Wearable Medical Devices Market to Generate $67.2 Billion Revenue by 2030: P&S Intelligence

NEW YORK, April 13, 2020 (GLOBE NEWSWIRE) — Across the world, an increasing number of people are suffering from lifestyle-associated diseases, such as hypertension and diabetes, which has created the need to monitor their health on a regular basis. As per the World Health Organization (WHO), the number of diabetics in emerging economies will increase to 228 million in 2025 from 84 million in 1995.
By self-monitoring with wearable devices, patients can gather data related to numerous health parameters and forward it to their doctor for prompt action. This is why, the global wearable medical devices market revenue is projected to reach $67.2 billion by 2030, at an 18.3% CAGR between 2020 and 2030 (forecast period); the market valued $10.6 billion in 2019.Get the Sample Copy of this Report at: https://www.psmarketresearch.com/market-analysis/wearable-medical-devices-market/report-sampleFitness Trackers to Continue their Market Dominance during Forecast PeriodFitness trackers are expected to continue holding the largest share in the wearable medical devices market throughout the forecast period. This is because these devices are not too expensive and they help keep a track on the number of steps taken and calories burned, which are essential fitness parameters.During the historical period (2014–2019), the sports & fitness category generated the highest revenue in the wearable medical devices market, as the awareness of people on general health and fitness is rising and it is important to track the condition of athletes associated with various sports.Browse report overview with 86 tables and 52 figures spread through 150 pages and detailed TOC on “Wearable Medical Devices Market Research Report: Global Industry Analysis and Growth Forecast to 2030” at: https://www.psmarketresearch.com/market-analysis/wearable-medical-devices-marketThe online category dominated the wearable medical devices market in 2019, as online shopping platforms offer a wide range of devices to customers.Asia-Pacific (APAC) would experience the highest CAGR in the wearable medical devices market, of 18.8%, during the forecast period, as the region is undergoing technological advancements, the geriatric population and chronic disease incidence are rising, and healthcare expenditure is growing.Market Players Entering into Collaborations for Enhanced Growth ProspectsIn recent years, the wearable medical devices market has seen a number of collaborations, which are being used by the companies to:Integrate each other’s technology in their productsIncrease their presence in various countriesPlay a part in important medical studiesLeverage artificial intelligence (AI)Expand the functionalities of the devices to critical medical applicationsMake Enquiry Before Purchase at:   https://www.psmarketresearch.com/send-enquiry?enquiry-url=wearable-medical-devices-marketThe major companies operating in the global wearable medical devices market include Apple Inc., Neurotech LLC, Mad Apparel Inc., Fitbit Inc., Garmin Ltd., Proteus Digital Health Inc., Samsung Electronics Co. Ltd., Moov Inc., Xiaomi Inc., Senseonics Holdings Inc., Fossil Group Inc., Medtronic plc, Sony Corporation, and ZOLL Medical Corporation.More Reports of Life Science By P&S IntelligenceWearable Fitness Trackers MarketWearable fitness trackers industry is expected to witness fastest growth in Asia-Pacific (APAC), owing to the presence of local players providing low cost fitness tracker devices, rising adoption of fitness trackers due to increasing prevalence of chronic diseases, and surge in the number of internet users and e-shoppers.https://www.psmarketresearch.com/market-analysis/wearable-fitness-trackers-marketWearable Injectors MarketWearable injectors market is likely to grow from $2,162.1 million in 2015 to $13.0 billion by 2024.Geographically, North America has been the largest market for wearable injectors, where the U.S. has been the largest contributor to the regional market during 2013 – 2015.https://www.psmarketresearch.com/market-analysis/wearable-injectors-marketAbout P&S IntelligenceP&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.Contact:P&S IntelligenceInternational: +1-347-960-6455Email: enquiry@psmarketresearch.comWeb: https://www.psmarketresearch.comConnect with us: LinkedIn | Twitter | Facebook