Global,Wearable,Devices,Opport marketing Global Wearable Devices Opportunity Analysis
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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.It can be observed that there is serious value for healthcare in wearable medical technologies. The market is on the rise currently and will continue to do so in the near future. The market is filled with tremendous opportunities for those who are planning to step up into the market. The market is in great demand, especially with the increase in the aging population and rise in the incidence of chronic diseases globally. Aging population cannot afford to visit the hospitals on a regular basis. This is where wearable medical devices can pitch in. Product innovation is in great demand and new products which offer ease of use are being adopted at higher rates. So this market is very lucrative currently and will continue to do so. Even the major healthcare players have identified this as a great market. Recent acquisitions of Corventis by Medtronic and Covidien’s purchase of Zephyr are prime examples. But for wearable medical devices to achieve their promise and become the standard of care, technology must make sure to overcome serious hurdles which are currently hindering the market growth.The major players in the market currently are Apple, Google, Microsoft, Acer, LG, Basis Science, Corventis, Draeger, Everist Genomics, Intelesens, LifeWatch AG, Nuubo, Omron Corporation, Phillips, and Zephyr Technology Corporation.
Global,Wearable,Devices,Opport