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Wearable Healthcare Devices Market

Market Insights on Wearable Healthcare Devices covering sales outlook, demand forecast & up-to-date key trends

Wearable Healthcare Devices Market By Product, Application, Device Type, Grade Type, Distribution Channel & Region - Forecast 2022 - 2032

Wearable Healthcare Devices Market Outlook (2022-2032)

[319 Pages Report] The global wearable healthcare devices market size reached US$ 16 Bn in 2021 and is expected to touch a valuation of US$ 30 Bn in 2026. Moreover, the overall demand for wearable healthcare devices is slated to increase at a prolific CAGR of 13% during the forecast period between 2022 and 2032, reaching around US$ 61 Bn by the end of 2032.

Growth is attributed to the rising prevalence of heart related diseases worldwide, booming wearable medical device market across developed and developing regions, and growing consumer awareness about the benefits of monitoring and keeping track of vital signs and parameters.

Data Points

Market Insights

Wearable Healthcare Devices Market Value 2021

USD 16 Bn

Wearable Healthcare Devices Market Value 2026

USD 30 Bn

Wearable Healthcare Devices Market Projected Value 2032

USD 61 Bn

Wearable Healthcare Devices Market Forecast CAGR (2022-2032)

 13%

Key Players

Medtronic PLC, Koninklijke Philips N.V, GE Healthcare, Fitbit Inc, OMRON Corporation, Abbott Laboratories, Garmin Ltd., Dexcom Inc., and Masimo Corporation.  

Over the years, advancement in medical technology has paved way for the development of innovative wearable healthcare devices that play a crucial role in the monitoring of vital body signs and parameters like temperature, heart rate, blood pressure, etc.

Growing adoption of these wearable healthcare devices by common people, fitness enthusiasts, and healthcare professionals to monitor and track vital parameters is providing a huge thrust to the growth of wearable healthcare devices market and the trend is likely to escalate during the forecast period.

Rising prevalence of heart attacks, strokes, and several other cardiovascular diseases has prompted people to prioritize preventive healthcare. As a result, they are spending large amounts on purchasing smart wearable healthcare devices. This will continue to boost the growth of markets like wearable healthcare devices market and wearable medical devices market during the coming years.

Similarly, expansion of telehealth software market and advancements in healthcare interoperability solutions are favoring the growth of wearable healthcare devices market.

Healthcare devices market is especially blooming across developed and developing regions like the United States, China, India, Germany, and the United Kingdom due to growing popularity of wearable devices healthcare technologies, increasing healthcare spending and growing adoption of smart wearable healthcare devices.

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2015-2021 Wearable Healthcare Devices Market Outlook Compared To 2022-2032 Growth Forecast

As per Future Market Insights, global sales of wearable healthcare devices are projected to grow at a stupendous CAGR of 13% during the forecast period between 2022 and 2032. Rising prevalence of chronic diseases, advancements in wearable medical devices, growing health awareness among people, and rising need for keeping track of vital parameters of patients are some of the major factors expected to drive growth in the global healthcare devices market during the assessment period.

Wearable healthcare devices are innovative products that measure, detect and keep track of essential body parameters like temperature, saturation level, blood pressure etc. They help people monitor their health 24/7 and get a proper assessment of their health condition.

Rising concerns regarding the high mortality rate of cardiovascular diseases such as diabetes, obesity, heart attacks and stroke is expected to push the demand for wearable medical devices during the forecast period, thereby favoring the wearable healthcare devices market growth. According to the World Health Organization, nearly 17.9 million people died from CVDs in 2019, out of which 85% deaths were due to heart attack and stroke.

Similarly, the outbreak of Covid-19 brought wearable healthcare devices market into the limelight. Sales of wearable medical devices like pulse oximeters, BP monitors, smartwatches etc. rose at an incredible pace during the pandemic as they helped people to monitor their health at home.

In addition, advances in sensors and artificial intelligence (AI) are helping wearable healthcare device manufacturers to develop smart and compact devices that can easily detect and manage chronic health conditions and avoid serious illness among people.

Latest healthcare wearable devices statistics indicate the global healthcare devices market to expand by 3.8X through 2032.

Which Factors are Challenging the Growth of Wearable Healthcare Devices Market?

Some of the major factors restraining the growth of wearable healthcare device market are the high cost of advanced products, lack of availability of these devices in low economies, and presence of strict regulations.

Country-Wise Insights

Why is Wearable Healthcare Devices Flourishing Across the U.S.?

"Demand for Products like Smartwatches, Pulse Reader, Blood Monitoring Straps and Devices Remain High Across the U.S. Amid Sharp Rise in Diabetes, Obesity and Other Heart Related Diseases”

As per FMI’s global market study on healthcare devices, the U.S. will continue to remain at the epicenter of wearable healthcare devices market growth during the forecast period, owing to the advancements in wearable devices healthcare technologies, increasing prevalence of chronic diseases, emergence of new wearable healthcare devices market trends, presence of leading medical device manufacturers and growing demand for wearable medical devices like smart oximeters, smartwatches, etc.

The sharp rise in cardiovascular diseases across the United States is emerging as a key factor for encouraging the adoption of wearable healthcare devices. According to the Centers for Disease Control and Prevention (CDC), one person dies every 36 seconds from cardiovascular disease in the United States.

What is the Growth Projection for the China Wearable Healthcare Devices Market?

Emerging wearable healthcare devices market trends reveal that sales of wearable healthcare devices across China are projected to grow at a robust CAGR during the forecast period between 2022 and 2032.

