Wearable Medical Devices Market to Register Incremental Sales Opportunity During 2023-28 The wearable medical devices market was estimated at USD 26.6 billion in 2022 and is likely to grow at a CAGR of 23.7% during 2023-2028 to reach USD 95.4 billion in 2028. Wearable healthcare technology refers to devices that are worn on the body to monitor one’s health. These devices use biosensors to collect different insights from a body, such as pulse, heart rate, blood pressure, sleep patterns, and more. The demand for global wearable medical devices is expected to grow rapidly owing to many reasons. Below mentioned are a few - Increasing prevalence of noncommunicable diseases – Wearable devices can be used to monitor several vitals and physiological parameters which help in managing chronic noncommunicable diseases (NCDs) such as heart diseases, diabetes, etc. The global prevalence of NCDs like cardiovascular disease, diabetes, etc. is the primary reason for the deaths of more than 40 million people each year, equivalent to 74% of deaths globally states WHO. Certain targets are being set to reduce the risk of deaths caused by NCDs. Growing geriatric population – According to WHO, the world’s population aged 60 years and above will almost double to reach 2.1 billion by 2050, from 1.4 billion in 2020. The global population is aging, and aging brings a lot of challenges like chronic diseases. A number of senior citizens prefer staying back at home rather than visiting hospitals, which calls for wearable medical devices to monitor and track health records. Read More: https://stratviewresearch.medium.com/wearable-medical-devices-market-to-grow-at-a-robust-pace-during-2021-2026-4f19e55b3310