The global wearable medical devices market will likely grow at a compound annual growth rate of 9.46 percent between 2017 and 2021, based on a MarketStudyReport.com analysis, according to medGadget.
Here are three points:
1. A growing number of chronic diseases will boost market growth.
2. The costliness of wearable medical device will serve as a hindrance to market growth, however.
3. Major players include Fitbit, Garmin, OMRON, Philips Healthcare and Sonova.