Middle East and Africa Wearable Medical Devices Market Trends and Forecast Analysis 2021
The Middle-East & Africa Wearable Medical Devices Market was worth USD 0.16 billion in 2016 and estimated to be growing at a CAGR of 17.58%, to reach $0.36 billion by 2021
(EMAILWIRE.COM, December 08, 2017 ) Wearable medical devices include several features like wireless data transmission, real time feedback, alerting mechanism and timely sensing abilities. They monitor several types of health conditions like blood sugar levels, heart diseases, blood pressure, ingestion, pain relief, brain activity, hydration, temperature, sleep etc. The data generated by wearable medical devices is further used by customers for a better healthcare management.
The market continues to gain momentum with the rapid increase in adoption of these devices among patients and launch of technologically advanced, user friendly devices into the market. Enormous number of ongoing developments and innovations in the healthcare and electronics sector, rising spending capabilities and the ease of use of medical devices have led to the increased adoption of the technology in turn increasing the growth. Lack of awareness in the developing regions is leading to slower adoption of technology. Smart wearables which run third party applications tend to be a bit costlier than their counter-parts thus affecting a downscale in their sales. Further, the privacy concerns concerning transmitting sensitive patient information and the need for miniaturized devices with long battery life are few challenges faced by the industry in current scenario.
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The Middle-East & Africa market for Wearable medical devices can be broadly categorized into Monitoring and Diagnostic Wearable Device Market (Electro Cardiographs, Sleep Monitoring devices, Heart Rate Monitors, Blood Pressure Monitors, Activity Monitors and Electro Encephalographs) and Therapeutic Wearable Device Market (Wearable Pain Management Devices, Glucose/Insulin Monitoring Devices, Wearable Respiratory Therapy Devices). Based on Application, the market is further segmented into Sports and Fitness, Home Healthcare and Patient Monitoring. The remote patient monitoring market accounted for the highest revenue in 2015 while the sports and fitness market is expected to grow at the fastest rate. By geography the market is segmented into major regions of Middle-East and Africa.
Some of the major companies dominating the market, by their products and services include Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories and Nuubo.
The market continues to gain momentum with the rapid increase in adoption of these devices among patients and launch of technologically advanced, user friendly devices into the market. Enormous number of ongoing developments and innovations in the healthcare and electronics sector, rising spending capabilities and the ease of use of medical devices have led to the increased adoption of the technology in turn increasing the growth. Lack of awareness in the developing regions is leading to slower adoption of technology. Smart wearables which run third party applications tend to be a bit costlier than their counter-parts thus affecting a downscale in their sales. Further, the privacy concerns concerning transmitting sensitive patient information and the need for miniaturized devices with long battery life are few challenges faced by the industry in current scenario.
Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/middle-east-and-africa-wearable-medical-devices-market-72/request-sample
The Middle-East & Africa market for Wearable medical devices can be broadly categorized into Monitoring and Diagnostic Wearable Device Market (Electro Cardiographs, Sleep Monitoring devices, Heart Rate Monitors, Blood Pressure Monitors, Activity Monitors and Electro Encephalographs) and Therapeutic Wearable Device Market (Wearable Pain Management Devices, Glucose/Insulin Monitoring Devices, Wearable Respiratory Therapy Devices). Based on Application, the market is further segmented into Sports and Fitness, Home Healthcare and Patient Monitoring. The remote patient monitoring market accounted for the highest revenue in 2015 while the sports and fitness market is expected to grow at the fastest rate. By geography the market is segmented into major regions of Middle-East and Africa.
Some of the major companies dominating the market, by their products and services include Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories and Nuubo.
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Market Data Forecast.
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results