological advancements.
Key Questions Answered
What is the current and future Wearable Medical Devices market outlook in North America market? What trends are affecting the North America market?
What is the competitive landscape and market share of major players in the Wearable Medical Devices space in North America market?
What are the key, high growth markets that Wearable Medical Devices manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Wearable Medical Devices currently on the market? How will emerging technologies fulfil these unmet needs?
What is physician perception and market outlook of Wearable Medical Devices?
What are the challenges and barriers that have hindered widespread adoption of Wearable Medical Devices?
North America Wearable Medical Devices Market: Key Players
Some of the key players dominating the market in this region are Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories and Nuubo.
Reasons to buy North America Wearable Medical Devices Market Report:
North America, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses
A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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