PUBLISHER: Grand View Research | PRODUCT CODE: 1446534
PUBLISHER: Grand View Research | PRODUCT CODE: 1446534
The UK wearable medical devices market is anticipated to reach USD 6.25 billion by 2030 and is anticipated to expand at a CAGR of 26.3% during the forecast period, according to a new report by Grand View Research, Inc. The continuous research and innovation, increase in the usage of remote patient monitoring and home healthcare is anticipated to contribute to the market growth. Moreover, significant opportunities held by technological advancements, mergers and acquisitions, increased focus on fitness and healthy lifestyle contribute to propel the market scope.
Concerns about the increasing rates of death and the frequency of chronic illnesses are driving healthcare practitioners to prioritize individualized treatment, especially via ongoing remote patient monitoring. Due to its many benefits, wearable medical devices-which may be worn continuously without interfering with daily activities are becoming more popular. An increase in the demand for these devices is anticipated over the projected period.
Furthermore, the development of smaller and powerful sensors and processors has made it possible to create wearable medical devices that are more accurate and affordable. This has led to a proliferation of new devices and applications, many of which are still in the experimental phase but hold great promise for the future of healthcare.