Wearable Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023 According to TMR, the large number of regional players makes for a highly competitive landscape. Smaller players are constantly pushing innovative boundaries in order to gain market share, while the larger names enjoy a greater amount of consumers’ trust and have a strong distribution chain. High Innovation Rate and Growing Patient Pool Drive Wearable Medical Devices Sales “The two key drivers that players in the wearable medical devices can latch on to are the giant scope of innovation and the growing number of people that need these devices,” states a TMR expert. “Market penetration is, however, easier said than done, due to the large number of players that already exist on regional and global scales. But despite these numbers, the right kind of innovative effort can bring about major success for new entrants in wearable medical devices.” Companies are generally providing devices for two types of customers. The first is the wealthy, tech-savvy consumer who is highly conscious about his/her health, and the second type comes from a lower economic bracket and is looking for cheaper
Global Wearable Medical Devices Market to Reach US$10.7 bn by 2023
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