TechNavio recognizes the following companies as the key players in the Global Wearable Medical Technology Market: Abbott Laboratories, DexCom Inc., Medtronic Inc., Polar Electro Inc., Zephyr Technology Corp., and ZOLL Medical Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Numerous litigation and intellectual property issues exist among vendors in the Healthcare sector, especially among medical device manufacturers. Thus, wearable medical device vendors are entering into strategic alliances to share their core competencies to develop innovative products. Further, the increasing demand for technologically-advanced products and non-invasive systems has led the vendors to develop new technologies. This is expected to increase the adoption of newer and better systems. For instance, DexCom has entered into an agreement with Animas Corp. to integrate DexCom’s CGM technology with Animas’s insulin pumps. Similar strategic partnerships among vendors can help in fuelling the growth of the Global Wearable Medical Technology market.”
According to the report, the growth of the Global Wearable Medical Technology market is driven by several factors, the most important of which is the technological innovations. Technological innovations and advancements have led to the introduction of new products that are compact, portable, and easy to use.
Further, the report states that one of the key challenges in the market is the instances of product recalls because of manufacturing errors. This has tarnished the brand image of the vendors and had a negative impact on their revenue.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are AiQ Smart Clothing Inc., BodyTel Europe GmbH, Danfoss PolyPower A/S, DexCom Inc., Nuubo, Philips Healthcare, Polar Electro Inc., and Suunto Oy.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-wearable-medical-technology-marke…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Wearable Medical Technology Market 2012-2016
