Global wearable medical devices market to grow at 9.5% CAGR through 2021: 3 points

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.

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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.

 

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