Growth in the market is driven by increasing penetration of smartphones and internet, growing popularity of health tracking smart devices, availability of advanced wearable medical devices at much lower costs and growing consumer inclination towards monitoring vital signs as well as keeping track of their vital parameters.

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Segment-Wise Insights

Which is the Leading Product in Wearable Healthcare Devices Market?

“Trackers Segment to Account for Majority of Revenue Share Through 2032”

Based on product, the global wearable healthcare devices market has been segmented into trackers, smartwatches, patches, and smart clothing. Among these, the trackers segment holds the largest share of the global wearable healthcare device market in 2021 and the trend is likely to continue during the forecast period, owing to the rising need for continuous monitoring and recording of essential parameters like heart rate, daily burned calories, distance traveled etc.

Similarly, expansion of personal medical devices market and rising adoption of trackers by fitness enthusiasts will support the growth of this segment during the forecast period.

What is the Most Lucrative Application for Wearable Healthcare Devices?

“General Health and Fitness to Remain the Most Lucrative Application for Wearable Healthcare Devices”

As per FMI, the home healthcare segment dominated the wearable healthcare devices market in 2020, accounting for 53.5% of total revenue, owing to the rising geriatric population and growing desire to reduce healthcare costs.

However, general health and fitness segment is likely to grow at a relatively faster CAGR over the forecast period. Factors such as increasing personal health tracking, redefining fitness goals, and growing awareness about health risks are triggering the growth of this segment.

Similarly, rising penetration of smart fitness market across developed and developing regions will support the growth of this segment during the forthcoming period.

Which is the Top Selling Wearable Healthcare Device in the Market?

“Diagnostic and Monitoring Devices to Remain Highly Sought-After Wearable Healthcare Products”

Based on device type, wearable healthcare devices market is segmented into diagnostic and monitoring devices, vital sign monitoring devices, ECG/heart rate monitors, blood pressure monitors, wrist actigraphs, polysomnography devices, and traditional diagnostic tests.

Latest healthcare wearable device statistics reveal that sales of diagnostic and monitoring devices are expected to grow at a substantial pace during the forecast. Growing healthcare awareness among people, rising need for continuous monitoring to detect diseases at early stages, and advancements in diagnostic and monitoring devices are augmenting growth of the segment.

Based on Grade Type, Which Segment Dominates the Wearable Healthcare Devices Market?

“Consumer-Grade Wearable Healthcare Devices to Remain High in Demand”

In terms of grade type, wearable healthcare market is segmented into consumer-grade wearable healthcare devices and clinical-grade wearable healthcare devices. The wearable healthcare devices market report reveals that consumer-grade wearable healthcare devices segment is likely to continue dominating the global wearable healthcare devices market during the forecast period.

This is attributable to the rising healthcare awareness among people, changing lifestyles, growing adoption of wearable devices like smart pulse oximeters, wrist blood pressure monitors, etc. by common people, and rapid growth of home healthcare market.

What Distribution Channel Remains Most Preferred by End Users?

“Pharmacies Remain the Most Preferred Distribution Channel”

Based on distribution channel, the pharmacies segment holds the largest share of wearable healthcare devices market and is likely to lead the market during the forecast period. Rise in the number of pharmacies worldwide, increasing prevalence of chronic diseases and various advantages of pharmacies like convenience are spurring the growth of this segment.

Competitive Landscape

Leading wearable healthcare devices manufacturers are constantly focusing on developing novel products with additional features. They are integrating cutting edge wearable health technologies that provide accurate information about vital parameters like pulse rate, temperature, and blood pressure.

Besides this, they have adopted strategies such as partnerships, acquisitions, collaborations, new product launches and approvals, establishment of new manufacturing facilities, and move towards online shopping platforms to gain a competitive edge in the global wearable healthcare devices market and expand their global footprint.

For instance:

  • In March 2022, BioIntelliSense, Inc., a continuous health monitoring and clinical intelligence company, launched its new medical grade BioButton Rechargeable wearable device, which allows for continuous multi-parameter monitoring of over 20+ vital signs and physiologic biometrics for up to 30 days on a single charge.
  • In JULY 2020 Philips collaborated with BioIntelliSense Inc., to enhance remote patient monitoring for at-risk patients from the hospital into the home.
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Scope Of The Report

Future Market Insights latest report on wearable healthcare devices market provides compelling insights into key market governing factors like growth drivers, emerging opportunities, and current wearable healthcare device market trends. It examines how advancement in medical technology is paving the way for development of compact and multipurpose wearable healthcare devices.

The report discusses in detail how a rapid surge in heart related diseases is pushing the demand for wearable healthcare devices. Besides this, it provides answers to queries like how will increase in awareness about fitness create sales prospects for wearable medical devices? Why is the U.S. becoming a hub of wearable healthcare devices? And Which factors are spurring sales of wearable healthcare devices across emerging economies?

FMI also attempts to highlight the influence of booming remote patient monitoring devices industry on wearable healthcare devices sales. It provides relevant data about emerging wearable healthcare devices market trends.

A certain number of chapters have been dedicated to analyzing leading market segments and their respective shares. To make the study easy and more interesting, the report has been interspersed with relevant statistics and graphs.

