According to the report “Global Wearable Medical Devices Market -by Diagnostic wearable medical devices, by Therapeutic wearable medical devices and by Application and by Region- Global Industry Analysis, Size, Share, Growth, Trends and Forecasts (2015-2020)”, published by Market Data Forecast, the global market is projected to reach USD 11.18 billion by 2020, at a CAGR of 19.58% from 2015 to 2020.

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Wearable medical devices are the most advanced user friendly diagnostic devices which provide facilities like data transmission, alerting mechanism, easy and timely sensing abilities and real time feedback. These devices offer a solution to regular checkups as they can diagnose blood glucose level, heart rate, brain activities, hydration, temperature and more.Wearable devices are the upcoming smart technology which are the key to optimal operating for the future society.

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Healthcare is a sector with enormous innovations and developments combining with the technology. Increasing incomes, several cases for chronic diseases and the ease of using advanced medical devices are some of the key factors which drive the market. The wearable medical devices have large market opportunities in the consumer fitness field but the devices may also face a lot of competition with the gadgets providing greater reliability in health management.

Product Segmentation:

Based on Diagnostic Wearable devices
•Electro Cardiographs
•Sleep Monitoring devices
•Heart Rate Monitors
•Blood Pressure Monitors
•Activity Monitors
•Electro Encephalographs

Based on Therapeutic Wearable Devices
•Wearable Pain Management Devices
•Wearable Respiratory Therapy Devices
•Glucose Monitoring Devices

Based on Application:
•Home healthcare
•Patient monitoring
•Sports and Fitness

Geographical Segmentation:
•North America
•Europe
•Asia-Pacific
•Latin America
•Middle East and Africa

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Key Players in the market are Basis Science, NuuboPhilips Electronics, Polar Electro, Intelensens Ltd., Coventis Inc., Fitbit Inc., Draeger, Everist Genomics Inc., Lifewatch Ag, Polar Electro, Omron Corporation, Sotera Wireless Inc., Zephyr Technology and Withings.

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