Wearable Medical Devices Market to Expand at 24.7% Wearable Medical Devices Market | Page 3

Wearable Medical Devices Market is segmented by Product (Diagnostic & Patient Monitoring,
Therapeutic), By Application (Remote Patient Monitoring and Home Healthcare, Sports and
Fitness), By Distribution Channel and Regional Forecast to 2026
Rising Importance on Reducing Patient Hospital Stays to Encourage Growth in Asia Pacific
Wearable Medical Devices Market
Considering regions, North America is expected to register high growth in the global wearable
devices market during the forecast period. In 2018, the market was valued at USD 10146.3 Million.
The evolving patient shift towards remote monitoring from traditional is increasing the adoption of
wearable devices in this region. The implementation of favourable regulatory policies for the
development of smart and advanced wearable devices is another factor driving the market in this
region.
Nemaura’s SugarBeat Gains CE Mark Approval, Patients to Monitor their Blood Sugar Levels in
Real-time
Among several players operating in the market, companies such as Apple, Fitbit, Philips Healthcare,
and Sonova are likely to emerge dominant in the market. These companies are strongly focussing on
innovations in product development, heavily investing in research and development activities.
Spurred by initiatives, the market is anticipated to offer immense growth opportunities for
companies in the forecast years.
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101070
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