Global Wearable Medical Devices Market Report covers market trends, opportunities, drivers,
challenges, competitive analysis, especially in North America, China, Europe, Southeast Asia, Japan and
India, with production, revenue, consumption, import and export in these regions and forecast 2018 to
2024.
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Scope of Global Wearable Medical Devices Market
Wearable medical devices are autonomous and non-invasive devices that are designed to monitor,
diagnose and treat specific medical conditions. In combination with cost effective telemedicine
platform, ubiquitous health monitoring can radically contribute to the enhancement of diseases
prevention and early diagnosis, disease management, treatment and rehabilitation. So, during the study
of Global Wearable Medical Devices market, we have considered wearable medical devices to analyze
the market.
Global Wearable Medical Devices Market report is segmented on the basis of Product type, Application
type, End User and by regional & country level. Based on Product type global Wearable Medical Devices
Market is classified as Activity monitors, Smart clothing, Patches and Smart watches. Based upon
Application type, global Wearable Medical Devices Market is classified as Diagnostic devices,
Therapeutic devices and Fitness devices. Based upon End User type, global Wearable Medical Devices
Market is classified Hospitals & Clinics, Diagnostic Centers and Individuals.
Global Wearable Medical Devices Market Regional Analysis –
North America dominates the market with highest market share due to high healthcare expenditure, presence
of top key players and increased prevalence of chronic diseases. Nearly 30 million Americans are now living
with diabetes, and another 86 million have prediabetes, a higher-than-normal blood sugar level that can lead
to diabetes. This leads to demand of automated and self-monitoring healthcare devices. Europe is second
largest market for Wearable Medical Devices and it is growing due to the large population of diabetic patients.
The statistics of “Health at a Glance: Europe” estimates that in 2016the premature deaths of 550,000 working
age people across European Union countries from chronic diseases, included heart attacks, strokes, diabetes
and cancer. Asia Pacific Wearable Medical Devices Market is witnessed with strong growth rate majorly due
increasing expenditure on healthcare, economic growth, huge population base, increasing prevalence of
diseases, changing lifestyle and growing awareness on wellness and fitness.
Global Wearable Medical Devices System Market Dynamics –
According to the World Health Organization, the number of people aged 65 or older is expected to grow nearly
around 1.5 billion in 2050, with most of the increase in developing countries.Therefore, increasing aging
population, increasing prevalence of chronic diseases, rising demand for user friendly and self-monitoring