Freelancer Global Market Research Report Wearable medical Devices Market Forecasts
Wearable Medical Devices Market by Device, Therapeutic, Insulin, Application, Key
Players, Type, Distribution Channel-Global Forecasts Report to 2025
Wearable devices are small electronic products, primarily consisting of one or more sensors
and having computational capability. They are inserted into devices that attach to the body,
such as an individual-2019s head, feet, arms, wrists and waist. They can resemble a watch,
eyeglasses, clothing, contact lenses, shoes, etc. Wearable devices either capture data or
present data and the types of data collected could be as simple as the number of steps
taken in a day or as complex as ECG.
The wearable medical devices market has grown significantly over the past few years as
innovations and advancements in electronics, material sciences and sensor technologies
have allowed various startups to introduce relatively inexpensive and fashionable devices
into the market.
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Wearable medical devices form a major part of the Internet-of-Things (IoT), and are
predicted to have a significant influence on the fields of fitness, medicine, disabilities,
education, transportation, gaming and entertainment. The increasing demand of remote
patient monitoring devices and home healthcare is expected to propel the demand for
wearable medical devices. Furthermore, increasing focus on fitness, growing awareness
among the population, rise in base of aging population, and a healthy lifestyle orientation
are also expected to impact the Wearable Medical Device Market In addition, consumer
interest in personal health, growing awareness about wearable devices among the
population, rise in base of aging population, increasing benefits from wearable devices and
rise in disposable income, are the factors that have helped to propel this market forward.
Top Players:-
Philips Electronics
Omron Corporation
Zephyr Technology Corporation
Fitbit Inc.
Johnson and Johnson
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Medical-Devices-Market-Analysis-and-Forecast-to-2025
The scope of the report includes competitive analysis of various market players who are
operating in the market, segmental analysis based on type of devices and application areas.