The Wearable Healthcare Devices Market Analysis Includes:

  • A 10-year realistic sales forecast of wearable healthcare devices across multiple end use verticals
  • Key insights into various wearable healthcare products, their function, and popularity among end users
  • Top wearable healthcare device manufacturers along with their strategies to penetrate attractive markets
  • Information about recent developments in wearable healthcare devices and emerging wearable healthcare devices market trends
  • Interrelationship between wearable medical devices market and wearable healthcare devices market
  • Key market shaping factors including drivers, restraints, and emerging opportunities
  • Systematic analysis of leading segments and regional pockets
  • The winning imperatives in wearable healthcare devices market

Attribute

Details

Forecast Period

2022-2032

Historic Data Available for

2015-2021

Market Analysis

USD Million for Value

Report Coverage

Market forecast, company share analysis, competition intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives

Key Segments Covered

  • Product
  • Application
  • Device Type
  • Grade Type
  • Distribution Channel
  • Region

Key regions covered

North America

  • US
  • Canada
  • Rest of North America

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America

Western Europe

  • Germany
  • U.K.
  • France
  • Rest of Western Europe

Eastern Europe

  • Russia
  • Spain
  • Rest of Eastern Europe

South Asia Pacific

  • China
  • India
  • Japan
  • Malaysia
  • Thailand
  • Indonesia
  • South Korea
  • Rest of South Asia & Pacific

Middle East & Africa

  • GCC Countries
  • Turkey
  • Israel
  • Rest of MEA

Rest of the World

  • Oceania
  • Africa
  • South America

Consumer Grade

  • Consumer-grade Wearable Healthcare Devices
  • Clinical-grade Wearable Healthcare Devices

Key companies profiled

Medtronic PLC, Koninklijke Philips N.V, GE Healthcare, Fitbit Inc, OMRON Corporation, Abbott Laboratories, Garmin Ltd., Dexcom Inc., and Masimo Corporation.

Customization & pricing

Available upon request

Key Segments

By Product:

  • Trackers
  • Smartwatches
  • Pathes
  • Smart Clothing

By Application:

  • General Health and Fitness
  • Remote Patient Monitoring
  • Home Healthcare

By Device Type:

  • Diagnostic and Monitoring Devices
  • Vital Sign Monitoring Devices
  • ECG/Heart Rate Monitors
  • Blood Pressure Monitors
  • Wrist Actigraphs
  • Polysomnography Devices
  • Traditional Diagnostic Tests

By Grade Type:

  • Consumer-grade Wearable Healthcare Devices
  • Clinical-grade Wearable Healthcare Devices

By Distribution Channel:

  • Pharmacies
  • Online Channel
  • Hypermarkets

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East & Africa
  • Europe

Frequently Asked Questions

The global wearable healthcare devices market was estimated to be worth US$ 16 Bn in 2021,

As per FMI, the global wearable healthcare devices market is projected to grow at 13% CAGR during the forecast period, reaching around US$ 61 Bn by 2032.

Growing demand for round-the-clock monitoring, increasing awareness of fitness, and the advent of technologically advanced products are some of the key trends shaping market growth.

North America will continue to remain the most lucrative market for wearable healthcare devices throughout the forecast period.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook 

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. FMI Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy 

