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Wearable Healthcare Devices Market Size and Opportunities for New Players, Forecast from 2022 To 2028 by Exactitude ConsultancyWearable healthcare devices Market Rising Growth, Endless possibilities of Technology, and Evaluation of the Devices with real-time disease monitoring for personalized healthcare PUNE, India, Sept. 21, 2022 /PRNewswire/ -- The global wearable healthcare devices market is expected to grow at more than 11.2% CAGR from 2019 to 2028. It is expected to reach above USD 37.60 billion by 2028 from a little above USD 14.3 billion in 2019.  Wearable Healthcare Devices Market by Device Type (Diagnostic & Monitoring Devices, Therapeutic Devices), By Products (Activity Monitors/Trackers, Smart Clothing, Smart Watches, Patches), by End User (General Health & Fitness, Remote Patient Monitoring, Home Healthcare), and by Region (North America, Europe, Asia Pacific, South America, Middle East and Africa), Global Trends and Forecast from 2019 to 2028 Wearable healthcare devices are devices that are capable of diagnosing and monitoring medical conditions, in combination with digital health information, worn typically over the body. The growth of the global market is due to the increasing technological advancements and innovations which is improving the lifestyle of patients, as well as for the general population. Furthermore, the growing adoption of mobile platforms and increasing adoption of AI and 5G will also boost the growth of this market. Factors that drive the growth of the Wearable healthcare devices market include the awareness of fit and healthy lifestyles. Increased preference for home healthcare owing to the pandemic is also providing a boost for the market. The increasing prevalence of chronic diseases and rise in the geriatric population are playing important role in this market and it is also deciding the pace of transformation. Get Sample with Latest Trends and Future Advancements at: (Get Higher Priority for Corporate Email ID): https://exactitudeconsultancy.com/reports/1168/wearable-healthcare-devices-market/#request-a-sample Industry News:
Covid 19 Imapct The recent COVID-19 pandemic has impact on wearable medical devices market owing to rising influence of telemedicine. People are avoiding public gathering follow social distancing. Physicians exploit the telemedicine route where they can treat patients from a distance without creating a scope for any kind of virus spread. Development of applications to integrate artificial intelligence (AI) in its systems to assist medical personnel as well as the growth of telemedicine has encouraged wearable medical devices market growth. Product Portfolio: The Company has a product portfolio of Wearable Healthcare Devices Market that includes: Wearable Healthcare Devices Market: Growing competition among key players, increasing horizontal and vertical expansion is further expected to fuel the growth of Wearable Healthcare Devices Market. Key players operating the global Wearable Healthcare Devices market includes Medtronic plc. Koninklijke Philips N.V., OMRON Corporation, Biotelemetry Inc., Apple, Inc., Abbott Laboratories, Fitbit, Inc., and Garmin Ltd. Wearable Healthcare Devices Market Scope: Discount on report
Regional outlook- North America region holds the majority of the global market. Excellent healthcare infrastructure along with the rising awareness for a fit and healthy lifestyle has boosted the market in this region. The large share of this market is largely attributed to the increasing incidence of chronic conditions, increasing penetration of smartphones, growing geriatric population, advancements leading to the launch of superior products that will escalate the demand for wearable medical devices across the U.S. On the other hand, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period due to the presence of a large patient population, growing penetration of smartphones, increasing disposable income, improving the standard of living & economic conditions, and the presence of several low-cost device manufacturers in the Asia Pacific. Emerging markets like China, India, and Southeast Asia are growing their medical facilities. The availability of advanced medical devices is also on the rise contributing to the growth of this market. These countries are expected to present good opportunities for the global market. Reasons to Buy The report enables you to - - Formulate significant competitor information, analysis, and insights to improve R&D strategies - Identify emerging players with potentially strong product portfolio and create effective counter strategies to gain competitive advantage - Identify and understand important and diverse types of Wearable Healthcare Devices under development - Develop market-entry and market expansion strategies - Plan mergers and acquisitions effectively by identifying major players with the most promising pipeline - In-depth analysis of the product's current stage of development, territory and estimated launch date Click here to avail lucrative discounts on our latest report: https://exactitudeconsultancy.com/reports/1168/wearable-healthcare-devices-market/#inquire-for-discount Explore Trending Healthcare Industry Research Reports: Telemedicine Market The global telemedicine market is projected to reach USD 291.52 Million by 2028 from USD 70.10 Million in 2020, at a CAGR of 19.5% from 2019 to 2028. Telemedicine solutions aim to increase access to basic healthcare while also improving healthcare quality and patient safety. The implementation of telehealth or telemedicine solutions improves care delivery to patients, according to a report published by the Agency for Healthcare Research and Quality (AHRQ). Revenue Cycle Management Market The global revenue cycle management market size is expected to grow from USD 36.98 billion in 2020 to USD 91.57 billion by 2029, at a CAGR of 10.6% during the forecast period. Revenue cycle management (RCM) is the financial process used by healthcare facilities to track patient care episodes from registration and appointment scheduling to final payment of a balance using medical billing software. Drug Safety and Pharmacovigilance Software Market The global drug safety and pharmacovigilance software market size is USD 155.40 million in 2020 and is expected to grow till USD 300.10 million by 2029, at a Compounded annual growth rate (CAGR) of 7.93%. PV software is a medication safety management tool that allows users to produce, categories, evaluate, submit, and preserve pharmacovigilance data and adverse event reports. Pharma and biotech enterprises, contract research organizations (CROs), business process outsourcing firms (BPOs), and other pharmacovigilance service providers all employ this PV software. Health Information Exchange (HIE) Market The global Health Information Exchange (HIE) Market is expected to grow at 12.0% CAGR from 2022 to 2029. It is expected to reach above USD 3.22 billion by 2029 from USD 1.16 billion in 2020. The goal of HIE is to encourage appropriate and secure access to and retrieval of a patient's information in order to improve the cost, quality, safety, and speed of patient care. The goal of health information exchange is to assist providers in reducing medication and medical errors, eliminating unnecessary paper work, providing caregivers with clinical decision support tools for more effective treatment, improving public monitoring and reporting, improving healthcare quality, and lowering costs. About Exactitude Consultancy Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data. Contact us for your special interest research needs at [email protected] and we will get in touch with you within 24hrs and help you find the market research report you need. Website: https://exactitudeconsultancy.com/ Contact: Logo: https://mma.prnewswire.com/media/1871697/Exactitude_Consultancy_Logo.jpg
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