Latest Industry study on Contract Research Organizations , Industry Wearable Medical Devices

Wearable Medical Devices Market Analysis By Product (Diagnostic [Vital Sign
Monitors, Sleep and Activity Monitors, Fetal and Obstetric Monitors, Neuro-
Monitoring Devices, and ECG Monitors] and therapeutic Devices [Pain Management
Devices, Insulin Monitoring Devices, Respiratory Therapy Devices, and Rehabilitation
Devices]); by Site of Application (Handheld, Headband, Strap, Shoe Sensors and
Others) to 2025
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. Furthermore, increasing focus on innovations by tech start-ups and
favorable government policies are also driving the market in the coming years. Along with
these above-mentioned driving factors, there are some restraints which are expected to
hinder the market growing in coming years. Privacy issues, unaddressed regulatory issues,
unfashionable products, technical difficulties and cost of these products are some of the
restraining factors, which could hinder the market.
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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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