Portland, OR -- (SBWire) -- 06/29/2017 --Wearable medical devices are handheld monitoring tools used in identification and monitoring of disease. Due to the Increase in chronic diseases, patients are opting home healthcare as a cost effective and efficient way of treatment, rather than hospital services. Medical device market accounted for $240 billion in 2013. However, increase in incidence of chronic diseases restricts the growth of wearable medical device market. Neurological diseases in people have increased to 7.2% in urban areas, causing hurdles for monitoring through wearable medical devices.

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Wearable medical devices are facing challenges in providing cost effective monitoring to patients suffering from chronic disease such as Cancer and other blood diseases. This report focuses on different segments, current trends available in the market and provides forecasted intelligence about future market growth. The forecasted market growth in this report is from 2013-2020.

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Key players in this market includes; Nuubo, Omron Corporation, Zephyr Technology Corporation, Basis Science, Inc., Corventis, Inc., LifeWatch AG, Polar Electro, Withings, Intelesens Ltd., Fitbit, Inc.

KEY MARKET SEGMENTS

BY DEVICES

- Pain management devices
- Glucose monitoring devices
- Respiratory Therapy devices

BY APPLICATIONS

- Home healthcare
- Remote Patient Monitoring
- Sports and Fitness

BY GEOGRAPHY

- North America
- Europe
- Asia-pacific
- ROW

KEY AUDIENCES

- Health care device manufacturing companies
- Pharmaceutical companies
- Research institutes private and government