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Wearable Medical Device Market Size, Share & Trends Analysis Report by Type (Diagnostic, Therapeutic), by Site (Handheld, Headband, Strap, Shoe Sensors), by Application, by Region, and Segment Forecasts, 2022-2030

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    Report

  • 150 Pages
  • April 2022
  • Region: Global
  • Grand View Research
  • ID: 3640168
The global wearable medical device market size is expected to reach USD 196.6 billion by 2030. The market is expected to expand at a CAGR of 28.1% from 2022 to 2030. Rising demand for hi-tech products and continuous health monitoring is fueling the market growth.



The increasing prevalence of obesity coupled with rising awareness about physical fitness is encouraging people to exercise and adopt other fitness-related activities. Wearable devices such as smart bands and smartwatches help in monitoring fitness parameters consisting of calories burned, footstep count, heart rate, and distance covered. The wearable devices companies offer guidance from experts who are certified dieticians or nutritionists, and hence, this business model is also generating hefty demand for these ancillary products and services.

Companies such as Google, Fitbit, Apple, and Nike are working toward the launch of new innovative products, thus portraying a high growth rate in the market. Smartwatches and wristbands are the current focal point of product development and innovation, leading to abundant availability of such instruments. For instance, HealthPatch, a product of Vital Connect, was launched in March 2014. The product is an adhesive patch that can be placed anywhere on the chest and is used to regulate biometrics such as heart rate, skin temperature, body posture, and activities like steps walked.

The COVID-19 pandemic somehow has positively impacted the market owing to the increasing demand for telemedicine. The WHO guidelines of social distancing and avoiding public gatherings increased the adoption of telemedicine among physicians for treating patients from a distance. The growth of telemedicine and expansion of applications to integrate Artificial Intelligence (AI) has led to market growth.

Wearable Medical Devices Market Report Highlights

  • The diagnostic devices segment dominated the market in 2021 owing to the increasing disposable income and awareness, and higher healthcare spending.
  • The strap/clip/bracelet segment dominated the market in 2021 and is expected to continue its dominance over the forecast period.
  • Home healthcare held a significant share of 54.5% in 2021 owing to the growing geriatric population triggering incidence rates of target diseases.
  • North America commanded a cumulative revenue share in 2021, due to the increasing application of home care and remote patient monitoring for regular, continuous, and long-term monitoring of patients.
  • The Asia Pacific region is expected to witness the fastest CAGR over the forecast period. This growth can be attributed to the growing awareness level, increasing disposable income, presence of a large population base, and rising incidence rate of chronic conditions.


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Frequently Asked Questions about the Global Wearable Medical Device Market

What is the estimated value of the Global Wearable Medical Device Market?

The Global Wearable Medical Device Market was estimated to be valued at $27.2 Billion in 2022.

What is the growth rate of the Global Wearable Medical Device Market?

The growth rate of the Global Wearable Medical Device Market is 28.1%, with an estimated value of $196.6 Billion by 2030.

What is the forecasted size of the Global Wearable Medical Device Market?

The Global Wearable Medical Device Market is estimated to be worth $196.6 Billion by 2030.

Who are the key companies in the Global Wearable Medical Device Market?

Key companies in the Global Wearable Medical Device Market include Koninklijke Philips N.V., Sotera Wireless, Zephyr Technology Corporation, Omron Corporation, Everist Health, Polar Electro, LifeWatch AG, Intelesens Ltd and Fitbit Inc..

