(PharmaNewsWire.Com, December 01, 2017 ) Europe Wearable Medical Devices Market is showcasing a decent growth in the forecast period. Wearable medical devices are defined as the devices with sensors that detect and monitor changes in body signatures like glucose levels, insulin levels, heart diseases, blood pressure ingestion, pain relief, brain activity, hydration, temperature, sleep etc. Wearable medical devices feature wireless data transmission, real time feedback, alerting mechanism and have easy and timely sensing abilities. The data generated by wearable medical devices is analysed and further used by customers for a better health management.
Large user base and significant adoption of mobile products has led to market growth for wearable devices in Europe. Recent advancements in the field have led to compactness, multi-functionality, and easy use of wearable devices. Increasing expenditure on healthcare along with rising incidences of chronic diseases amongst all demographics, along with all the factors have led to the increased growth. However, high cost of wearable devices has resulted in slow adoption rate limiting its potential. Further, the privacy concerns concerning transmitting sensitive patient information and the need for miniaturized devices with long battery life are few challenges faced by the industry in current scenario.
The Europe market for Wearable medical devices can be broadly categorized into Monitoring and Diagnostic Wearable Device Market (Electro Cardiographs, Sleep Monitoring devices, Heart Rate Monitors, Blood Pressure Monitors, Activity Monitors and Electro Encephalographs) and Therapeutic Wearable Device Market (Wearable Pain Management Devices, Glucose/Insulin Monitoring Devices, Wearable Respiratory Therapy Devices). Based on Application, the market is further segmented into Sports and Fitness, Home Healthcare and Patient Monitoring. The remote patient monitoring market accounted for the highest revenue in 2015 while the sports and fitness market is expected to grow at the fastest rate. On the basis of geography, the Europe market is analysed under various regions namely, Spain, Germany, UK, France, Italy. European market holds the second largest market share in the global market for wearable medical devices.
Some of the major companies dominating the market, by their products and services include Fitbit, Garmin, Jawbone, Polar Electro, Vital connect, Withings SAS, Zephyr Corporation, Basis Science, Omron Corporation, Drager, Lifewatch AG, Sotera Wireless, Abbott Laboratories and Nuubo.
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