“Growing Health Awareness among the masses along with availability of user-friendly products drive the home monitoring segment in the Wearable medical devices industry”, says RNCOS.
Noida, UP -- (SBWIRE) -- 06/04/2015 -- According to a new research report by RNCOS entitled, "Global Wearable Medical Device Market Outlook 2020", The wearable home health monitoring devices segment accounts for 85% of the total wearable devices market. The home health monitoring devices have experienced an impressive growth over the years owing to their benefits over the conventional treatment which include sophistication, ease of use and privacy of treatment.
Physicians across the globe are prescribing their patients to use wearable technology for estimating their health parameters. Also, growing health awareness among the middle aged population (25-40) is prompting medical device suppliers to release innovative products. The demand for wearable glucose monitors, insulin pumps, cardiac monitors, etc., is rising among the consumers because it reduces their hospital care cost, and provides them the convenience of recovering at home. Factors such as prolonged age-related chronic diseases in developing as well as developed countries and inclining medical budgets are expected to spur the home healthcare market.
The report is spread in over 45 pages and provides an in-depth research and rational analysis of the current status and future prospect of the Global Wearable Medical Device Industry. The report provides a clear picture of the technology, factors driving the industry growth, and challenges faced by the industry. In addition to this, the study includes merger & acquisition deals that have occurred during past two years. The report further highlights market segmentation of the industry by types of products, applications and geography. With special emphasis on the competitive landscape and dominant players in the market, the research provides valuable information to the investors who are looking to enter into this market.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM754.htm
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.