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.1.1 Product
1.1.2 Site
1.1.3 Application
1.1.4 Regional Scope
1.1.5 Estimates and Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details Of Primary Research
1.4 Information or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis (Model 1)
1.6.1.1 Approach 1: Commodity Flow Approach
1.6.2 Volume Price Analysis (Model 2)
1.6.2.1 Approach 2: Volume Price Analysis
1.7 List of Secondary Sources
1.8 List of Primary Sources
1.9 List of Abbreviations
1.10 Objectives
1.10.1 Objective-1:
1.10.2 Objective-2:
1.10.3 Objective-3:
1.10.4 Objective-4:
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
Chapter 3 Wearable Medical Device Market: Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Ancillary Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 User Perspective Analysis
3.3.1 Consumer Behavior Analysis
3.3.2 Market Influencer Analysis
3.4 Regulatory Framework
3.5 Market Variable Analysis
3.5.1 Market Driver Analysis
3.5.1.1 Rising Demand For Round-The-Clock Monitoring
3.5.1.2 Growing Awareness On Fitness
3.5.1.3 Increasing Per Capita Income
3.5.1.4 Advent Of Technologically Advanced Products
3.5.1.5 Growing Geriatric Population
3.5.2 Market Restraint Analysis
3.5.2.1 Data Security and Privacy Issues
3.5.2.2 Non-Availability Of Reimbursement
3.5.3 Industry Challenges
3.6 Wearable Medical Device Market: Analysis Tools
3.6.1 Porter’s Five Forces Analysis
3.6.2 PESTEL Analysis
3.6.3 Major Deals & Strategic Alliances Analysis
3.6.4 Market Entry Strategies
Chapter 4 Wearable Medical Device Market: Product Segment Analysis
4.1 Wearable Medical Device Market: Definition & Scope
4.2 Wearable Medical Device: Market Share Analysis, 2021 & 2030
4.3 Diagnostic Devices
4.3.1 Diagnostic devices market, 2018-2030 (USD Billion)
4.3.2 Vital Sign Monitor
4.3.2.1 Vital sign monitor market, 2018-2030 (USD Billion)
4.3.2.2 Heart Rate Monitors
4.3.2.2.1 Heart rate monitors market, 2018-2030 (USD Billion)
4.3.2.3 Activity Monitors
4.3.2.3.1 Activity monitors market, 2018-2030 (USD Billion)
4.3.2.4 Electrocardiographs
4.3.2.4.1 Electrocardiographs market, 2018-2030 (USD Billion)
4.3.2.5 Pulse Oximeters
4.3.2.5.1 Pulse oximeters market, 2018-2030 (USD Billion)
4.3.2.6 Spirometers
4.3.2.6.1 Spirometers market, 2018-2030 (USD Billion)
4.3.2.7 Blood Pressure Monitors
4.3.2.7.1 Blood pressure monitors market, 2018-2030 (USD Billion)
4.3.2.8 Others
4.3.2.8.1 Others market, 2018-2030 (USD Billion)
4.3.3 Sleep Monitoring Devices
4.3.3.1 Sleep monitoring devices market, 2018-2030 (USD Billion)
4.3.3.2 Sleep Trackers
4.3.3.2.1 Sleep trackers market, 2018-2030 (USD Billion)
4.3.3.3 Wrist Actigraphs
4.3.3.3.1 Wrist actigraphs market, 2018-2030 (USD Billion)
4.3.3.4 Polysomnographs
4.3.3.4.1 Polysomnographs market, 2018-2030 (USD Billion)
4.3.3.5 Other Sleep Monitors
4.3.3.5.1 Other Sleep monitors market, 2018-2030 (USD Billion)
4.3.4 Electrocardiographs Fetal & Obstetric Devices
4.3.4.1 Electrocardiographs Fetal & obstetric devices market, 2018-2030 (USD Billion)
4.3.5 Neuromonitoring Devices
4.3.5.1 NeuroMonitoring devices market, 2018-2030 (USD Billion)
4.3.5.2 Electroencephalographs
4.3.5.2.1 Electroencephalographs market, 2018-2030 (USD Billion)
4.3.5.3 Electromyographs
4.3.5.3.1 Electromyographs market, 2018-2030 (USD Billion)
4.3.5.4 Other neuromonitoring Devices
4.3.5.4.1 Other neuromonitoring devices market, 2018-2030 (USD Billion)
4.4 Therapeutic Devices
4.4.1 Therapeutic devices market, 2018-2030 (USD Billion)
4.4.2 Pain Management Devices
4.4.2.1 Pain management devices market, 2018-2030 (USD Billion)
4.4.2.2 Neurostimulation Devices