    2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment 

    3.1. Risk Assessment 

        3.1.1. COVID-19 Crisis and Impact on Demand

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis 

        3.1.3. Impact on Market Value (US$ Mn)

        3.1.4. Assessment by Key Countries

        3.1.5. Assessment by Key Market Segments

        3.1.6. Action Points and Recommendation for Suppliers

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Product Development Trends

4. Market Background 

    4.1. Market, by Key Countries

    4.2. Market Opportunity Assessment (US$ Mn)

        4.2.1. Total Available Market

        4.2.2. Serviceable Addressable Market

        4.2.3. Serviceable Obtainable Market

    4.3. Market Scenario Forecast 

        4.3.1. Demand in optimistic Scenario

        4.3.2. Demand in Likely Scenario

        4.3.3. Demand in Conservative Scenario 

    4.4. Investment Feasibility Analysis

        4.4.1. Investment in Established Markets

            4.4.1.1. In Short Term

            4.4.1.2. In Long Term

        4.4.2. Investment in Emerging Markets

            4.4.2.1. In Short Term

            4.4.2.2. In Long Term

    4.5. Forecast Factors - Relevance & Impact

        4.5.1. Top Companies Historical Growth

        4.5.2. Growth in Automation, By Country

        4.5.3. Adoption Rate, By Country

    4.6. Market Dynamics

        4.6.1. Market Driving Factors and Impact Assessment

        4.6.2. Prominent Market Challenges and Impact Assessment

        4.6.3. Market Opportunities

        4.6.4. Prominent Trends in the Global Market & Their Impact Assessment

5. Key Success Factors 

    5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

    5.2. Banking on with Segments High Incremental Opportunity

    5.3. Peer Benchmarking 

6. Global Market Demand Analysis 2015-2021 and Forecast, 2022-2032

    6.1. Historical Market Analysis, 2015-2021

    6.2. Current and Future Market Projections, 2022-2032

    6.3. Y-o-Y Growth Trend Analysis

7. Global Market Value Analysis 2015-2021 and Forecast, 2022-2032

    7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021

    7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Product

    8.1. Introduction / Key Findings

    8.2. Historical Market Value (US$ Mn) and Analysis By Product, 2015-2021

    8.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Product, 2022-2032

        8.3.1. Trackers

        8.3.2. Smartwatches

        8.3.3. Pathes

        8.3.4. Smart Clothing

    8.4. Market Attractiveness Analysis By Product

9. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Application

    9.1. Introduction / Key Findings

    9.2. Historical Market Value (US$ Mn) and Analysis By Application, 2015-2021

    9.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Application, 2022-2032

        9.3.1. General Health and Fitness

        9.3.2. Remote Patient Monitoring

        9.3.3. Home Healthcare

    9.4. Market Attractiveness Analysis By Application

10. Global Market Analysis 2015-2021 and Forecast 2022-2032,By Device Type

    10.1. Introduction / Key Findings

    10.2. Historical Market Value (US$ Mn) and AnalysisBy Device Type, 2015-2021

    10.3. Current and Future Market Value (US$ Mn) and Analysis and ForecastBy Device Type, 2022-2032

        10.3.1. Diagnostic and Monitoring Devices

            10.3.1.1. Vital Sign Monitoring Devices

        10.3.2. Vital Sign Monitoring Devices

        10.3.3. ECG\Heart Rate Monitors

        10.3.4. Blood Pressure Monitors

            10.3.4.1. Pulse Oximeters

            10.3.4.2. Glucose Monitoring Devices

        10.3.5. Wrist Actigraphs

        10.3.6. Polysomnography Devices

            10.3.6.1. Sleep Monitoring Devices

            10.3.6.2. Fetal monitoring and Obstetric Devices

            10.3.6.3. Neuromonitoring Devices

            10.3.6.4. Other Diagnostic and Monitoring Devices

        10.3.7. Traditional Diagnostic Tests

            10.3.7.1. Pain Management Devices

            10.3.7.2. Rehabilitation Devices

            10.3.7.3. Respiratory Therapy Devices

            10.3.7.4. Insulin Pumps

    10.4. Market Attractiveness AnalysisBy Device Type

11. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Grade Type

    11.1. Introduction / Key Findings

    11.2. Historical Market Value (US$ Mn) and Analysis By Grade Type, 2015-2021

    11.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Grade Type, 2022-2032

        11.3.1. Consumer-Grade Wearable Healthcare Devices

        11.3.2. Clinical-Grade Wearable Healthcare Devices

    11.4. Market Attractiveness Analysis By Grade Type

12. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Distribution Channel

    12.1. Introduction / Key Findings

    12.2. Historical Market Value (US$ Mn) and Analysis By Distribution Channel, 2015-2021

    12.3. Current and Future Market Value (US$ Mn) and Analysis and Forecast By Distribution Channel, 2022-2032

        12.3.1. Pharmacies

        12.3.2. Online Channel

        12.3.3. Hypermarkets

    12.4. Market Attractiveness Analysis By Distribution Channel

13. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Region

    13.1. Introduction

    13.2. Historical Market Value (US$ Mn) and Analysis By Region, 2015-2021

    13.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032

        13.3.1. North America

        13.3.2. Latin America

        13.3.3. Europe

        13.3.4. Asia Pacific 

        13.3.5. Middle East and Africa (MEA)

    13.4. Market Attractiveness Analysis By Region

14. North America Market Analysis 2015-2021 and Forecast 2022-2032

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021

    14.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        14.4.1. By Country

            14.4.1.1. U.S.

            14.4.1.2. Canada

            14.4.1.3. Rest of North America

        14.4.2. By Device Type

        14.4.3. By Product

        14.4.4. By Application

        14.4.5. By Grade Type

        14.4.6. By Distribution Channel

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Device Type

        14.5.3. By Product

        14.5.4. By Application

        14.5.5. By Grade Type

        14.5.6. By Distribution Channel

15. Latin America Market Analysis 2015-2021 and Forecast 2022-2032

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021

    15.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        15.4.1. By Country

            15.4.1.1. Brazil

            15.4.1.2. Mexico

            15.4.1.3. Rest of Latin America

        15.4.2. By Device Type

        15.4.3. By Product

        15.4.4. By Application

        15.4.5. By Grade Type

        15.4.6. By Distribution Channel

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Device Type

        15.5.3. By Product

        15.5.4. By Application

        15.5.5. By Grade Type

        15.5.6. By Distribution Channel

16. Europe Market Analysis 2015-2021 and Forecast 2022-2032

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021

    16.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        16.4.1. By Country

            16.4.1.1. Germany

            16.4.1.2. France

            16.4.1.3. U.K.

            16.4.1.4. Italy

            16.4.1.5. Russia

            16.4.1.6. Rest of Europe

        16.4.2. By Device Type

        16.4.3. By Product

        16.4.4. By Application

        16.4.5. By Grade Type

        16.4.6. By Distribution Channel

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Device Type

        16.5.3. By Product

        16.5.4. By Application

        16.5.5. By Grade Type

        16.5.6. By Distribution Channel

17. Asia Pacific Market Analysis 2015-2021 and Forecast 2022-2032

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021

    17.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        17.4.1. By Country

