When it comes to the latest model and innovation, mobile phones and laptops are not the only electronic gadgets tech-savvies look forward to nowadays. Medical devices are also seen to become a trend 3 to 5 years from now. Because of this, technology experts and even the supportive consumers have become more excited to see the impact of the popularity of workout monitor, specifically on the outlook of wearable medical devices.
Last year, PR Newswire reported that "fitness monitors segment accounted for over 25% of wearable devices market share" and is predicted to observe a remarkable growth by 2025. Activity monitoring devices help a person keep track of his fitness-related metrics, which include heartbeat, walking distance, sleep, and calorie consumption.
The Medical Devices Expected Growth by 2025?
An inactive lifestyle can result in health conditions like obesity and other more severe illnesses. Because of this, more and more people have chosen to live a healthier lifestyle. They engage in various physical activities, enroll at the gym, or join a sports competition to stay healthy and fit.
This is the reason as well why wearable devices have become bestsellers in the market today. The fitness enthusiasts buy the said medical and fitness devices so they can guarantee they are getting the right number of steps, calorie consumption, and hours of sleep every day. The growing number of activity-monitoring devices segment is expected to simultaneously increase and expand the wearable medical devices market by 2025.
The wearable devices industry forecast report predicts that the worldwide revenue of the market is slated to surpass $87 billion by the year 2025. After developing as one of the most profitable niche verticals in medical services and healthcare sectors around the world, a lot of medical device makers have started to include wearable devices in the next line of products they are introducing.
Positive Health Impacts
The innovation of wearable devices and the growing consumer demand have influenced the medical market, which includes the providers, insurers, and technology companies to develop more devices the consumers can wear. These health and fitness products include smartwatches, FitBits, and wearable monitors, among others.
Among the most original and simplest forms of wearable devices are wearable fitness monitors or trackers, which are also the most frequently bought gadgets. They are wristbands that have sensors that function as physical-activity and heart-rate tracker.
More than their popularity and market share in the health industry, which makes these wearable devices bestselling products, are their positive health impacts. A notable increase has been recorded in the number of people with diabetes from the previous years. Indeed, this increase and the innovation for diabetic care are expected to fuel the employment of diabetic care gadgets and, thus, drive the expansion of the wearable device market size by 2025.