The global wearable healthcare/medical devices market size is expected to reach USD 52.35 Billion in 2030 and register a revenue CAGR of 14.0% over the forecast period, according to a latest report by Reports and Data. Increasing need for real-time health monitoring and early detection of diseases is expected to drive market revenue growth during the forecast period. Increasing introduction of technologically-advanced connected wearable devices for healthcare applications is also expected to boost revenue growth of the global market going ahead. Healthcare industry, in collaboration with technology companies, produces products to diagnose, monitor, and treat patients, as well as help healthcare organizations to lower healthcare costs and operate more efficiently. There were around 161 million Internet of Things (IoT) devices used in the healthcare industry in 2020. In addition, wireless technology advancement, miniaturization, and computing power have driven MedTech innovation. As a result, more connected wearable medical devices are being developed to help patients collect, evaluate, and transfer data. Internet of Medical Things (IoMT), a global network of connected medical devices, software applications, and health systems, is being created by data collected by these devices. Internet of Things (IoT) is rapidly changing MedTech's role and relationships in the healthcare industry. Increasing efforts by various MedTech companies to harness data provided by digitally-enabled products to make their business and operating models relevant and sustainable are expected to drive market revenue growth over the forecast period.

However, risk of data breaches is expected to hamper revenue growth of the market during the forecast period. Fitness trackers are intended to understand and improve people’s health by providing critical information that could indicate health risks. During the process of collecting this information on users, device needs to access private information about lives and health of people. Hackers can use this sensitive information to create customized phishing emails, commit fraud, and obtain even more personal information, hence cybersecurity is crucial for medical device safety and effectiveness. Unauthorized access to medical data is expected to hamper market revenue growth during the forecast period.

Market Overview:

The pharma and healthcare industry is at a crossroads. Patients are benefiting from the promise of cell and gene therapies; uncommon diseases that were previously thought to be incurable are on the verge of finding true treatments. Artificial intelligence (AI) and machine-learning technologies are creating hopes that therapy discovery and development would be more innovative, as well as faster and cheaper. Manufacturing, the supply chain, and the entire healthcare ecosystem all have the potential to benefit from data-driven initiatives. Consumer attitudes and behaviours are shifting in a variety of ways, from growing use of technology and willingness to share data to an interest in using tools to make prescription and treatment decisions. Such factors will drive pharma and healthcare market growth in the coming years.

Key Players covered in this report are

Apple, Inc., Samsung Electronics Co., Ltd., Xiaomi Corporation, Garmin, Ltd., Fitbit, Inc., LifeWatch GmbH, Omron Healthcare, Inc., Misfit, Inc., Vital Connect, Inc., Biobeat Technologies, Ltd., Medtronic PLC, Vital Connect, Inc., and Sotera Wireless, Inc.

Device Type Outlook (Revenue, USD Billion; 2019-2030)

  • Diagnostic and Monitoring Devices
    • Vital Signs Monitoring Devices
    • Glucose Monitoring Devices
    • Sleep Monitoring Devices
    • Blood Pressure Monitoring Devices
    • Fetal Monitoring & Obstetric Devices
    • Neuro-Monitoring Devices
    • Others
  • Therapeutic Devices
    • Pain Management Devices
    • Rehabilitation Devices
    • Respiratory Therapy Devices
    • Insulin Pumps
    • Cardiac Devices
    • Others

Product Outlook (Revenue, USD Billion; 2019-2030)

  • Fitness Trackers
  • Body Sensors
    • Wearable Patches
    • Wrist Devices
    • Heart Straps
    • Headbands
    • Posture Monitors
    • Movement Sensors
    • Wearable Defibrillator
  • Smart Clothing
  • Smart Glasses
  • Wearable Camera
  • Others

Based on Region market is segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Request a sample Report of Wearable Healthcare/Medical Devices Market @ https://www.reportsanddata.com/sample-enquiry-form/1054 

Major Points covered in this report are as below:

• The Wearable Healthcare/Medical Devices industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.

• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.

• The Wearable Healthcare/Medical Devices Market report provides key statistics on the market status of the Wearable Healthcare/Medical Devices manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

Get More Reports:

Secondary Hyperparathyroidism Drug Market @ https://www.biospace.com/article/secondary-hyperparathyroidism-drug-market-size-share-industry-growth-trend-business-opportunities-challenges-drivers-and-restraint-research-report-by-2027-/

Non Corticosteroid Anti-Inflammatory Eyedrops Market @ https://www.biospace.com/article/non-corticosteroid-anti-inflammatory-eyedrops-market-growth-global-survey-analysis-share-company-profiles-and-forecast-by-2028/

Platelet Aggregation Devices Market @ https://www.biospace.com/article/platelet-aggregation-devices-market-size-developments-status-trends-and-key-players-analysis-forecast-2027/

Infant Radiant Warmer Market @ https://www.biospace.com/article/infant-radiant-warmer-market-analysis-development-opportunities-future-growth-and-business-prospects-by-forecast-to-2027/

Estrogen and Progesterone Market @ https://www.biospace.com/article/estrogen-and-progesterone-market-size-share-growth-analysis-trend-and-forecast-research-report-by-2027/

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.