Diagnostic Wearable Devices Market On A Hype, According To TBRC’s Report
The market for wearable medical devices is expected to reach higher than $13.5 billion by 2022, significantly growing at a double digit CAGR in the forecast period. Growth in the wearable medical devices market is due to increasing demand for smart watche
(EMAILWIRE.COM, January 03, 2019 ) Wearable medical devices are small electronic products, often consisting of one or more sensors, and having computational capability. They are embedded into items that are attach to the body parts, such as head, feet, arms, wrists and waist. They can resemble a watch, eyeglasses, some clothing, contact lenses, shoes or even jewelry.
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Wearable Medical Devices are segmented into diagnostic devices and therapeutic devices:
Diagnostic devices include vital sign monitors, sleep and activity monitors, fetal and obstetric monitors, neuro monitoring devices and ECG monitors.
Therapeutic devices include pain management devices, insulin monitoring devices, respiratory therapy devices and rehabilitation devices. The market for therapeutic wearable medical devices market was valued at around $1.6 billion in 2016 and is expected to reach more than $4 billion in 2020, at a growth rate of nearly 19%.
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Diagnostic devices are the larger segment of the wearable devices market by type of product, worth nearly twice the therapeutic device segment. Straps and headbands are the most widely used site of application for wearable medical devices.
Strap was the largest segment in the health wearables market by site of application, accounting for $1.1 billion in 2016. The headband segment is expected to have the highest CAGR of about 23% whereas the handheld segment is expected to have the lowest CAGR of around 13% during 2017-2022.
The top wearable medical technology companies and wearable device manufacturers included in the report are Nike (Nike+ FuelBand), Fitbit (Two wristbands (Force and Flex) and two clip-on trackers (Zip and One), and Jawbone.
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The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
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Europe: +44 207 1930 708
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Email: info@tbrc.info
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Order report at
https://www.thebusinessresearchcompany.com/report/wearable-medical-devices-global-market-opportunities-and-strategies-to-2022
Wearable Medical Devices are segmented into diagnostic devices and therapeutic devices:
Diagnostic devices include vital sign monitors, sleep and activity monitors, fetal and obstetric monitors, neuro monitoring devices and ECG monitors.
Therapeutic devices include pain management devices, insulin monitoring devices, respiratory therapy devices and rehabilitation devices. The market for therapeutic wearable medical devices market was valued at around $1.6 billion in 2016 and is expected to reach more than $4 billion in 2020, at a growth rate of nearly 19%.
Download free sample report at
https://www.thebusinessresearchcompany.com/sample.aspx?id=804&type=smp
Diagnostic devices are the larger segment of the wearable devices market by type of product, worth nearly twice the therapeutic device segment. Straps and headbands are the most widely used site of application for wearable medical devices.
Strap was the largest segment in the health wearables market by site of application, accounting for $1.1 billion in 2016. The headband segment is expected to have the highest CAGR of about 23% whereas the handheld segment is expected to have the lowest CAGR of around 13% during 2017-2022.
The top wearable medical technology companies and wearable device manufacturers included in the report are Nike (Nike+ FuelBand), Fitbit (Two wristbands (Force and Flex) and two clip-on trackers (Zip and One), and Jawbone.
About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company
Contact Information:
The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us
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The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results