Lucintel's latest market report analyzed that wearable medical device provides attractive opportunities in home healthcare and remote patient monitoring. The wearable medical device market is expected to reach $11.4 billion by 2027 with a CAGR of 6.4%. In this market, remote patient monitoring is the largest segment by end use, whereas diagnostic is largest by application. Increasing usage of wearable biofeedback devices and increasing adoption of cloud technology for interconnected healthcare devices provides strategic growth path in this market.
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Based on end use, the wearable medical device market is segmented into healthcare & medical and remote patient monitoring. The remote patient monitoring segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to advanced wireless communication technologies share patient medical records and activity with doctors over a period of time.
Browse in-depth TOC on “Wearable Medical Device Market”
71 – Tables
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The Wearable Medical Device Market is marked by the presence of several big and small players. Some of the prominent players offering wearable medical device include Medtronic Plc, Roche Holding AG, Animas Corporation (Johnson & Johnson).
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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