MarkNtel Advisors recently published a detailed industry analysis of the Global Clinical-Grade Wearable Device Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Clinical-Grade Wearable Device, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028
The Clinical-Grade Wearable Device Market is projected to grow at a CAGR of around 25% during the forecast period, i.e., 2023-28.
Key Findings in Global Clinical-Grade Wearable Device Market:
- Historical Analysis: 2018 –2021
- Base Year: 2022
- Forecast Period: 2023-2028
Leading Market Players- Abbott, Medtronic, Boston Scientific Corporation, Koninklijke Philips N.V., General Electric Company, Siemens Healthineers International AG, Stereotaxis Inc, Merit Medical Systems, APN Health LLC, Osypka Medical, Japan Lifeline Co Ltd, Johnson & Johnson, Biotronik, Microport Scientific Corporation, Cathrx Ltd., Others (Cook Medical, Teleflex Incorporated, etc.).
Key Highlights of the Report
- Market Dimensions And Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Clinical-Grade Wearable Device industry?
Rising Demand for Incessant Health Monitoring for Diabetes & Related Health Issues- Over the past few years, there has been an increase in the population suffering from diabetes, thereby generating the demand for Clinical-Grade wearable devices for examining glucose levels at regular intervals of time. According to World Health Organization, over 422 million people are suffering from diabetes, globally, which leads to over 1.5 million deaths per year. Consequently, patients use glucose-monitoring wearable devices and insulin pumps to keep track of their sugar levels and deliver insulin precisely at designated times. This helps patients maintain their blood sugar levels efficiently.
Further, health concerns such as diabetes, blood pressure, etc., play a vital role in the demand for Clinical-Grade wearable devices since patients require monitoring to reduce the risk of long-term complications such as nerve damage, heart disease, etc. Therefore, these health-related issues have positively impacted the global market for Clinical-Grade wearables, owing to the flexibility and accuracy these wearable devices provide to patients suffering from illnesses.
Download now and gain valuable insights to inform your business strategy, drive growth, and stay ahead of the competition – Download Free PDF Sample– https://www.marknteladvisors.com/query/request-sample/clinical-grade-wearable-device-market.html
What segments define the Global Clinical-Grade Wearable Device Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Device Type
- Diagnostic Device
- Vital Sign Monitor
- Heart rate Monitors
- Activity Monitors
- Pulse Oximeters
- Blood Pressure Monitors
- Others (Spirometers, Electrocardiographs, etc.)
- Sleep Monitoring
- Sleep Trackers
- Wrist Actigraphs
- Polysomnographs
- Electrocardiographs Fetal & Obstetric Devices
- Neuromonitoring Devices
- Cerebral Oximeter
- Electroencephalographs
- Electromyographs
- Vital Sign Monitor
- Therapeutic Devices
- Pain Management
- Quell Device
- Neurostimulation Device
- Insulin Monitoring Devices
- Insulin Pumps
- Rehabilitation Devices
- Gyroscopes
- Accelerometers
- Magnetometers
- Respiratory Therapy Devices
- Ventilators
- Portable Oxygen Concentrators
- Possible Pressure Airway Devices
- Pain Management
According to report, Among them, Diagnostic Devices are anticipated to hold the major market share in the Global Clinical-Grade Wearables market, owing to the rising popularity of Vital Sign Monitoring devices.
By Device Site
- Handheld
- Headband
- Shoe Sensors
- Strap/ Bracelet
According to report, Of them all, Straps/Bracelets are estimated to acquire a major share in the Global Clinical-Grade Wearables market, owing to the rising popularity of Bluetooth-connected smartwatches worldwide.
By Application
- Home Healthcare
- Remote Monitoring
- Sports & Fitness
Explore the Complete Global Clinical-Grade Wearable Device Market Analysis Report – https://www.marknteladvisors.com/research-library/clinical-grade-wearable-device-market.html
Geographical Analysis: Global Clinical-Grade Wearable Device Market
By Region
- North America
- Europe
- Asia-Pacific
- Rest of the World
The Global Clinical-Grade Wearable Device Industry Recent Development:
- 2022: Medtronic plc. announced a strategic partnership with company BioIntelliSense, to monitor the US hospitals for 30-day post-acute hospital-to-home distribution rights of the BioButton multi-parameter wearable for straight, connected monitoring.
- 2022: Abbott announced the development of a new consumer bio wearable, Lingo, primarily built to detect critical body signals, like ketones, glucose, and lactate, helping people better understand their general health & take the required action.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Global Clinical-Grade Wearable Device?
- How is the Global Clinical-Grade Wearable Device expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/clinical-grade-wearable-device-market.html
Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, And data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial And varied client base, including multinational corporations, financial institutions, governments, And individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing And forecasting, And trend analysis, among others, for 15 diverse industrial verticals.
More Research Studies Report:
–Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2028 with a CAGR of around 119.27%.
–Green Solvents Market size was valued at around USD 1.34 billion in 2024 And is projected to reach USD 1.87 billion by 2028 with a CAGR of around 5.7%.
For Media Inquiries, Please Contact:
Email: sales@marknteladvisors.com
Trending Blogs : www.marknteladvisors.com/blogs
Export-import Data : https://www.marknteladvisors.com/export-import-data
