Global Wearable Medical Technology Market 2012-2016
- ID: 2651967
- September 2013
- Region: Global
- 53 pages
The analysts forecast the Global Wearable Medical Technology market to grow at a CAGR of 49.94 percent over the period 2012-2016. One of the key factors contributing to this market growth is the technological innovations. The Global Wearable Medical Technology market has also been witnessing increasing strategic agreements among vendors. However, the instances of product recalls could pose a challenge to the growth of this market.
The report, Global Wearable Medical Technology Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the Americas, and the EMEA and APAC regions; it also covers the Global Wearable Medical Technology market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Abbott Diabetes Care Inc., AiQ Smart Clothing Inc., BodyTel Europe GmbH, Danfoss PolyPower A/S, DexCom Inc., Medtronic Inc., Nuubo, Philips Healthcare, Polar Electro Inc., Suunto Oy, Zephyr Technology Corp., and ZOLL Medical Corp.
Key questions answered in this report:
- What will the market size be in 2016 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of these key vendors?
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01. Executive Summary
02. List of Abbreviations
04. Market Research Methodology
Market Research Process
05. Scope of the Report
06. Market Landscape
06.1 Global Wearable Medical Technology Market
Market Size and Forecast
06.2 Market Segmentation
Wearable Drug Delivery Device
06.3 Global CGM Device Market
Market Size and Forecast
06.4 Five Forces Analysis
07. Recent Technological Innovated Products
08. Geographical Segmentation
09. Vendor Landscape
09.1 Continuous Glucose Monitoring Device Market
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Key Vendor Analysis
16.1 Medtronic Inc.
16.2 Abbott Diabetes Care Inc.
16.3 Polar Electro Inc.
16.4 Dexcom Inc.
17. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Global Wearable Medical Technology Market 2012-2016 (US$ million)
Exhibit 3: Global Wearable Medical Technology Market Segmentation
Exhibit 4: Global CGM Device market 2012-2016 (US$ million)
Exhibit 5: Global Wearable Medical Technology Market by Geographical Segmentation 2012
Exhibit 6: Business Segmentation of Medtronic Inc.
Commenting on the report, an analyst from the team said: “Numerous litigation and intellectual property issues exist among vendors in the Healthcare sector, especially among medical device manufacturers. Thus, wearable medical device vendors are entering into strategic alliances to share their core competencies to develop innovative products. Further, the increasing demand for technologically-advanced products and non-invasive systems has led the vendors to develop new technologies. This is expected to increase the adoption of newer and better systems. For instance, DexCom has entered into an agreement with Animas Corp. to integrate DexCom’s CGM technology with Animas's insulin pumps. Similar strategic partnerships among vendors can help in fuelling the growth of the Global Wearable Medical Technology market.”
According to the report, the growth of the Global Wearable Medical Technology market is driven by several factors, the most important of which is the technological innovations. Technological innovations and advancements have led to the introduction of new products that are compact, portable, and easy to use.
Further, the report states that one of the key challenges in the market is the instances of product recalls because of manufacturing errors. This has tarnished the brand image of the vendors and had a negative impact on their revenue.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are AiQ Smart Clothing Inc., BodyTel Europe GmbH, Danfoss PolyPower A/S, DexCom Inc., Nuubo, Philips Healthcare, Polar Electro Inc., and Suunto Oy.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- Abbott Diabetes Care Inc.
- AiQ Smart Clothing Inc.
- BodyTel Europe GmbH
- Danfoss PolyPower A/S
- DexCom Inc.
- Medtronic Inc.
- Philips Healthcare
- Polar Electro Inc.
- Suunto Oy
- Zephyr Technology Corp.
- and ZOLL Medical Corp.