Latest Industry Updates
Being a competitive market, a number of different manufacturer are focusing on the product
launch, and acquisition for the market development. Some of the latest development in the
market are-
March 2017, Breg, Inc., manufactures and markets sports medicine products and services
for orthopedic patient care. The company also offers workflow management software for
durable medical equipment, prosthetics, orthotics, and supplies. The company launched
Breg Flex the first mobile health solutuion design to facilitate and improve patients’ at-home
recovery following orthopedic surgery
Oct 2014, Medtronic Inc. announced the U.S. launch of the SEEQ Mobile Cardiac Telemetry
(MCT) System, which is used in the monitoring of the cardiac diseases. Additionally, in June
2014, the company has completed the acquisition of Corventis Inc.
March 2017, PAREXEL International Corporation, a leading global biopharmaceutical
services provider, announced the launch of patient sensor solution to transform clinical trial
data collection.
Regional Analysis
regionally, the global wearable sensors devices market is segmented into: America, Europe,
Asia Pacific, and the Middle East & Africa.
The Americas holds a significant market share of the global market owing to the presence of
huge diabetic & obese population, and increasing prevalence of cardiovascular diseases.
According to the World Health Organization, in 2015, 9.3% of total America population is
suffering from diabetes. Additionally, during last few years there is a significant increase in
the adoption of the automation which has helped in the growth of the market. Europe
accounts for the second largest market in the globe due to a high patient population, high
healthcare expenditure and string government support for research & development. Asia
Pacific is expecting the fastest growth for the market owing to the presence of the huge
opportunity for the growth of the market and increasing diabetic population. The Middle East
& Africa holds the least share in the market owing to the presence of the poor economic
conditions Africa. Gulf nations: Saudi Arabia and the UAE drives the Middle East & African
market due to the well-developed healthcare sector and huge per capita income of the
people.
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Table of Contents
1 Research Scope and Methodology