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.
Download Brochure of this report by clicking on https://www.lucintel.com/wearable-medical-device-market.aspx 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”
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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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