The Business Research Company’s latest report Wearable Medical Devices Global Market Report 2020 covers Wearable Medical Devices market drivers, Wearable Medical Devices market trends, Wearable Medical Devices market segments, Wearable Medical Devices market growth rate, Wearable Medical Devices market major players, and Wearable Medical Devices market size. The report provides in-depth analysis of the impact of COVID-19 on the Wearable Medical Devices industry, along with revised market numbers due to the effects of the coronavirus.
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Wearable Medical Devices Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global wearable medical devices market is expected decline from $8.87 billion in 2019 to $8.35 billion in 2020 at a compound annual growth rate (CAGR) of -5.83%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $16.08 billion in 2023 at CAGR of 24.39%.
The report covers the Wearable Medical Devices market’s segments-
1) By Device Type, Diagnostic Devices, Therapeutic Devices.
2) By Product Type, Watch, Wristband, Clothing, Ear Wear, Other Devices.
3) By Distribution Channel, Pharmacies, Online Channel, Hypermarkets.
4) By Application, Sports And Fitness, Remote Patient Monitoring, Home Healthcare, Ear Wear.
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