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- Listed: August 31, 2018 9:27 am
- Expires: 13 days, 8 hours
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Regional Analysis –
North America dominates the market with highest market share due to high healthcare expenditure, presence of top key players and increased prevalence of chronic diseases. Nearly 30 million Americans are now living with diabetes, and another 86 million have prediabetes, a higher-than-normal blood sugar level that can lead to diabetes. This leads to the demand of automated and self-monitoring healthcare devices. Europe is a second largest market for Wearable Medical Devices and it is growing due to the large population of diabetic patients. The statistics of “Health at a Glance : Europe” estimates that in 2016the premature deaths of 550,000 working-age people across European Union countries from chronic diseases, included heart attacks, strokes, diabetes and cancer.Asia Pacific Wearable Medical Devices Market is witnessed with strong growth ratemajorly dueincreasing expenditure on healthcare, economic growth, huge population base, increasing prevalence of diseases, changing lifestyle and growing awareness on wellness and fitness.
According to BrandEssence market research analyst, the Wearable Medical Devices Market is valued at
USD approximately 6.58 Billion in 2017 and is evaluated to achieve USD around 25.46 Billion before the
finish of 2024, developing at a CAGR of about 21.32 % in the vicinity of 2018 and Forecasting 2024.
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