NEW YORK, Nov. 1, 2021 /PRNewswire/ -- The "Healthcare Wearables Market Segmented by Product (Vital sign monitors, Glucose monitors, Sleep apnea monitors, and Others), End-user (Hospitals and clinics, Nursing homes, and Others), and Geography (North America, Europe, Asia, and ROW) - Forecast and Analysis 2021-2025" has been added to Technavio's offerings. The healthcare wearables market size is expected to reach a value of USD 7.77 bn from 2021 to 2025. The market's growth momentum will accelerate at a CAGR of 14.67%.
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Key Market Participants Analysis
- Abbott Laboratories: The company offers Rx ICM heart monitor. Confirm Rx ICM continuously collects and analyzes data on heartbeat.
- Dexcom Inc.: The company offers Dexcom G6 CGM System, which helps in tracking glucose levels.
- Fitbit Inc.: The company offers its Fitbit range of smart watches, which helps in fitness and wellness tracking.
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Healthcare Wearables Market 2021-2025: Segmentation
- Product
- Vital Sign Monitors
- Glucose Monitors
- Sleep Apnea Monitors
- Others
- End-user
- Hospitals And Clinics
- Nursing Homes
- Others
- Geography
- North America
- Europe
- Asia
- ROW
The healthcare wearables market is driven by the increasing focus on fitness and a healthy lifestyle orientation, growth of industries such as home healthcare and remote patient monitoring devices, and the increasing prevalence of chronic diseases.
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Healthcare Wearables Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 14.67% |
Market growth 2021-2025 | USD 7.77 billion |
Market structure | Fragmented |
YoY growth (%) | 10.40 |
Regional analysis | North America, Europe, Asia, and ROW |
Performing market contribution | North America at 38% |
Key consumer countries | US, Germany, Canada, Japan, UK, The Netherlands, Mexico, France, and India |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Abbott Laboratories, Apple Inc., Dexcom Inc., Fitbit Inc., Garmin Ltd., General Electric Co., Koninklijke Philips NV, Masimo Corp., Medtronic Plc, and OMRON Corp. |
Market Dynamics | Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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