4.4.2.2.1 Neurostimulation devices market, 2018-2030 (USD Billion)
4.4.2.3 Other Pain Management Devices
4.4.2.3.1 Other pain management devices market, 2018-2030 (USD Billion)
4.4.3 Insulin Monitoring Devices
4.4.3.1 Insulin monitoring devices market, 2018-2030 (USD Billion)
4.4.3.2 Insulin Pumps
4.4.3.2.1 Insulin pumps market, 2018-2030 (USD Billion)
4.4.4 Other Insulin Monitoring Devices
4.4.4.1.1 Other insulin monitoring devices market, 2018-2030 (USD Billion)
4.4.5 Rehabilitation Devices
4.4.5.1 Rehabilitation devices market, 2018-2030 (USD Billion)
4.4.5.2 Accelerometers
4.4.5.2.1 Accelerometers market, 2018-2030 (USD Billion)
4.4.5.3 Sensing Devices
4.4.5.3.1 Sensing devices market, 2018-2030 (USD Billion)
4.4.5.4 Ultrasound Platform
4.4.5.4.1 Ultrasound platform market, 2018-2030 (USD Billion)
4.4.5.5 Other rehabilitation devices
4.4.5.5.1 Other rehabilitation devices market, 2018-2030 (USD Billion)
4.4.6 Respiratory Therapy Devices
4.4.6.1 Respiratory therapy devices market, 2018-2030 (USD Billion)
4.4.6.2 Ventilators
4.4.6.2.1 Ventilators market, 2018-2030 (USD Billion)
4.4.6.3 Positive Airway Pressure (CPAP) Devices
4.4.6.3.1 Positive Airway Pressure (CPAP) devices market, 2018-2030 (USD Billion)
4.4.6.4 PorTable Oxygen concentrators
4.4.6.4.1 PorTable oxygen concentrators market, 2018-2030 (USD Billion)
4.4.6.5 Other Respiratory Devices
4.4.6.5.1 Other respiratory devices market, 2018-2030 (USD Billion)
Chapter 5 Wearable Medical Device Market: Site Segment Analysis
5.1 Wearable Medical Device Market: Definition & Scope
5.2 Wearable Medical Device: Market Share Analysis, 2021 & 2030
5.3 Handheld
5.3.1 Handheld market, 2018-2030 (USD Billion)
5.4 Headband
5.4.1 Headband market, 2018-2030 (USD Billion)
5.5 Strap/Clip/Bracelet
5.5.1 Strap/Clip/Bracelet market, 2018-2030 (USD Billion)
5.6 Shoe Sensors
5.6.1 Shoe sensors market, 2018-2030 (USD Billion)
5.7 Others
5.7.1 Others market, 2018-2030 (USD Billion)
Chapter 6 Wearable Medical Device Market: Application Segment Analysis
6.1 Wearable Medical Device Market: Definition & Scope
6.2 Wearable Medical Device: Market Share Analysis, 2021 & 2030
6.3 Sports and Fitness
6.3.1 Sports & fitness market, 2018-2030 (USD Billion)
6.4 Remote Patient Monitoring
6.4.1 Remote patient monitoring market, 2018-2030 (USD Billion)
6.5 Home Healthcare
6.5.1 Home healthcare market, 2018-2030 (USD Billion)
Chapter 7 Wearable Medical Device Market: Regional Analysis
7.1 Wearable Medical Device Market: Definition & Scope
7.2 Regional Market Snapshot
7.3 Regional Market Share and Leading Players, 2018
7.3.1 North America
7.3.2 Europe
7.3.3 Asia Pacific
7.3.4 Latin America
7.3.5 Middle East & Africa
7.4 Wearable Medical Device: Market Share Analysis, 2021 & 2030
7.5 North America
7.5.1 North America wearable medical device market, 2018-2030 (USD Billion)
7.5.2 U.S.
7.5.2.1 U.S. wearable medical device market, 2018-2030 (USD Billion)
7.5.3 Canada
7.5.3.1 Canada wearable medical device market, 2018-2030 (USD Billion)
7.6 Europe
7.6.1 Europe wearable medical device market, 2018-2030 (USD Billion)
7.6.2 U.K.
7.6.2.1 U.K. wearable medical device market, 2018-2030 (USD Billion)
7.6.3 Germany
7.6.3.1 Germany wearable medical device market, 2018-2030 (USD Billion)
7.6.4 France
7.6.4.1 France wearable medical device market, 2018-2030 (USD Billion)
7.6.5 Italy
7.6.5.1 Italy wearable medical device market, 2018-2030 (USD Billion)
7.6.6 Spain
7.6.6.1 Spain wearable medical device market, 2018-2030 (USD Billion)
7.6.7 Sweden
7.6.7.1 Sweden wearable medical device market, 2018-2030 (USD Billion)
7.6.8 Russia
7.6.8.1 Russia wearable medical device market, 2018-2030 (USD Billion)
