Saturday, April 16, 2016

Wearable Medical Device – Applications in wearable device


Wearable Medical Device – Applications
Marketing Articles | May 15, 2015
Wearable medical device are device with sensors attached to the body that detect and monitor changes in body signatures of various areas and organs. The market is driven by factors such as large nu...

Wearable medical device are device with sensors attached to the body that detect and monitor changes in body signatures of various areas and organs.

The market is driven by factors such as large number of innovators & new technologies being introduced into the market increase in the incidence of chronic & diabetic patients, emerging economies presence, increase in per capita income thereby larger disposable income availability and the ease of use and interpretation offered by the device.

However, expensive instruments and reimbursement issues are hindering the growth of the wearable medical device market.

The Global Wearable device market can be segmented on the basis of Diagnostics, Therapeutics, Applications and Geography. Geographically, the market is segmented into North America, Europe, Asia Pacific, Middle East, Africa and South America.
Coming to the applications segment of the wearable device market, the market can be segmented into categories such as Sports & Fitness, Remote Patient Monitoring and Home Healthcare. Currently, Remote patient monitoring segment of the applications market is the largest in the world. Patient monitoring systems with advanced features, especially wireless or remote capability are among the fastest growing medical device. The aging population and the associated increases in diseases such as congestive heart disease and diabetes as well as the cost of treating those conditions is driving sales of these device. Use of new patient monitoring technologies can result in a need for fewer personnel, increased coverage by existing personnel and a reduction in errors and are expected to lead to better patient care and the recognition of serious health problems before they become an issue.

It is followed by the likes of Home Healthcare which is the 2nd largest segment of the application sector. This can be attributed to the increase in the aging population and the ease of use offered by the device which does not require expertise in handling the device and can be used by the layman. This is one of the prime reasons, the Global Wearable device market is on the rise. Recent technological advances have been instrumental in the development of Sports & Fitness sector. New device which can monitor the fitness level, heart beat rate and other various applications have been helpful in the reshaping of the Sports industry. This might well be growing at a rapid rate in the future.

The major players in the market currently are Apple, Google, Microsoft, Acer, LG, Basis Science, Corventis, Draeger, Everist Genomics, Intelesens, LifeWatch AG, Nuubo, Omron Corporation, PhillipsFeature Articles, and Zephyr Technology Corporation.


Source: Free Articles from ArticlesFactory.com

As Wearable Device Market Grows, SIM Card Shipments to Rise by 2020

Some 5.6 billion SIM cards will ship globally by 2020, up from 5.4 billion that shipped in 2015, according to a new report.
Even as smartphone sales slow in some markets around the world, global SIM card shipments will continue to rise through 2020, fueled by increases in the number of wearable device that will be sold by electronics makers, according to a forecast from research firm IHS Technology.SIM card shipments are expected to hit 5.6 billion in 2020, up from 5.4 billion in 2015, due to their use in many wearables, said the report, which was announced on April 13. More SIM cards will ship as smartwatches, health bands, smart glasses, smart clothes and other products increase their sales in the marketplace, presenting a growth area for smart-card suppliers and mobile network operators, according to the forecast.
"There is an interesting move toward wearable device as companions to smartphones and other mobile device, such as smartwatches, health bands, glasses and smart clothes, which present a growth area for smart-card suppliers and mobile network operators," Don Tait, senior analyst for IHS Technology, said in a statement. "The rising number of these device in the market is an opportunity for operators and card suppliers to increase SIM penetration for both pluggable and embedded form factors."Wearable device that use SIM cards "have the potential to increase mobile network operator (MNO) subscribers, leading to more addressable device for SIM management and increased revenue streams," the report continues. "Companion device are expected to spur growth in the SIM card market from 2015 to 2020, according to the IHS Digital Security Intelligence Service."Sales channels and products are expected to evolve and change from 2015 to 2020 as Apple, Samsung and other companies change their business dynamics and models, the report continued.
"The traditional SIM card market is not likely to implode any time soon, because there are still a lot of legacy solutions that need to be catered to; however, if and when manufacturers start changing their business models, we can expect a greater impact on the market," he said. One change that is expected over the next few years is that embedded SIM cards (eSIMs) will likely make their way into more smartphones in the future, the report states. "In 2015, there were no eSIMs in smartphones with telecom functionality; however, eSIM will be driven by the Groupe Spéciale Mobile Association (GSMA)" in the near future. "These new smartphone models are more likely to include dual-mode SIM, which is a phone with an eSIM card and a removable SIM card. Cellular handsets will not rely solely on embedded SIMs because of latency issues that need to be backward compatible."Throughout the marketplace, handsets are replaced much more often than SIM cards, which can typically be transferred to a new phone or device. "Should the market move toward an embedded model, the replacement rate of SIMs would trend toward that of handsets, reducing the SIM card market size," the report concludes. "However, during the initial introduction of eSIM cards in handsets, companies are more likely to follow a dual SIM strategy (i.e. having an eSIM and a removable SIM card in a smartphone)."To safely approach the future of the market in the next few years, smartphone makers should include an eSIM and a removable SIM card in their upcoming device so they can "test the market, similar to what was done with the advent of mobile payments," according to the report. "At the time, it was not clear if the SIM or the embedded secure element would be the solution of choice for mobile payments, so Samsung and other OEMs went all-in with a dual strategy and offered both" technologies."This strategy demonstrates the opportunities that arise with targeting the largest total available market possible and not to vex potential customers with a strategy that is too rigid," said Tait. "The SIM card industry will follow a dual SIM strategy." 

