Product ID: SQMIG35A2674
Report ID:
SQMIG35A2674 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
North America dominates the global Wearable Medical Devices market. The region accounts for the largest revenue share of 36.9% in 2023. The region is predicted to develop at a rapid rate throughout the forecast period due to the high use of remote patient monitoring and home care devices for frequent, continuous, and long-term patient monitoring and lowering the frequency of hospital visits. Women are far more likely than men to regularly use these gadgets (25% vs. 18%). According to 41% of respondents, it is appropriate for fitness tracker makers to give medical experts access to user data so they can learn more about the link between activity and heart disease. This poll so indicates the acceptance and utilization of wearable technology in the United States. During the forecast period, all of the aforementioned elements are anticipated to fuel the expansion of the wearable medical devices market in the United States.
Asia Pacific is expected to be the fastest growing region in the global Wearable Medical Devices market. The region is witnessing rapid market growth due to various factors like, favorable government measures encouraging the use of such wearable medical devices, an ageing population, and rising healthcare costs in this region are the main drivers of market expansion. Due to the accelerating pace of technical improvements and the rising demand for home care equipment and round-the-clock monitoring, Japan held the highest share of the Asia Pacific region's market for remote patient monitoring devices and it is anticipated that it will continue to dominate the market throughout the forecast period. All human consumables, including health and skin care, are highly valued by Japanese businesses.
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Product ID: SQMIG35A2674