Wearable Devices Market, by Device Type (Diagnostic Devices and Therapeutic Devices), Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare), Product Type (Watch, Wristband, Ear Wear, and Other Product Types), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), The Wearable Healthcare Devices Market size is projected to reach a CAGR of 17.4% from 2022 to 2028.
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Wearable medical devices are autonomous devices capable of diagnosing or monitoring medical conditions, combined with digital health information, typically worn over the body. These devices possess features, such as noninvasive physiological sensors, data processing modules, medical feedback, and wireless data transmission capabilities.
Top Key Players of Wearable Devices Market
· Fitbit
· Lifesense
· Apple
· Omron Corporation
· Samsung
· Overlap
· Royal Philips
· Vivify Health
· Validic and More
The increase in the number of people with chronic disorders and the rising elderly population are some of the factors that have supported long-term expansion for Wearable Healthcare Devices Market.
Regional Analysis
North America dominated the overall wearable medical devices market, with the United States emerging as the major contributor to the market. The United States holds the largest share in the wearable medical devices market due to the high prevalence of cardiovascular and lifestyle-related diseases and increased adoption of wearable medical technology, along with high per capita medical expenditure.
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Recent Developments
· In 2019, Omron Healthcare launched HealthGuide, which looks like a typical smartwatch but is incorporated with features to monitor blood pressure.
· October 2020, Garmin Ltd launched Vivofit jr, three kids fitness tracker watch, which would help kids to be motivated to meet their activity goals to see what happens next in the app adventure.
Wearable Healthcare Devices Market is segmented into device type, application, product type and region.
On the basis of Device Type
· Diagnostic devices
· Therapeutic devices
On the basis of Application
· Sports and fitness
· Remote patient monitoring
· Home healthcare
On the basis of Product Type
· Watch
· Wristband
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
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