19 September 2019
Visiongain has published a new report Wearable Medical Devices Market : Diagnostic & Monitoring Wearable Devices, Vital Sign Monitoring Devices, Neuromodulation Devices, Fetal Monitoring & Obstetric Devices, Sleep Monitoring Devices, Therapeutic Wearable Devices, Pain Management Devices, Diabetes Management Wearable Devices, Rehabilitation Devices, Respiratory Therapy Wearable Devices, Activity Monitors, Smart Watches, Smart Clothing, Patches, Home Health Care, Remoted Patient Monitoring, Sports and Fitness, Pharmacies, Online Channel.
The global wearable medical devices market is expected to reach $23bn in 2024. In 2018, the therapeutic wearable medical devices segment held 65% of the global wearable medical devices market.
Wearable medical devices offer a greater promise to improve the delivery of healthcare for both patients and care providers. The rapid innovation being brought by large players offers standard platforms for wearable technology which is expected to reduce the cost of regulatory compliance and force the industry to the more stable ground of wearable as regulated medical devices instead of merely consumer electronics devices. It is high time that regulators, developers and healthcare providers embrace the potential of these new technologies to improve the delivery of care to patients.
The lead analyst commented that "The key market drivers which are expected to drive the market globally include technology innovations, increase in incidence of lifestyle diseases, increase in penetration of smart phones and devices, risk management tactics adopted by payers and the overall need to drive the overall healthcare cost down.
However, there are several factors which continue to hold back the industry from achieving significant growth. Some of them include a lack of clear regulatory guidelines, data privacy concerns and high cost."
Leading companies featured in this report include Fitbit, Garmin, Medtronic, Royal Philips N.V., Sotera Wireless, Omron Corporation, Vital Connect, Inc., Intelesens, LifeWatch, Polar Electro and other companies
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 207 336 6100.
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
The North America region is the largest market and is anticipated to grow with significant growth rates.
06 January 2022
The ongoing developments in smart cities projects across the world and integration of advanced technologies in the construction sector are some of the major factors that boosting the growth of global commercial lighting market.
06 December 2021
Some of the factors that are expected to positively influence development of UTM systems include the increasing prevalence of drones used in several sectors such as delivery, agriculture, surveillance etc.
25 October 2021
Factors such as massive need for automatic labelling machine in food & beverages industry and surge in demand for automated packaging solutions are some of the major factors propelling the market growth.