ALBANY, N.Y. - According to a new market report published by Transparency Market Research, the global wearable medical devices market is projected to expand at a high compound annual growth rate of 16.4 % from 2015 to 2023 to reach $10.7 billion in 2023.
Rise in chronic diseases and need for advanced treatment, increase in awareness about health and large number of innovators and early adopters ensuring faster market penetration are likely to fuel the growth of this market in the near future, Transparency noted.