The sector of healthcare is very much affecting and
attains a highest market share in the recent trend. In addition, the extensive development
in the technology made the operational changes in the cure and provides a
platform for playing a significant role in operating the change in the
healthcare industry. Moreover, introduction of wearable medical devices in the
healthcare industry is playing effective role as with the help of these devices
anyone can know about the chemical and physical properties of the human body.
Furthermore, the wearable devices are small electronic items which rottenly
comprises of one of more sensors and having computational applications. The
wearable medical devices can be generally split in the market on the basis of
consumer and non-consumer applications. The wearable devices are entrenched
into items that are connected directly to the human body parts which include
feet, arms, wrists, waist and head. Additionally, with the various applications
of wearable medical devices the market has grown more actively in the recent
trend.
According to the report analysis, ‘Wearable
Medical Devices Global Market Opportunities And Strategies To 2022 Including:
Consumer Wearables And Non-Consumer Wearables Covering: Koninklijke Philips
N.V., Omron Corporation, Zephyr Technology Corporation (a part of Medtronic),
Fitbit Inc., Johnson and Johnson, Boston Scientific Corporation, LifeWatch AG’
some of the major companies which are currently functioning in this domain for
defeating the growing demand and requirement of wearable medical devices and
attaining the highest share across the globe includesCardiac Insight Inc.,
Fitbit, Nokia Technologies, Qualcomm, Basis Science, Inc., Fitbit, Omron
Corporation, Sotera Wireless, Inc., iRhythm Technologies, LifeWatch AG, Polar
Electro Oy, Monica Healthcare Ltd, NUUBO Smart Solutions Technologies, SL,
Cosinuss GmbH, Advanced Digital Innovation (UK) Ltd, Dragerwerk AG, AISENS Sp.
z o.o., Omron Corporation, Xiaomi Corporation, LG Electronics Inc., Samsung
Group, Panasonic Corporation, AsusTek Computer Inc., Casio Computer Co., Ltd.,
Sony Corporation, Oxitone, Tempdrop, ContinUse Biometrics Ltd., Koninklijke
Philips N.V., Stryker Corporation, and Johnson & Johnson. Moreover, the
category of consumer wearable items includes fitness and sports, general
consumer items, gaming and recreation, fashion and apparel and others. By the
product type of device, this categoryof consumer wearable medical devices was
the highest accounting for the 63.0% of market share while, is expected that in
2018 it has grown to 74.0%.
On the basis of region, with the effective
application of the wearable medical devices the market of this is spread across
the globe which includes North America, South America, Western Europe, Eastern
Europe, Asia Pacific region, Middle East, Africa and rest of the world.
Whereas, the Americas was the largest shareholder in the global market of
wearable medical devices. The global market of wearable medical devices grew
form USD 3.1 billion in 2014 to USD 5.2 billion in 2017 at a CAGR of 13.8%
during the period 2014-2017.
In the coming years, it is expected that the global
market of wearable medical devices will grow more actively over the decades
with the increasing demand for smart watches, increasing demand for wearable
monitors and significant usage of wearable medical devices for cardiovascular
disease management.
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