Among its findings, the report notes:
1. The global market for wearable medical devices reached $3.5 billion in 2014.
2. The market is expected to reach $7.8 billion by 2020, growing at a CAGR of more than 15 percent.
3. North America, which leads the wearable medical device market, had more than 40 percent of the market shares in 2014. North America was followed by Europe and Asia.
4. Asia’s wearable medical device market is expected to grow in the coming years.
5. Although wearable medical devices have proved popular for monitoring blood pressure, brain activity and temperature, among other characteristics, the report raises concerns about unfavorable reimbursement policies and data security issues.
More articles on devices and implants:
Zimmer Biomet launches individualized TKA implant: 3 notes
Stryker, Zimmer Biomet, NuVasive & more: 12 key notes
6 things to know about the global hip reconstruction devices market
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
