The wearable medical devices market consists of sales of wearable medical devices and related goods by entities (organizations, sole traders and partnerships) that provide wearable medical devices. Wearable medical devices are small electronic products, often consisting of one or more sensors, and having computational capability. They are embedded into items that are attach to the body parts, such as head, feet, arms, wrists and waist. They can resemble a watch, eyeglasses, some clothing, contact lenses, shoes or even jewelry.
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The Wearable Medical Devices Market Segmentation
By Type of Product- The wearable medical devices market is segmented by type of product into
- Consumer Wearables
- Non-Consumer Wearables
The consumer wearable market is further categorized by segment into
- Fitness and Sport
- General Consumer
- Home Automation
- Fashion and Apparel
The main drivers of the market are expected to be improved services with patient data, hands-free nature of many wearable medical devices, which is bene?cial to health professionals working in sterile environments, training opportunities for medical professionals, minimization of the treatment costs, improvement of the health outcomes, better care support, and ease of the data collection.
The challenges the market is expected to face are technical difficulties, ipatient data privacy issues, poor data quality, unaddressed regulatory issues, unavailability of sufficient medical professionals to analyze the data, high cost of devices and unfashionable designs.
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