18 June 2018
Visiongain has launched a new electronics report Global Wearable Medical Devices Market Forecast 2017-2027: Wearable Therapeutic Devices, Monitoring & Diagnostic Wearable Device, Wearable Health & Fitness Devices, Respiratory Therapy Wearable Devices, Diabetes Management Wearable Devices, Hearing Aid Wearable Medical Devices
A rise in global healthcare costs coupled with increased awareness amongst consumers and expanding middle class population in developing countries have led to a sudden increase in demand for wearable medical devices. Trends such as increased patient-HCP interaction, chronic disease self-management using health application and diagnosis of basic conditions in the hands of patients have fuelled the growth of an already vibrant yet tech-savvy wearable medical devices market. The wearable devices and sensors are further miniaturized as technology matures and more novel applications for healthcare are developed. The market has witnessed significantly, the integration of medical sensors into consumer electronics that has enable home-based medical data gathering, preventive digital health programs and support remote care.
The lead analyst of the report commented “The global wearable medical devices market will be driven by advancements and innovations in technology, an increase in incidence of lifestyle diseases, an increase in the penetration of smart phones and devices, risk management tactics adopted by payers and an overall need to drive the overall healthcare cost down. Factors such as a lack of clear regulatory guidelines, data privacy concerns and high cost are the challenges faced by this market.”
Leading companies featured in the report include Fitbit, Garmin, Jawbone, Medtronic Royal Philips N.V., Sotera Wireless, Omron Corporation, Vital Connect, Inc., Intelesens LifeWatch, Polar Electro, Withings
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