Europe, Middle East & Africa Wearable Medical Device, By Type (Diagnostic & Monitoring, Sign Monitoring And Therapeutic Devices) By Application (Fitness, Blood Pressure, Heart Rate, Weight Monitoring And Others) By End Users (Sports Person, Patients And Others) – Forecast To 2027
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The Europe, Middle East & Africa wearable medical devices market is expected to grow at a CAGR of 9.2% during the forecast period 2017-2023.
Key Players for Wearable Medical Device Market
Abbott (U.S.), Baxter (U.S.), B. Braun Melsungen AG (Germany), Becton Dickinson and Company (U.S.), Boston Scientific (U.S.), Cardinal Health (U.S.), General Electric Company (U.S.), Johnson & Johnson (U.S.), Medtronic (U.S.), Koninklijke Philips N.V. (Netherland), Siemens (U.S.), and Stryker (U.S.)
Segments
Europe, Middle East & Africa wearable medical devices market has been segmented on the basis of types, applications, and end users. On the basis of types, the market is segmented into diagnostic, vital sign monitoring, and therapeutic devices. On the basis of applications, it is segmented into fitness devices, blood pressure monitoring devices, heart rate monitoring devices, weight monitoring devices, and others. On the basis of the end users, the market is segmented as sports person, patients, and others.
Intended Audience
- Wearable medical device manufacturers
- Wearable medical device suppliers & distributers
- Device parts manufacturers
- Research and development (R&D) companies
- Medical research laboratories
- Academic medical institutes and universities
Regional Analysis of Wearable Medical Device Market Europe, Middle East & Africa region is divided into countries namely Europe, Middle East & Africa. Europe accounts for the largest market share owing to the demand for technological innovation in medical devices and availability of funds for research and development. Furthermore, increasing demand for fitness and health tracking devices also determine the market growth. Germany is the largest market for wearable devices in the Europe owing to the presence of key market players and overall growth of healthcare industry.
The Middle East region also shows growth in the wearable devices market owing to strengthening healthcare system, and demand for technology in healthcare. In the Middle, lack of physical exercise, lifestyle changes and rising prevalence of chronic diseases are factors driving the growth of this market.
Africa shows sluggish growth in the market due to low technology penetration and slow growth of medical services in this region.
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