Going to be interesting to see what happens here name change and new business into the $11 billion wearable market. check out the industry estimates on this upcoming market. study release last week by transparancy market research show market will be $11 billion by 2023.
see you at the new company and some are hoping a new stock price sometimes these stocks run with a name change.
From the report
Over the past few years, leading players in the global medical devices market have been introducing new medical equipment made with the cutting-edge technology. Wireless communication has become an integral part of latest medical devices. The integration of wireless technology in medical devices has assisted remote patient monitoring and timely treatment. Wearable medical devices consist of one or more sensors and can be attached to different body parts such as the feet, arms, head, and waist.
Factors such as the ease of use of wearable medical devices, increasing affluence in emerging economies, expanding per capita income, and the increasing pool of diabetics are predicted to propel the global wearable medical devices market in the years to come. The global wearable medical devices market is expected to progress from US$2.73 bn in 2014 to US$10.7 bn by 2023, predicted to progress at a 16.40% CAGR from 2015 to 2023 owing to the rising aging population, the increasing incidence of chronic pain, and the advancements in medical devices. However, factors such as the high cost of new wearable medical devices and lack of reimbursement policies for wearable devices are expected to hamper the growth of the global wearable medical devices market in the near future.
