(Health-NewsWire.Net, December 21, 2017 ) Wearable medical devices have several features like real time feedback, wireless data transmission, alerting mechanism and timely sensing abilities. They monitor some types of health situations like blood pressure, blood sugar levels, heart diseases, ingestion, pain relief, hydration, brain activity, temperature, sleep etc. The data produced by wearable medical devices is utilized by customers for a better healthcare management.
Global Wearable Medical Devices Market: Drivers & Restraints Wearable medical devices market in this region is driven by factors like increasing spending capabilities, innovations in the healthcare sector, ease of using medical devices and rising investment in research and development among others. However, the market is constrained by factors like lack of awareness and privacy concerns about the data generated since it can go to third party applications. Lack of awareness in the developing countries like Brazil, India, Mexico and others is leading to slower adoption of technology.
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Global Wearable Medical Devices Market: Segmentation
By Diagnostic Wearable Devices • Wearable Electro Cardiographs • Wearable Sleep Monitoring devices • Heart Rate Monitors • Blood Pressure Monitors • Activity Monitors • Electro Encephalographs
By Therapeutic Wearable Devices • Pain Management Devices • Glucose/Insulin Monitoring Devices • Respiratory Therapy Devices
By Application • Sports and Fitness • Home Healthcare • Patient Monitoring
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Global Wearable Medical Devices Market: Overview At present, the potential socio-economic benefits of wearable devices are large for multiple sectors. For instance, with fitness wearable devices driving the users to exercise, wearable technology can significantly reduce healthcare costs.The manufacturers are incorporating advanced sensors and as the size and cost of these sensors decrease, they are incorporated more and more, expanding the range of wearable devices.
Global Wearable Medical Devices Market: Region-wise Outlook On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The wearable medical devices market was dominated by North America, with the overall market share of over 40% globally. North America was followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Key Questions Answered • What is the current and future Wearable Medical Devices market outlook in Global market? What trends are affecting the Global market?
• What is the competitive landscape and market share of major players in the Wearable Medical Devices space in Global market?
• What are the key, high growth markets that Wearable Medical Devices manufacturers should expand into? Which market segments are growing the fastest?
• What are the unmet needs with the Wearable Medical Devices currently on the market? How will emerging technologies fulfil these unmet needs?
• What is physician perception and market outlook of Wearable Medical Devices?
• What are the challenges and barriers that have hindered widespread adoption of Wearable Medical Devices?
Global Wearable Medical Devices Market: Key Players Some of the key players dominating the market in this region are 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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