Wearable medical device companies are focused on emerging markets such as India and China. In April 2019, US multinational company Fitbit announced in April 2019 that it will launch Fitbit Ace 2, Versa Lite Edition, Fitbit Inspire and Inspire HR products in the Indian subcontinent.
In the device type segment, as the individual’s awareness of the body band increases, the wrist band is estimated to grow at a CAGR of 13% or more during the projection period. Bracelets manufactured by fitbit are popular products in this category.
However, increase in incidence of chronic diseases restricts the growth of wearable medical device market. Neurological diseases in people have increased to 7.2% in urban areas, causing hurdles for monitoring through wearable medical devices.
Apart from the global perspective the various regions that are emphasized are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa and each region is considered on the basis of cost of production, revenues, price of raw materials and capacity.
The global wearable medical device market. The global wearable medical device market is expected to reach $ 111.89 million in 2019, with an annual average growth of +13.8% over the forecast period by 2025, to $ 225 million.
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Key Player Included in Report:
Activeinsights, Garmin Ltd, Apple Inc., Lifesense, LifeWatch AG, Samsung, Sotera Wireless, Fitbit, Omron Healthcare, and Monica Healthcare among others.
A 360 degree synopsis of the competitive scenario of the Wearable Medical Devices Market is presented in this report. It has an enormous data allied to the recent product and technological developments in the markets. It has a comprehensive analysis of the impact of these advancements on the market’s future growth, wide-ranging analysis of these expansions on the market’s future growth. The research report examines the Wearable Medical Devices Market in a detailed manner by explaining the key facets of the market that are predictable to have a countable influence on its developmental predictions over the forecast period.
Vital sign monitor
Heart rate monitor
Wearable fetal monitor and obstetric device
Pain management wearable medical device
Glucose monitoring wearable device
Respiratory therapy wearable device
Sports and fitness
Remote patient monitoring
By Devices Type
A holistic overview of the new research report of the global Wearable Medical Devices Market analyzes the earlier and the present performance of the market. This statistical report also estimates the key trends and other significant factors which are persuading the market’s growth, to captivate a clear understanding of this market.
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