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Military Wearable Medical Market

Military Wearable Medical Device Market Size, Share & Segment by Application (Heart Monitor (Heart Rate Variability, Sick Alert), Performance Monitor (Core Body Temperature Monitoring, Sleep-wake Cycle Alert), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/HC/1267 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Military Wearable Medical Device Market Size was valued at USD 19.39 billion in 2021 and is expected to reach USD 46.7 billion by 2028, and grow at a CAGR of 30.1% over the forecast period 2022-2028.

Military Wearable medical device technology is now a more common feature of biomedical devices. Patients with chronic diseases can control and monitor their illnesses thanks to the ease and convenience of the use of new technology, which helps them avoid pain and cardiac arrest. Wearable medical devices are integrating with mobile devices like iOS and Android. Smartphones can be used efficiently and successfully to monitor and diagnose patient outcomes. Military Wearable Medical Device Market is predicted to rise due to improvements in telemedicine and virtual medicine for online healthcare and disease management.

Military Wearable Medical Device Market

Soldiers are trained and work in a difficult environment, therefore the wearable gadget they carry must be light and deliver comprehensive information about their health and productivity. Many market competitors are developing and deploying wearable technologies that can withstand the harshest battlefield conditions. Armed forces can use the gadget to track and monitor each individual's sleep, circadian stability, and all physical activity in order to make required changes for better results based on the data.

MARKET DYNAMICS

 DRIVERS

  • Need for advance technology

  • Increase in R&D investment

  • Need to improve in military performance

RESTRAINTS

  • Defense budget decreases

OPPORTUNITIES

  • Device should helpful to military

  • Light in weight

CHALLENGES

  • Competition between industries

IMPACT OF COVID-19

Military Wearable medical device technologies could monitor, identify, and prevent the transmission of the virus, the COVID-19 pandemic has revolutionised the market for military wearable medical devices. Indirectly, the COVID-19 virus has increased demand for wearable medical devices. According to WHO recommendations, viral infection spreads mostly through the eyes, nose, and mouth, and it is difficult to detect the virus in the early stages of infection. As a result of the new technology, a person can routinely check and monitor their body temperature, oxygen level, heart rate, and physical performance in order to take quick precautions and treatment if any undesirable results are discovered.

BY Application:

In 2021, the heart monitor segment had the highest revenue share since the system detects any questionable changes in an individual's health and allows them to be treated as soon as feasible.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: Samsung, Fitbit, Garmin, Camnteh, Bittium, Zephyr Technology Corporation, Polar Electro, GOQii, Oura, Apple Inc., NeuroMetrix, and other players.

MARKET SEGMENTATION

By Application

  • Heart Monitor

  • Sick Alert

  • Heart Rate Variability

  • Performance Monitor

  • Sleep-wake Cycle Alert

  • Core Body Temperature Monitoring

REGIONAL ANALYSIS

Due to technical improvements and increased R&D spending on military equipment, North America led the market in 2020 and is likely to continue to do so over the forecast period.

Due to increased cardiovascular events in the region and rising healthcare spending, Asia Pacific is predicted to expand at the quickest rate over the projection period.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Military Wearable Medical Device Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 19.39 Billion
Market Size by 2028 US$ 46.7 Billion
CAGR CAGR of 30.1% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Application (Heart Monitor (Heart Rate Variability, Sick Alert), Performance Monitor (Core Body Temperature Monitoring, Sleep-wake Cycle Alert)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Samsung, Fitbit, Garmin, Camnteh, Bittium, Zephyr Technology Corporation, Polar Electro, GOQii, Oura, Apple Inc., NeuroMetrix, and other players.
DRIVERS • Need for advance technology
• Increase in R&D investment
• Need to improve in military performance
RESTRAINTS • Defense budget decreases


Frequently Asked Questions (FAQ) :

The challenges faced by Military Wearable Medical Device is Competition between industries

The application is divided into 2 sub segments is heart monitoring, and performance monitor

Due to technical improvements and increased R&D spending in military equipment, North America led the market in 2020 and is likely to continue to do so over the forecast period.

Military Wearable Medical Device Market is expected to reach USD 46.7 billion by 2028.

key drivers of the Military Wearable Medical Device Market is Need for advance technology, Increase in R&D investment, need to improve in military performance


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis 

 

8. Military Wearable Medical Device Market Segmentation, By Application

8.1 Heart Monitor

8.1.1 Sick Alert

8.1.2 Heart Rate Variability

8.2 Performance Monitor

8.2.1 Sleep-wake Cycle Alert

8.2.2 Core Body Temperature Monitoring

 

9. Regional Analysis

9.1 Introduction

9.2 North America

9.2.1 USA

9.2.2 Canada

9.2.3 Mexico

9.3          Europe

9.3.1 Germany

9.3.2 UK

9.3.3 France

9.3.4 Italy

9.3.5 Spain

9.3.6 The Netherlands

9.3.7 Rest of Europe

9.4          Asia-Pacific

9.4.1 Japan

9.4.2 South Korea

9.4.3 China

9.4.4 India

9.4.5 Australia

9.4.6 Rest of Asia-Pacific

9.5          The Middle East & Africa

9.5.1 Israel

9.5.2 UAE

9.5.3 South Africa

9.5.4 Rest

9.6          Latin America

9.6.1 Brazil

9.6.2 Argentina

9.6.3 Rest of Latin America

 

10. Company Profiles

10.1 Samsung

            10.1.1 Financial

10.1.2 Products/ Services Offered

10.1.3 SWOT Analysis

10.1.4 The SNS view

10.2 Fitbit

10.3 Garmin

10.4 Camnteh

10.5 Bittium

10.6 Zephyr Technology Corporation

10.7 Polar Electro

10.8 GOQii

10.9 Apple Inc.

10.11NeuroMetrix,

 

11. Competitive Landscape

11.1 Competitive Benchmark

11.2 Market Share analysis

11.3 Recent Developments

 

12. Conclusion

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Step 1: Secondary Research:

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Secondary Research

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