What's Driving the Wearable Medical Device Market?

The industry is expected to reach a valuation of $27.8 billion by 2022.

Michelle Maskaly

Feb 9th, 2016

A new report shows that the global wearable medical device is expected to grow to $27.8 billion by 2022.

But, what's driving this growth?

Experts in the Grand View Research report say it's rising conditions such as obesity and hypertension. In addition, growing incidences of chronic conditions, such as diabetes, which require round-the-clock monitoring, are expected to increase the demand for wearable technology.

Smart watches, smart bands and smart clothing are anticipated to be the key areas for development, as well as the demand for doctors to be able to monitor patient conditions remotely.

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