The global wearable medical devices market is expected to reach $5.8 billion in 2019 and growing at a CAGR of 16.4% between 2013 and 2019……according to a new market report published by Transparency Market Research. The report highlights the current landscape of wearable devices already in the market and predicts the rise of new innovative devices in the future across four major geographies of North America, Europe, Asia-Pacific and rest of the world.
Currently, heart rate monitors and activity monitors are the major drivers of the wearable medical device market today with over 65% of wearable technologies being wrist held devices shaped like watches and the rest include wearability on other areas of the body such as the arms, torso and waist.
The report defines wearable medical devices as “with sensors attached to the body that detect and monitor changes in body signatures of various areas and organs.”
Major Market Players
The U.S. remains the clear market leader 2012 with a market share of 44%. However, in terms of competition, the market is highly fragmented and competitive with no clear leader in terms of revenue considering the whole market.
Some of the major market players in the global medical sensors market include:
- Nike
- Fitbit
- Jawbone
- Phyode
- Basis Science
- Corventis
- LifeWatch
- Intelesens
- Philips
- Omron
- Zephyr Technology Corporation
- Polar Electro
- Withings
- Sotera Wireless
Browse the full report with complete TOC at: http://www.transparencymarketresearch.com/wearable-medical-devices.html
Featured image credit: JD Hancock via cc
