Global,Wearable,Medical,Device marketing Global Wearable Medical Devices Market Competitive Landsca
Automation technologies represent a fundamental aspect of any modern industry. The major types of industrial automation solutions, such as DCS, PLC, SCADA, and MES, are used on a large-scale in process and discrete industries.DCS technologie Awhile ago, I got an email from one of the "gurus" I follow and it shocked me. The gist of it was this person wanted to trade services for a household item.To say it floored me would be an understatement.What was worse was a few days later t
The report segments the market as Global Diagnostic Wearable Device Market and Global Therapeutic Wearable Device Market. Both the above segments are further based on applications and geography. The product type segment has been further categorized into various types of diagnostic and surgical devices along with vision care products.The growth of global wearable medical device is driven by several factors, the most important of which is the technological innovations. Technological innovations and advancements have led to the introduction of new products. The other factors promoting the growth of the market are increasing incidences of chronic diseases, and diabetes patients, ease of use and interpretation of outcomes.A wearable medical device is defined as a device with sensors attached to the body that detect and monitor changes in body signatures of various areas and organs. It can capture more accurate and real time data related to the vital signs and parameters of the body. These devices can measure glucose, ECG, blood pressure, blood oxygen saturation and various other vital parameters.These days’ people often find the need to track their personal health more efficiently, and monitor the status of other individual periodically and remotely. The health of the sick child at home or of a senior parent living overseas is of particular importance to people, especially when the situation becomes time critical. Periodic reports and immediate alerts for any sudden changes in their health may give an opportunity to act quickly and save the life of the person in danger. Even from a personal health monitoring perspective, the ability to relay the health information collected to a doctor or to a hospital for advanced or emergency assessment would be a great asset to people.Many big companies are entering in this market with an aim to provide the people with accurate vital parameters of the body. Recently multi-billion dollar companies like Google, Apple, Microsoft, LG, etc. have launched their smart watches. The watches display vital parameters of the body including heart rate. Companies from non-electronic background, like Nissan, have also launched their smart watch.The main reason which is attracting these industry giants to this market is the rising awareness of people regarding body parameters like heart rate, blood pressure level, blood sugar level, etc. As many corporates have entered this market, there is tough competition between all of them. This strong competition has led to an increase in the affordability of the devices. Also increase in the per capita income in the developing economies is one of the reasons for the high demand of these devices.People prefer the product which monitors multiple parameters in one go. The companies who wish to enter in this market need to strongly focus on increasing the number of parameters measured by the device.
Global,Wearable,Medical,Device