Global Wearable Heart Monitoring Devices Market size was valued US$ XX Bn. in 2019 and the total revenue is expected to grow at 7.2% from 2019 to 2027, reaching nearly US$ 14.21 Bn.
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Wearable heart monitoring devices are usually worn on the wrist or a chest strap. Also, these devices measure the breathing rate and core temperature of the body. Wearable devices play a significant role in improving fitness and warning users in case of potential health issues, like irregular heartbeats.
The global wearable heart monitoring devices market dynamics are thoroughly studied and explained in the MMR report, which helps the reader to understand emerging market trends, drivers, restraints, opportunities, and challenges at the global and regional level for the wearable heart monitoring devices market. The pain and associated complications through surgery, the invention in surgical procedures, and the cost-effectiveness of surgeries are fueling the growth of the wearable heart monitoring devices market globally. According to the National Health Service (NHS) in 2015, an average American is constantly connected by high bandwidth to a vast network of data and sophisticated digital platforms with above 90% of American adults possessing a cell phone and 55% have smartphones. Such exploitation of technology has simplified the development of mobile phones based on wearable heart monitoring devices. A cardiac condition such as atrial fibrillation (AFib) needs extensive and continuous monitoring.
On the other hand, lack of consumer’s awareness towards heart rate monitoring devices coupled with the failure of wrist band heart rate monitoring devices to produce exact heart rate data is also one of the major factors which are expected to hinder the growth of the global market for heart rate monitoring devices in the upcoming years.
The report covers the segments in the wearable heart monitoring devices market such as type, end-user, and application. By application, the healthcare segment is expected to account for the largest XX.19% market share by 2027. Thanks to the growing geriatric population triggering the prevalence of target diseases along with the rising need to curb healthcare expenditure as an economically possible initiative.
North America is expected to continue holding the largest 7.4% share in wearable heart monitoring devices market because of a well-developed healthcare sector and a highly developed information technology sector. Also, the high prevalence of AFib diseases, growing healthcare expenditure has boosted the growth of the market in the USA. The presence of developed economies likes the US and Canada and global players like Medtronic, Beurer GmbH within the regional boundaries drive the market growth.
Europe is the second-largest wearable heart monitoring devices market following North America. Germany is projected to foresee over XX.05% CAGR during the forecast period. As per the European Commission, nearly 48,000 bypass surgeries were conducted in 2017. Wide application of wearable defibrillators and patches in continuous monitoring of post-procedural heart conditions will boost the market growth in estimate years.
The report also focuses on global major leading industry players of wearable heart monitoring devices market providing information such as company profiles, product picture and specification, capacity, production, cost, and revenue. In 2018, Abbott Laboratories launched ICM (Insertable Cardiac Monitor) through India, providing patients access to the world's first and only smartphone compatible ICM. The technology is designed to help physicians remotely find cardiac arrhythmias. This product is intended to monitor patients’ heart rhythm and transmit data through Bluetooth wireless technology to Abbott dedicated mobile app for the product.
The objective of the report is to present a comprehensive analysis of the Global Wearable Heart Monitoring Devices Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Wearable Heart Monitoring Devices Market dynamics, structure by analyzing the market segments and projects the Global Wearable Heart Monitoring Devices Market size. Clear representation of competitive analysis of key players by application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Wearable Heart Monitoring Devices Market make the report investor’s guide.
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Global Wearable Heart Monitoring Devices Market, By Product
• Electric pulse based
• Optical technology based
Global Wearable Heart Monitoring Devices Market, By Distribution Channel
• Pharmacies
• Online channels
• Hypermarkets
Global Wearable Heart Monitoring Devices Market, By Device Type
• Chargeable & Non-chargeable
• Bluetooth Enabled
Global Wearable Heart Monitoring Devices Market, By Application
• Healthcare
• Consumer Market
• Other
Global Wearable Heart Monitoring Devices Market, By End-user
• Retail Pharmacies
• Hospitals
• Academic Institutes
• Others
Global Wearable Heart Monitoring Devices Market, By Region
• Asia Pacific
• North America
• Europe• Latin America
• Middle East Africa
Key players operating in the Global Wearable Heart Monitoring Devices Market
• Boston Scientific Corporation
• Koninklijke Philips N.V.
• Johnson & Johnson
• CONMED Corporation
• Kinetec Products UK Ltd.
• Beurer GmbH
• Abbott
• Medisana GmbH
• Polar Electro Oy
• Garmin Ltd.
• Amer Sports Corporation
• Medtronic plc.
• Cardinal Health, Inc
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