Wearable Medical Devices Market to Witness Impressive Growth at 18.1% CAGR by 2025
May 09, 2019 at 21:00 PM EDT
A Broad Analysis of the “Worldwide Wearable Medical Devices market “methodology of the leading organizations in the exactness of import/export Utilization, Market Activity Figures, Cost, Value, Revenue and Gross Edges.
Wearable Medical Devices Market – Highlights
The global wearable medical devices market is expected to reach US$ 23,310.9 Mn in 2025 from US$ 6,231.7 Mn in 2017. The market is estimated to grow with a CAGR of 18.1% from 2018-2025.
Increasing geriatric population is one of the major factor expected to propel the demand of wearable medical devices market. However, frequent product recalls in the market is expected to hinder the market growth.
The report highlights the trends prevalent in the global wearable medical devices market and the factors driving the market along with those that act as restraints to its growth. The global wearable medical devices market is witnessing a sheer rise in the current scenario and is expected to expand in the coming years.
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Most Eminent Players
The company players are indulged into development of novel and innovative products to cater the demands of users in the wearable medical devices market.
Global wearable medical devices market, based on the application was segmented into remote patient monitoring, sports & fitness and home healthcare. In 2017, sports & fitness held the largest share of the market, by application.
Moreover, the remote patient monitoring segment is expected to grow at the fastest rate during the coming years as since it allows ease in treating various medical conditions with having the need the physician repeated number of times. Remote patient monitoring has been a boom to the geriatric population as well as their monitoring.
By Device Type
Diagnostic & Monitoring Devices
Remote Patient Monitoring
Sports & Fitness
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Global Wearable medical devices Market – Regional Overview
Asia Pacific (APAC)
Middle East & Africa (MEA)
South & Central America (SCAM) – Brazil
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