The "Global Wearable Medical Devices Market to 2027" report has been added to ResearchAndMarkets.com's offering.
Wearable medical devices are the type of handheld monitoring tools which are used in monitoring and identification of diseases.
The demand for wearable medical devices are continuously increasing in the market, where disposable income, innovations, and technological advancements are the major driving factors for global wearable medical device market which are expected to boost the global wearable medical device market growth, in this forecast period.
Market Drivers
Rise in chronic disease patients is expected to drive the global wearable medical device market growth, in this forecast period. Furthermore, continuous development in the healthcare sector is another driving factor which is expected to propel the growth of global wearable medical device market growth. In other hand, ease-of-use and interpretation of medical devices and rise in per capita income in developing countries are expected to fuel the growth of global wearable medical device market.
Market Restraint
However, high cost of wearable devices is the major restraining factor for market is expected to hamper the growth of global wearable medical device market. Also, unfavorable reimbursement issues are expected to hinder the global wearable medical device market growth.
Market Segmentation
By Type
- Activity Monitors
- Smartwatches
- Smart Clothing
- Patches
By Distribution Channel
- Pharmacies
- Online Channels
- Hypermarkets
By Application
- Sports & Fitness
- Remote Patient Monitoring
- Home Healthcare
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Companies Mentioned
- Fitbit
- Phillips
- Garmin
- Lifewatch
- Omron
- Dragerwerk
- Nokia Technologies
- Jawbone
- Polar Electro
- World Global Network
For more information about this report visit https://www.researchandmarkets.com/r/x02yjt
View source version on businesswire.com: https://www.businesswire.com/news/home/20220628005641/en/
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