Wearable Medical Device Market Size Worth USD 27.8 Billion By 2022

Global Wearable Medical Device Market is expected to reach USD 27.8 billion by 2022, according to a new report by Grand View Research, Inc. Rising prevalence of conditions such as obesity and hypertension, as a result of sedentary lifestyle is anticipated to boost the demand for wearable medical devices. Moreover, increasing health awareness is further expected to augment the demand for these devices.
Additionally, growing incidences of chronic conditions, such as diabetes, which require round-the-clock monitoring, are expected to increase the demand for wearable technology. Technological innovation is projected to be vital for growth of this industry over the forecast period. Smart watches, smart bands, and smart clothing are anticipated to be the key areas for development. Increasing penetration of smart cellular phones is expected to assist growth of this technology. However, patient privacy and security concerns along with complexity in engineering are expected to impede growth of the industry.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/wearable-medical-devices-market

Further key findings from the study suggest:

• Diagnostic wearable medical devices held substantial share in 2014 owing to increasing usage in remote patient monitoring as well as home healthcare
• Therapeutic wearable devices are anticipated to exhibit remunerative growth over the forecast period. Increasing penetration of products, such as insulin monitors, is assisting the growth of wearable equipment.
• Diagnostic devices such as vital sign monitors are expected to witness lucrative growth over the forecast period. Rising incidences of chronic diseases are expected to boost the demand for this equipment.
• Wearable medical devices have applications in sports & fitness monitoring, home healthcare, and remote patient monitoring. Home healthcare held significant shares of around 50.0% in 2014. Simplified usage of this equipment along with ability to synchronize with cellular phones as well as tablet devices assisted the growth of this segment.
• On the contrary, remote patient monitoring is projected to exhibit growth rate of over 25.00% in the next seven years. Increasing geriatric population base coupled with demand for continuous monitoring is expected to fuel the growth.
• Strap/clip/bracelet or watches held substantial shares of around 40.0% in 2014, and is expected to grow at a lucrative rate over the forecast period. Simplified engineering, aesthetically appealing products, and synchronization with mobile application are anticipated to drive this segment’s growth.
• North America dominated the overall market with approximately 40.0% of shares. This can be attributed to increasing per capita income as well as rising healthcare spending, and advanced healthcare infrastructure and presence of OEM in this region.
• Asia Pacific is projected to grow with a rapid rate of around 32.0% over the forecast period. Economic development coupled with improving healthcare systems is expected to help the industry grow in this region.
• Key companies of the wearable medical devices industry include Fitbit Inc., Garmin, Vital Connect, Omron Corp., Sotera Wireless, Jawbone, Pebble Technology Corp., Basis Science, Inc., Withings, Intelesens Ltd., Covidien Plc, LifeWatch AG, Polar Electro, Philips Electronics, and Everist Genomics 

Browse All Reports of this category @ http://www.grandviewresearch.com/industry/medical-devices

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:

Sherry James

Corporate Sales Specialist, U.S.A.

Grand View Research, Inc.

United States           

Phone:  1-415-349-0058

Toll Free:  1-888-202-9519

Email:  sales@grandviewresearch.com 

Website:  Grand View Research                          

Blog Site: http://www.divog.org/

Artificial Organ And Bionics Market Is Likely To Grow At A CAGR Of 9.3% From 2014 To 2020

The global market for artificial organ and bionics is expected to reach USD 38.75 billion by 2020 at an estimated CAGR of 9.3% from 2014 to 2020, according to a new study by Grand View Research, Inc. Increasing prevalence of acute renal failure and renal disorders due to lifestyle habits such as excessive alcohol consumption and growing geriatric population base causing a rise in organ failure rates is expected to serve this market as a high impact rendering driver. In addition, growing incidence rates of accidents is expected to boost the demand for organ transplants, thus increasing demand for artificial organ. Artificial kidney dominated the global market in 2013, with revenue estimated at over USD 12.21 billion; demand is expected grow due to the increasing chronic kidney patients. Artificial liver is the fastest growing market segment, at an estimated CAGR of 11.0% from 2014 to 2020.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/artificial-organ-and-bionics

Further key findings from the study suggest:

• Brain bionics in the medical bionics market held the largest share of revenue for the year 2013 and the market is expected to grow at an estimated CAGR of 40.0%.The presence of high unmet medical needs in neurology disease segment coupled with expensive treatment procedures is expected to drive the market for brain bionics. Exoskeleton is the fastest growing segment and is expected to grow at a CAGR of 16.0% from 2014 to 2020.

• North America was the largest regional market in 2013, accounting for over 42.0% of global revenue due to the increasing population and awareness among the patients and the players.

• Asia Pacific is the fastest growing market and is expected to grow at a CAGR of 11.0% from 2014 to 2020 on account of rising demand due to the improvement in healthcare facilities, medical tourism and others.Increasing income levels and healthcare expenditure is expected to interest of the players’ in the emerging markets.

• Key industry participants include Abiomed Inc., Asahi Kasei Kuraray Medical Co. Ltd., Thoratec Corporation, WorldHeart Corp., Gambro AB and others.

Browse All Reports of this category @ http://www.grandviewresearch.com/industry/healthcare-it

Healthcare Nanotechnology Market Is Expected To Grow At A CAGR Of 14.0% From 2014 To 2020

The global market for healthcare nanotechnology is expected to reach USD 196.02 billion by 2020 growing at a CAGR of 12.1%, according to a new study by Grand View Research, Inc. Increasing susceptibility of patients towards chronic diseases such as cardiovascular, neurological, oncology and respiratory diseases coupled with increasing R&D spending opening new application avenues is expected to drive market growth over the next six years. Other drivers of this market include increasing government and private sector R&D aid and new players entering the market to bridge the gap between supply and demand.

