Wearable Medical Devices Market Estimated to Account for US$ 106 Mn in 2016 Health Articles | July 13 Cheap Iman Shumpert Shirt , 2016
Future Market Insights has announced the addition of the “Wearable Medical Devices Market: Global Industry Analysis, 2016 - 2026” report to their offering.
Global shipments of wearable medical devices will surpass 106 million in 2016, as rising awareness and disposable income continue to influence healthcare decisions. Global wearable medical device revenues are set to touch US$ 23,980.5 million, witnessing a y-o-y growth of 4.8% in 2016 over 2015.
Increasing prevalence of diseases that require round-the-clock monitoring will continue to ramp up demand for wearable medical devices in 2016. Availability of compact Cheap Skal Labissiere Shirt , smartphone-compatible devices is also expected to boost adoption. Although average selling price of these devices is expected to witness a decline in 2016, high price still remains a key constraint for many patients. As technology makes further headway and competition become more intense, wearable medical devices are anticipated to become more affordable in the future.
Wearable monitoring and diagnostic devices will continue to witness the highest demand in 2016, followed by wearable therapeutic medical devices. However, the latter will continue to account for higher revenues Cheap De'Aaron Fox Shirt , owing to higher average selling price of these devices. Total shipments of wearable therapeutic medical devices are anticipated to reach 38,637,108 in 2016, representing market value worth US$ 14,543.6 Mn. Sleep apnea devices will continue to be the highest-selling wearable therapeutic medical device Cheap Willie Cauley-Stein Shirt , with total shipments expected to reach 34,008,685 in 2016.
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Patient monitoring, home healthcare, and health & fitness will continue to remain the key end use application segments of wearable medical devices in 2016. Demand for wearable medical devices will be strongest in home healthcare segment Cheap Jason Williams Shirt , with total revenues expected to reach US$ 15,281.5 Mn in 2016. Wearable medical devices are gaining traction in the rapidly growing home healthcare sector, giving care providers and patients access to crucial physiological information.
Clinics will continue to be the leading distribution channel for wearable medical devices in 2016. Clinics will sell US$ 7,717.0 Mn worth of wearable medical devices in 2016, up from US$ 7 Cheap Vlade Divac Shirt ,348.4 Mn in 2015. Sales will continue to gain traction through online channels, with total revenues expected to reach US$ 4,669.0 Mn, a y-o-y increase of 4.6% in 2016 over 2015.
North America will continue to be the largest market, followed by Western Europe and Asia Pacific excluding Japan (APEJ). The North America wearable medical devices market will reach US$ 9 Cheap Peja Stojakovic Shirt ,608.7 Mn in 2016, up from US$ 9,143.2 Mn in 2015.
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Medtronic plc, Koninklijke Philips N.V., Sonova Cheap Oscar Robertson Shirt , and Fitbit Inc. are the leading players in wearable medical device market. Geographical expansion, investment in start-ups and SMEs remains the key business strategy of these players.
Long-term Strategy: FMI projects the global wearable medical devices market to expand at 6.9% CAGR during the forecast period 2016-2026.
Article Tags: Wearable Medical Devices, Medical Devices Market, Wearable Therapeutic Medical, Wearable Medical Cheap Mike Bibby Shirt , Medical Devices, Devices Market, Medical Device, Wearable Therapeutic, Therapeutic Medical Cheap Mitch Richmond Shirt , Home Healthcare
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