Global Clinical-grade Wearables Growth Opportunities
Description
Global Clinical-grade Wearables Growth Opportunities
The healthcare industry is facing a shortage of resources, including its workforce. This strain has increased demand for remote monitoring technologies. Moreover, the COVID-19 pandemic has fueled demand for home-based care and telehealth services. This sudden increase in remote monitoring and home-based care is driving demand for regulated monitoring devices. Wearable devices aid in continuous remote monitoring of patients and are used for disease diagnosis and treatment.
Additionally, wearable devices used for the continuous monitoring of patients in hospital wards to reduce hospital staff workload, provide patient mobility, and detect early health deterioration are boosting market growth potential. Consumers have also started adopting wearable devices to monitor their chronic diseases. Moreover, the growing geriatric population drives demand for wearable devices at nursing homes and home-based hospitals.
Many consumer-grade wearable device companies, such as Apple and Fitbit, are entering the medical-grade wearables market to meet increasing demand. These companies are gaining regulatory clearance for product features such as atrial fibrillation detection for cardiac arrythmia monitoring. Consequently, the market is experiencing a convergence between consumer-grade and medical-grade wearable devices.
In this study, the global clinical-grade wearables market is segmented into cardiac wearables, clinical-grade consumer wearables, blood pressure monitors, and multiparameter monitors. Cardiac wearables are the fastest growing device segment due to increasing demand for continuous ECG monitoring, the most targeted feature for regulatory approval by consumer wearable device companies. Blood pressure monitoring is another popular feature poised to gain traction. North America is the largest market for wearable devices, while Asia-Pacific is the fastest-growing market because of increasing acceptance of remote monitoring technologies.
This study will provide a detailed overview of clinical- or medical-grade wearable devices for monitoring and diagnosis. It covers clinical-grade wearables for vital sign monitoring, cardiovascular monitoring, and physiological parameter tracking. The study period is 2019–2026.
The healthcare industry is facing a shortage of resources, including its workforce. This strain has increased demand for remote monitoring technologies. Moreover, the COVID-19 pandemic has fueled demand for home-based care and telehealth services. This sudden increase in remote monitoring and home-based care is driving demand for regulated monitoring devices. Wearable devices aid in continuous remote monitoring of patients and are used for disease diagnosis and treatment.
Additionally, wearable devices used for the continuous monitoring of patients in hospital wards to reduce hospital staff workload, provide patient mobility, and detect early health deterioration are boosting market growth potential. Consumers have also started adopting wearable devices to monitor their chronic diseases. Moreover, the growing geriatric population drives demand for wearable devices at nursing homes and home-based hospitals.
Many consumer-grade wearable device companies, such as Apple and Fitbit, are entering the medical-grade wearables market to meet increasing demand. These companies are gaining regulatory clearance for product features such as atrial fibrillation detection for cardiac arrythmia monitoring. Consequently, the market is experiencing a convergence between consumer-grade and medical-grade wearable devices.
In this study, the global clinical-grade wearables market is segmented into cardiac wearables, clinical-grade consumer wearables, blood pressure monitors, and multiparameter monitors. Cardiac wearables are the fastest growing device segment due to increasing demand for continuous ECG monitoring, the most targeted feature for regulatory approval by consumer wearable device companies. Blood pressure monitoring is another popular feature poised to gain traction. North America is the largest market for wearable devices, while Asia-Pacific is the fastest-growing market because of increasing acceptance of remote monitoring technologies.
This study will provide a detailed overview of clinical- or medical-grade wearable devices for monitoring and diagnosis. It covers clinical-grade wearables for vital sign monitoring, cardiovascular monitoring, and physiological parameter tracking. The study period is 2019–2026.
Table of Contents
79 Pages
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8
- The Impact of the Top 3 Strategic Imperatives on the Clinical-grade Wearables Industry
- Growth Opportunities Fuel the Growth Pipeline Engine
- Clinical-grade Wearables Market Scope of Analysis
- Segmentation
- Key Competitors
- Growth Metrics
- Wearables-Market Definitions
- Clinical-grade Wearables-Applications
- Growth Drivers
- Growth Restraints
- Forecast Assumptions
- Revenue Forecast
- Revenue Forecast by Product
- Revenue Forecast by Region
- Revenue Forecast Analysis
- Revenue Forecast Analysis by Region
- Pricing Trends and Forecast Analysis
- Competitive Environment
- Revenue Share
- Revenue Share Analysis
- Wearables as Monitoring Devices
- Wearables in the Monitoring Market
- Clinical-grade Wearables-Monitoring Parameter Analysis
- Clinical-grade Wearables-Device Type and Location
- Growth Metrics
- Revenue Forecast
- Revenue Forecast by Region
- Forecast Analysis
- Growth Metrics
- Revenue Forecast
- Revenue Forecast by Region
- Forecast Analysis
- Growth Metrics
- Revenue Forecast
- Revenue Forecast by Region
- Forecast Analysis
- Growth Metrics
- Revenue Forecast
- Revenue Forecast by Region
- Forecast Analysis
- Clinical-grade Wearables-Business Models
- Clinical-grade Wearables-Future Outlook
- Growth Opportunity 1: Customizable Service-based Solutions and Platforms
- Growth Opportunity 2: AI-based Wearables Offering Early Disease Prediction and Predictive Insights
- Growth Opportunity 3: Continuous Remote Monitoring for Homebased Care
- Growth Opportunity 4: Wearable Vital Sign Monitoring Devices for Hospitals
- Growth Opportunity 5: Multiparameter Monitoring with Better Accuracy and Longer Battery Life
- Your Next Steps
- Why Frost, Why Now?
Pricing
Currency Rates
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