The Future of Medical Wearable Medical Devices

by Scott James MarketsandMarkets-Healthcare

Continuing evolution in wearable technology is paving the way for the emergence of advanced devices in the field of communication and navigation. Perhaps, the greatest potential of wearable technology exists in the healthcare sector. Wearable healthcare technology is gaining widespread popularity, primarily owing to its ease of use and flexibility.

Wearable technology is overstep the traditional medical system from consumer electronics devices to regulated medical devices

According to recent research the wearable medical devices market is expected to reach USD 14.41 Billion by 2022. This market is expected to witness significant growth in the coming years, due to the increasing adoption of these devices in various applications, such as diagnostic and monitoring, therapeutics, and health and fitness. Rising health concerns among people and the growing focus on monitoring day-to-day variations in health conditions are the major factors driving the uptake of wearable medical devices among end users

(Source: MarketsandMarkets)

This industry is highly competitive with several big and small players. Some of the prominent players in this market include Fitbit (US), Philips (Netherlands), LifeWatch (Switzerland), Garmin (Switzerland), and Omron (Japan).