DUBLIN–(BUSINESS WIRE)–The report “Global Wearable Medical Devices Market Report 2022” has been added to from ResearchAndMarkets.com offer.
The global wearable medical device market is expected to grow from $18.41 billion in 2021 to $22.44 billion in 2022 at a compound annual growth rate (CAGR) of 21.9%. The market is expected to reach $49.6 billion in 2026 at a compound annual growth rate (CAGR) of 21.9%.
Rising death rate from non-communicable diseases with increasing prevalence of chronic diseases and lifestyle diseases like hypertension and diabetes has contributed to the growth of wearable medical devices.
The healthcare industry is coming up with new technologies to overcome this with necessary measures such as facilities for continuous and remote monitoring of patients through wearable devices that can be worn on the body all day for continuous monitoring of parameters. required such as vital signs, glucose levels and Suite.
Moreover, the global burden of NCDs will increase by 17% over the next decade, and in Africa it will increase by 27%. In 2019, a report published by Diabetics Research and Clinical Practice stated that the global diabetic population is estimated at 463 million in 2019, or 9.3% of the global population and is expected to reach 578 million by 2030 and 700 million. 2045.
Rising number of chronic diseases coupled with growing awareness among the people is pushing them towards continuous monitoring which has boosted the growth of the market.
Manufacturers of wearable devices collect and store data to sell it to the customer himself by charging a certain amount on a monthly basis or periodically as per requirement or to third parties in places where such information is not considered as protected health information. Sensitive data is more at risk, as the amount of data processed by Medical Internet of Things devices increases exponentially.
The main data privacy issues arise when transmitting data to a cloud and when storing it. In 2019, a survey of wearable device users found that half of respondents were unaware of privacy issues related to wearable devices. There are access and security risks of personal information collected by third-party healthcare service providers that are expected to hamper the market growth over the forecast period.
The integration of artificial intelligence in wearable medical devices is gaining momentum. The data collected by wearable medical devices lacks value without the integration of artificial intelligence (AI) that makes better use of the collected data. AI doctor, which is an autonomous network with a deep learning algorithm, works well as doctors trained in conditions such as skin lesions, EKGs, medical imaging and pathology.
Main topics covered:
1. Summary
2. Features of Wearable Medical Devices Market
3. Wearable Medical Devices Market Trends and Strategies
4. Impact of COVID-19 on portable medical devices
5. Wearable Medical Devices Market Size and Growth
5.1. Global historical wearable medical device market, 2016-2021, USD billion
5.1.1. Market Drivers
5.1.2. Market Constraints
5.2. Global Wearable Medical Devices Market Forecast, 2021-2026F, 2031F, Billion USD
5.2.1. Market Drivers
5.2.2. Market Constraints
6. Wearable Medical Devices Market Segmentation
6.1. Global Wearable Medical Devices Market
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Diagnostic devices
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Therapeutic devices
6.2. Global Wearable Medical Devices Market
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look
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Bracelet
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Clothes
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Ear Wear
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Other devices
6.3. Global Wearable Medical Devices Market
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Pharmacies
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online channel
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Hypermarkets
6.4. Global Wearable Medical Devices Market Segmentation by Application
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Sports and fitness
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Remote patient monitoring
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Home care
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Ear Wear
7. Regional and Country Analysis of Wearable Medical Devices Market
8. Asia-Pacific Wearable Medical Devices Market
9. China Wearable Medical Devices Market
10. India Wearable Medical Devices Market
11. Japan Wearable Medical Devices Market
12. Australia Wearable Medical Devices Market
13. Indonesia Wearable Medical Device Market
14. South Korea wearable medical device market
15. Wearable Medical Devices Market in Western Europe
16. UK wearable medical device market
17. Germany wearable medical device market
18. French market for portable medical devices
19. Eastern Europe Wearable Medical Devices Market
20. Russian wearable medical device market
21. North America Wearable Medical Devices Market
22. United States Wearable Medical Devices Market
23. South America Wearable Medical Devices Market
24. Brazil wearable medical device market
25. Middle East Wearable Medical Devices Market
26. Africa Wearable Medical Devices Market
27. Wearable Medical Devices Market Competitive Landscape and Company Profiles
28. Key Mergers and Acquisitions in Wearable Medical Devices Market
29. Wearable Medical Devices Market Future Prospects and Potential Analysis
Companies cited
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Phillips
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Electro polar
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Omron Company
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Fitbit Inc.
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Garmin Ltd.
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LifeWatch AG (BioTelemetry Inc.)
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Xiaomi Inc.
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Vital Connect
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Jawbone Inc.
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General Electricity Company.
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Medtronic plc.
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Sotera wireless
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Basic Science, Inc.
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Intelesens Ltd.
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Withing
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Global Global Network
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Active Insights Ltd.
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Misfit (part of the Fossil Group) (Misfit)
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Dragerwerk AG & Co. KGaA
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LG Electronics
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Sony Company
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Nike Inc.
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Samsung
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Scientific Boston
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Honeywell International Inc.
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Pebble Technology Corp.
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Asking AS
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Sonova Group
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Alphabet Inc.
For more information about this report visit https://www.researchandmarkets.com/r/8n4u99