Wearable Medical Devices Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025 © Coherent market Insights. All Rights Reserved Wearable Medical Devices Market Overview : Wearable medical devices consist of sensors attached to the body, which detects and monitor changes in different parts of body and organ. Increase in awareness and health facilities and advancement in technology and innovation in the devices, are some of the factors propelling the wearable medical devices market growth. Smart watch, wristband, and smartphones are some of the wearable medical devices which are targeted by the companies. This is owing to factors such as their high demand and user friendly approach, and it also reduces hospital based expenditure. In near future technology is expected to play a major role in healthcare services. These devices help pharmaceutical companies in conducting valuable clinical trials. Wearable medical devices are available in wide range having different functions such as alerting mechanism, real-time feedback, and wireless data transmission. Innovation in technology and increase in healthcare awareness is driving market growth Rapid advancement in technology leads to innovation in existing product and introduction of new products. Increase in health concerns, sedentary lifestyle, and rise in awareness regarding health and fitness drives the wearable medical devices market growth. Furthermore, increase in geriatric population and constant increase in lifestyle disease fuels the market. According to the United Nations Department of Economic and Social Affairs, the global geriatric population is expected to increase by 56%, from 901 million to 1.4 billion over the period of 2015-2030. Major companies concentrate on user friendly wearable medical device with various features such as Bluetooth, wireless connectivity, and long battery life. There is tremendous increase in chronic diseases such as diabetes and respiratory diseases, which has increased the use of wearable medical devices. These devices are used to record heart rate, temperature, steps taken by the patient, and glucose level of the body. According to Centers for Disease Control and Prevention (CDC), in 2014, around 21 million people are diagnosed with diabetes in U.S. According to the report published by Insights Association, it is expected that wearable medical device market may reach to US$ 53 billion, with annual growth of 25-35% through 2015-2018. © Coherent market Insights. All Rights Reserved Developed regions are major growth engines of the wearable medical device market Regional segmentation of wearable medical devices market by Coherent Market Insights comprises North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America dominates in the wearable medical devices market. Asia Pacific is expected to drive growth of wearable medical devices market over the forecast period, owing to technological advancement and increase in geriatric population in emerging countries such as India, China, and Japan. According to World Economic Forum, it is expected that geriatric population of Asia Pacific will exceed 2 billion by 2050. This is owing to factors such as rise in chronic diseases especially diabetes, increased awareness regarding the use of continuous glucose monitor, and increasing healthcare investments. Key players to support the growth of wearable medical devices market Various players present across the globe which are running into the competition of innovation, improved product, and user-friendly approach. Some of the major players operating in the wearable medical devices market include Life Watch AG, Google Inc., Apple, Medtronic Plc., Omron Corporation, Philips Healthcare, and Polar Electro. Request for sample copy : https://www.coherentmarketinsights.com/insight/request-sample/841 © Coherent market Insights. All Rights Reserved ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. SERVICES INDUSTRY ANALYSIS CUSTOMIZED RESEARCH MARKET INTELLIGENCE SERVICES CONSULT STUDIES © Coherent market Insights. All Rights Reserved SYNDICATED RESEARCH COUNTRY SPECIFIC STUDIES ABOUT COHERENT MARKET INSIGHTS Industries we cater SECTOR COVERAGE Healthcare BIOTECHNOLOGY CLINICAL DIAGNOSTIC HEALTHCARE IT MEDICAL DEVICES MEDICAL IMAGING PHARMACEUTICAL Chemicals & Materials Bulk Chemicals Advanced Materials Speciality and Fine Chemicals Green Chemicals Food Ingredients © Coherent market Insights. All Rights Reserved Cosmetic Ingredients Polymers & Resins ABOUT COHERENT MARKET INSIGHTS KEY STATS RESEARCH SOLUTIONS FEASIBILITY STUDIES GLOBAL REPORTS 100+ Insights Published Per Year 150+ Consulting Projects Till Date 125+ Clients Worldwide Per Year 110+ COUNTRY ANALYSIS CONSULT PROJECTS SURVEY RESEAR CH EXCEL FORECAST DATABASE CUSTOMIZED SOLUTIONS COMPETITIVE ASSESSMENT TECHNOLOGY SNIPPETS Analysts and Contract Consultants Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein. © Coherent market Insights. All Rights Reserved THANK YOU To know more about us, visit our website: www.coherentmarketinsights.com For sales queries or new topics email us on: sales@coherentmarketinsights.com For other queries contact: Mr. Shah (Manager - Business Development) Coherent Market Insights sales@coherentmarketinsights.com +1-206-701-6702 © Coherent market Insights. All Rights Reserved