Wearable Medical Devices Market to Witness Robust Growth by 2028 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. What are wearable medical devices? 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. COVID-19 IMPACT The covid-19 outbreak impacted the growth of the market positively. The demand for home healthcare devices increased significantly to monitor individual health at home as only essential services were allowed amid the covid-19 outbreak. The number of hospital visits except for coronavirus infection declined due to fear of the virus infection. Read More: https://www.stratviewresearch.com/1627/wearable-medical-devices-market.html

Caring for Patients at Home: A Growing Trend in the Healthcare Industry https://www.marketsandmarkets.com/Market-Reports/home-healthcare-equipment-market-696.html The global home healthcare market is projected to reach USD 340.2 billion by 2027 from USD 226.0 billion in 2022, at a CAGR of 8.5% during the forecast period Growth in this market is mainly driven by rapid growth in the elderly population, and the rising incidence of chronic diseases.

Home Healthcare Market 2022-2026 | Global CAGR Rapidly Growth By Trends, Technologies & Opportunities Report https://bit.ly/3TSzZS1 The global home healthcare market size is projected to reach USD 298.2 billion by 2026 from USD 198.9 billion in 2021, at a CAGR of 8.4% during the forecast period. Market growth is driven mainly by factors such as rapid growth in the elderly population, the rising incidence of chronic diseases, the growing need for cost-effective healthcare delivery due to the increasing healthcare costs, and technological advancements in home care devices. The emerging Asian countries are also expected to offer substantial growth opportunities for players in the market.