25-Jan Wearable Medical Devices Market Report Wearable Medical Devices Market Report Analysis, T

Wearable Medical Devices Market 2018-2025 | Global Industry Share, Size,
Key Players, Trends, Competitive and Regional Forecast to 2025
The Market for Wearable Medical Devices is expected to attain a considerably high growth in
coming years as their impact is not merely limited to the usual customer uses, like activity
tracking and smart watches but are extended deep into medical applications. A majority of
successful wearable devices are the ones that are designed to aid diagnosis, monitoring,
and treatment of specific medical conditions that the smartphone apps are unable to
address. Unlike health apps or conventional wearables that merely track the number of
calories burned by the user, medical wearables are designed to address a range of specific
medical conditions like chronic obstructive pulmonary disease, asthma, heart arrhythmia,
pain management, breast cancer, and various other ailments. Instead of just tracking data
on smart phone, medical wearables allow the medical personnel to compile relevant data
and offer diagnosis, aid patient management, and help research studies. This is one of the
key drivers of this market.
Additionally, the growing prevalence of diseases that requiring continuous monitoring is
another major trend that is responsible for propelling the market for wearable medical
device market. Some of the specific areas like patient monitoring, home healthcare, and
health and fitness are key factors responsible for this trend. Furthermore, technological
advancements and appealing product features like smartphone connectivity coupled with
the increasing smart phone penetration and growth in the healthcare smart phone apps are
also likely to drive the adoption of wearable medical devices.
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Moreover, there is an increasing requirement for self-health monitoring and preventive
medicine owing to the projected exponential increase in the geriatric population. Recent
advancements in these technologies have the capability to reduce the overall costs for
prevention and monitoring. This is possible by constantly monitoring health indicators in
various areas, which is easily achievable through the use of wearable medical devices.
Moreover, to structure the medical Internet of Things, these wearable devices now have
been efficiently integrated with telemedicine and telehealth. All these factors are collectively
responsible for driving the growth of this marke.
However, some of the major restraining factors in this market include the complexity
involved in their designing and development process, their high cost and regulatory