The rise of sedentary lifestyle and lack of early diagnosis has emerged as a leading cause for development of chronic ailments. Growing incidence of high blood pressure, diabetes, cardiovascular diseases, cancers, and respiratory diseases have voiced concerns to curtail these growing numbers. Such an alarming rise has a significant economic burden for individuals and healthcare systems alike....
Market Overview:
The Global Wearable Medical Devices Market size is estimated to have a value of USD 36.2 billion in 2023 and is expected to reach USD 333.2 billion at a CAGR of 28.0% by the end of 2032.
Wearable medical devices are wearable technologies designed to monitor, diagnose, and manage various health conditions. These devices can range from fitness trackers and smartwatches to more...
The global Wearable Medical Devices market is poised for unprecedented growth, as indicated by recent market analysis. Valued at USD 27.24 billion in 2022, this dynamic market is expected to reach an impressive USD 195.08 billion by 2030, showcasing an extraordinary Compound Annual Growth Rate (CAGR) of 27.9% over the forecast period from 2023 to 2030.
Key Drivers of Growth:...
In the recent past, the growing occurrence of a sedentary lifestyle and high consumption of junk food has resulted in an alarming rise in chronic illnesses cases. The prevalence of cardiovascular diseases, diabetes, high blood pressure, respiratory diseases, and cancers has skyrocketed of late. These trends are creating a notable burden on the healthcare system, thereby making the lives of...
IMARC Group, a leading market research company, has recently releases report titled “Wearable Medical Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The study provides a detailed analysis of the industry, including the global wearable medical devices market share, size, trends, and growth forecasts. The report also includes...