Artificial Intelligence
Wearable Medical Devices Market: An In-depth Analysis from 2018-2027, Highlighting Key Players, Types, Applications, Regional Trends, Opportunities, Challenges, and Risk Factors in the Competitive Landscape | Douglas Insights
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Isle of Man, Jan. 31, 2023 (GLOBE NEWSWIRE) — The global wearable medical devices market is growing faster due to various market drivers, but technological advancements and developments are the main drivers of growth.
These wearable medical devices include sleep and fitness trackers, smartwatches, finger rings, pulse oximeters, body sensors, etc.
They are portable equipment that can monitor and diagnose patients’ vital health signals like blood pressure, respiration rate, heart rate, etc. These devices are placed externally on the patient’s body or worn to collect crucial data about patient health.
Wearable medical devices allow their users to view their vitals and other indicators of good health, as well as a variety of medical treatments. Not only are they a great product to improve the patient population’s lifestyle, but also to improve the lifestyle of the general population.
These devices can provide real-time data and historical data for evaluation while making it easy for everyone to use, thanks to user-friendly interfaces. Wearable medical devices have plenty of applications in the healthcare sector.
With technological innovation, features like EKG capabilities, fall detection, and a real-time blood glucose monitor have been added to these devices.
Other technological advancements, like artificial intelligence (AI), are also improving wearable medical devices. Recently, the FDA approved AI-based wearable technology that can measure different vital signs for at-home patient use.
Browse to access an In-depth research report on Global Wearable Medical Devices Market with detailed charts and figures: https://douglasinsights.com/wearable-medical-devices-market
Such technologies are a key driver for the global wearable medical devices market. The COVID-19 pandemic has further boosted the growth of this market due to a surge in health consciousness, awareness, and demand for at-home health monitoring and diagnoses.
Other features of wearable medical devices, like contact tracing capabilities and prompts to maintain social distancing, have helped them gain popularity since the pandemic. On the other hand, a wide range of fitness tracking, mental care, and individualised reporting features have made them attractive to the general public, fitness enthusiasts, athletes, and professionals.
Once again, these features are accredited to technological advancements. They are the key factor driving the growth and boom of the global wearable medical devices market. Of course, there are other growth drivers, like increased cases of chronic diseases worldwide and the global rise in health consciousness and fitness trends.
The wearable medical devices industry has also been spurred by the widespread application of smartphones, mobile devices, and healthcare apps. The rise of such remote health information systems has significantly improved patient comfort, furthering demand.
However, as with any market’s growth, there are some restraints. Factors such as the high cost of acquisition, the high cost of maintaining them, and limited life cycles deter widespread adoption.
Another key restraint to the growth of the global wearable medical devices market is unfavourable regulations in certain regions. For example, many countries in the European region consider medical treatment with the physical presence of a doctor with the patient.
So, remote treatment solutions, like from certain wearable medical devices, are not eligible for reimbursement. Such outdated regulations are stifling the development of remote and wearable healthcare solutions.
However, once again, technology has the answer to this restraint. Advancements like 5G connectivity, AI, and machine learning (ML) capabilities are helping overcome the lack of real-time diagnosis and connection between doctors and patients.
These technologies also provide predictive diagnosis, which is further helping patient care. Ultimately, these new technologies can help innovate solutions and add to the growth of the wearable medical devices market.
However, the mentioned things alone do not paint the full picture of the global wearable medical devices market and technology’s hand in its growth.
For that, Douglas Insights offers a comprehensive report on this market that outlines everything about the industry and market, its current state, and projections about its future in the coming years.
You can identify the current and future potential of the wearable medical devices market and gain a detailed analysis of the growth drivers, restraints, growth opportunities, market trends, regulatory scenario, competitive environment, and more.
Browse to access an In-depth research report on Global Wearable Medical Devices Market with detailed charts and figures: https://douglasinsights.com/wearable-medical-devices-market
It gives deep insights into the competition and descriptive company profiles of the key global market players, such as Abbott, General Electric Co., Medtronic PLC, Siemens Healthineers AG, Thync Inc. and VivoSensMedical GmbH.
Businesses can also access actionable information like growth projections, market trends, historic data, and CAGR to help predict production schedules and other aspects of their business.
The report makes it easy for businesses to learn about developing promising devices and technologies and how likely they can be marketable in the coming years.
