Wearable
medical devices consist of sensors attached to the body, which
detects and monitor changes in different parts of body and organ.
Increase in awareness and health facilities and advancement in
technology and innovation in the devices, are some of the factors
propelling the wearable medical devices market growth. Smart watch,
wristband, and smartphones are some of the wearable medical devices
which are targeted by the companies. This is owing to factors such as
their high demand and user friendly approach, and it also reduces
hospital based expenditure. In near future technology is expected to
play a major role in healthcare services. These devices help
pharmaceutical companies in conducting valuable clinical trials.
Wearable medical devices are available in wide range having different
functions such as alerting mechanism, real-time feedback, and
wireless data transmission.
Ask
Sample Copy of Research @
https://www.coherentmarketinsights.com/insight/request-sample/841
Innovation
in technology and increase in healthcare awareness is driving market
growth
Rapid
advancement in technology leads to innovation in existing product and
introduction of new products. Increase in health concerns, sedentary
lifestyle, and rise in awareness regarding health and fitness drives
the wearable medical devices market growth. Furthermore, increase in
geriatric population and constant increase in lifestyle disease fuels
the market. According to the United Nations Department of Economic
and Social Affairs, the global geriatric population is expected to
increase by 56%, from 901 million to 1.4 billion over the period of
2015-2030. Major companies concentrate on user friendly wearable
medical device with various features such as Bluetooth, wireless
connectivity, and long battery life. There is tremendous increase in
chronic diseases such as diabetes and respiratory diseases, which has
increased the use of wearable medical devices. These devices are used
to record heart rate, temperature, steps taken by the patient, and
glucose level of the body.
Developed
regions are major growth engines of the wearable medical device
market
Regional
segmentation of wearable medical devices market by Coherent Market
Insights comprises North America, Europe, Asia Pacific, Latin
America, Middle East, and Africa. North America dominates in the
wearable medical devices market. Asia Pacific is expected to drive
growth of wearable medical devices market over the forecast period,
owing to technological advancement and increase in geriatric
population in emerging countries such as India, China, and Japan.
According to World Economic Forum, it is expected that geriatric
population of Asia Pacific will exceed 2 billion by 2050. This is
owing to factors such as rise in chronic diseases especially
diabetes, increased awareness regarding the use of continuous glucose
monitor, and increasing healthcare investments.
Key
players to support the growth of wearable medical devices market
Various
players present across the globe which are running into the
competition of innovation, improved product, and user-friendly
approach. Some of the major players operating in the wearable medical
devices market include Life Watch AG, Google Inc., Apple, Medtronic
Plc., Omron Corporation, Philips Healthcare, and Polar Electro.
Wearable
medical devices market taxonomy
On
the basis of application, the global wearable medical devices market
is segmented into:
-
Remote Patient Monitoring
-
Sports and Fitness
On
the basis of type, the global wearable medical devices market is
segmented into:
-
Diagnostic Medical Devices
-
Therapeutic Medical Devices
On
the basis of site of use, the global wearable medical devices market
is segmented into:
-
Handheld
-
Shoe Sensor
-
Headband
-
Wrist Worn
To
know the latest trends and insights prevalent in the keyword market,
click the link below:
https://www.coherentmarketinsights.com/ongoing-insight/wearable-medical-devices-market-841
About
Coherent Market Insights:
Coherent
Market Insights is a prominent market research and consulting firm
offering action-ready syndicated research reports, custom market
analysis, consulting services, and competitive analysis through
various recommendations related to emerging market trends,
technologies, and potential absolute dollar opportunity.
Contact
Us:
Mr.
Shah
Coherent
Market Insights
1001
4th Ave,
#3200
Seattle,
WA 98154
Tel:
+1-206-701-6702
No comments:
Post a Comment