(PharmaNewsWire.Com, December 22, 2017 ) 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. Wearable medical devices are facing challenges in providing cost effective monitoring to patients suffering from chronic disease such as Cancer and other blood diseases.
Latin America Wearable Medical Devices Market: Drivers & Restraints Increasing use of mobile technology is one of the major factors driving the growth of the market. With the development of devices such as smartphones connected with various medical apps, wearable wrist band monitors, and cuff less blood pressure monitors, the monitoring of health conditions has become more efficient and effective.
Moreover, these devices enable sharing of a patients medical records with doctors over a period of time, which helps in the proper diagnosis and treatment of diseases. 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
By Diagnostic Wearable Devices o Wearable Electro Cardiographs o Wearable Sleep Monitoring devices o Heart Rate Monitors o Blood Pressure Monitors o Activity Monitors o Electro Encephalographs
By Therapeutic Wearable Devices o Pain Management Devices o Glucose/Insulin Monitoring Devices o Respiratory Therapy Devices
By Application o Sports and Fitness o Home Healthcare o Patient Monitoring
Latin America Wearable Medical Devices Market: Overview Wearable Medical Devices are autonomous, non-invasive devices that perform specific Medical Functions such as managing treatment of chronic diseases or monitoring vital signs of human body. A wearable medical device incorporates capabilities such as wireless data transmission, real time feedback and assessment and so on. Many products with such capabilities are currently commercially available in the market and are targeted at health marketers, researchers, health conscious individuals, and athletes. The current generation of Wearable Medical Devices mostly relies on user intervention to record data that is processed offline later on.
Latin America Wearable Medical Devices Market: Region-wise Outlook On the basis of geography, the Latin America market is analysed under various regions namely, Brazil, Argentina and Mexico. The market in this region is projected to grow strongly during the forecast period due to various factors such as growing awareness and favourable reimbursement policies.
Key Questions Answered What is the current and future wearable medical devices market outlook in Latin America? What trends are affecting the Latin American market? What is the competitive landscape and market share of major players in the wearable medical devices market space in Latin America? What are the key, high growth markets that wearable medical devices manufacturers should expand into? Which market segments are growing the fastest? What are the unmet needs with the wearable medical devices systems currently on the market? How will emerging technologies fulfil these unmet needs? What is physician perception and market outlook of wearable medical devices market? What are the challenges and barriers that have hindered widespread adoption of wearable medical devices systems?
Latin America Wearable Medical Devices Market: Key Players 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.
Reasons to buy Latin America Wearable Devices MarketReport: Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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