Wearable And Implantable Medical Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Implantable and wearable medical devices (IWMDs) are the devices that are used to monitor, diagnose, and therapy of an ever-increasing range of medical conditions, leading to improved quality of life and outcomes for patients. Advances in the use of IWMDs have been appended, and in significant part enabled, by improvements in their functional complexity, wireless connectivity to allow for post-deployment monitoring, and programmability to enable therapy to be tuned to the evolving needs of each patient.
MARKET DYNAMICS
The primary factors contributing to the wearable and implantable medical devices market's growth are the growing geriatric population, high demand for implantable and wearable medical devices, increasing burden of chronic diseases, and increasing awareness among end users about implantable and wearable devices.
MARKET SCOPE
The "Wearable and Implantable Medical Devices Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of wearable and implantable medical devices market with detailed market segmentation by type and end user. The wearable and implantable medical devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in wearable and implantable medical devices market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The wearable and implantable medical devices market is segmented on the basis of type and end user. Based on type, the market is segmented as wearable medical devices, and implantable medical devices. Based on end user, the market is segmented as hospitals, ambulatory surgery centers (ASCS), and clinics.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the wearable and implantable medical devices market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The wearable and implantable medical devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting wearable and implantable medical devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the wearable and implantable medical devices market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the wearable and implantable medical devices market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The wearable and implantable medical devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting wearable and implantable medical devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the wearable and implantable medical devices market in these regions.
MARKET PLAYERS
The report covers key developments in the wearable and implantable medical devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from wearable and implantable medical devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for wearable and implantable medical devices in the global market. Below mentioned is the list of few companies engaged in the wearable and implantable medical devices market.
The report also includes the profiles of key players in wearable and implantable medical devices market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- PHILIPS
- ABBOTT
- JOHNSON AND JOHNSON
- DRAGERWERK
- ALLERGAN
- MEDTRONIC
- GE HEALTHCARE
- 3M HEALTHCARE
- STRYKER
- BOSTON SCIENTIFIC CORPORATION
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Wearable And Implantable Medical Devices Market - By Type
1.3.2 Wearable And Implantable Medical Devices Market - By End User
1.3.3 Wearable And Implantable Medical Devices Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WEARABLE AND IMPLANTABLE MEDICAL DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. WEARABLE AND IMPLANTABLE MEDICAL DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WEARABLE AND IMPLANTABLE MEDICAL DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. WEARABLE AND IMPLANTABLE MEDICAL DEVICES - GLOBAL MARKET OVERVIEW
6.2. WEARABLE AND IMPLANTABLE MEDICAL DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WEARABLE AND IMPLANTABLE MEDICAL DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. WEARABLE MEDICAL DEVICES
7.3.1. Overview
7.3.2. Wearable Medical Devices Market Forecast and Analysis
7.4. IMPLANTABLE MEDICAL DEVICES
7.4.1. Overview
7.4.2. Implantable Medical Devices Market Forecast and Analysis
8. WEARABLE AND IMPLANTABLE MEDICAL DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. AMBULATORY SURGERY CENTERS (ASCS)
8.4.1. Overview
8.4.2. Ambulatory Surgery Centers (ASCs) Market Forecast and Analysis
8.5. CLINICS
8.5.1. Overview
8.5.2. Clinics Market Forecast and Analysis
9. WEARABLE AND IMPLANTABLE MEDICAL DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Wearable And Implantable Medical Devices Market Overview
9.1.2 North America Wearable And Implantable Medical Devices Market Forecasts and Analysis
9.1.3 North America Wearable And Implantable Medical Devices Market Forecasts and Analysis - By Type
9.1.4 North America Wearable And Implantable Medical Devices Market Forecasts and Analysis - By End User
9.1.5 North America Wearable And Implantable Medical Devices Market Forecasts and Analysis - By Countries
9.1.5.1 United States Wearable And Implantable Medical Devices Market
9.1.5.1.1 United States Wearable And Implantable Medical Devices Market by Type
9.1.5.1.2 United States Wearable And Implantable Medical Devices Market by End User
9.1.5.2 Canada Wearable And Implantable Medical Devices Market
9.1.5.2.1 Canada Wearable And Implantable Medical Devices Market by Type
9.1.5.2.2 Canada Wearable And Implantable Medical Devices Market by End User
9.1.5.3 Mexico Wearable And Implantable Medical Devices Market
9.1.5.3.1 Mexico Wearable And Implantable Medical Devices Market by Type
9.1.5.3.2 Mexico Wearable And Implantable Medical Devices Market by End User
9.2. EUROPE
9.2.1 Europe Wearable And Implantable Medical Devices Market Overview
9.2.2 Europe Wearable And Implantable Medical Devices Market Forecasts and Analysis
9.2.3 Europe Wearable And Implantable Medical Devices Market Forecasts and Analysis - By Type
9.2.4 Europe Wearable And Implantable Medical Devices Market Forecasts and Analysis - By End User
