Global Wearable Medical Devices Market 2020-2024 | Evolving Opportunities with Garmin Ltd. and Apple Inc. | Technavio

LONDON--(BUSINESS WIRE)--Feb 10, 2020--

The wearable medical devices market is poised to grow by USD 10.24 billion during 2020-2024, progressing at a CAGR of over 10% during the forecast period. Request free sample pages

This press release features multimedia. View the full release here:

Technavio has announced its latest market research report titled global wearable medical devices market 2020-2024 (Graphic: Business Wire)

Read the 120-page report with TOC on "Wearable Medical Devices Market Analysis Report by Application (Therapeutic medical devices and Diagnostic and monitoring medical devices), Geographic segmentation (North America, Europe, Asia and ROW), and the Segment Forecasts, 2020-2024".

The market is driven by the increasing prevalence of chronic diseases. In addition, the emergence of innovative wearable medical devices is anticipated to boost the growth of the wearable medical devices market.

The prevalence of chronic conditions such as CVDs, respiratory diseases, diabetes, and cardiac diseases is increasing around the world. Patients suffering from these medical conditions require constant monitoring, which is driving the demand for wearable medical devices. These medical devices offer many benefits such as ease of data transfer, cost-effectiveness, real-time and continuous monitoring, and high patient convenience and comfort. Patients increasingly prefer wearable medical devices to cut down on costs and minimize the burden of hospital visits. Thus, the increasing prevalence of chronic diseases is expected to drive market growth during the forecast period.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Wearable Medical Devices Market Companies:

Apple Inc.

Apple Inc. operates the business under various segments such as Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The company offers Apple Watch Series 5, Apple Watch Series 4, and Apple Watch Series 3.

BioTelemetry Inc.

BioTelemetry Inc. offers products through the following business units: Healthcare and Research. The company offers MCOT Patch, MCT 3 Lead (MCT 3L), wEvent, and ePatch.

Demant AS

Demant AS operates under various business segments, namely Hearing Devices, Diagnostic Instruments, and Hearing Implants. The company offers Oticon Xceed, Rechargeable miniRITE T R, Captivate, and Others.

Garmin Ltd.

Garmin Ltd. offers products through the following business segments: Fitness, Outdoor, Auto, Aviation, and Marine. The company offers Venu, vívoactive 4S, vívofit jr. 2, vívosmart 4, and Others.

General Electric Co.

General Electric Co. offers products through the following business segments: Aviation, Power, Oil and gas, Healthcare, Renewable energy, Transportation, Lighting, and Capital. The company offers Novii Wireless Patch System, which is a wearable fetal or maternal monitor.

Register for a free trial today and gain instant access to 17,000+ market research reports.

Technavio's SUBSCRIPTION platform

Wearable Medical Devices Market Application Outlook (Revenue, USD Billion, 2020-2024)

  • Therapeutic medical devices
  • Diagnostic and monitoring medical devices

Wearable Medical Devices Market Geographic Outlook (Revenue, USD Billion, 2020-2024)

  • North America
  • Europe
  • Asia
  • ROW

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Related Reports on Health Care Include:

Medical Devices Market – Global Medical Devices Market by product (therapeutic and surgical devices, PMDMID, and other medical devices) and geography (Asia, Europe, North America, and ROW).

Medical Image Analysis Software Market – Global Medical Image Analysis Software Market by geography (APAC, Europe, MEA, North America, and South America) and type (standalone and integrated).

About Technavio

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.

View source version on

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]




SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 02/10/2020 09:00 AM/DISC: 02/10/2020 09:01 AM

Bg pattern light


Subscribe to Samoa Observer Online

Enjoy access to over a thousand articles per month, on any device as well as feature-length investigative articles.

Ready to signup?