            17.4.1.1. China

            17.4.1.2. Japan

            17.4.1.3. South Korea

            17.4.1.4. Rest of Asia Pacific

        17.4.2. By Device Type

        17.4.3. By Product

        17.4.4. By Application

        17.4.5. By Grade Type

        17.4.6. By Distribution Channel

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Device Type

        17.5.3. By Product

        17.5.4. By Application

        17.5.5. By Grade Type

        17.5.6. By Distribution Channel

18. Middle East and Africa Market Analysis 2015-2021 and Forecast 2022-2032

    18.1. Introduction

    18.2. Pricing Analysis

    18.3. Historical Market Value (US$ Mn) and Trend Analysis By Market Taxonomy, 2015-2021

    18.4. Market Value (US$ Mn) & Forecast By Market Taxonomy, 2022-2032

        18.4.1. By Country

            18.4.1.1. GCC Countries

            18.4.1.2. South Africa

            18.4.1.3. Turkey

            18.4.1.4. Rest of Middle East and Africa

        18.4.2. By Device Type

        18.4.3. By Product

        18.4.4. By Application

        18.4.5. By Grade Type

        18.4.6. By Distribution Channel

    18.5. Market Attractiveness Analysis

        18.5.1. By Country

        18.5.2. By Device Type

        18.5.3. By Product

        18.5.4. By Application

        18.5.5. By Grade Type

        18.5.6. By Distribution Channel

19. Key Countries Market Analysis 2015-2021 and Forecast 2022-2032

    19.1. Introduction

        19.1.1. Market Value Proportion Analysis, By Key Countries

        19.1.2. Global Vs. Country Growth Comparison

    19.2. US Market Analysis

        19.2.1. Value Proportion Analysis by Market Taxonomy

        19.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.2.2.1. By Device Type

            19.2.2.2. By Product

            19.2.2.3. By Application

            19.2.2.4. By Grade Type

            19.2.2.5. By Distribution Channel

    19.3. Canada Market Analysis

        19.3.1. Value Proportion Analysis by Market Taxonomy

        19.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.3.2.1. By Device Type

            19.3.2.2. By Product

            19.3.2.3. By Application

            19.3.2.4. By Grade Type

            19.3.2.5. By Distribution Channel

    19.4. Mexico Market Analysis

        19.4.1. Value Proportion Analysis by Market Taxonomy

        19.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.4.2.1. By Device Type

            19.4.2.2. By Product

            19.4.2.3. By Application

            19.4.2.4. By Grade Type

            19.4.2.5. By Distribution Channel

    19.5. Brazil Market Analysis

        19.5.1. Value Proportion Analysis by Market Taxonomy

        19.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.5.2.1. By Device Type

            19.5.2.2. By Product

            19.5.2.3. By Application

            19.5.2.4. By Grade Type

            19.5.2.5. By Distribution Channel

    19.6. Germany Market Analysis

        19.6.1. Value Proportion Analysis by Market Taxonomy

        19.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.6.2.1. By Device Type

            19.6.2.2. By Product

            19.6.2.3. By Application

            19.6.2.4. By Grade Type

            19.6.2.5. By Distribution Channel

    19.7. France Market Analysis

        19.7.1. Value Proportion Analysis by Market Taxonomy

        19.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.7.2.1. By Device Type

            19.7.2.2. By Product

            19.7.2.3. By Application

            19.7.2.4. By Grade Type

            19.7.2.5. By Distribution Channel

    19.8. Italy Market Analysis

        19.8.1. Value Proportion Analysis by Market Taxonomy

        19.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.8.2.1. By Device Type

            19.8.2.2. By Product

            19.8.2.3. By Application

            19.8.2.4. By Grade Type

            19.8.2.5. By Distribution Channel

    19.9. Russia Market Analysis

        19.9.1. Value Proportion Analysis by Market Taxonomy

        19.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.9.2.1. By Device Type

            19.9.2.2. By Product

            19.9.2.3. By Application

            19.9.2.4. By Grade Type

            19.9.2.5. By Distribution Channel

    19.10. UK Market Analysis

        19.10.1. Value Proportion Analysis by Market Taxonomy

        19.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.10.2.1. By Device Type

            19.10.2.2. By Product

            19.10.2.3. By Application

            19.10.2.4. By Grade Type

            19.10.2.5. By Distribution Channel

    19.11. China Market Analysis

        19.11.1. Value Proportion Analysis by Market Taxonomy

        19.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.11.2.1. By Device Type

            19.11.2.2. By Product

            19.11.2.3. By Application

            19.11.2.4. By Grade Type

            19.11.2.5. By Distribution Channel

    19.12. Japan Market Analysis

        19.12.1. Value Proportion Analysis by Market Taxonomy

        19.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.12.2.1. By Device Type

            19.12.2.2. By Product

            19.12.2.3. By Application

            19.12.2.4. By Grade Type

            19.12.2.5. By Distribution Channel

    19.13. South Korea Market Analysis

        19.13.1. Value Proportion Analysis by Market Taxonomy

        19.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.13.2.1. By Device Type

            19.13.2.2. By Product

            19.13.2.3. By Application

            19.13.2.4. By Grade Type

            19.13.2.5. By Distribution Channel

    19.14. GCC Countries Market Analysis

        19.14.1. Value Proportion Analysis by Market Taxonomy

