(Health-NewsWire.Net, December 15, 2017 ) Wearable medical devices feature wireless data transmission, real time feedback, alerting mechanism and have easy and timely sensing abilities. The data generated by wearable medical devices is further analysed and is used by customers for a better health management. They help monitor several bodily conditions like blood sugar, heart diseases, blood pressure ingestion, pain relief, brain activity, hydration, temperature, sleep etc.
Increasing incidences of chronic conditions like obesity and awareness among people combining with the well-developed economic and technological facilities favour the growth of wearable devices market in North America. Also companies catering for specific needs make the market more competitive and more user friendly by increasing product choices at cheaper prices.
However wearable medical devices are facing challenges mainly in allocating cost effective monitoring to patients and providing multi-platform functionality which is expected in well-developed countries like Canada and America. These factors may act as growth hurdles for the wearable technology is this region. Further, the privacy concerns concerning transmitting sensitive patient information and the need for miniaturized devices with long battery life are few challenges faced by the industry in current scenario.
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The North America market for Wearable medical devices can be broadly categorized into Monitoring and Diagnostic Wearable Device Market (Electro Cardiographs, Sleep Monitoring devices, Heart Rate Monitors, Blood Pressure Monitors, Activity Monitors and Electro Encephalographs) and Therapeutic Wearable Device Market (Wearable Pain Management Devices, Glucose/Insulin Monitoring Devices, Wearable Respiratory Therapy Devices).
Based on Application, the market is further segmented into Sports and Fitness, Home Healthcare and Patient Monitoring. The remote patient monitoring market accounted for the highest revenue in 2015 while the sports and fitness market is expected to grow at the fastest rate. On the basis of geography, the North America market is analysed under USA and Canada regions. The North America region holds the largest market share of the global wearable medical devices market
Some of the major companies dominating the market, by their products and services include Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories and Nuubo.
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