The latest market report published by Credence Research, Inc. “Wearable Medical Devices Market – Growth, Future Prospects, Competitive Analysis, 2017 – 2025,” the global wearable medical devices market was valued at US$ 4,400.7 Mn in 2016, and is expected to reach US$ 22,754.6 Mn by 2025 expanding at a CAGR of 17.09 % from 2017 to 2025.
Browse the full report Wearable Medical Devices Market – Growth, Future Prospects, Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/wearable-medical-devices-market
According to the World Health Organization report, in 2012, non-communicable diseases were responsible for death of 38 million people, which is 68% of the world’s 56 million deaths. Approximately 16 million deaths were under 70 years of age, these premature deaths are preventable if there is rising public health awareness, inclination for physical activity and preference for more healthy diet. The technocommerical industry has addressed to this health issue by launching the novel healthcare apps, smart watches, smart clothing and other such solutions designed to complement the physical activity training with resourceful data. Monitoring devices are useful in giving data such as blood glucose, oxygen levels, EEG data etc. useful to monitor prognosis of chronic diseases.
Activity monitors lead the product market segment due to rising public health awareness and provides important health parameters such as heart rate, blood glucose and blood oxygen levels etc. Smart watches promise tremendous growth for the duration 2017-2025 due to factors such as gives quick access to health related notifications, and currently smart watches are becoming trendsetters among gadget lovers.
Diagnostics and monitoring devices provides a promising market and currently holds the largest market share due to increasing number of elderly patients suffering with sleep and neurological disorders, and rise in the number of hypertensive and type 2 diabetes patients requiring frequent monitoring of blood glucose and electroencephalogram data. Therapeutic devices are set to have a significant market growth due to rising prevalence of pain disorders such as post-surgical pain, trigeminal neuralgia and joint pain, growth in prevalence of type 1 diabetes patients requiring immediate insulin treatment, and pain management in terminally ill patients suffering with cancer.
The wearable medical devices market is technologically driven and includes major players such as Corventis, Inc., Drägerwerk AG & Co. KGaA, Fitbit, Inc., Garmin Ltd., Jawbone, Inc, LifeWatch AG, Omron Corporation, Philips Healthcare, Polar Electro Oy, Withings SA, and Zephyr Technology Corporation.
Key Market Movements:
- Rising prevalence of chronic diseases such as hypertension, type-2 diabetes, sleep apnea etc.
- Increasing health awareness in public and disposable incomes in the developing nations to drive wearable medical devices market growth
- Supportive regulatory environment for wearable medical devices products
- Technological advancement in the healthcare apps and gadgets providing latest health notification, reminders, diet and exercise regime
The major players in global wearable medical devices market are Corventis, Inc., Drägerwerk AG & Co. KGaA, Fitbit, Inc., Garmin Ltd., Jawbone, Inc., LifeWatch AG, Omron Corporation, Philips Healthcare, Polar Electro Oy., Withings SA (Nokia), and Zephyr Technology Corporation.
Download Free Sample: http://www.credenceresearch.com/sample-request/58837
Protective Eyewear Market: http://www.credenceresearch.com/press/global-protective-eyewear-market
Internet Of Things (IOT) Microcontrollers Market: http://www.credenceresearch.com/report/internet-of-things-iot-microcontrollers-market
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US