        19.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.14.2.1. By Device Type

            19.14.2.2. By Product

            19.14.2.3. By Application

            19.14.2.4. By Grade Type

            19.14.2.5. By Distribution Channel

    19.15. South Africa Market Analysis

        19.15.1. Value Proportion Analysis by Market Taxonomy

        19.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.15.2.1. By Device Type

            19.15.2.2. By Product

            19.15.2.3. By Application

            19.15.2.4. By Grade Type

            19.15.2.5. By Distribution Channel

    19.16. Turkey Market Analysis

        19.16.1. Value Proportion Analysis by Market Taxonomy

        19.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015-2032

            19.16.2.1. By Device Type

            19.16.2.2. By Product

            19.16.2.3. By Application

            19.16.2.4. By Grade Type

            19.16.2.5. By Distribution Channel

        19.16.3. Competition Landscape and Player Concentration in the Country

20. Market Structure Analysis

    20.1. Market Analysis by Tier of Companies 

    20.2. Market Concentration

    20.3. Market Share Analysis of Top Players

    20.4. Market Presence Analysis

        20.4.1. By Regional footprint of Players

        20.4.2. Product footprint by Players

21. Competition Analysis

    21.1. Competition Dashboard

    21.2. Competition Benchmarking

    21.3. Competition Deep Dive 

        21.3.1. Apple Inc. (US)

            21.3.1.1. Overview

            21.3.1.2. Product Portfolio

            21.3.1.3. Sales Footprint

            21.3.1.4. Strategy Overview

        21.3.2. Koninklijke Philips N.V. (Netherlands)

            21.3.2.1. Overview

            21.3.2.2. Product Portfolio

            21.3.2.3. Sales Footprint

            21.3.2.4. Strategy Overview

        21.3.3. Fitbit Inc. (US)

            21.3.3.1. Overview

            21.3.3.2. Product Portfolio

            21.3.3.3. Sales Footprint

            21.3.3.4. Strategy Overview

        21.3.4. OMRON Corporation (Japan)

            21.3.4.1. Overview

            21.3.4.2. Product Portfolio

            21.3.4.3. Sales Footprint

            21.3.4.4. Strategy Overview

        21.3.5. Medtronic PLC (Ireland)

            21.3.5.1. Overview

            21.3.5.2. Product Portfolio

            21.3.5.3. Sales Footprint

            21.3.5.4. Strategy Overview

        21.3.6. GE Healthcare (US)

            21.3.6.1. Overview

            21.3.6.2. Product Portfolio

            21.3.6.3. Sales Footprint

            21.3.6.4. Strategy Overview

        21.3.7. Abbott Laboratories (US)

            21.3.7.1. Overview

            21.3.7.2. Product Portfolio

            21.3.7.3. Sales Footprint

            21.3.7.4. Strategy Overview

        21.3.8. Garmin Ltd. (US)

            21.3.8.1. Overview

            21.3.8.2. Product Portfolio

            21.3.8.3. Sales Footprint

            21.3.8.4. Strategy Overview

        21.3.9. Dexcom Inc. (US)

            21.3.9.1. Overview

            21.3.9.2. Product Portfolio

            21.3.9.3. Sales Footprint

            21.3.9.4. Strategy Overview

        21.3.10. Masimo Corporation (US)

            21.3.10.1. Overview

            21.3.10.2. Product Portfolio

            21.3.10.3. Sales Footprint

            21.3.10.4. Strategy Overview

22. Assumptions and Acronyms Used

23. Research Methodology

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List of Tables

Table 1: Global Market Value (US$ Mn),By Device Type, 2015 – 2021

Table 2: Global Market Value (US$ Mn),By Device Type, 2022 – 2032

Table 3: Global Market Value (US$ Mn), By Product, 2015 – 2021

Table 4: Global Market Value (US$ Mn), By Product, 2022 – 2032

Table 5: Global Market Value (US$ Mn), By Application, 2015 – 2021

Table 6: Global Market Value (US$ Mn), By Application, 2022 – 2032

Table 7: Global Market Value (US$ Mn), By Distribution Channel, 2015 – 2021

Table 8: Global Market Value (US$ Mn), By Distribution Channel, 2022 – 2032

Table 9: Global Market Value (US$ Mn), By Grade Type, 2015 – 2021

Table 10: Global Market Value (US$ Mn), By Grade Type, 2022 – 2032

Table 11: Global Market, By Region, 2015 – 2021

Table 12: Global Market, By Region, 2022 – 2032

Table 13: North America Market Value (US$ Mn),By Device Type, 2015 – 2021

Table 14: North America Market Value (US$ Mn),By Device Type, 2022 – 2032

Table 15: North America Market Value (US$ Mn), By Product, 2015 – 2021

Table 16: North America Market Value (US$ Mn), By Product, 2022 – 2032

Table 17: North America Market Value (US$ Mn), By Application, 2015 – 2021

Table 18: North America Market Value (US$ Mn), By Application, 2022 – 2032

Table 19: North America Market Value (US$ Mn), By Distribution Channel, 2015 – 2021

Table 20: North America Market Value (US$ Mn), By Distribution Channel, 2022 – 2032

Table 21: North America Market Value (US$ Mn), By Grade Type, 2015 – 2021

Table 22: North America Market Value (US$ Mn), By Grade Type, 2022 – 2032

Table 23: North America Market, By Country, 2015 – 2021

Table 24: North America Market, By Country, 2022 – 2032

Table 25: Latin America Market Value (US$ Mn),By Device Type, 2015 – 2021

Table 26: Latin America Market Value (US$ Mn),By Device Type, 2022 – 2032

Table 27: Latin America Market Value (US$ Mn), By Product, 2015 – 2021

Table 28: Latin America Market Value (US$ Mn), By Product, 2022 – 2032

Table 29: Latin America Market Value (US$ Mn), By Application, 2015 – 2021

Table 30: Latin America Market Value (US$ Mn), By Application, 2022 – 2032

Table 31: Latin America Market Value (US$ Mn), By Distribution Channel, 2015 – 2021

Table 32: Latin America Market Value (US$ Mn), By Distribution Channel, 2022 – 2032

