The Top 5 Players In Wearable Medical Device Technology
A major development in the wearable technology and devices market is quickly becoming popular. According to a research report conducted by Transparency Market Research indicates that the wearable devices market, or the remote patient monitoring devices market, is anticipated to reach US$0.98 billion by the end of 2020. This represents a growth of 14.2% CAGR rate. Top players are Biotricity Inc., Abbott Laboratories, Apple, Alphabet, Business Machines Corp.
Remote patient monitoring is the latest innovation in the healthcare industry, as it allows patients to keep a check on their own conditions, eliminating the need for repeated visits to the physician's office. The precision of such devices have the potential to improve diagnosis, and a more customized treatment or post-treatment recuperative plan. The most significant growth drivers for the markets are the growing role these devices will play in diagnosis and treatment plans of chronic diseases such as diabetes, arthritis, and osteoporosis.
Remote patient monitoring is the latest innovation in the healthcare industry, as it allows patients to keep a check on their own conditions, eliminating the need for repeated visits to the physician's office. The precision of such devices have the potential to improve diagnosis, and a more customized treatment or post-treatment recuperative plan. The most significant growth drivers for the markets are the growing role these devices will play in diagnosis and treatment plans of chronic diseases such as diabetes, arthritis, and osteoporosis.