As the technological advancements disrupting all the industries, healthcare space is not farther away from it and gaining more access to patients’ information and data for an in-depth understanding of their behaviors and enhancing the quality of care. Especially, wearable technology is disrupting the healthcare sector as the usage of wearable devices rapidly increasing. Powered by the Internet of Things (IoT), wearable medical devices are playing a significant role in the care space by delivering information which is vital for the patients to have access to their health outcomes.
With the high prevalence of obesity coupled with rising awareness about physical fitness, the global wearable medical devices market continues growing and predicted to reach USD 66.8 billion by 2026, at an exaggerating CAGR of 26.1 percent. Escalating demand for advanced products and continues health monitoring is accountable for the business growth of the market. Wearable devices like smart bands and smartwatches are assisting fitness parameters by scaling calories burned, footsteps, and walking distance. Even to scale fitness parameters, several manufacturers of these devices are providing guidance from experts who are certified nutrition and dietician.
There are also a number of companies present in the marketplace that builds wearable medical devices, including Fitbit, Apple, Google, Nike, and among others. As per the reports, these companies are working towards the launch of brand new innovative products, which is expected to foster the business growth of the global market for wearable medical devices over the projected timeframe. These healthcare wearable devices also offering a range of benefits to the users with the data they require to achieve much better control over their health outcomes. Since these devices offer greater visibility into the status of a person’s health, these are rapidly growing in demand and empowering users to make informed decisions.