Global Wearable Technologies Market and Applications, Opportunities, Industry Analysis, Segmentation, Size, Growth, Share, Overview, Trends and Forecast 2014-2020

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Jan 20, 2015, 01:33 ET

NEW YORK, Jan. 20, 2015 /PRNewswire/ -- Wearable Technologies are smart devices that can be worn on the user's body and have advanced functions such as wireless connectivity, self processing capability, and analytics and so on. Wearable Technologies have variety of applications which include healthcare & medical, fitness & wellness, industrial & military, and infotainment. Major drivers for the growth of wearable technologies market are demand for portable devices, demand for real time data analytics and so on. Moreover these devices are also used as a style statement among the young population, globally. Also, development in big data technologies such as cloud computing and Hadoop also support the growth of these smart devices.

This report focuses on Wearable Technologies in healthcare. Most of the wearable devices developed till date are concentrated around healthcare and wellness products. Major applications of wearable devices in healthcare include BP Monitors, CGM Devices, Smart Glasses, PERS, Insulin Pumps, ECG Monitors and so on. Increasing life expectancy rates and growing demand for preventive and long-term care are the major drivers for the growth of wearable technologies healthcare market. Data privacy and data traffic management is a challenge for the market. Major players in the Wearable Technologies healthcare market include Medtronic, Dexcom, Abbot, Bio devices, Cardiac Science.

This Occams report discusses the wearable technologies healthcare market on the basis of applications (BP Monitors, CGM devices, Smart Glasses, PERS, Insulin Pumps, ECG Monitors and others) and on the basis of geography (North America, Europe, Asia Pacific and RoW). North America has the largest market share (about 45%) among all geographies due to high adoption rate of new technologies and excellent consumer awareness.

Wearable Technologies are the smart devices that can be worn out on the user's body and are provided with advanced functions such as wireless connectivity, self processing capability, and analytics and so on. Wearable Technology has a variety of applications which includes healthcare & medical, fitness & wellness, industrial & military, and infotainment. The major drivers for the growth of wearable technology market are the demand for portable devices, demand for real time data analytics and so on. Moreover these devices are taken as a style statement among the youth population. Also development in big data technologies such as cloud computing and Hadoop are also supporting the growth of smart devices.

The report focuses on the Wearable Technology in healthcare. Most of the wearable devices developed till date is concentrated around healthcare and wellness products. The major applications of wearable devices in healthcare include BP Monitors, CGM devices, Smart Glasses, PERS, Insulin Pumps, ECG Monitors and so on. The increasing life expectancy rates and the growing demand for preventive and long term care are the major drivers for the growth of wearable technology healthcare market. Data privacy and data traffic management is a challenge for the market. The major players in the Wearable technology healthcare market are Medtronic, Dexcom, Abbot, Bio devices, Cardiac Science and so on.

The report discusses the wearable technology healthcare market segmentation on the basis of applications (BP Monitors, CGM devices, Smart Glasses, PERS, Insulin Pumps, ECG Monitors and others). On the basis of geography North America, Europe, Asia Pacific and RoW are the major segments. North America has the largest market share (about 45%) among all geographies due to high adoption rate of new technology and excellent consumer awareness are the major drivers for North America market.

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