Facebook Sets The Record For The Largest Acquisition In Wearable Devices Market
The wearable medical devices market size is expected to grow around $15 billion by 2022 growing at double digit compound annual growth rate (CAGR).
(EMAILWIRE.COM, January 03, 2019 ) The wearable medical devices market size is expected to grow around $15 billion by 2022 growing at double digit compound annual growth rate (CAGR). Growth in the wearable medical devices market is due to increasing demand for smart watches, use of wearable devices for cardiovascular disease management, rising disposable incomes and growing consumer awareness among millennial population.
Major trends witnessed in the wearable market over the historic period include Development in flexible electronics to benefit innovation in wearables devices, increasing healthcare awareness, and integration of advanced technologies with wearable medical devices.
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The competitive pressure in this market is expected to increase further with an increase in technological innovations, and strategic merger and acquisitions between the companies. Most of the international players are focusing on inorganic expansion through acquisition of local players in the coming years.
The largest acquisition of the year by far in the wearables space was the $2 billion purchase of Oculus VR by Facebook. Oculus makes the Oculus Rift - a virtual reality headset that was a big hit on Kickstarter in 2012 and has gone from strength to strength since. And Facebook continued their plan of expansion by acquiring one of the leading ventures in wearables market.
Order wearable medical devices market report at https://www.thebusinessresearchcompany.com/report/wearable-medical-devices-market
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Major trends witnessed in the wearable market over the historic period include Development in flexible electronics to benefit innovation in wearables devices, increasing healthcare awareness, and integration of advanced technologies with wearable medical devices.
Download sample report on wearable medical devices market at https://www.thebusinessresearchcompany.com/sample.aspx?id=1856&type=smp
The competitive pressure in this market is expected to increase further with an increase in technological innovations, and strategic merger and acquisitions between the companies. Most of the international players are focusing on inorganic expansion through acquisition of local players in the coming years.
The largest acquisition of the year by far in the wearables space was the $2 billion purchase of Oculus VR by Facebook. Oculus makes the Oculus Rift - a virtual reality headset that was a big hit on Kickstarter in 2012 and has gone from strength to strength since. And Facebook continued their plan of expansion by acquiring one of the leading ventures in wearables market.
Order wearable medical devices market report at https://www.thebusinessresearchcompany.com/report/wearable-medical-devices-market
About The Business Research Company
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.
Contact Information.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company
Contact Information:
The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us
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The Business Research Company
Marketing TBRC
Tel: +91 8897263534
Email us
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This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results