Wearable medical devices are attached, worn or handheld devices that monitor and analyse the metabolic changes in the body and record the data. These devices are portable, user-friendly and non-invasive. Wearable medical devices are used to monitor blood sugar level, sleep apnea disease, blood pressure level, heart rate, sleep patterns, skin temperature, etc., generating results in a few seconds. Wearable devices are equipped with smart sensors, which help in monitoring metabolic changes. The global wearable medical devices market has been segmented on the basis of product segment, test type, distribution channels, and region.
Growth of the global wearable medical device market is mainly driven by rising demand for user-friendly and self-monitoring devices, increasing health awareness, increasing prevalence of conditions such as diabetes, hypertension, and cardiovascular disease and associated morbidity and mortality rates. Technological advancements and attractive product features, such as smartphone app connectivity are also driving adoption of wearable medical devices.
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Some of the key players in the global wearable medical devices market include Medtronic plc, Siemens AG, Fitbit Inc., Bayer AG, Panasonic Corporation, Animas Corporation- Johnson and Johnson, Smiths Medical – A Smiths Group Company, Koninklijke Philips N.V., Owlet Baby Care, OMRON Corporation, Hoffmann-La Roche Ltd and Rest Devices Inc.