Research Report with COVID-19 Forecasts – Wearable Medical Devices Market 2020-2024 | Increasing Prevalence of Chronic Diseases to Boost Growth

LONDON–(BUSINESS WIRE)–#GlobalWearableMedicalDevicesMarket–Technavio has been monitoring the wearable medical devices market and it is poised to grow by USD 10.24 billion during 2020-2024, progressing at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Alphabet Inc., Apple Inc., BioTelemetry Inc., Demant AS, Garmin Ltd., General Electric Co., Koninklijke Philips NV, Medtronic Plc, OMRON Corp., and Sonova Group are some of the major market participants. The increasing prevalence of chronic diseases will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Increasing prevalence of chronic diseases has been instrumental in driving the growth of the market.

Wearable Medical Devices Market 2020-2024: Segmentation

Wearable Medical Devices Market is segmented as below:

Application
- Therapeutic Medical Devices
- Diagnostic and Monitoring Medical Devices.
Geographic Landscape
- North America
- Europe
- Asia
- ROW

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Wearable Medical Devices Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our wearable medical devices market report covers the following areas:

Wearable Medical Devices Market size
Wearable Medical Devices Market trends
Wearable Medical Devices Market industry analysis

This study identifies emergence of innovative wearable medical devices as one of the prime reasons driving the wearable medical devices market growth during the next few years.

Wearable Medical Devices Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the wearable medical devices market, including some of the vendors such as Alphabet Inc., Apple Inc., BioTelemetry Inc., Demant AS, Garmin Ltd., General Electric Co., Koninklijke Philips NV, Medtronic Plc, OMRON Corp., and Sonova Group. Backed with competitive intelligence and benchmarking, our research reports on the wearable medical devices market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Wearable Medical Devices Market 2020-2024: Key Highlights

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist wearable medical devices market growth during the next five years
Estimation of the wearable medical devices market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the wearable medical devices market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of wearable medical devices market vendors

Table Of Contents:

Executive Summary

Market Overview

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Application

Market segments
Comparison by Application placement
Therapeutic medical devices – Market size and forecast 2019-2024
Diagnostic and monitoring medical devices – Market size and forecast 2019-2024
Market opportunity by Application

Customer Landscape

Overview

Geographic Landscape

Geographic segmentation
Geographic comparison
North America – Market size and forecast 2019-2024
Europe – Market size and forecast 2019-2024
Asia – Market size and forecast 2019-2024
ROW – Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography

Drivers, Challenges, and Trends

Market drivers
Volume driver – Demand led growth
Volume driver – Supply led growth
Volume driver – External factors
Volume driver – Demand shift in adjacent markets
Price driver – Inflation
Price driver – Shift from lower to higher priced units
Market challenges
Market trends

Vendor Landscape

Overview
Vendor landscape
Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
Alphabet Inc.
Apple Inc.
BioTelemetry Inc.
Demant AS
Garmin Ltd.
General Electric Co.
Koninklijke Philips NV
Medtronic Plc
OMRON Corp.
Sonova Group

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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