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Wearable Medical Devices Market Middle-East is expected to reach USD XX Billion by 2027 from USD XX Billion in 2019 at a CAGR of 11.5% (Detailed analysis of the market CAGR is provided in the report).
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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The wearable market for medical devices in Middle-East has undergone some major transformations in the last couple of years. Changes and acceptance of new products have been huge with growing demand for smart wearable and fitness bands. Products such as watches, eyewear, earwear and clothing among others have made great revolutions in medical wearable devices market globally.
Wearable Medical Devices Market Segment Analysis:
On the basis of type, a Middle-East market for wearable medical devices has been segmented into smartwatches, patches, smart clothing, and activity monitors. Activity monitors have formed one of the leading segments that is further expected to grow at a high rate in future as well. Rapid growth in the number of smart devices for quicker diagnosis has been a major factor that has boosted the growth of wearable medical devices. Middle-East has seen huge investments being made in the healthcare infrastructure with the government coming up with new policies to inculcate the real-time transfer of patient information to come with better medical solutions. Smartwatches have formed another major segment in Middle-East wearable devices market. Exhaustive features such as designs, trendy interfaces, maintaining responsiveness, smartphone interaction, better battery life, and higher sensor performance have been a few other key benefits to boost overall demand of smart wearable in Middle-East.
Distribution channel for wearable medical devices market in Middle-East has been segmented into pharmacies, online channels, and hypermarkets. It is seen that pharmacies and online channels have formed two major segments in terms of distribution for Middle-East. Easier availability of products that can be seen and verified has given the advantage to pharmacies over other modes of distribution channels. Other than this, online channels have seen a huge surge in the last few years. Availability of a large number of brands along with wider reach across different strata has been a few major contributing factors that have made online channels one of the major distribution channels.
Applications covered under the scope of this report include sports and fitness, remote patient monitoring and home healthcare. Sports & fitness, as well as home healthcare, have formed two major segments for wearable medical devices market in Middle-East. Home healthcare has seen immense growth in the last few years. Growing incidences regarding equipped medical amenities within the reach and comfort of your home have been a major reason contributing to the overall growth of the market.
Considering the geography segment, Middle-East market for wearable medical devices has been bifurcated into various industries. It is seen and observed that GCC countries formed a major market segment along with countries monitoring high growth rate. Rising awareness among people regarding their health improved health infrastructure along with more advent and commercialization of smart wearable has further helped the market to grow.
Wearable Medical Devices Market Research Methodology:
The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at a country level to get a fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the market value for Wearable Medical Devices Market Middle-East.
Wearable Medical Devices Market Middle-East, Key Highlights:
• Wearable Medical Devices Market Middle-East analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Wearable Medical Devices Market Middle-East
• Wearable Medical Devices Market Middle-East segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Wearable Medical Devices Market Middle-East strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Wearable Medical Devices Market Middle-East analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Wearable Medical Devices Market Middle-East are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of the Wearable Medical Devices Market: Inquire before buying
The research report segments the Wearable Medical Devices market based on type, distribution channel, device type, application and geography.
Wearable Medical Devices Market, by Type:
• Activity Monitor
• Smartwatches
• Smart Clothing
• Patches
Wearable Medical Devices Market, by Distribution Channel:
• Pharmacies
• Online Channel
• Hypermarkets
Wearable Medical Devices Market, by Device Type:
• Diagnostic & Monitoring Devices
• Vital Sign
• Glucose
• Sleep
• Fetal Monitoring & Obstetric
• Neuromonitoring
• Therapeutic Devices
• Pain Management
• Rehabilitation
• Respiratory Therapy
• Insulin
Wearable Medical Devices Market, by Application:
• Sports & Fitness
• Remote Patient Monitoring
• Home Healthcare
Wearable Medical Devices Market, by Geography:
• Middle-East
• GCC Countries
• Israel
• Others
Wearable Medical Devices Market Geographic Analysis
• Breakdown of GCC Countries Wearable Medical Devices market
• Breakdown of Israel Wearable Medical Devices market
• Breakdown of Others Wearable Medical Devices market
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