(PharmaNewsWire.Com, January 23, 2018 ) Middle-East and Africa Wearable Medical Devices Market is showcasing enormous potential in the mentioned forecasting period. Wearable medical devices include several features like wireless data transmission, real time feedback, alerting mechanism and timely sensing abilities. They monitor several types of health conditions like blood sugar levels, heart diseases, blood pressure, ingestion, pain relief, brain activity, hydration, temperature, sleep etc. The data generated by wearable medical devices is further used by customers for a better healthcare management.
The market continues to gain momentum with the rapid increase in adoption of these devices among patients and launch of technologically advanced, user friendly devices into the market. Enormous number of ongoing developments and innovations in the healthcare and electronics sector, rising spending capabilities and the ease of use of medical devices have led to the increased adoption of the technology in turn increasing the growth.
Lack of awareness in the developing regions is leading to slower adoption of technology. Smart wearables which run third party applications tend to be a bit costlier than their counter-parts thus affecting a downscale in their sales. Further, the privacy concerns concerning transmitting sensitive patient information and the need for miniaturized devices with long battery life are few challenges faced by the industry in current scenario.
The Middle-East & Africa market for Wearable medical devices can be broadly categorized into Monitoring and Diagnostic Wearable Device Market (Electro Cardiographs, Sleep Monitoring devices, Heart Rate Monitors, Blood Pressure Monitors, Activity Monitors and Electro Encephalographs) and Therapeutic Wearable Device Market (Wearable Pain Management Devices, Glucose/Insulin Monitoring Devices, Wearable Respiratory Therapy Devices). Based on Application, the market is further segmented into Sports and Fitness, Home Healthcare and Patient Monitoring. The remote patient monitoring market accounted for the highest revenue in 2015 while the sports and fitness market is expected to grow at the fastest rate. By geography the market is segmented into major regions of Middle-East and Africa.
Some of the major companies dominating the market, by their products and services include Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories and Nuubo.
Scope of the Report
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms by device type and application along with market size forecasts and 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 the effect of exogenous and endogenous factors that affect the Europe market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, 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
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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