Wearable Technology Devices Market to Maintain Robust Growth to 2022, Expects Aniruddha Sowale in Its Report Available at MarketPublishers.com28 Nov 2017 • by Natalie Aster
LONDON – Today, wearable technology devices form one of the key sectors of the IoT market, and are anticipated to see increasing adoption across various fileds, including medicine, fitness, education, disabilities, gaming, transportation, entertainment, amidst others.
In 2014, the world’s market for wearable medical devices was evaluated at appr. USD 3.1 billion. Since 2014, this market has seen remarkable progress, increasing at a high double-digit CAGR. Furthermore, the global wearable medical devices market is poised to maintain robust growth pace up till 2022.
The escalating demand from the remote patient monitoring and home healthcare segments is likely to fuel growth in the wearable medical devices market. Other important factors stimulating growth in the wearable medical devices market comprise enhancing focus on fitness activities, increasing awareness amid target population, rising number of elderly people and expanding healthy lifestyle orientation globally.
Microsoft, Philips, and Alphabet are the leading players in the world’s market for wearable medical devices with the highest number of patents and patent applications.
The US ranks the dominant country market for wearable medical devices market.
The discounted topical research report “Wearable Medical Devices Market Global Industry Analysis, Size, Share, Trends, Forecast, 2014 –2022f” elaborated by Aniruddha Sowale offers a detailed market analysis with top-level qualitative and quantitative data on the market historical background, current scenario, situation across the key geographies, dynamics, main growth influencing forces, prevailing and emerging trends and competitive landscape. Besides, this report outlines future growth challenges and opportunities for the examined market and gives access to detailed forecasts up to 2022.
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