In a report this month (July 2017), the ‘Global Wearable Medical Devices Market’ is set to grow at a CAGR of 19.58% from 2016 to 2021 reaching a total of 11.18 billion. According to medgadget.com, the Global Wearable Medical Device Market was only estimated at 4.57 billion in 2016 almost tripling the market value in 1 year.
This market report is segmented into many sections such as application, therapeutic wearable devices and diagnostic wearable devices. Medgadget discusses how the diagnostic wearable medical devices market is envisaged to witness tremendous growth and will post a CAGR of more than 19% over the forecast period. Diagnostic wearables provide real-time health information, thus allowing the end users to have complete control over their health and well-being.
Some key questions which are answered in the report include:
- What is the current and future Wearable Medical Devices market outlook worldwide? What trends are affecting the Global market?
- What is the competitive landscape and market share of major players in the Wearable Medical Devices space globally?
- 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?
Wearable medical devices offer the supporting hardware for dealing with the emerging medical trend of delivering point-of-care service, unconfined medical monitoring and support, and assisting in the remote management of medical conditions for rehabilitating patients and the disabled.
To read the full article and market report click here