Some of the growth factors in the medical wearables market
including growing adoption of smartphones, increasing penetration of
3G/4G networks, rising focus on cost containment in healthcare delivery,
rising focus on patient-centric healthcare delivery, increasing
utilization of connected devices for the management of chronic diseases
and the increasing demand for home healthcare services are some of the
key factors driving the greater uptake of mobile technologies among both
patients and healthcare professionals.
According to research
report the medical wearables market size is projected to reach USD 19.5
billion by 2025 from USD 7.4 billion in 2020, at a CAGR of 21.4 % during
the forecast period.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52426876
North America accounted for the largest medical wearables market share
in 2019. This is due to the increasing penetration of smartphones,
rising prevalence of chronic and lifestyle disorders, increasing
healthcare costs, increasing demand for better healthcare services,
government initiatives to promote digital health, robust penetration of
3G and 4G networks, and the rising awareness of self-health management.
•Based on device type, the vital sign monitoring segment accounted for
the largest share of the Clinical Wearable Market in 2019. The large
share of this segment can be attributed to the high and growing
penetration of smartphones and significant technological advancements in
medical wearable devices, which have helped improve the treatment
outcomes for patients.
•Based on the Clinical grade wearables
market by end-user, the end-user is segmented into Long-term Care
Centers/ Assisted Living Facilities/Nursing Homes, Hospitals, Ambulatory
Care Centers, and Home/Patients. In 2019, the Long-term Care Centers/
Assisted Living Facilities/Nursing Homes accounted for the largest share
and highest growth of the Clinical-Grade Wearable market.
•Based on product type, the patches segment accounted for the largest
share of the Clinical Wearable Market in 2019. The large share of this
segment can be there have been significant technological advancements in
medical wearable devices, which have helped improve the treatment
outcomes for patients.
Request Free Report Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=52426876
The prominent players in the Medical Wearables Market are Medtronic
plc. (Ireland), Koninklijke Philips N.V. (Netherlands), OMRON
Corporation (Japan), Biotelemetry Inc.(US), Apple, Inc. (US ), Dexcom
Inc. (US), Abbott Laboratories(US), Masimo Corporation(US), GE
Healthcare (US), Bio-Beat Technologies (Israel), iRhythm Technologies,
Inc.(US), VitalConnect (US), Minttihealth (US), Preventice Solutions,
Inc. (US), Contec Medical Systems Co.Ltd(China), Biotricity Inc.(US),
Verily Life Sciences. (US), Cyrcardia Asia Limited (Hong Kong ), ten3T
healthcare (India), VivaLnk, Inc.(US).
