Wearable Medical Devices Technologies And Global Markets
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The goal of this updated report is to evaluate the recent developments in the wearable medical devices market including technology growth drivers and industry challenges in 2017 and 2018 to estimate the market and to provide revenue forecasts for the global market from 2018 to 2023.
Wearable medical devices technologies and global markets. The global wearable medical devices market was valued at redacted in 2017 and is expected to witness a compound annual growth rate cagr of redacted through 2023 to reach redacted the emergence of wearable technology has disrupted the healthcare industry in recent years leading to increasing adoption and market growth for wearable medical devices. The large share of north america in the clinical grade wearable market can be attributed to the high penetration of smartphones tablets and other mobile platforms. The global market for wearable medical devices and technologies should grow from 8 9 billion in 2018 to 29 9 billion by 2023. However even a devastating pandemic didn t stop the wearable medical device market s steep ascent in revenue.
Global wearable medical devices system market dynamics according to the world health organization the number of people aged 65 or older is expected to grow nearly around 1 5 billion in 2050. The united states holds the largest share in the wearable medical devices market primarily attributed to the early adoption of wearable medical technology and the high prevalence of cardiovascular and lifestyle related diseases along with high per. Development adoption of innovative technologies. North america dominated the overall wearable medical devices market with the united states emerging as the major contributor to the market.
Growing awareness initiatives and implementation of fitness programs globally especially in emerging nations will accelerate the adoption of wearable medical devices to manage physical activities. The global wearable medical devices market wasn t immune from covid 19 supply chain disruptions clinical trial delays and sales losses. The global wearable medical devices market was valued at redacted in 2017 and is expected to witness a compound annual growth rate cagr of redacted through 2023 to reach redacted the emergence. Get latest market trends markets size and growth forecast for wearable medical devices.
Wearable technology devices are increasingly being developed for the medical and healthcare markets especially because of the growing number of patients overloading hospitals and medical centres.
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