Press release
Wearable Medical Devices Market to Witness 25.40% CAGR through 2031, Supported by Growth of Remote Patient Monitoring Services
SkyQuest Technology
[https://www.skyquestt.com/report/wearable-medical-devices-market] size was estimated at USD 32.6 billion in 2022 and is poised to grow from USD 40.88 billion in 2023 to USD 249.97 billion by 2031, growing at a CAGR of 25.40% in the forecast period (2024-2031).
Wearable medical devices market is gaining momentum owing to the growth of health monitoring capabilities, incorporation of machine learning and AI, and integration with IoT and smartphones. Hence, advances in technology and rising demand for personalized care and efficient health monitoring. In addition, growing adoption of healthy lifestyle and focus on fitness is anticipated to influence the market growth.
Exoskeletons or wearable robotics in healthcare aid physical rehabilitation and individuals with disabilities or impairments, removing the assistance of the providers. It helps solve challenges like shortage of healthcare staff and supports mobility assistance for individuals suffering from stroke, spinal cord injuries, and other ailments. The new entrants in the market are offering rehabilitation exoskeletons for mobility training and strength after injuries or surgical interventions. Health conditions, such as Parkinson's disease, cerebral palsy, and more need walking training with the help of wearable devices so that motor functions have better cognitive control. In the same way, wearable robotics are actively implemented as assistive technology for the senior population, allowing them more independence.
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Wearable Medical Devices Market Top Player's Company Profiles
* Philips Electronics (Netherlands)
* Fitbit (US)
* Basis Science (US)
* Garmin (US)
* Covidien (Ireland)
* Omron Corp. (Japan)
* Withings (France)
* Vital Connect (US)
* Polar Electro (Finland)
* Verist Genomics (US)
* Intelesens Ltd. (UK)
Modernizations in Epidermal Technology Remarkably Improve Patient Wellness
Epidermal wearables are ultra-modern wearables attached to the patient's skin and used for health monitoring. These wearables allow patients to monitor better patient health monitoring and chronic disease management. The Subskin sensors supervise signals like temperature, heart rate, and blood pressure and transfer the data for analysis in real-time and periodic intervention. Most newbies in the wearable devices management market are focusing on the development of implantable biosensors, dermal patches, and wearable injectors that simplify medicine management, providing deep tissue biometrics and allowing on-demand injection. Dermal sensing instruments also measure key skin symptoms and improve dermatology therapeutics and diagnosis. Hence, improvements in epidermal technology optimize availability to wellness and streamline constant monitoring.
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Segments covered in Wearable Medical Devices Market are as follows:
* Product Type
* Diagnostic Devices (Vital Sign Monitoring Devices {Heart Rate Monitors, Activity Monitors, Electrocardiographs, Pulse Oximeters, Spirometers, Blood Pressure Monitors, Others}, Sleep Monitoring Devices {Sleep trackers, Wrist Actigraphs, Polysomnographs, Others}, Electrocardiographs Fetal and Obstetric Devices, Neuromonitoring Devices {Electroencephalographs, Electromyographs, Others}), Therapeutic Devices (Pain Management Devices {Neurostimulation Devices, Others}, Insulin/Glucose Monitoring Devices {Insulin Pumps, Others}, Rehabilitation Devices {Accelometers, Sensing Devices, Ultrasound Platform, Others}, Respiratory Therapy Devices {Ventilators, Positive Airway Pressure (PAP) Devices, Portable Oxygen Concentrators, Others})
* Site
* Handheld, Headband, Strap/Clip/Bracelet, Shoe Sensors, Others
* Application
* Sports & Fitness, Remote Patient Monitoring, Home Healthcare
* Grade Type
* Consumer-Grade Wearable Medical Devices, Clinical Wearable Medical Devices
* Distribution Channel
* Pharmacies, Online Channel, Hypermarkets
In February 2024, Xiaomi, a leading provider of consumer devices and smart manufacturing company pronounced the introduction of its modern collection of devices that improve user experience for every aspect of sports ad overall wellness.
In April 2023, Cala Health will present the next-gen of its wearable neuromodulation device, named (TAPS) Transcutaneous Afferent Patterned Stimulation for essential tremor and now action hand tremors related to Parkinson's disease.
In January 2022, OMRON Healthcare, a leader in personal health technology and remote BP monitoring launched its novel remote patient monitoring solutions at CES 2022. This solution was presented alongside the linked BP monitors and an improved mobile application to help every patient irrespective of their treatment journey.
In July 2024, Samsung, an electronics company of South Korea, presented its ultra-modern wearable devices, the Galaxy Ring and the Galaxy Watch Ultra with an aim to fund on the mass implementation of personalized health solution.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/wearable-medical-devices-market
New Entrants Are Actively Using Modern Technologies with Focus on Better Remote Patient Care
The scaleups and the newbies are integrating improved sensors that efficiently measure a broader range of biometric data in tiny factors. This helps in the introduction of more miniaturized devices that make them more convenient and fuels their demand. Increased use of 5G networks further allows remote consultations and low latency. Most new companies are implementing blockchain for independent patient data sharing and storage and better security.
Related Reports:
Medical Devices Market [https://www.skyquestt.com/report/medical-devices-market]
Media Contact
Company Name: Skyquest Technology
Contact Person: Mr. Jagraj Singh
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=wearable-medical-devices-market-to-witness-2540-cagr-through-2031-supported-by-growth-of-remote-patient-monitoring-services]
Phone: +1 351-333-4748
Address:1 Apache Way, Westford,
Country: United States
Website: https://www.skyquestt.com/report/artificial-intelligence-robots-market
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