Table 33: Latin America Market Value (US$ Mn), By Grade Type, 2015 – 2021

Table 34: Latin America Market Value (US$ Mn), By Grade Type, 2022 – 2032

Table 35: Latin America Market, By Country, 2015 – 2021

Table 36: Latin America Market, By Country, 2022 – 2032

Table 37: Europe Market Value (US$ Mn),By Device Type, 2015 – 2021

Table 38: Europe Market Value (US$ Mn),By Device Type, 2022 – 2032

Table 39: Europe Market Value (US$ Mn), By Product, 2015 – 2021

Table 40: Europe Market Value (US$ Mn), By Product, 2022 – 2032

Table 41: Europe Market Value (US$ Mn), By Application, 2015 – 2021

Table 42: Europe Market Value (US$ Mn), By Application, 2022 – 2032

Table 43: Europe Market Value (US$ Mn), By Distribution Channel, 2015 – 2021

Table 44: Europe Market Value (US$ Mn), By Distribution Channel, 2022 – 2032

Table 45: Europe Market Value (US$ Mn), By Grade Type, 2015 – 2021

Table 46: Europe Market Value (US$ Mn), By Grade Type, 2022 – 2032

Table 47: Europe Market, By Country, 2015 – 2021

Table 48: Europe Market, By Country, 2022 – 2032

Table 49: Asia Pacific Market Value (US$ Mn),By Device Type, 2015 – 2021

Table 50: Asia Pacific Market Value (US$ Mn),By Device Type, 2022 – 2032

Table 51: Asia Pacific Market Value (US$ Mn), By Product, 2015 – 2021

Table 52: Asia Pacific Market Value (US$ Mn), By Product, 2022 – 2032

Table 53: Asia Pacific Market Value (US$ Mn), By Application, 2015 – 2021

Table 54: Asia Pacific Market Value (US$ Mn), By Application, 2022 – 2032

Table 55: Asia Pacific Market Value (US$ Mn), By Distribution Channel, 2015 – 2021

Table 56: Asia Pacific Market Value (US$ Mn), By Distribution Channel, 2022 – 2032

Table 57: Asia Pacific Market Value (US$ Mn), By Grade Type, 2015 – 2021

Table 58: Asia Pacific Market Value (US$ Mn), By Grade Type, 2022 – 2032

Table 59: Asia Pacific Market, By Country, 2015 – 2021

Table 60: Asia Pacific Market, By Country, 2022 – 2032

Table 61: MEA Market Value (US$ Mn),By Device Type, 2015 – 2021

Table 62: MEA Market Value (US$ Mn),By Device Type, 2022 – 2032

Table 63: MEA Market Value (US$ Mn), By Product, 2015 – 2021

Table 64: MEA Market Value (US$ Mn), By Product, 2022 – 2032

Table 65: MEA Market Value (US$ Mn), By Application, 2015 – 2021

Table 66: MEA Market Value (US$ Mn), By Application, 2022 – 2032

Table 67: MEA Market Value (US$ Mn), By Distribution Channel, 2015 – 2021

Table 68: MEA Market Value (US$ Mn), By Distribution Channel, 2022 – 2032

Table 69: MEA Market Value (US$ Mn), By Grade Type, 2015 – 2021

Table 70: MEA Market Value (US$ Mn), By Grade Type, 2022 – 2032

Table 71: MEA Market, By Country, 2015 – 2021

Table 72: MEA Market, By Country, 2022 – 2032

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Principal Consultant
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List of Charts

Figure 1: Global Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 2: Global Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 3: Global Market Share,By Device Type, 2022 & 2032

Figure 4: Global Market Y-o-Y Growth Projections,By Device Type – 2022-2032

Figure 5: Global Market Attractiveness Index,By Device Type – 2022-2032

Figure 6: Global Market Share, By Product, 2022 & 2032

Figure 7: Global Market Y-o-Y Growth Projections, By Product – 2022-2032

Figure 8: Global Market Attractiveness Index, By Product – 2022-2032

Figure 9: Global Market Share, By Distribution Channel, 2022 & 2032

Figure 10: Global Market Y-o-Y Growth Projections, By Distribution Channel – 2022-2032

Figure 11: Global Market Attractiveness Index, By Distribution Channel – 2022-2032

Figure 12: Global Market Share, By Application, 2022 & 2032

Figure 13: Global Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 14: Global Market Attractiveness Index, By Application – 2022-2032

Figure 15: Global Market Share, By Grade Type, 2022 & 2032

Figure 16: Global Market Y-o-Y Growth Projections, By Grade Type – 2022-2032

Figure 17: Global Market Attractiveness Index, By Grade Type – 2022-2032

Figure 18: Global Market Share, By Region, 2022 & 2032

Figure 19: Global Market Y-o-Y Growth Projections, By Region – 2022-2032

Figure 20: Global Market Attractiveness Index, By Region – 2022-2032

Figure 21: North America Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 22: North America Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 23: North America Market Share,By Device Type, 2022 & 2032

Figure 24: North America Market Y-o-Y Growth Projections,By Device Type – 2022-2032

Figure 25: North America Market Attractiveness Index,By Device Type – 2022-2032

Figure 26: North America Market Share, By Product, 2022 & 2032

Figure 27: North America Market Y-o-Y Growth Projections, By Product – 2022-2032

Figure 28: North America Market Attractiveness Index, By Product – 2022-2032

Figure 29: North America Market Share, By Distribution Channel, 2022 & 2032

Figure 30: North America Market Y-o-Y Growth Projections, By Distribution Channel – 2022-2032

Figure 31: North America Market Attractiveness Index, By Distribution Channel – 2022-2032

Figure 32: North America Market Share, By Application, 2022 & 2032

Figure 33: North America Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 34: North America Market Attractiveness Index, By Application – 2022-2032

Figure 35: North America Market Share, By Grade Type, 2022 & 2032

Figure 36: North America Market Y-o-Y Growth Projections, By Grade Type – 2022-2032

Figure 37: North America Market Attractiveness Index, By Grade Type – 2022-2032

Figure 38: North America Market Share, By Country, 2022 & 2032

Figure 39: North America Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 40: North America Market Attractiveness Index, By Country – 2022-2032

Figure 41: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 42: Latin America Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 43: Latin America Market Share,By Device Type, 2022 & 2032

Figure 44: Latin America Market Y-o-Y Growth Projections,By Device Type – 2022-2032

