Selbyville, Delaware, June 15, 2021 (GLOBE NEWSWIRE) —
According to latest report “Wearable Medical Devices Market by Device (Activity/Fitness Monitors, Diabetes Devices, Cardiac Monitors, Neurological Monitors, Respiratory Monitors, Body & Temperature Monitors, Hearing Aids), Application (Cardiac Health, Obesity Control, Diabetes Care, Fitness Monitoring, Sleep Tracking), End-use (Home Healthcare, Remote Patient Monitoring, Fitness and Sports), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027”, by Global Market Insights Inc., the market valuation of wearable medical devices will cross $140 billion by 2027. Increasing awareness about personal health and rising incidence of various chronic disease will drive the market growth.
Wearable devices are defined as autonomous and non-invasive devices that can analyze, capture, and aggregate personalized data to improve wellbeing and personal health. Advent of artificial intelligence and big data analytics have increased the demand of these devices to monitor personal health. The integration of wearable technology with cloud computing solutions has transformed the entire healthcare value chain. Thus, the demand for early diagnosis, personalized healthcare, and remote patient monitoring are fueling the industry growth.
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Increasing usage of electronic gadgets and rising awareness about digital…