The global diagnostic wearable medical devices market is anticipated to grow substantially during the forecast period of 2019-2025.
Diagnostic wearable medical devices are used to monitor, control, and track a person’s vital signs at regular intervals. Diagnostic wearable devices come in the form of smartwatches, eyeglasses, contact lenses, clothing and jewelry. These autonomous, non-invasive devices help assess specific medical functions such as heart rate, blood pressure, body temperature, respiratory rate, glucose levels, and blood oxygen saturation and transmit these data wirelessly to the user or medical professionals.
The miniaturization of diagnostic wearables is spurring the growth of this market during the predicted period. There has been an increasing focus on the development of smaller, more reliable, and more energy-efficient devices compared to the previous generations of wearables. For example, latest development in this field are smart pills embedded with a sensor the size of a grain of salt. This sensor is coupled with a wearable transmitter to monitor the physiological conditions and the intake of medications.
Americas led the global diagnostic wearable medical devices market and is expected to reach close to US $2 billion by 2020. Factors such as the emergence of new and technologically advanced wearable health devices such as smartwatches, smartglasses, smart clothes, and wristbands will aid in this market segment’s growth over the next four years. Moreover, the increasing awareness of chronic diseases that require continuous monitoring such as diabetes, CVDs, and obesity will drive this sector’s growth until the end of 2020.
Key companies profiled in Diagnostic Wearable Medical Devices Market report are Cleveland Medical Device, Fitbit, Medtronic, Omron Healthcare, Polar Electro, Basis Science, Drägerwerk, Everist Genomics and more.
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