7.6.9 Netherlands
7.6.9.1 Netherlands wearable medical device market, 2018-2030 (USD Billion)
7.7 Asia Pacific
7.7.1 Asia Pacific wearable medical device market, 2018-2030 (USD Billion)
7.7.2 Japan
7.7.2.1 Japan wearable medical device market, 2018-2030 (USD Billion)
7.7.3 China
7.7.3.1 China wearable medical device market, 2018-2030 (USD Billion)
7.7.4 India
7.7.4.1 India wearable medical device market, 2018-2030 (USD Billion)
7.7.5 Australia
7.7.5.1 Australia wearable medical device market, 2018-2030 (USD Billion)
7.7.6 South Korea
7.7.6.1 South Korea wearable medical device market, 2018-2030 (USD Billion)
7.7.7 Singapore
7.7.7.1 Singapore wearable medical device market, 2018-2030 (USD Billion)
7.7.8 Thailand
7.7.8.1 Thailand wearable medical device market, 2018-2030 (USD Billion)
7.7.9 Philippines
7.7.9.1 Philippines wearable medical device market, 2018-2030 (USD Billion)
7.7.10 Malaysia
7.7.9.10 Malaysia wearable medical device market, 2018-2030 (USD Billion)
7.8 Latin America
7.8.1 Latin America wearable medical device market, 2018-2030 (USD Billion)
7.8.2 Brazil
7.8.2.1 Brazil wearable medical device market, 2018-2030 (USD Billion)
7.8.3 Mexico
7.8.3.1 Mexico wearable medical device market, 2018-2030 (USD Billion)
7.8.4 Argentina
7.8.4.1 Argentina wearable medical device market, 2018-2030 (USD Billion)
7.8.5 Colombia
7.8.5.1 Colombia wearable medical device market, 2018-2030 (USD Billion)
7.9 MEA
7.9.1 MEA wearable medical device market, 2018-2030 (USD Billion)
7.9.2 South Africa
7.9.2.1 South Africa wearable medical device market, 2018-2030 (USD Billion)
7.9.3 Saudi Arabia
7.9.3.1 Saudi Arabia wearable medical device market, 2018-2030 (USD Billion)
7.9.4 UAE
7.9.4.1 UAE wearable medical device market, 2018-2030 (USD Billion)
Chapter 8 Company Profiles
8.1 Strategic Framework
8.2 Company Profiles
8.2.1 Koninklijke Philips N.V.
8.2.1.1 Company overview
8.2.1.2 Financial performance
8.2.1.3 Product benchmarking
8.2.1.4 Strategic initiatives
8.2.2 Sotera Wireless
8.2.2.1 Company overview
8.2.2.2 Product benchmarking
8.2.2.3 Strategic INITIATIVES
8.2.3 Zephyr Technology Corporation
8.2.3.1 Company overview
8.2.3.2 Product benchmarking
8.2.3.3 Strategic initiatives
8.2.4 Omron Corporation
8.2.4.1 Company overview
8.2.4.2 Product benchmarking
8.2.4.3 Strategic initiatives
8.2.5 Everist Health
8.2.5.1 Company overview
8.2.5.2 Product benchmarking
8.2.5.3 Strategic initiatives
8.2.6 Polar Electro
8.2.6.1 Company overview
8.2.6.2 Product benchmarking
8.2.6.3 Strategic initiatives
8.2.7 LifeWatch AG
8.2.7.1 Company overview
8.2.7.2 Financial performance
8.2.7.3 Product benchmarking
8.2.7.4 Strategic initiatives
8.2.8 Intelesens Ltd
8.2.8.1 Company overview
8.2.8.2 Product benchmarking
8.2.8.3 Strategic initiatives
8.2.9 Withings
8.2.9.1 Company overview
8.2.9.2 Product benchmarking
8.2.9.3 Strategic initiatives
8.2.10 Fitbit Inc.
8.2.10.1 Company overview
8.2.10.2 Financial performance
8.2.10.3 Product benchmarking
8.2.10.4 Strategic initiatives
8.2.11 Garmin
8.2.11.1 Company overview
8.2.11.2 Financial performance
8.2.11.3 Product benchmarking
8.2.11.4 Strategic initiatives
8.2.12 Vital Connect
8.2.12.1 Company overview
8.2.12.2 Product benchmarking
8.2.12.3 Strategic initiatives
Chapter 9 KOL Commentary
9.1 Key Insights
9.2 KOL Views
Chapter 10 Recommendations

Companies Mentioned

  • Koninklijke Philips N.V.
  • Sotera Wireless
  • Zephyr Technology Corporation
  • Omron Corporation
  • Everist Health
  • Polar Electro
  • LifeWatch AG
  • Intelesens Ltd
  • Withings
  • Fitbit Inc.
  • Garmin
  • Vital Connect

Methodology

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