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Demand for Wearable Medical Devices Market Value to Reach US$ 183.8 Bn at a CAGR of 19.1%: 2022 to 2031 | TMR Study

03-01-2024 08:23 AM CET | Health & Medicine

Press release from: Transparency Market Research

Wearable Medical Devices

Wearable Medical Devices

The global market for ๐–๐ž๐š๐ซ๐š๐›๐ฅ๐ž ๐Œ๐ž๐๐ข๐œ๐š๐ฅ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž๐ฌ witnessed substantial growth, reaching a valuation of US$ 29.9 billion in 2021. Projections suggest a promising trajectory, with a projected compound annual growth rate (CAGR) of 19.1% from 2022 to 2031. By the end of 2031, the market is anticipated to surpass US$ 183.8 billion.

Analysts highlight the pivotal role of wearable technology in reshaping various market sectors, particularly in healthcare. Wearable devices, with their user-friendly interfaces and multifunctionality, are gaining traction. In healthcare, they offer unprecedented opportunities for individuals to monitor vital signs efficiently. Continuous glucose monitoring, exemplified by therapeutic devices like Pancreum's Vigil and Omnipod, is particularly beneficial for those sensitive to glucose level fluctuations, highlighting the transformative potential of wearable technology in enhancing personal health management.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐…:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1733&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

Xiaomi Technology Co.,BioTelemetry, Inc.,Fitbit, Inc.,Garmin Corporation,Apple, Inc.,Huawei Technologies Co., Ltd.,Polar Electro,OMRON Corporation,Activinsights Ltd.,VitalConnect

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ซ๐จ๐๐ฎ๐œ๐ญ ๐“๐ฒ๐ฉ๐ž

Smart Watches
Activity Monitors
Patches
Smart Clothing

๐ƒ๐ž๐ฏ๐ข๐œ๐ž

Diagnostic & Monitoring Devices
Vital Signs Monitoring Devices
Glucose Monitoring Devices
Sleep Monitoring Devices
Fetal Monitoring & Obstetric Devices
Neuromonitoring Devices

๐“๐ก๐ž๐ซ๐š๐ฉ๐ž๐ฎ๐ญ๐ข๐œ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž๐ฌ

Pain Management Devices
Rehabilitation Devices
Insulin Pumps

๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Sports & Fitness
Home Health Care
Remote Patient Monitoring
Distribution Channel
Online Channels
Pharmacies
Hypermarkets

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ:

In April 2022, Fitbit, Inc. received clearance to use its passive cardiac rhythm monitoring technology

In July 2021, OMRON Healthcare released OMRON Complete, its first single-lead electrocardiogram (ECG) and blood pressure monitor for homecare

In June 2020, Koninklijke Philips N.V. (Netherlands) launched fetal and maternal pods and patches for continuous, non-invasive monitoring of mother heart rate, fetal heart rate, and uterine activity with a single-use, 48-hour disposable electrode patch

๐๐ฅ๐š๐œ๐ž ๐š๐ง ๐Ž๐ซ๐๐ž๐ซ ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.transparencymarketresearch.com/checkout.php?rep_id=1733<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

๐‘๐ž๐ ๐ข๐จ๐ง๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐ž๐:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Integration of artificial intelligence (AI) and machine learning (ML) algorithms for real-time health monitoring and personalized healthcare solutions.

Development of miniaturized, flexible, and biocompatible wearable devices for enhanced comfort and usability.

Collaboration between technology companies, healthcare providers, and research institutions to develop innovative wearable medical solutions.

๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:

The future of the wearable medical devices market looks promising, with continued technological advancements and increasing adoption of remote patient monitoring solutions. Wearable devices are expected to play a pivotal role in shifting healthcare from reactive to proactive, preventive care models, ultimately improving patient outcomes and reducing healthcare costs.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ญ๐ฎ๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:

Adoption rate and preferences of wearable medical devices among different demographic groups.

Impact of regulatory frameworks and reimbursement policies on market dynamics.

Technological advancements in sensor technologies, battery life, and connectivity options.

Consumer feedback and satisfaction levels regarding usability, comfort, and accuracy of wearable devices.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐Œ๐‘:

๐…๐ข๐ซ๐ž ๐’๐ฎ๐ฉ๐ฉ๐ซ๐ž๐ฌ๐ฌ๐ข๐จ๐ง ๐’๐ฒ๐ฌ๐ญ๐ž๐ฆ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/05/10/2665868/0/en/Demand-for-Fire-Suppression-Systems-Market-Value-to-Reach-US-11-5-Bn-at-a-CAGR-of-6-1-2023-to-2031-TMR-Study.html

๐’๐ก๐จ๐ฉ ๐…๐ข๐ญ๐ญ๐ข๐ง๐  ๐Œ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/05/10/2665791/0/en/Shop-Fitting-Materials-Market-to-Grow-at-a-CAGR-of-4-5-from-2023-to-2031-Reaching-US-234-1-Billion-As-per-TMR-Study.html

๐€๐›๐จ๐ฎ๐ญ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

Transparency Market Research Inc.
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Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
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