Wearable Medical Devices Market to Keep on Growing till 2022, Says Aniruddha Sowale in Its Insightful Report Available at MarketPublishers.com07 Dec 2016 • by Natalie Aster
LONDON – As of 2014, the world’s wearable medical devices market exceeded USD 3.1 billion. Through 2022, this market is set to record robust growth, posting a healthy CAGR, during 2016-2022.
Nowadays, wearable technology devices present major part of the IoT, and are anticipated to have remarkable influence on different spheres of modern life, including such fields as medicine, fitness, sports, education, transportation, entertainment and gaming.
Strong growth in the global wearable medical devices market is predicted to be boosted by considerable increase of demand from remote patient monitoring devices industry and home healthcare industry. Today, expanding healthy lifestyle trend, rising focus on fitness, escalating awareness together with ageing population are also important drivers of the worldwide wearable medical devices market growth.
Microsoft, Philips and Alphabet are top three market participants with the biggest number of patents and also patent applications. Microsoft is an unrivalled leader with the number of patents/patent applications reaching 750, furthermore, about 430 of them are high quality.
On the basis of geography, the USA, followed by China, Japan and Korea, accounts for the mammoth share of patent filings in the field of wearable technology.
New research study “Wearable Medical Devices Market Global Industry Analysis, Size, Share, Trends, Forecast, 2014 –2022f” by Aniruddha Sowale is a 360-degree analysis of the global wearable medical devices marketplace. This report is a considerable source of reliable information on the current situation in the market. Moreover, it provides historical insights and future forecasts for the market up till 2022.
This in-demand report includes market segmentation analysis (on the basis of device types, applications and geography), traces the market dynamics, covers the key market growth drivers, challenges, restraints, opportunities and hinders. Furthermore, Porter’s five forces analysis is also at hand in this research publication along with an all-encompassing review of the market competitive scenario and data on major market participants.
Other comprehensive market research reports prepared by Aniruddha Sowale are offered in its catalogue at MarketPublishers.com.