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Wearable medical devices market analysis to 2022 made available by top research firm

Medical Market Research

The Global Wearable Medical Devices Market is expected to increase from $5.5 billion in 2016 to nearly $19.5 billion in 2021, demonstrating a five-year compound annual growth rate (CAGR) of 28.8%. The U.S. market should reach $2.5 billion and $8.7 billion in 2016 and 2021, respectively, growing at a five-year CAGR of 27.9%.

The Asian market should reach nearly $4.0 billion in 2021, up from $908 million in 2016, at a CAGR of 34.5%.

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The growing elderly population, rising prevalence of chronic diseases, and technological advancements in the medical devices are all keying big growth in the global markets for wearable medical devices.