A new Transparency Market Research report estimates the wearable devices market, including wearable vital sign monitors and obstetric devices, will be worth $10 billion by the end of 2023.
Here are three takeaways from the report:
1. North America is anticipated to experience a large share of the overall market growth throughout the forecast period.
2. The rising use of smartphone applications compatible with wearable devices is projected to accelerate the growth of the market.
3. The key players in the wearable medical devices market are OMRON, Polar Electro, Fitbit and Medtronic.