The global market for wearable medical devices was worth US$2.7 billion in 2014 and is expected to expand at a compound annual growth rate (CAGR) of 16.4% from 2015 to reach US$10.7 billion by 2023, according to a new study. As defined by Wearable Medical Devices Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015-2023, published in April 2016 by Transparency Market Research of Albany, New York, USA, wearable medical devices consist of one or more sensors embedded into items that are easily attached to body parts, such as arms, feet, head and waist.
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