Innovativeness Begets Market Penetration for Wearable Medical Devices Competitors, Says TMR
The top five providers of wearable medical devices held over 47% of the market in 2014, finds Transparency Market Research (TMR) in a new study. Key companies – such as Medtronic Plc., OMRON Corporation, Fitbit, Inc., and Polar Electro – have helped strengthen this otherwise fragmented market. Through a strong presence in wearable medical devices meant for home healthcare, OMRON Corporation had held one of the largest revenue shares of close to 11% in 2014. Their product emphasis is particularly...
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