“The lucrative market draws attractive investments from leading IT companies”, says RNCOS.

Noida, UP -- (SBWire) -- 09/14/2015 --According to a new research report by RNCOS entitled, "Global Wearable Medical Device Market Outlook 2020", by observing the growing demand, several IT companies are hopping into the medical device market. Renowned players like Google, Samsung, Apple, IBM etc. are incorporating health IT features into the wearable devices. Be it eyewear, smart watches or smartphones; companies are opening digital doors for wearable medical devices sector. Through such efforts, patients are able to transmit biometric data via wireless network. Eventually, the tech players are thinking about these devices in a much more rigorous way, that they are collaborating with health players in providing a digital switch to the existing monitoring tools. The so-called 'smart devices' are integrated with common monitoring parameters such as blood pressure, blood glucose, and pulse rate. A clinical consultant can monitor complete health information of a patient though their cell phone or other devices.

In one of such developments, a group of Apple executives have met recently with the US Food and Drug Administration to discuss mobile medical applications. The company is under process to develop a smart watch with health IT functions and has hired staff with backgrounds in medical sensor technology. The company is developing a smart watch which will be incorporated with glucose monitoring feature. The company is also on the verge to launch new software, where users will have the possibility to test their DNA. It is developing the respective software with United States researchers. Currently, the designed software is under the trial by researchers to track symptoms of Parkinson's disease. Similarly, Samsung has developed a health-focused Wristwatch, 'Gear S'. It is the first Samsung smart watch with built-in 3G connectivity. The watch features built-in accelerometer, gyroscope, compass, heart rate monitor, ambient light & UV sensors, and a barometer. The heart rate monitor and accelerometer can be of used for monitoring elderly or patients requiring emergency medical care.

The report is spread in over 45 pages and provides an in-depth research and rational analysis of the current status and future prospect of the Global Wearable Medical Device Industry. The report provides a clear picture of the technology, factors driving the industry growth, and challenges faced by the industry. In addition to this, the study includes mergers & acquisition deals that have occurred during past two years. The report further highlights market segmentation of the industry by types of products, applications and geography. With special emphasis on competitive landscape and dominant players in the market, the research provides valuable information to the investors who are looking to enter in this market.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM754.htm

Check Related REPORTS on: http://www.rncos.com/Healthcare_Industry.htm

About RNCOS
RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.