+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)


Wearable Medical Devices Market - Forecast (2020 - 2025)

  • ID: 3339351
  • Report
  • March 2020
  • Region: Global
  • 114 pages
  • IndustryARC
1 of 3
The wearable medical devices market is valued at $29,568.5 million in 2017 and anticipated to grow at a CAGR of 21.30% from 2018-2023. The North American region experienced huge demand for the products in 2017 generating over 13,975.4 million in 2017. The APAC region on the other hand is poised to experience huge growth during the forecast period growing at a CAGR of 21.30%. The monitoring and diagnostic wearable devices were popular across region and had generated an estimated $24,364.1 million in revenues in 2017. 

What is Wearable Medical Devices?

Wearable medical devices are monitoring devices for of patients which can be used to continuously track a patient’s health condition remotely. The rising prevalence of lifestyle diseases such as diabetic, hypertension and obesity are increasing the demand for wearable medical devices which monitor the medical issues and store the data in the product and forward the same data to the physicians which can be used to analyze and monitor the patient’s health on a continuous basis.

Wearable medical devices are available for monitoring different purposes such as sleep monitoring devices, fetal monitoring devices and many other devices. Sleep monitoring devices have to be worn overnight to enable the device to record the oxygen intake and the sleep lapse time and the same data is sent to the physician for analysis and treatment if necessary.

What are the major applications for Wearable Medical Devices Market?

On the basis of application wearable medical devices are applied in some specific areas like home health care, remote patient monitoring, fitness and sports. In fitness the wearable health care helps in monitoring the number of calories burnt by the person and it also gives the information on how many calories have to be brunt still.

Market Research and Market Trends of Wearable Medical Device Market:

ItoM medical, a company based in Netherlands has launched a new launch of ItoM medical which is a wireless asthma monitoring device employing diaphragmatic activity measurement in combination with a dry electrode solution which enables the patients with asthma to control their asthma attacks easily.

Wearable to detect chronic conditions like diabetes, Kidney disease and few types of cancers without the need of any blood test was developed and introduced in the market. This is achieved by measuring the chemical composition of peoples sweat. The wearable device transmits data obtained from the sensors to a mobile application using integrated RFID antenna which help the users to track and analyze data including their ph. levels.

Charity Autism Together, a service provider for children with autism launched a biometric wristband which helps the autistic people to measure minute physiological changes in the body such as skin surface, heart rate and swearing. This product helps to identify periods of high anxiety enabling them to step in and head off any behavior changes.

The Mayo foundation and Itamar Medical has signed an agreement for WatchPAT which is a portable diagnostic device that uses finger based physiology to enable simple and obstructive sleep apnea (OSA) testing which will avoid the complexity and discomfort associated with the air-flow based systems.

Flexible patches is a technology which is used to track the user’s body temperature over time. These continuous remote monitoring devices are more often used for young children and cancer patients which are generally placed near the user armpit and gives notification of the patient’s temperature such as fever and remind the patient to take medicines through a mobile app.

Who are the Major Players in Wearable Medical Device market?

The companies referred in the market research report includes Fitbit, Philips, Lifewatch, Garmin, Omron, Nokia technologies, Apple Inc, Google Inc, Plar, Jawbone, Xiamoi and more than 10 other companies.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Please Note: The report is to be delivered in 1-2 working days after an order is placed.
Note: Product cover images may vary from those shown
2 of 3
1. Wearable Medical Devices Market - Overview
1.1. Definitions and Scope

2. Wearable Medical Devices Market - Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography

3. Wearable Medical Devices Market
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis

4. Wearable Medical Devices Market Forces
4.1. Drivers
4.2. Constraints
4.3. Challenges
4.4. Porters five force model
4.4.1. Bargaining power of suppliers
4.4.2. Bargaining powers of customers
4.4.3. Threat of new entrants
4.4.4. Rivalry among existing players
4.4.5. Threat of substitutes

5. Wearable Medical Devices Market -Strategic analysis
5.1. Value chain analysis
5.2. Opportunities analysis
5.3. Product life cycle
5.4. Suppliers and distributors Market Share

