DUBLIN--(BUSINESS WIRE)--The "Wearable Medical Devices Market by Device (Diagnostic (Heart, Pulse, BP, Sleep), Therapeutic), Application (Sport, Fitness, RPM), Type (Smartwatch, Patch), Distribution Channel (Pharmacy, Online) - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The Wearable Medical Devices Market is Expected to Reach USD 14.41 Billion By 2022 from USD 6.22 Billion in 2017, at a CAGR of 18.3%.
The key factors driving the growth of this market include increasing penetration of smartphones and growing number of smartphone-based healthcare apps compatible with wearable devices and growing preference for wireless connectivity among healthcare providers. However, the high cost of wearable devices and data security issues may hinder the growth of the market to a certain extent during the forecast period.
While the wearable medical devices market represents significant growth opportunities, market growth may be hindered due to the high cost of wearable devices, lack of reimbursement, and data security issues. Fitbit (US), Philips (Netherlands), LifeWatch (Switzerland), Garmin (Switzerland), and Omron (Japan).
The other players operating in this market include Drgerwerk (Germany), Nokia Technologies (US), Jawbone (US), Polar (Finland), Wor(l)d Global Network (US), Activeinsights (UK), VitalConnect (US), Xiaomi (China), Misfit (US), and Monica Healthcare (UK).
- Technological Advancements in Wearable Medical Devices
- Increasing Penetration of Smartphones and Growing Number of Smartphone-Based Healthcare Apps Compatible With Wearable Devices
- Growing Preference for Wireless Connectivity Among Healthcare Providers
- Increasing Focus on Physical Fitness
- High Cost of Wearable Devices and Lack of Reimbursement
- Data Security Issues
- Growing Awareness and Preference for Home Healthcare
- Limited Battery Life
- Complexity in the Design of Devices
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Wearable Medical Devices Market, By Type
7 Wearable Medical Devices Market, By Distribution Channel
8 Wearable Medical Devices Market, By Device Type
9 Wearable Medical Devices Market, By Application
10 Wearable Medical Devices Market, By Region
11 Competitive Landscape
12 Company Profiles
- Monica Healthcare
- Nokia Technologies
- Polar Electro
- World Global Network [Wor(L)D]
For more information about this report visit https://www.researchandmarkets.com/research/n89bnx/wearable_medical?w=4