Clinical oncology nanotechnology applications dominated the overall market in 2013, accounting for 35% of total market revenue. Higher efficacy of nanomaterials and the ability of engineered nanoparticles to cross through the blood brain barrier provides platform for groundbreaking innovations through R&D in the field of cancer therapy and serves this market as a high impact rendering driver.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/healthcare-nanotechology

Further key findings from the study suggest:

• North America was the largest regional market in 2013, accounting for over 38% of global revenue on account of the extensive investments in research and development of innovative cancer therapies.

• Asia Pacific owing to its improving healthcare infrastructure and healthcare R&D spending is expected to grow at the highest CAGR of over 14.0% from 2014 to 2020. Moreover, emerging markets such as China and India hold a large amount of untapped opportunities and are therefore expected to fuel future market growth.

• Cardiovascular applications are expected to be the fastest growing segment for this market, owing to the growing global prevalence of cardiovascular diseases.

Browse All Reports of this category @ http://www.grandviewresearch.com/industry/biotechnology

For the purpose of this study, Grand View Research has segmented the global healthcare nanotechnology market on the basis of fields of application and region:
Healthcare Nanotechnology Application Outlook
            • Drug delivery Systems
            • Molecular Diagnostics
            • Clinical Oncology
            • Clinical Neurology
            • Clinical Cardiology
            • Anti-inflammatory and Anti-infective applications
Healthcare Nanotechnology Regional Outlook
            • North America
            • Europe
            • Asia Pacific
            • RoW

pH Meters Market To Represent US$1,951.2 Million Opportunity Globally By 2022

Global pH meters market is expected to reach nearly USD 1,951.2 million by 2022 according to a new report by Grand View Research Inc. Key factors attributing to the market growth are introduction of technologically advanced portable and bench top pH meters, growing concerns to monitor environmental pollution and the need to regulate pH levels in various consumable products. 

Increasing demand for quality control and routine testing of soil, water, food, beverage, and dairy products is driving the use of new generation pH meters with multi-parameter analysis. The new devices are improving the efficiency, accuracy, ease of usage, and cost-effectiveness, which are expected to serve as high-impact rendering drivers over the forecast period. 

Increasing awareness regarding the need to regulate waste water pH in industries such as chemicals, pharmaceuticals, food processing, and other end use sectors is a key factor boosting the usage rates. pH neutralization of the waste water discharged from these industries is critical to prevent corrosion of sewage pipes and prevent leakage of harmful substances in to the land and other water bodies. 

Furthermore, growing awareness about soil pH and its impact on plant nutrient absorption is a key factor boosting the soil pH analysis. Maintaining the appropriate ratio of nitrogen, phosphorous, and potassium (N-P-K) in the soil plays an important role in improving the product yield, quality, and also improves resistance to various diseases. The shift towards scientific agricultural practices and growing demand for organic farming, soil testing, irrigational water testing, are some the key factors expected to positively reinforce market growth over the forecast period. 

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/ph-meter-market

North America pH Meters Market by Type, 2014, (USD Million)

 

Further key findings from the study suggest:

·         In 2014, bench top pH meters were the largest segment accounting for nearly 57% of the market. Bench top pH meters are widely used in different industries, research labs and commercial testing centers owing to their advanced features, ease of operation, durability of the sensors, and accuracy.

·         Portable pH meters are expected to be the fastest growing segment over the forecast period. Low cost of these devices, high accuracy and ability to monitor pH of samples at any location are major factors expected to boost the usage rates in the next seven years.

·         In 2014, Europe dominated the overall pH meters market with nearly 34% share. Some key factors attributed to the high share are presence of stringent environmental regulations, awareness about scientific agricultural, food and beverage manufacturing practices.

·         However, Asia Pacific is expected to the fastest growing with a CAGR of 7.9% over the forecast period. The shift from traditional agricultural practices to scientific and organic farming, increasing emphasis on managing waste water discharge, and increasing demand from academic, food processing, beverages and other end use industries are key factors expected to reinforce the market growth over the forecast period.

·         The market is witnessing high competition due to the presence of a large number of small and medium scale manufacturers catering to regional demand. Key market players include Thermo Fisher Scientific, Danaher Corporation, Mettler Toledo, Metrohm USA, Hanna Instruments, Agilent Technologies, and Perkin Elmer. 

Browse All Reports of this category @ http://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the pH meters market on the basis of product, end-use and region:
pH Meter Market Product Outlook, by Revenue (USD Million, 2015 – 2022)

·         Bench top pH meters

·         Portable pH meters

·         Continuous pH meters

pH Meter Market End-Use Outlook, by Revenue (USD Million, 2015 – 2022)

·         Pharmaceuticals and Biotechnology

·         Environmental Research and Pollution Control

·         Food Science

·         Others

pH Meter Market Regional Outlook, by Revenue (USD Million, 2015 – 2022)

·         North America Product Outlook by Revenue (USD Million), 2012 – 2022

·         U.S.

·         Canada

·         Europe Product Outlook by Revenue (USD Million), 2012 – 2022

·         Germany

·         UK

·         France

·         Asia Pacific Product Outlook by Revenue (USD Million), 2012 – 2022

·         Japan

·         China 

·         India

·         Latin America Product Outlook by Revenue (USD Million), 2012 – 2022

·         Brazil

·         Mexico

·         MEA Product Outlook by Revenue (USD Million), 2012 – 2022

·         South Africa