DUBLIN – The smart medical devices market is expected to reach $24.46 billion by 2025, according to a report released recently by market research firm Research and Markets. A major driver of the market growth is the increasing adoption of smartphones, the report found, as well as the rising awareness and focus on fitness. “The increasing demand for wireless and smartphone compatible devices is making it convenient for patients to monitor their health anywhere and save the result on the connected device,” the report’s authors wrote. The report found that the diagnostic and monitoring segment was the largest product category in 2015, but it is expected to register a lower growth compared to the therapeutic segment over the forecast period. Blood pressure monitors were the major diagnostic and monitoring device used by patients in 2015 and account for a share of more than 20.0% in 2015.
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