Clinical-Grade Wearable Device Market Projected to Expand Rapidly with 25% CAGR by 2028

MarkNtel Advisors recently published a detailed industry analysis of the Global Clinical-Grade Wearable Device Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Clinical-Grade Wearable Device Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2028

The Clinical-Grade Wearable Device Market is projected to grow at a CAGR of around 25% during the forecast period, i.e., 2023-28.

Key Findings in Global Clinical-Grade Wearable Device Market:

• Historical Analysis: 2018–2021
• Base Year: 2022
• Forecast Period: 2023–2028

Leading Market Players- Abbott Laboratories, Siemens Healthcare GmbH, Koninklijke Philips N.V., Omron Corporation, Sotera Wireless, Everist Health, Polar Electro, Zephyr Technology Corporation, Intelesens Ltd, Fitbit Inc., LifeWatch AG., Garmin, Contec Medical Systems Co. Ltd., Vital Connect, Dexcom, Inc., Medtronic Plc, Polar Electro, Ge Healthcare, and Others (Preventice Solutions, Inc., Covidien, etc.)

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Clinical-Grade Wearable Device industry?

Rising Demand for Incessant Health Monitoring for Diabetes & Related Health Issues: Over the past few years, there has been an increase in the population suffering from diabetes, thereby generating the demand for Clinical-Grade wearable devices for examining glucose levels at regular intervals of time. According to World Health Organization, over 422 million people are suffering from diabetes, globally, which leads to over 1.5 million deaths per year. Consequently, patients use glucose-monitoring wearable devices and insulin pumps to keep track of their sugar levels and deliver insulin precisely at designated times. This helps patients maintain their blood sugar levels efficiently.

Further, health concerns such as diabetes, blood pressure, etc., play a vital role in the demand for Clinical-Grade wearable devices since patients require monitoring to reduce the risk of long-term complications such as nerve damage, heart disease, etc. Therefore, these health-related issues have positively impacted the global market for Clinical-Grade wearables, owing to the flexibility and accuracy these wearable devices provide to patients suffering from illnesses.

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What segments define the Global Clinical-Grade Wearable Device Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?

By Device Type

• Diagnostic Device
  • Vital Sign Monitor
    • Heart rate Monitors
    • Activity Monitors
    • Pulse Oximeters
    • Blood Pressure Monitors
    • Others (Spirometers, Electrocardiographs, etc.)
  • Sleep Monitoring
    • Sleep Trackers
    • Wrist Actigraphs
    • Polysomnographs
  • Electrocardiographs Fetal & Obstetric Devices
  • Neuromonitoring Devices
    • Cerebral Oximeter
    • Electroencephalographs
    • Electromyographs
• Therapeutic Devices
  • Pain Management
    • Quell Device
    • Neurostimulation Device
  • Insulin Monitoring Devices
    • Insulin Pumps
  • Rehabilitation Devices
    • Gyroscopes
    •  Accelerometers
    • Magnetometers
  • Respiratory Therapy Devices
    • Ventilators
    • Portable Oxygen Concentrators
    • Possible Pressure Airway Devices

According to report, Among them, Diagnostic Devices are anticipated to hold the major market share in the Global Clinical-Grade Wearables market, owing to the rising popularity of Vital Sign Monitoring devices.

By Device Site

• Handheld
• Headband
• Shoe Sensors
• Strap/ Bracelet

According to report, Of them all, Straps/Bracelets are estimated to acquire a major share in the Global Clinical-Grade Wearables market, owing to the rising popularity of Bluetooth-connected smartwatches worldwide.

By Application

• Home Healthcare
• Remote Monitoring
• Sports & Fitness

Explore the Complete Global Clinical-Grade Wearable Device Market Analysis Report – https://www.marknteladvisors.com/research-library/clinical-grade-wearable-device-market.html

Geographical Analysis: Global Clinical-Grade Wearable Device Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global Clinical-Grade Wearable Device Market Recent Development:

• 2022: Medtronic plc. announced a strategic partnership with company BioIntelliSense, to monitor the US hospitals for 30-day post-acute hospital-to-home distribution rights of the BioButton multi-parameter wearable for straight, connected monitoring.
• 2022: Abbott announced the development of a new consumer bio wearable, Lingo, primarily built to detect critical body signals, like ketones, glucose, and lactate, helping people better understand their general health & take the required action.

Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Clinical-Grade Wearable Device Market?
• How is the Global Clinical-Grade Wearable Device Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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