6. Wearable Medical Devices Market – By Types (Market Size -$Million / $Billion)
6.1. Market Size and Market Share Analysis
6.2. Application Revenue and Trend Research
6.3. Product Segment Analysis
6.3.1. Activity monitors
6.3.2. Smart watches
6.3.3. Smart clothing
6.3.4. Patches

7. Wearable Medical Devices Market – By Device Types (Market Size -$Million / $Billion)
7.1. Diagnostic and Monitoring Devices
7.1.1. Vital Signs Monitoring Devices Heart rate monitors Pulse Oximeters Activity monitoring Electrocardiograms/ECG Monitors Spirometers Wearable BP Monitor
7.1.2. Glucose Monitoring devices Continuous blood glucose monitoring devices
7.1.3. Sleep monitoring devices Wrist Actigraphs Wearable Polysomnography Sleep trackers
7.1.4. Fetal monitoring & Obstetric devices Wearable fetal monitors Fetal visualization devices Infant motion sensing monitors Wearable prenatal audio belts
7.1.5. Neuro monitoring devices Electromyogram Electroencephalographs
7.2. Therapeutic Devices
7.2.1. Pain management devices
7.2.2. Rehabilitation devices Accelerometers Wearable sensing garments Wearable ultrasound platform
7.2.3. Respiratory therapy devices
7.2.4. Insulin pumps

8. Wearable Medical Devices Market – By Trackers (Market Size -$Million / $Billion)
8.1. Activity trackers
8.2. Fitness trackers
8.3. Sports trackers
8.4. Others

9. Wearable Medical Devices Market – By Distribution channels (Market Size -$Million / $Billion)
9.1. Pharmacies
9.2. Online channels
9.3. Hypermarkets

10. Wearable Medical Devices – By End Use Industry(Market Size -$Million / $Billion)
10.1. Segment type Size and Market Share Analysis
10.2. Application Revenue and Trends by type of Application
10.3. Application Segment Analysis by Type
10.3.1. Home Healthcare
10.3.2. Remote patient monitoring
10.3.3. Fitness and sports

11. Wearable Medical Devices - By Geography (Market Size -$Million / $Billion)
11.1. Wearable Medical Devices Market - North America Segment Research
11.2. North America Market Research (Million / $Billion)
11.2.1. Segment type Size and Market Size Analysis
11.2.2. Revenue and Trends
11.2.3. Application Revenue and Trends by type of Application
11.2.4. Company Revenue and Product Analysis
11.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
11.3. Wearable Medical Devices - South America Segment Research
11.4. South America Market Research (Market Size -$Million / $Billion)
11.4.1. Segment type Size and Market Size Analysis
11.4.2. Revenue and Trends
11.4.3. Application Revenue and Trends by type of Application
11.4.4. Company Revenue and Product Analysis
11.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
11.5. Wearable Medical Devices - Europe Segment Research
11.4. Europe Market Research (Market Size -$Million / $Billion)
11.4.1. Segment type Size and Market Size Analysis
11.4.2. Revenue and Trends
11.4.3. Application Revenue and Trends by type of Application
11.4.4. Company Revenue and Product Analysis
11.4.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
11.5. Wearable Medical Devices – APAC Segment Research
11.6. APAC Market Research (Market Size -$Million / $Billion)
11.6.1. Segment type Size and Market Size Analysis
11.6.2. Revenue and Trends
11.6.3. Application Revenue and Trends by type of Application
11.6.4. Company Revenue and Product Analysis
11.6.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia

12. Wearable Medical Devices Market - Entropy
12.1. New product launches
12.2. M&A's, collaborations, JVs and partnerships

13. Wearable Medical Devices Market Company Analysis
13.1. Market Share, Company Revenue, Products, M&A, Developments
13.2. Fitbit Inc
13.3. Connectedevices Ltd
13.4. Jawbone UP
13.5. Xiaomi Inc
13.4. Qualcomm Inc
13.5. Nike Inc
13.6. Adidas AG
13.9. LG Electronics Inc

14. Wearable Medical Devices Market -Appendix
14.1. Abbreviations
14.2. Sources
Note: Product cover images may vary from those shown
3 of 3