09 Feb 2021
In healthcare industry, wearable technology includes electronic devices that consumers can wear such as fitbits and smartwatches. They are mainly designed to collect data of user’s personal health and exercise. There are many wearable medical devices used for different applications such as measurement of fitness of body, heart bit measurement, ECG measurement, to monitor blood pressure etc. Use of biosensors and disease specific functionality smartwatches are the future of medical wearables.
Increase popularity and introduction of new innovative products are driving the growth of Medical Wearables market over forecast period.
"Global Medical Wearables Market is valued at USD 12.788 billion in 2019 and expected to reach USD 37.67 Billion by 2025 with the CAGR of 19.73% over the forecast period."
Top Medical Wearables Companies in Global Market 2021
Fitbit, Inc. is an American Company established in 2007 and headquartered at San Francisco, California United States. Specialties in consumer tech, wearables, and health & wellness. Fitbit had nearly 1684 Employees and had a revenue of $ 1 Billion.
Koninklijke Philips N.V. is a Dutch multinational conglomerate corporation established in 1891 and headquartered at Amsterdam, North Holland, Netherlands. Specialties in Healthcare, Medical Devices, Health systems, Cardiology, Healthtech, Oncology, Respiratory, Fertility, pregnancy, and Connected Care. Philips Electronics had nearly 80000 Employees and had a revenue of $ 20 Billion.
Polar Electro established in 1977 and headquartered at Kempele, Northern Ostrobothnia, 90440, Finland. Specialties in Consumer electronics, Heart rate monitors and GPS watches, Mobile apps, Training web services, Group training solutions, OEM technologies, and Wearable sports sensors. Polar Electro had nearly 1200 Employees and had a revenue of $776 Million.
Jawbone was an American privately held company established in 1999 and headquartered at San Francisco, CA, United States. Specialties in Health Software.
Intelesens Ltd established in 2000 and headquartered at Belfast, Belfast, BT3 9LE, United Kingdom. Specialties in Biomedical Engineering, Defibrillator Electrode Manufacturing, Medical Device Design, ECG electrode manufacture, concept development, Human Factor Evaluation, Regulatory Compliance, Design and Prototyping, Optimised material supply, and contract Manufacture.
Key Benefits for Global Medical Wearables Market Reports–
Global Medical Wearables Market report covers in depth historical and forecast analysis.
Global Medical Wearables Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Medical Wearables Market report helps to identify opportunities in market place.
Global Medical Wearables Market report covers extensive analysis of emerging trends and competitive landscape.