According to a new market research report on the wireless portable medical device market, published by MarketsandMarkets, the sector is expected to grow from $1.5 Billion in 2013 to $2.83 Billion in 2020.
With a gradual increase in urbanisation and healthcare facilities, the need for wireless portable medical devices is also expected to grow proportionately to be able to support this growth. Developing countries such as India and China are fueling the growth of the medical sector; hence, the wireless portable medical devices market is boosting the overall healthcare sector.
The market is expected to benefit from emerging market investments that are lifting the standards of healthcare, while the developed market is expected to continue investing in more efficient medical electronic devices, systems and procedures, which offer better and personalized healthcare. An increase in lifestyle diseases continuously pushes patients for medical monitoring to get their health status to avoid any health related contingencies; medical devices such as cardiac monitors and hemodynamic monitors are continuously gaining market share in the wireless portable medical device applications.
The report's segmentation by technology, component, application, and geography cover the existing and emerging technologies in the wireless portable medical device market. This report covers sensors including temperature sensor, blood glucose sensor, blood oxygen sensor, ECG sensor, image sensor, flow sensor, heart rate sensor, inertial sensor, pressure sensor, level sensor, and position sensor. It also covers all the major applications of the wireless portable medical devices market such as monitoring, medical therapeutics, diagnosis, and fitness and wellness with qualitative as well as quantitative industry insights.