Mike Bolduc, global marketing manager at C&K, once stated that since the market growth in terms ofwearable medical devices wholesale reached $4 billion in 2017, it is expected to increase by 35 percent by 2019. Shane Walker, the principal analyst of digital health and wearable technologies at research firm HIS guaranteed that the wearable medical devices manufacturer would reach 170 million unit shipments this year by driving $20 billion in global manufacturer sales.
What makes wearable medical devices so special? Medical wearables are more impactful compared to other consumer goods since they integrate health and fitness gadgets such as smartwatches and activity trackers into medical applications. They are small, portable and can be used any time in any place such as homes, working places, hospitals etc. They are user-friendly and provide continuous real-time personalized information about blood pressure, temperature, pulse rate and BMI, outside a hospital. With the help of wearable medical devices, a continuous watch is possible for the patients who are affected by chronic diseases and lifestyle style changes. Hence, these wearable medical devices have positively influenced the market growth especially in India and China and have instigated a new trend.
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