Global Wearable Medical Devices Market
Wearable Medical Devices Market
According to Verified Market Research, Global Wearable Medical Devices Market was valued at USD 6.6 Billion in 2018 and is projected to reach USD 23.1 Billion by 2026, growing at a CAGR of 16.9% from 2019 to 2026.
Global Wearable Medical Devices Market Outlook
The rise in the advancement in technology has helped significantly in market growth. Rising awareness among the population regarding healthy and fit lifestyle has raised the demand for wearable activity monitors and smartwatches in the market. Increasing applications of smartphones and tablets and healthcare apps have propelled the market. The rising trend of wireless patient monitoring systems has resulted in better comfort to the patients and has surged the demand for wearable medical devices in the market. However, the high cost of such devices is the biggest restraint of the market.
Global Wearable Medical Devices Market Competitive Landscape
The Global Wearable Medical Devices Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Omron Healthcare, Inc., General Electric Company, Drgerwerk AG & Co. KGaA, Garmin, Polar Electro, Xiomi, Koninklijke Philips N.V. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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