Press release
Wearable Medical Device Market Is Booming Due To Increasing Need of Homecare Facilities and Topmost Leading Players LifeWatch, OMRON Corporation, Polar Electo, by 2023
KEY PLAYERS FOR WEARABLE MEDICAL DEVICE MARKET
Apple Inc. (U.S), Abbott (U.S), Basis, an Intel Company (U.S), Fitbit, Inc. (U.S), Garmin Ltd. (U.S), Jawbone (U.S), LifeWatch (Stelzerland), OMRON Corporation (Japan), Koninklijke Philips N.V. (Netherland), Polar Electo (Finland) and others are some of the prominent players at the forefront of competition in the global wearble medical device market and are profiled in MRFR Analysis.
The global market of the wearable medical device is expected to grow with a CAGR of 18% during the forecasted period 2017-2023. The market generated near around USD 2 billion during 2016 and is expected to reach approximately USD 6 billion by the end of the forecasted period.
Get Sample Report @ https://www.marketresearchfuture.com/sample_request/899 .
MARKET SCENARIO FOR WEARABLE MEDICAL DEVICE MARKET
The wearable medical device market is expected to reach USD 4 billion in the forecasted period. The market is expected to grow at a CAGR of 26.78%. This growth in the market can be due to various factors such as increasing focus on fitness among individuals and awareness about healthy lifestyle. Furthermore signi8ficant growth in the home healthcare is expected to push up the demand for this segment.
SEGMENTS FOR WEARABLE MEDICAL DEVICE MARKET
The Wearable Medical device market can be segmented on the basis of Application: Sports Fitness, Remote Patient Monitoring, and Home Healthcare. On the basis of Product the market can be segmented as: Diagnostic, Therapeutic Device.
REGIONAL ANALYSIS FOR WEARABLE MEDICAL DEVICE
Asia Pacific is showing great growth potential in the wearable medical device market in the forecasted period. Increasing awareness among individuals, increasing income and rising fitness and healthcare concern across the globe is resulting in the growth the Wearable Medical Device market. North America and Europe are other significant markets for the market due to technological advancements.
Get Discount @ https://www.marketresearchfuture.com/check-discount/899 .
China is the largest market for these devices due to increasing awareness regarding fitness and health, technological advancement and increasing prevalence of diabetes and heart diseases. According to the World Health Organization, the number of annual cardiovascular events account to 41% of total deaths in China, while number of diabetic patients in India was about 65 million in 2016, which will reach to 101 million by 2030.
Wearable medical devices market is flourishing and is expected to continue its speedy growth due to changing lifestyle of people, increasing prevalence of obesity and diabetes and growing awareness about health. According to the International Diabetes Federation, about 420 million adult population worldwide was suffering from diabetes in 2016, which is increasing at the rate of 8.4% per year and is expected to reach 625 million by 2040. High cost of fitness trackers may restrain the market growth.
Request for TOC @ https://www.marketresearchfuture.com/request-toc/899 .
About Us:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact Us:
Market Research Future, Office No. 528,
Amanora Chambers Magarpatta Road,
Hadapsar, Pune - 411028 Maharashtra, India
Phone: +1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Wearable Medical Device Market Is Booming Due To Increasing Need of Homecare Facilities and Topmost Leading Players LifeWatch, OMRON Corporation, Polar Electo, by 2023 here
News-ID: 1036285 • Views: …
More Releases from Market Research Furture
CAR T Cell Therapy Market Overview by Product Types, Consumer Demand, Manufactur …
The CAR T Cell Therapy Market is at the forefront of revolutionary cancer treatments, focusing on Chimeric Antigen Receptor T-cell (CAR T) therapies that harness the power of the immune system to combat cancer. This market involves the development and commercialization of personalized cellular therapies, where a patient's T cells are genetically engineered to express CARs, enabling them to recognize and target specific cancer cells. CAR T cell therapies have…
Green Packaging Market is projected to reach USD 440.18 million by 2030, Exclusi …
In recent years, there has been a remarkable shift in consumer behavior towards eco-consciousness and sustainability. This global awakening has prompted industries to reevaluate their practices, particularly in packaging - an essential aspect of product delivery. As environmental concerns intensify, the demand for eco-friendly alternatives has surged, giving rise to the Green Packaging Market.
