Medical wearables

Smartphones, advanced networks, a growing geriatric population, and rising focus on patient-centric healthcare could propel medical wearables’ exponential growth through 2025.

GRAPHIC ELEMENTES | ADOBE STOCK

GRAPHIC ELEMENTES | ADOBE STOCK

$7.4 BILLION: 2020

$19.5 BILLION: 2025

21.4%: Compound annual growth rate

VITAL SIGNS MONITORING:

  • Largest clinical-grade market share
  • Growing number of compact, user-friendly devices
  • Improved graphical user interface (GUI) for visibility, data

WEARABLE PATCHES:

  • 3G/4G connections driving adoption
  • Advancing technology shrinking sizes, adding features
  • Enhanced ease of use, data transmission

HIGHEST GROWTH USERS:

  • Long-term care centers
  • Nursing homes
  • Assisted-living facilities

TOP 5 CLINICAL-GRADE WEARABLE MARKETS:

  • #1 – North America
  • #2 – Europe
  • #3 – Asia Pacific
  • #4 – Latin America
  • #5 – Middle East & Africa

KEY MARKET PLAYERS:

  • Medtronic plc
  • Apple Inc.
  • VitalConnect
  • Masimo Corp.
  • Koninklijke Philips N.V.
  • iRthym Technologies Inc.
  • Omron Corp.
  • BioTelemetry Inc.
  • Bio-beat Technologies
  • GE Healthcare
  • Abbott Laboratories
  • Vivalnk

Source: reportlinker.com

Source: reportlinker.com
GRAPHIC ELEMENTES | ADOBE STOCK

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August 2020
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