There are insights on various relevant details in the global wearable medical devices market, like research and development, revenue and market share analysis, and information on mergers and acquisitions and collaboration agreements.
Since the report highlights the global market, there is a detailed analysis of the market by region, including North America, Europe, Asia-Pacific, the Middle East, Africa, and South America.
You will gain a highlight on the upcoming market potential and areas of focus to forecasting this market into various segments and sub-segments.
Whether you are a marketer, business person, investor, or professional in the wearable medical devices industry, this report is essential for you, as it can positively affect your major future decisions through data-driven analysis.
The report will enlighten you on recent global trends and technologies propelling the global wearable medical devices market. Not only will you get a better idea of the opportunities in the market, but also about the pitfalls you must avoid.
Things like government regulations, market challenges, risks, restraints, issues, and technological challenges are highlighted for you to learn from.
The sheer detail of this report will amaze you and provide a detailed overview of the market you need to succeed. More than anything, the report is an investment into your future in the wearable medical devices industry.
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Countries Covered in the report are as below:
- North America – United States, Canada, and Mexico
- Europe – United Kingdom, Germany, France, Italy, Russia, Spain & Rest of Europe
- Asia-Pacific – China, India, Japan, South Korea, Australia & Rest of APAC
- Latin America – Brazil, Argentina, Peru, Chile & Rest of Latin America
- Middle East and Africa – Saudi Arabia, UAE, Israel, South Africa
Segmentation Covered into Global Wearable Medical Devices Market-
By Type:
Activity Monitors
Smartwatches
Smart Clothing
Patches
By Distribution Channel:
Pharmacies
Online Channel
Hypermarkets
By Device Type:
Diagnostics & Monitoring Devices
o Vital Signs Monitoring Devices
o Glucose Monitoring Devices
o Sleep Monitoring Devices
o Fatal Monitoring & Obstetric Devices
o Neuromonitoring Devices
Therapeutic Devices
o Pain Management Devices
o Rehabilitation Devices
o Respiratory Therapy Devices
o Insulin Pumps
By Application:
Sports & Fitness
Remote Patient Monitoring
Home Healthcare
By Regions:
North America
o U.S.
o Canada
Europe
o UK
o Germany
Asia Pacific
o China
o India
o Japan
Latin America
o Brazil
o Mexico
Rest of the World
Key questions answered in this report
- COVID 19 impact analysis on global Wearable Medical Devices industry.
- What are the current market trends and dynamics in the Wearable Medical Devices market and valuable opportunities for emerging players?
- What is driving Wearable Medical Devices market?
- What are the key challenges to market growth?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the Wearable Medical Devices market?
- Key growth pockets on the basis of regions, types, applications, and end-users
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Unique data points of this report
- Statistics on Wearable Medical Devices and spending worldwide
- Recent trends across different regions in terms of adoption of Wearable Medical Devices across industries
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2018 (actual) and 2028 (forecast)
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Artificial Intelligence
Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research
BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.
Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.”
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.
A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
Croatia, one of the first countries to introduce a pure digital nomad visa in early 2021 as a response to the rise in remote workers, has approved 680 applications, while 672 are still pending approval.
Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
While digital nomads typically use visa-free access or visas to stay in countries for a few months at a time before moving on to the next, digital nomad visas provide a sense of comfort and stability that aligns perfectly with their lifestyle, giving them ample time to enjoy the country they are in before moving on to the next.
Unsurprising demand
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
To know more about Savory & Partners, visit www.savoryandpartners.com.
For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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Artificial Intelligence
Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research
The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.
Request Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/5117
Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size in 2022
$838.5 million
Market Size in 2032
$2.4 billion
CAGR
10.9 %
No. of Pages in Report
250
Segments covered
Range, End User, Distribution Channel, and Region
Drivers
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Opportunities
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Restraints
Less adoption in developing markets
Regular maintenance and repair costs
Procure Complete Report (250 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/64e274edbc38210d8eac6958c5995e56
The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
Enquire before buying: https://www.alliedmarketresearch.com/purchase-enquiry/5117
Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Read More Trending “AMR Exclusive Insights:
Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2023-2032Canada Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Mexico Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Europe Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032France Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Germany Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected]: www.alliedmarketresearch.comAllied Market Research Blog:https://blog.alliedmarketresearch.com/consumer-goods
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