Green Packaging Market Size was valued at USD 274.1 million in 2021. The Green Packaging industry is…
Azelaic Acid Market is projected to reach USD 0.469 Billion by 2032, at a rate o …
In the realm of skincare, Azelaic Acid has emerged as a prominent player, touted for its efficacy in treating various dermatological concerns. From acne to hyperpigmentation, this multifaceted compound has garnered attention from both skincare enthusiasts and professionals alike. As consumer awareness regarding skincare ingredients continues to soar, the Azelaic Acid market has witnessed significant growth, driven by a confluence of factors ranging from evolving consumer preferences to advancements in…
Spout Packaging Market Size Worth USD 48.37 Billion by 2032 |Exclusive Report by …
In the realm of packaging, innovation is a driving force, continually shaping the way products are presented, stored, and consumed. One such innovation that has gained considerable traction in recent years is spout packaging. This dynamic packaging solution combines convenience, functionality, and sustainability, making it a favored choice for a wide range of industries. From food and beverage to household and personal care products, spout packaging offers versatility and practicality,…
More Releases for Wearable
Wearable Injectors Market | On-body Wearable Injectors, Off-body Wearable Inject …
A report by Transparency Market Research (TMR) throws light on the key dynamics operating within the global market for wearable injectors. The competitive landscape of the global market for wearable injectors has witnessed the entry of several newbie players over the past decade. This abrupt influx of new vendors can be attributed to the large market gap and lucrative growth opportunities floating in the global wearable injectors market. In order…
WEARABLE TECHNOLOGY REVOLUTION IN THE HEALTHCARE INDUSTRY BY DEVICES (WEARABLE M …
The various scientific advancements are constantly transforming the healthcare industry to improve patient care and diagnosis. The advent of smart wearable technology is modifying the healthcare industry in the form of wearable medical devices. Let’s take a look at some of the most trending gadgets that are enhancing the lives of patients using this user-friendly wearable technology:
Biopatches, Bands, and Phone Pads for Heart Rate Monitoring:
Biopatches are lightweight, wireless diagnostic wearable…
Wearable Electronic Devices Market,Wearable Electronic Devices Industry, Global …
Latest industry research report on: Global Wearable Electronic Devices Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This report studies the global Wearable Electronic Devices market status and forecast, categorizes the global Wearable Electronic Devices market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other…
Wearable Medical Device Market: Wearable health devices offer ‘stitch in timeâ …
Market Highlights
Increasing penetration of smartphones and rising number of smartphone based healthcare applications compatible with devices is expected to spur the market demand over the forecast period. Furthermore, growing awareness about physical fitness and increasing preferences for wireless connectivity among the healthcare providers is also projected to impact the industry growth positively.
North America regional market is projected to dominate the wearable medical device market, followed by Europe which can…
Wearable Technology and IOT Wearable Device Market - The Adoption of Wearable De …
The global wearable technology and IoT wearable device market is foretold to witness lucrative business prospects owing to the ever-increasing demand for wearable devices. Wearable technology includes smart electronic devices that can be worn on the body as accessories.
Wearable devices such as smart watches are a good example of Internet of Things. The application base of wearable technology is expanding with the expansion of the technology itself. Consumer electronics such…
Wearable Fitness Technology Market - Increasing Consumer Preferences Regarding W …
Wearable fitness technology concerns any kind of electronic product that have been designed to be worn by the person so that it can keep a track of its footsteps, heartbeat so that one can keep himself fit and fine and also give a real time information about the health of the overall body. The global Wearable Fitness Technology market is anticipated to witness a robust growth rate during the forecast…
