The global market for wearable medical devices is expected to grow at a CAGR of 18.5%, from an estimated $5.5 billion in 2017 to $14.6 billion in 2023, according to a report by Reuters.
Factors such as technological advances in medical devices, increasing penetration of smartphones and growing number of smartphone-based healthcare apps compatible with wearable devices, growing preference for wireless connectivity among healthcare providers, and increasing awareness about physical fitness are driving the growth of this market.
In this issue of ParolaNEWS, we take a look at the patent landscape of Wearable Medical Devices from 2008-2017.
