Market Overview: Global Clinical-Grade Wearable Device Market
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Clinical-Grade Wearable Device Market Insights 2023-28
The Global Clinical-Grade Wearable Device Market is projected to grow at a CAGR of around 25% during the forecast period, i.e., 2023-28.
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Top Players in the Clinical-Grade Wearable Device Market:
- 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
- Others (Preventice Solutions, Inc., Covidien, etc.)
Segmentation Analysis of Clinical-Grade Wearable Device Market
Clinical-Grade Wearable Device Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2023-28, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Device Site
- Handheld
- Headband
- Shoe Sensors
- Strap/Bracelet
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. Smart bracelets with functions similar to smartwatches have become increasingly popular among individuals due to their convenience competitive pricing compared to other wearable devices.
Further, the rising development availability of mobile apps that are compatible with strap/bracelet medical wearables allow data recording display, allowing consumers to track their health conditions. These include heart rate monitoring, calculation of calories, blood pressure measurement, step management, motion tracking, and sedentary reminders, among others, which notably help individuals to monitor their health statistics.
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-By Device Type
- Diagnostic Device
- Therapeutic Devices
-By Application
- Home Healthcare
- Remote Monitoring
- Sports Fitness
A Comprehensive Geographical Analysis:
-By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
North America acquires the majority of the share due to the presence of technological companies digitalized healthcare infrastructure. The digital transformation of healthcare in North America has contributed to the growth of the Clinical-Grade Wearables market there. The prevalence of neurological disorders in the country has escalated the demand for wearable neuro-monitoring devices. According to the Pan America Health Organization, in 2019, the US had the highest premature mortality rate due to neurological disorders. Therefore, there is a requirement for Clinical-Grade wearable devices such as activity monitors, insights watches, etc., for consistently monitoring health conditions preventing further health complications.
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