Global Connected Health Wellness Devices Market – 2020-2026
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Summary: Connected Health Wellness Devices Market
The U.S. wearable sensors market is expected to increase to $100.35 million by 2018 at a CAGR of 46.87% over the period 2020-2026. Wearable sensors are embedded in wearable devices to monitor bodily activities which include blood pressure, body temperature and heart rate, which is driving the healthcare industry as it enables remote data access. The market is driven due to the rising awareness of health and fitness, where wearable sensors play a vital role. The falling price of the components used to manufacture the wearable sensors is making the wearable devices affordable. Increasing demand across various application sectors such as wearable technology for fitness, healthcare and security is driving the U.S. wearable sensors market to grow lucratively.
The rising market of smartphones and tablets is enabling the integration of wearable devices with the smartphones. Wrist wear segment holds the majority of the market share and is anticipated to dominate the market during the forecast period. The introduction of smart watches from companies like Samsung, Sony and Nike among others has given a boost to this market. U.S. has the highest penetration for wearable sensors as they are the early adapters of newer technology. The dominance is due to the urge to maintain a healthy lifestyle in U.S. Rapid increase in technological advancements in this country is also contributing to growth of U.S. wearable sensors market.
The U.S. Wearable Sensors Market is segmented on the basis of Type (Motion, Inertial, Temperature, Health, Pressure, Image, and Others), & Industry (Healthcare, Consumer Applications, Sports/Fitness, Industrial, Entertainment & Media, and Others).
This report describes a detailed study of the Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis.
The report also considers key trends that will impact the industry and profiles over 10 leading suppliers of U.S. Wearable Sensors Market. Some of the top companies mentioned in the report are Infineon Technologies AG (Germany), Freescale semiconductor Inc. (U.S.), and Maxim Integrated Products Inc. (U.S.), Analog Devices Inc. (U.S.), Panasonic Corporation (Japan), Samsung (South Korea) and among others.
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Understanding the segments helps in identifying the importance of different factors that aid the
Key Player Classification
There are major key players recognized as top brands across different regions. These key players are manufacturing the products to meet the demand request of the consumers. The major key players become part of the global Connected Health Wellness Devices Market only if they see profit in it. The global Connected Health Wellness Devices Market has immense demand that the supply falls short at times. To overcome these, many more key players were approached, and the supply & demand aspects are fulfilled. These key players give in collective efforts to ensure that the market reaches to a strong position.
Regional Classification
Based on the regional segmentation, the global Connected Health Wellness Devices Market is widely spread across various regions of the world. These regions are North America, Asia Pacific, South America, Europe, and others. Amongst all these regions, North America generates the highest revenue because of the growing demand amongst consumers. Other regions are also competing to come on the top. But the collective efforts in all those regions brings up a hefty revenue for the global Connected Health Wellness Devices Market. As per the growth ratio is concerned, the market revenue and the sales rate is about to go up in most of the regions.
The major players in the market include:
Omron Healthcare
McKesson
Philips Healthcare
GE Healthcare
Draeger Medical Systems
Fitbit
St. Jude Medical
Medtronic
Aerotel Medical Systems
Boston Scientific
Body Media
Garmin
Microlife
Masimo
AgaMatrix
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Key Market Trends | Growth | Share | Sale | Revenue | Manufactures | Technology Component
Research Methodology
The study of the Connected Health Wellness Devices Market is a complete study of modern trends gathered from worldwide, industry growth drivers as well as restraints. It presents market estimations for the coming years. It includes analysis of current developments using Porter is five force model examination and scrupulous profiles of peak industry players. The report also incorporates an evaluation of micro and macro factors essential for the accessible market players and fresh entrants along with methodical value chain analysis. The report also features a wide-ranging qualitative and quantitative assessment by examining data assembled from industry analysts and market participants contributing to the Connected Health Wellness Devices Market.
Industry Players
The established players of the market have been evaluated thoroughly in the report covering an in-depth analysis of the global Connected Health Wellness Devices Market. The evaluation comprises the methods adopted by the players in the market. The established and the new players have been assessed thoroughly. Some of the adopted strategies are partnership, mergers and acquisition, investment. Further, the growing initiative of performing research and development is likely to further enhance the market strength in the forthcoming period.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges.
Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Product market size market and estimate the market size for Company, regions segments, product segments and Application (end users).The market estimations in this report are based on the marketed sale price of Product (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). The percentage splits, market share, and breakdown of the product segments are derived based on weightages assigned to each of the segments based on their utilization rate and average sale price. The regional splits of the overall Product market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
What are the key segments in the market?
- By product type
- By End User/Applications
- By Technology
- By Region
Which market dynamics affect the business?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Table of Content: Connected Health Wellness Devices Market
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
…
11 Company Profiles
12 Future Forecast
13 Market Opportunities, Challenges, Risks, and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis
15 Research Findings and Conclusion
16 Appendix
Continued…
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