Wearable Healthcare/Medical Devices Market To Reach USD 27.49 Billion By 2026

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Wearable Healthcare/Medical Devices Market To
Reach USD 27.49 Billion By 2026
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Market Size USD 7.01 billion in 2018, Market
Growth - CAGR of 18.5, Market Trends Increased
penetration of smartphones.
Market Summary
The global wearable healthcare/medical devices
market is expected to reach USD 27.49 billion by
2026, according to a new report by Reports and
Data. Increased adoption of smartphone based
application for healthcare monitoring by
individuals as well as healthcare providers is
the key factor driving demand.

• Further key findings from the report suggest
• Diagnostic and Monitoring Devices are expected to
  occupy a significant share of the overall market.
  Adoption of these devices can help in faster
  detection of diseases such as diabetes,
  hypertension and cancer. For instance The iTBra,
  developed by Cyrcadia Health can help in
  detection of breast cancer. According to the
  World Cancer Research Fund, over 2 million new
  cases of breast cancer were registered in 2018.
  Belgium had the highest rate of breast cancer in
  women, followed by Luxembourg and Netherlands.
  Adoption of these breast patches could help in
  detection of cancer in even dense breast tissue.
  The dense breast tissues are four to six times
  more likely to develop tumors. Breast patches are
  expected to bring down the number of breast
  biopsies significantly in the forecast period.

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Market Summary
Key Players
Fitbit, Philips, Garmin, Lifewatch, Medtronic,
NeuroMetrix, Qardio and Omron.
Segmentation
Product types Outlook (Revenue, USD Billion
2018-2026) Fitness Trackers Body Sensors Wearable
Patches Wrist Devices Heart Straps Headbands Postu
re Monitors Movement Sensors Wearable
Defibrillator Smart Clothing Smart
Glasses Wearable Camera Others
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Market Summary
Application Outlook (Revenue, USD Million,
2015-2026) Sports Fitness Remote Patient
Monitoring Home Healthcare Emergency Medical
Care Others Regional Outlook for Wearable
Healthcare/Medical Devices Market analyses the
following geographies North America (United
States, Canada, and Mexico) Europe (Germany,
France, UK, Russia, and Italy) Asia-Pacific
(China, Japan, Korea, India, and Southeast
Asia) South America (Brazil, Argentina, Colombia,
etc.) Middle East and Africa (Saudi Arabia, UAE,
Egypt, Nigeria, and South Africa)
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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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expertise.
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