Wearable Medical Device Market - Large Number of Innovators and Early Adopters Boost Market

Albany, NY -- (SBWIRE) -- 04/15/2016 -- The global wearable medical device market research report offers a detailed view of the market through various analyses based on prior market readings, measurements of current market feeds, and forecasts for the period between 2013 and 2019. Key revenue and market value figures of the global wearable medical device market are provided in US$.
Analysis in the report links the macro as well as micro changes that have occurred in the global wearable medical device market so far, along with an elaboration on the current market trends and influences. The report prepares a clear picture of the global wearable medical device market's competitive landscape for a user to be completely acquainted with the global wearable medical device market in order to perform feasible strategic maneuvers.
Read Complete Report @ http://www.mrrse.com/wearable-medical-device
The research methods used to evaluate the global wearable medical device market are primary and secondary. Primary research methodologies occupy the bulk of the overall research efforts, still keeping all secondary avenues as descriptive and conclusive as possible. The report incorporates varied product literature and content obtained from top companies. It also contains data derived from public reports of the companies' annual financial releases, press releases, and other important avenues of information that broaden the understanding of the global wearable medical device market. Secondary research includes data derived from external sources with a vested interest in the wearable medical device market, such as statistical sources from government agencies and the latest activities and trade data in the global wearable medical device market.
The report also presents forecasts for the global wearable medical device market using industrially recognized methods, including Porter's five force analysis and industry SWOT analysis. Key regions discussed in the global wearable medical device market report are North America, Europe, Asia Pacific, and the Rest of the World.
Read Full Table of Content @ http://www.mrrse.com/wearable-medical-device/toc
Overview of the Global Wearable Medical Device Market
The global wearable medical device market is being propelled at a CAGR of 16.40% within the forecast period from 2013 to 2019. The market was recorded at US$5.8 bn in 2012 and is expected to reach US$5.80 bn by the end of 2019. The primary growth driver of the global wearable medical device market is the rising individual disposable incomes across the world and the increasing adoption of new technology for fitness purposes. North America led the global wearable medical device market in 2012 with a 44% share, while Asia Pacific shows promise with the fastest CAGR of over 18% from 2013 to 2019. The high expected growth rate is attributed specifically to the rapidly developing economies of China and India.
North America possesses the largest number of research facilities, coupled with the highest number of developers in the global wearable medical device market. This coincides with the high demand displayed by the region, attributed to an increasing drive for fitness as well as the increasing number of people afflicted by chronic illnesses.
The global wearable medical device market could grow even faster if the R&D potential of Asia Pacific were to be harnessed. With a growing number of investors willing to buy into the global wearable medical device market, more companies could establish labs and development centers in the region.
Request a Free Sample Copy of the Report @ http://www.mrrse.com/sample/1048
Companies mentioned in the research report
The key players in the global wearable medical device market are Polar Electro, Intelesens Ltd., Philips Electronics, Nuubo, LifeWatch AG, Coventis, Inc., Everist Genomics, Inc., Basis Science, Inc., Withings, Omron Corporation, Zephyr Technology Corporation, and Fitbit, Inc.
The recent activity in the global wearable medical device market shows a promising growth curve, with companies such as Fitbit Inc. moving up, while investors sell off their shares following steady guidance. The global wearable medical device market is expected to be reinvigorated by the incoming wave of smartwatches that will contain apps and connectivity options similar to what the global wearable medical device market has to offer.
About MRRSEMRRSE stands for Market Research Reports Search Engine, the largest online catalog of latest market research reports based on industries, companies, and countries. MRRSE sources thousands of industry reports, market statistics, and company profiles from trusted entities and makes them available at a click. Besides well-known private publishers, the reports featured on MRRSE typically come from national statistics agencies, investment agencies, leading media houses, trade unions, governments, and embassies.

More Research Reports Database @ http://www.mrrse.com/

No comments: