DUBLIN--(BUSINESS WIRE)--The "Global Wearable Medical Devices Market - Segmented by Product Type, Application, Device Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global wearable medical devices market is expected to register a CAGR of about 19% during 2018-2023 (the forecast period).
Owing to the factors like rising number of incidences of chronic diseases, the need to curb healthcare expenditure, and the growing demand for home-based and remote monitoring devices, North America is dominating the market.
Currently, medical devices are gaining immense popularity, due to improved technologies that are being introduced every day by key market players. These devices can help consumers manage their health, along with taking care of healthcare costs.
Over the last 2-3 years, the healthcare wearable devices market has witnessed a boost, with giant electronic companies competing with the young and crowd-funded startups. The focus is shifting from fitness trackers and apps to wearable medical devices that are designed to collect specific healthcare data.
Increasing per-capita income in developing countries and ease-of-use and interpretation of medical devices are some of the other factors contributing to the market growth.
Developments in the Market
- Fitbit acquired, a small Boston-based software startup called, Twine Health.
- Xiaomi Inc.
- Garmin Ltd.
- Lifewatch AG
- Philips Electronics
- Polar Electro
- Sotera Wireless
- Actelion Pharmaceuticals
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
7. Market Segmentation
8. Competitive Landscape
9. Key Players
10. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/vf58lx/global_wearable?w=4