Wearable Medical Devices Market - Forecast(2021 - 2026)

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Wearable Medical Devices MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2021-2026
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• Wearable Medical Device Market size is estimated
  to reach 52.2 billion by 2026, growing at a CAGR
  of 26.8 during the forecast period 2021-2026.
• Wearable medical device is a noninvasive and
  performs a medical function such as monitoring
  and support for various activities of the
  patients over a prolonged period.
• These devices are used to continuously track the
  health condition of the patients. Wearable
  medical devices are increasingly being adopted to
  monitor medical issues owing to the rise in the
  prevalence of lifestyle diseases, such as
  hypertension and obesity.

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• Key Takeaways
• Geographically, North America Wearable Medical
  Device Market accounted for the highest revenue
  share in 2020 and it is poised to dominate over
  the period 2021-2026 owing to the growing demand
  for smart watches among sports and fitness
  enthusiasts.
• The rise in the adoption of activity trackers in
  home healthcare in developed nations is driving
  the Home Healthcare segment. However, the high
  cost of wearable medical devices is one of the
  major factors that is said to reduce the growth
  of the Wearable Medical Device Market.

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By Distribution Channel- Segment Analysis The
Wearable Medical Device Market based on the Type
can be further segmented into Activity Monitors,
Smart Watches, Smart Clothing, and Patches. The
Activity Monitors segment held the largest share
in 2020 owing to the factors such as the growing
demand for advanced activity monitors to track
the overall health and rise in the research and
development activities by key players. The rise
in the adoption of fitness trackers to monitor
heart rate is driving the growth of the Wearable
Medical Device Market. The Smart Watches segment
is estimated to be the fastest growing segment
with a CAGR of 34.2 over the period 2021-2026.
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• Industry Outlook 
• Koninklijke Philips N.V.,
• Zephyr Technology Corporation,
• Fitbit, Omron Healthcare,
• Polar Electro,
• LifeWatch AG,
• Sotera Wireless,
• Intelesens Ltd,
• Withings, and
• Vital Connect

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Wearable Medical Devices Market -
Forecast(2021 - 2026) Learn More About the
Report _at_ https//www.industryarc.com/Report/205
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• Analyst Briefing
• Data Tables
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