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Military Wearable Medical Device Market – Industry Trends and Forecast to 2026
The market for military wearable medical devices was estimated to be worth USD 5.7 billion in 2020, and it is anticipated to increase at a CAGR of 30.1% from 2021 to 2028..
In military wearable medical device market semiconductors and tech companies offers wearable biosensors in the form of wrist bands, straps, finger rings, shirts and others to army, navy, and air force for physiological monitoring, nerve stimulation/
The market for military wearable medical devices was estimated to be worth USD 5.7 billion in 2020, and it is anticipated to increase at a CAGR of 30.1% from 2021 to 2028. The market is primarily being driven by increased R&D expenditures for military modernization programmes, a growing need for cutting-edge technology to address the drawbacks of earlier wearables, and the device's safety and security aspects. The advancement of cutting-edge technology can assist in tracking the overall performance of the person using this gadget, such as heart monitoring and performance monitoring.
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