DUBLIN--(BUSINESS WIRE)--The "Global Wearable Medical Devices Market Size - Segmented by Product Type, Application, Device Type (Watch, Wristband, Clothing, Ear Wear), and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global wearable medical devices market is expected to register a CAGR of about 19% during 2018-2023
Medical wearable devices can improve the lifestyles of patients as well as the general population. Currently, these devices are gaining an immense popularity, due to improved technologies that are being introduced every day by key market players. These devices can help consumers manage their health, along with taking care of healthcare costs.
Over the last 2-3 years, the healthcare wearable devices market has witnessed a boost, with giant electronic companies competing with the young and crowd-funded startups. The focus is shifting from fitness trackers and apps to wearable medical devices that are designed to collect specific healthcare data.
Increasing per-capita income in developing countries and the ease-of-use and interpretation of medical devices are some of the other factors contributing to the market growth.
Wearable medical devices that are available at present have been designed keeping in mind an elite crowd. The cost of wearable devices is one of the major challenges for the growth prospects of the market. Most manufacturers launch their products in the premium product category.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Wearable Medical Devices Market Overview
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
7. Market Segmentation
8. Wearable Medical Devices Market Competitive Landscape
9. Wearable Medical Devices Market Key Players
10. Future of the Wearable Medical Devices Market
Companies Mentioned
- Fitbit
- Xiaomi Inc.
- Apple
- Garmin Ltd
- Samsung
- Lifesense
- Lifewatch AG
- Philips Electronics
- Polar Electro
- Sotera Wireless
For more information about this report visit https://www.researchandmarkets.com/research/l7shx8/global_wearable?w=4
