- An aging Western population and the prevalence of chronic diseases are expected to contribute to the massive growth of the wearable medical devices market in the years to come
- Companies like Endonovo Therapeutics are primed to benefit from the growth opportunities due to innovative developments that are currently in the clinical stages
- Endonovo’s wearable medical device can be used to address an array of medical conditions; it promotes faster post-surgery and wound healing and can also effectively manage inflammatory processes in the body
The global wearable medical devices market is anticipated to grow to $66.8 billion by 2026, a Grandview Research report published in April 2019 suggests (http://nnw.fm/Z72qG). The market is forecast to expand at a CAGR of 26.1 percent over the period, with several factors contributing to the growth.
Increased health awareness and a better understanding of the need for constant monitoring will both help the market expand. In addition, the Western world’s population is aging, and the…
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