9.2.5 Europe Wearable And Implantable Medical Devices Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Wearable And Implantable Medical Devices Market
9.2.5.1.1 Germany Wearable And Implantable Medical Devices Market by Type
9.2.5.1.2 Germany Wearable And Implantable Medical Devices Market by End User
9.2.5.2 France Wearable And Implantable Medical Devices Market
9.2.5.2.1 France Wearable And Implantable Medical Devices Market by Type
9.2.5.2.2 France Wearable And Implantable Medical Devices Market by End User
9.2.5.3 Italy Wearable And Implantable Medical Devices Market
9.2.5.3.1 Italy Wearable And Implantable Medical Devices Market by Type
9.2.5.3.2 Italy Wearable And Implantable Medical Devices Market by End User
9.2.5.4 Spain Wearable And Implantable Medical Devices Market
9.2.5.4.1 Spain Wearable And Implantable Medical Devices Market by Type
9.2.5.4.2 Spain Wearable And Implantable Medical Devices Market by End User
9.2.5.5 United Kingdom Wearable And Implantable Medical Devices Market
9.2.5.5.1 United Kingdom Wearable And Implantable Medical Devices Market by Type
9.2.5.5.2 United Kingdom Wearable And Implantable Medical Devices Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Wearable And Implantable Medical Devices Market Overview
9.3.2 Asia-Pacific Wearable And Implantable Medical Devices Market Forecasts and Analysis
9.3.3 Asia-Pacific Wearable And Implantable Medical Devices Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Wearable And Implantable Medical Devices Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Wearable And Implantable Medical Devices Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Wearable And Implantable Medical Devices Market
9.3.5.1.1 Australia Wearable And Implantable Medical Devices Market by Type
9.3.5.1.2 Australia Wearable And Implantable Medical Devices Market by End User
9.3.5.2 China Wearable And Implantable Medical Devices Market
9.3.5.2.1 China Wearable And Implantable Medical Devices Market by Type
9.3.5.2.2 China Wearable And Implantable Medical Devices Market by End User
9.3.5.3 India Wearable And Implantable Medical Devices Market
9.3.5.3.1 India Wearable And Implantable Medical Devices Market by Type
9.3.5.3.2 India Wearable And Implantable Medical Devices Market by End User
9.3.5.4 Japan Wearable And Implantable Medical Devices Market
9.3.5.4.1 Japan Wearable And Implantable Medical Devices Market by Type
9.3.5.4.2 Japan Wearable And Implantable Medical Devices Market by End User
9.3.5.5 South Korea Wearable And Implantable Medical Devices Market
9.3.5.5.1 South Korea Wearable And Implantable Medical Devices Market by Type
9.3.5.5.2 South Korea Wearable And Implantable Medical Devices Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Wearable And Implantable Medical Devices Market Overview
9.4.2 Middle East and Africa Wearable And Implantable Medical Devices Market Forecasts and Analysis
9.4.3 Middle East and Africa Wearable And Implantable Medical Devices Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Wearable And Implantable Medical Devices Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Wearable And Implantable Medical Devices Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Wearable And Implantable Medical Devices Market
9.4.5.1.1 South Africa Wearable And Implantable Medical Devices Market by Type
9.4.5.1.2 South Africa Wearable And Implantable Medical Devices Market by End User
9.4.5.2 Saudi Arabia Wearable And Implantable Medical Devices Market
9.4.5.2.1 Saudi Arabia Wearable And Implantable Medical Devices Market by Type
9.4.5.2.2 Saudi Arabia Wearable And Implantable Medical Devices Market by End User
9.4.5.3 U.A.E Wearable And Implantable Medical Devices Market
9.4.5.3.1 U.A.E Wearable And Implantable Medical Devices Market by Type
9.4.5.3.2 U.A.E Wearable And Implantable Medical Devices Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Wearable And Implantable Medical Devices Market Overview
9.5.2 South and Central America Wearable And Implantable Medical Devices Market Forecasts and Analysis
9.5.3 South and Central America Wearable And Implantable Medical Devices Market Forecasts and Analysis - By Type
9.5.4 South and Central America Wearable And Implantable Medical Devices Market Forecasts and Analysis - By End User
9.5.5 South and Central America Wearable And Implantable Medical Devices Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Wearable And Implantable Medical Devices Market
9.5.5.1.1 Brazil Wearable And Implantable Medical Devices Market by Type
9.5.5.1.2 Brazil Wearable And Implantable Medical Devices Market by End User
9.5.5.2 Argentina Wearable And Implantable Medical Devices Market
9.5.5.2.1 Argentina Wearable And Implantable Medical Devices Market by Type
9.5.5.2.2 Argentina Wearable And Implantable Medical Devices Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL WEARABLE AND IMPLANTABLE MEDICAL DEVICES MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. WEARABLE AND IMPLANTABLE MEDICAL DEVICES MARKET, KEY COMPANY PROFILES
12.1. PHILIPS
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ABBOTT
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. JOHNSON AND JOHNSON
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. DRAGERWERK
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. ALLERGAN
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MEDTRONIC
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. GE HEALTHCARE
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. 3M HEALTHCARE
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. STRYKER
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. BOSTON SCIENTIFIC CORPORATION
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. PHILIPS
2. ABBOTT
3. JOHNSON AND JOHNSON
4. DRAGERWERK
5. ALLERGAN
6. MEDTRONIC
7. GE HEALTHCARE
8. 3M HEALTHCARE
9. STRYKER
10. BOSTON SCIENTIFIC CORPORATION
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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