Wearable medical device market reaches $13 billion

medical-wearablesThe global wearable medical device market is valued at just more than $13.2 billion for 2016, per Kalorama Information. The wearable technology industry, in general, is continuing to expand and healthcare is no exception. In fact, healthcare is among the fastest growing segments for wearables due to the overwhelming need to monitor diseases and aging populations. The healthcare market research firm’s report, “The Market for Wearable Devices,” examines the global market, providing market size and forecasts.

Wearable devices are no longer just focusing on one measurement – such as the number of steps taken in a day – but are focusing on a variety of bodily measurements such as heart rate, breathing, blood pressure and many others. Advances in wearable medical devices include new miniaturized sensors; peripherals; real-time measurements and interactions, wireless communication, sort-and-analyze features, portability and data transfer capabilities.

By Today’s Medical Developments

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About Peter Coffaro 1430 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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