New York, NY -- (SBWIRE) -- 04/02/2019 -- The global wearable healthcare/medical devices market is expected to reach USD 27.49 billion by 2026, according to a new report by Reports and Data. Increased adoption of smartphone based application for healthcare monitoring by individuals as well as healthcare providers is the key factor driving demand. Increasing incidence of diseases associated with heart, diabetes, obesity and hypertension is likely to increase the adoption of wearable in the coming years.

This report focuses on the global top players, covered are Fitbit, Philips, Garmin, Lifewatch, Medtronic, NeuroMetrix, Qardio and Omron, among others.

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Based on WHO statistics, the number of people with diabetes has risen from 108 million in 1980 to 422 million in 2014. Additionally, research has proven diabetes as a major cause of blindness, kidney failure, heart attacks, stroke and lower limb amputation. Adoption of wearable would help in bringing down the incidence as well as mortality associated with diabetes as people would be able to track their glucose levels. For instance: the continuous glucose monitors have witnessed an increased adoption by the diabetic patients. Along with keeping a track on glucose level, the patients are able to make informed choice about their diet and physical activities.

Market split by Product, can be divided into:
Fitness Trackers
Body Sensors
- Wearable Patches
- Wrist Devices
- Heart Straps
- Headbands
- Posture Monitors
- Movement Sensors
- Wearable Defibrillator
Smart Clothing
Smart Glasses
Wearable Camera
Others

Market split by Device, can be divided into:
- Diagnostic and Monitoring Devices
- Vital Signs Monitoring Devices
- Glucose Monitoring Devices
- Sleep Monitoring Devices
- Fetal Monitoring & Obstetric Devices
- Neuro-monitoring Devices
- Others

Market split by Therapeutics, can be divided into:
- Pain Management Devices
- Rehabilitation Devices
- Respiratory Therapy Devices
- Insulin Pumps
- Cardiac Devices
- Others

Market split by Application, can be divided into:
- Sports & Fitness
- Remote Patient Monitoring
- Home Healthcare
- Emergency Medical Care
- Others

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Knowing the trends influencing the Wearable Healthcare/Medical Devices industry performance
Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.

Our trend analysts look for the crucial connection between consumer trends, behaviour and values, to provide context for the sectors, demographics and global themes that matter to you.

Further key findings from the report suggest:
- Diagnostic and Monitoring Devices are expected to occupy a significant share of the overall market. Adoption of these devices can help in faster detection of diseases such as diabetes, hypertension and cancer. For instance: The iTBra, developed by Cyrcadia Health can help in detection of breast cancer. According to the World Cancer Research Fund, over 2 million new cases of breast cancer were registered in 2018. Belgium had the highest rate of breast cancer in women, followed by Luxembourg and Netherlands. Adoption of these breast patches could help in detection of cancer in even dense breast tissue. The dense breast tissues are four to six times more likely to develop tumors. Breast patches are expected to bring down the number of breast biopsies significantly in the forecast period.
- Asia Pacific market is forecasted to grow at a CAGR of 19.1 percent in the coming years. Rising incidence of cardiovascular disease in the region is a major factor influencing market growth. The number of deaths associated with heart diseases in the major countries of the region including China, Japan and India are significantly high. American Heart Association statistics reveal that South Asians have higher levels of triglycerides and "bad" cholesterol (LDL-C) and a lower level of (HDL-C) or "good" cholesterol. Moreover, in 2015, around 226 million people in China and 199 million in India reported hypertension or high blood pressure, one of the key risk factors indicating heart diseases.

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Key elements from table of content:
Chapter 10. Company Profiles
10.1. Fitbit
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Insights
10.1.4. Strategic Initiatives
10.2. Philips
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Insights
10.2.4. Strategic Initiatives
10.3. Garmin
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Insights
10.3.4. Strategic Initiatives
Continued….

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