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 Market, 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,
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.
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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
- Diagnostic Device
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
- South America
- Europe
- Asia-Pacific
- Rest of World
Global Clinical-Grade Wearable Device Market Share & Competitive Landscape:
The Clinical-Grade Wearable Device Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Clinical-Grade Wearable Device Market are:
- Abott Laboratories
- Siemens Healthcare GmbH
- Koninklijke Philips N.V.
- Omron Corporation
- Sotera Wireless
- Everist Health
- Polar Electro
- Zephyr Technology Corporation
- Intelesens Ltd
- Fitbit Inc.
- LifeWatch AG.
- Garmin
- Contec Medical Systems Co. Ltd.
- Vital Connect
- Dexcom, Inc.
- Medtronic Plc
- Polar Electro
- Ge Healthcare
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.
Questions Addressed in this Study
1.What factors are driving the Global Clinical-Grade Wearable Device Market growth?
2.How is the Global Clinical-Grade Wearable Device Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Clinical-Grade Wearable Device Market ?
4.What is the current size of the Global Clinical-Grade Wearable Device Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Clinical-Grade Wearable Device Market in terms of technological advancements and market expansion?
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