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Global Wearable Medical Devices Market Analysis & Trends 2017
October 20, 2017 | Business WireEstimated reading time: 1 minute
The global wearable medical devices market is poised to grow at a CAGR of around 17.4% over the next decade to reach approximately $23.8 billion by 2025.
Some of the prominent trends that the market is witnessing include growing prevalence of chronic diseases, increasing healthcare awareness, and recent technological developments in wearable medical devices.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2014, 2015 revenue estimations are presented for 2016 and forecasts from 2017 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies for the existing players, new entrants and the future investors.
Based on device type the market is categorized into wearable therapeutic medical devices, wearable diagnostic medical devices. Further, wearable therapeutic medical devices divided into glucose/insulin monitoring, rehabilitation devices, pain management, and respiratory therapy devices. Wearable diagnostic medical devices include fetal monitors and obstetric devices, sleep monitoring devices, neuro-monitoring devices, and vital signs monitors.
By Type the market is segmented by activity monitors, smart clothing, patches, and smart watches. Depending on the application the market is classified into sports and fitness, remote patient monitoring, and home healthcare.
On basis of application site the market is segmented by strap/clip/bracelet, headband, shoe sensors, handheld, and other application sites. Based on distribution channel the market is categorized into hypermarkets, online channel, and pharmacies.
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