Figure 45: Latin America Market Attractiveness Index,By Device Type – 2022-2032

Figure 46: Latin America Market Share, By Product, 2022 & 2032

Figure 47: Latin America Market Y-o-Y Growth Projections, By Product – 2022-2032

Figure 48: Latin America Market Attractiveness Index, By Product – 2022-2032

Figure 49: Latin America Market Share, By Distribution Channel, 2022 & 2032

Figure 50: Latin America Market Y-o-Y Growth Projections, By Distribution Channel – 2022-2032

Figure 51: Latin America Market Attractiveness Index, By Distribution Channel – 2022-2032

Figure 52: Latin America Market Share, By Application, 2022 & 2032

Figure 53: Latin America Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 54: Latin America Market Attractiveness Index, By Application – 2022-2032

Figure 55: Latin America Market Share, By Grade Type, 2022 & 2032

Figure 56: Latin America Market Y-o-Y Growth Projections, By Grade Type – 2022-2032

Figure 57: Latin America Market Attractiveness Index, By Grade Type – 2022-2032

Figure 58: Latin America Market Share, By Country, 2022 & 2032

Figure 59: Latin America Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 60: Latin America Market Attractiveness Index, By Country – 2022-2032

Figure 61: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 62: Europe Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 63: Europe Market Share,By Device Type, 2022 & 2032

Figure 64: Europe Market Y-o-Y Growth Projections,By Device Type – 2022-2032

Figure 65: Europe Market Attractiveness Index,By Device Type – 2022-2032

Figure 66: Europe Market Share, By Product, 2022 & 2032

Figure 67: Europe Market Y-o-Y Growth Projections, By Product – 2022-2032

Figure 68: Europe Market Attractiveness Index, By Product – 2022-2032

Figure 69: Europe Market Share, By Distribution Channel, 2022 & 2032

Figure 70: Europe Market Y-o-Y Growth Projections, By Distribution Channel – 2022-2032

Figure 71: Europe Market Attractiveness Index, By Distribution Channel – 2022-2032

Figure 72: Europe Market Share, By Application, 2022 & 2032

Figure 73: Europe Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 74: Europe Market Attractiveness Index, By Application – 2022-2032

Figure 75: Europe Market Share, By Grade Type, 2022 & 2032

Figure 76: Europe Market Y-o-Y Growth Projections, By Grade Type – 2022-2032

Figure 77: Europe Market Attractiveness Index, By Grade Type – 2022-2032

Figure 78: Europe Market Share, By Country, 2022 & 2032

Figure 79: Europe Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 80: Europe Market Attractiveness Index, By Country – 2022-2032

Figure 81: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 82: Asia Pacific Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 83: Asia Pacific Market Share,By Device Type, 2022 & 2032

Figure 84: Asia Pacific Market Y-o-Y Growth Projections,By Device Type – 2022-2032

Figure 85: Asia Pacific Market Attractiveness Index,By Device Type – 2022-2032

Figure 86: Asia Pacific Market Share, By Product, 2022 & 2032

Figure 87: Asia Pacific Market Y-o-Y Growth Projections, By Product – 2022-2032

Figure 88: Asia Pacific Market Attractiveness Index, By Product – 2022-2032

Figure 89: Asia Pacific Market Share, By Distribution Channel, 2022 & 2032

Figure 90: Asia Pacific Market Y-o-Y Growth Projections, By Distribution Channel – 2022-2032

Figure 91: Asia Pacific Market Attractiveness Index, By Distribution Channel – 2022-2032

Figure 92: Asia Pacific Market Share, By Application, 2022 & 2032

Figure 93: Asia Pacific Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 94: Asia Pacific Market Attractiveness Index, By Application – 2022-2032

Figure 95: Asia Pacific Market Share, By Grade Type, 2022 & 2032

Figure 96: Asia Pacific Market Y-o-Y Growth Projections, By Grade Type – 2022-2032

Figure 97: Asia Pacific Market Attractiveness Index, By Grade Type – 2022-2032

Figure 98: Asia Pacific Market Share, By Country, 2022 & 2032

Figure 99: Asia Pacific Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 100: Asia Pacific Market Attractiveness Index, By Country – 2022-2032

Figure 101: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032

Figure 102: MEA Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 103: MEA Market Share,By Device Type, 2022 & 2032

Figure 104: MEA Market Y-o-Y Growth Projections,By Device Type – 2022-2032

Figure 105: MEA Market Attractiveness Index,By Device Type – 2022-2032

Figure 106: MEA Market Share, By Product, 2022 & 2032

Figure 107: MEA Market Y-o-Y Growth Projections, By Product – 2022-2032

Figure 108: MEA Market Attractiveness Index, By Product – 2022-2032

Figure 109: MEA Market Share, By Distribution Channel, 2022 & 2032

Figure 110: MEA Market Y-o-Y Growth Projections, By Distribution Channel – 2022-2032

Figure 111: MEA Market Attractiveness Index, By Distribution Channel – 2022-2032

Figure 112: MEA Market Share, By Application, 2022 & 2032

Figure 113: MEA Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 114: MEA Market Attractiveness Index, By Application – 2022-2032

Figure 115: MEA Market Share, By Grade Type, 2022 & 2032

Figure 116: MEA Market Y-o-Y Growth Projections, By Grade Type – 2022-2032

Figure 117: MEA Market Attractiveness Index, By Grade Type – 2022-2032

Figure 118: MEA Market Share, By Country, 2022 & 2032

Figure 119: MEA Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 120: MEA Market Attractiveness Index, By Country – 2022-2032

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