Europe, Middle East & Africa Wearable Medical Device Market is expected to reach USD 150 million by 2023 at a CAGR of 9.2% during the forecast period 2018-2023.

Europe Middle & Africa Wearable Medical Device Market - Key Players

Some of the major players in this market are 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.)

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Europe Middle & Africa Wearable Medical Device Market - Overview

The market for wearable medical devices has seen a dramatic rise in recent years owing to factors such as increasing health consciousness among people, and varying consumers’ behavior while purchasing fitness trackers. As a result, medical device manufacturers are currently shifting their focus from fully fixed equipment to portable and wearable devices. Furthermore, innovation and advancements in wearable technology, especially miniaturization of sensor technology, wireless communication technology, and wearable computational technology trigger the development of small, durable, comfortable, safe and low cost wearable medical devices. The miniaturization of wearable devices has also enabled clinical monitoring beyond the hospital area, in the home or during outdoor activities.

In Europe, Middle East & Africa, large pool of population have lifestyle diseases such as diabetes and obesity, which has increased the risk of cancer. Moreover, rising lack of exercise, and rising demand for fitness trackers drives the market. On the other hand, high cost of these devices may act as a restrain for the growth of this market.

Europe Middle & Africa Wearable Medical Device Market - 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

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Europe Middle & Africa Wearable Medical Device Market - Regional Analysis

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.

Some of Major Table of Contents for Europe Middle & Africa Wearable Medical Device Market Research Report- Forecast To 2023

1. Report Prologue

2. Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

2.4. Market Segmentation

3. Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4. Market Dynamics

Continued…

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