The report of Global Wearable Heart Monitoring Devices Market by Type (Type, Chargeable & Non-chargeable, Bluetooth Enabled), Application (Healthcare, Consumer Market, Others), End-user (Retail Pharmacies, Hospitals, Academic Institutes, Others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 14.21 Bn by 2027, at a CAGR of 7.2% during a forecast period.
The report contains a detailed list of factors that will drive and restrain the growth of the devices market. Global wearable heart monitoring devices market is expanding invariably over the past couple of years. Growing rates of various heart conditions and cardiovascular disorders act as a major tailwind for the growth of the market. Moreover, the growing prevalence of risk factors leading to heart diseases, like sedentary lifestyle, obesity, arterial diseases, and diabetes, creates a huge demand for these heart health monitoring devices.
The retail pharmacies segment is dominating the global wearable heart monitoring devices market and valued around US$ XX Mn in 2019.
The retail pharmacies segment was valued at US$ XX.23 Mn in 2019 and is expected to reach US$ XX.11 Mn by 2027 at a CAGR of XX.32 % over the forecast period. The growing trend of self-monitoring and non-invasive monitoring and diagnosis has resulted in a substantial upsurge in the supply of wearable devices in pharmacies.
North America region is expected to account for the largest XX% market share by 2027.
North America is expected to continue holding the largest XX% share in wearable heart monitoring devices market owing to the high prevalence of AFib diseases and upsurge in health care spending. Besides, the presence of developed economies such as the US and Canada and global players such as Medtronic and Briggs Healthcare fuel market growth.
Key players operating in the Global Wearable Heart Monitoring Devices Market are 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, and Cardinal Health, Inc.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Wearable Heart Monitoring Devices Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Wearable Heart Monitoring Devices Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Wearable Heart Monitoring Devices Market positioning of competitors.
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