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Connected Wearable Devices in Healthcare: Wearables in Medical, Wellness, and Fitness Markets by Device Type, Body Area, Solution Type (Prevention, Monitoring, and Treatment), and Health Concerns 2019 - 2024

  • ID: 4749632
  • Report
  • Region: Global
  • 248 Pages
  • Mind Commerce
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Threat of Hacking and Malware is Hindering Progress of Wearable Healthcare Devices. Cybersecurity for Medical Devices is a Number 1 Priority for Manufacturers

FEATURED COMPANIES

  • Actofit Wearables
  • LifeBEAM Inc.
  • Monster Inc.
  • Pebble
  • Smiths Group plc
  • Thalmic Labs Inc.
  • MORE

Overview:

There is great demand in the healthcare industry for remote monitoring and diagnostics. Driving factors include healthcare cost inflation coupled with a rapidly aging global population within the developed countries. For example, 20 percent of United States residents are projected to be age 65 or older by 2030. Improving supply factors include improvements in electronics miniaturization and innovation leading to reduced device cost. R&D in wearable healthcare devices is leading to enhanced functionality, form factor improvements, and frictionless integration with the Internet of Things (IoT) systems and solutions.

Machine-to-Machine (M2M) communication enables wearable healthcare devices to communicate autonomously with monitoring systems for both real-time decision making and data gathering for future analysis. Secure M2M enabled data transport and IoT system connectivity facilitates the integration of healthcare info with data analytics solutions. Advanced healthcare data management solutions, supported by artificial intelligence, are capable of processing massive amounts of healthcare information, including unstructured data acquired from many different sources and contexts.

One of the core reasons for wearables in healthcare is to transmit information for medical support from a licensed professional. However, there is also a market for “quantified self” in healthcare, which refers to the incorporation of technology into data acquisition on aspects of a person's daily life. This enables a “Do it Yourself” (DIY) tool for consumers to self-monitor and self-report important wellness items such as blood pressure.

Wearable devices for medical, wellness and fitness purposes are many and varied, consisting of various form factors depending on the purpose and placement of the human body. Wearable devices can worn and/or integrated into apparel to become less intrusive. Sensors (biomechanical, motion, etc.) may be placed at specific parts of the body to communicate with an overall Body Area Network system.

Looking beyond simply wearables is the emerging area of “implantables” (e.g. devices implanted within the body). This includes everything from pacemakers to devices that monitor key wellness levels within the body such as blood-sugar, reducing or illuminating the need for direct patient involvement. Miniaturization of monitoring devices and power sources has opened up new opportunities for wearable and implantable technologies. This is especially true in the field of healthcare, an industry that is in great need for mass-personalization at efficient and effective scale and scope.

This report evaluates the current state of the wearable technology ecosystem including devices, applications, and services within the medical, wellness, and fitness markets. The report addresses key challenges, market players, and solutions. The report also provides an outlook for the future of wearable devices in medical, wellness, and fitness with forecasts for the period 2019 - 2024. This includes insights and opinions about the future of wearable technology in healthcare including future devices (such as implantables), IoT integration, and advanced data management.

Select Report Findings:

  • The healthcare-related skin patches market will reach $630M by 2024, growing at 20.2% CAGR
  • Wearable devices for vital signs monitoring will be $980M market by 2024, growing at 21.7% CAGR
  • Areas of concern are data security and privacy as well as opportunities for advanced data analytics
  • One of the key growth areas for wearable healthcare devices integration is implantable medical technology
  • Remote data collection solutions will substantially enhance the operational efficiency of healthcare services
  • Wearable devices and IoT will reduce human intervention in healthcare, enabling context-based automation

Target Audience:

  • IoT app and service providers
  • Health and fitness companies
  • Wireless device manufacturers
  • Consumer electronics companies
  • Wearable technology developers
  • Embedded computing companies
  • Wireless service providers of all types
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Actofit Wearables
  • LifeBEAM Inc.
  • Monster Inc.
  • Pebble
  • Smiths Group plc
  • Thalmic Labs Inc.
  • MORE

1 Executive Summary

2 Introduction
2.1 Wearable Technology Perspective
2.2 Wearable Technology Market: Demand vs. Supply Side
2.3 Wearable Technology Market Opportunities
2.4 Wearable Technology Market Constraints
2.4.1 Design as Constraints
2.4.2 High Power Consumption
2.4.3 High Investment Cost and High Price
2.4.4 Lack Network Security and Data Privacy
2.4.5 Usage Restrictions

3 Wearable Technology Ecosystem
3.1 Wearable Technology Device and Application
3.1.1 Personal Health and Fitness Management
3.1.3 Prevention, Diagnosis, and Management of Disease
3.1.4 Healthcare and Medical Devices
3.1.5 Sports Performance Enhancement
3.2 Sensors in Wearable Systems
3.2.1 Flexible Sensors and Nano-sensors
3.2.2 Movement Sensors
3.2.3 Respiration Sensors
3.2.4 Piezoelectric Usage in Sensors
3.2.5 Skin Sensors
3.2.6 Thermal Sensors
3.2.7 Heart Rate Monitors
3.3 Wearables and Cloud Environment
3.4 Wearable Technology Adoption Factors
3.4.1 Enterprise Adoption Challenges
3.4.2 Industry Specific Factors
3.5 Wearable Device and Data Access Factors
3.6 Wearable Technology Future
3.6.1 Continued Growth in Fitness and Health
3.6.2 Importance of Aesthetics
3.6.3 Beyond Glasses, Fitness Bands, and Watches
3.6.4 Emergence of Ambient Internet of Things (IoT)
3.6.5 Wearables, Data, and Analytics
3.6.6 Continued Downward Price Pressure
3.6.7 Expanding to Enterprise and Workplace
3.7 Wearable Technology Key Success Factors
3.8 Evolution of the Wearable Tech Ecosystem

4 Wearable Devices in Medical, Wellness, and Fitness Market Forecasts
4.1 Wearable Device Revenue Forecasts 2019 - 2024
4.1.1 Total Wearable Technology Market
4.1.2 Wearable Technology Market by Segment
4.2 Wearable Device Deployment Forecast 2019 - 2024
4.2.1 Total Wearable Device Unit Shipments
4.2.2 Wearable Device Unit Shipment by Device Type
4.2.3 Wearable Device Unit Shipment by OS
4.2.4 Wearable Device Unit Shipment by Types

5 Company Analysis
5.1 Xiaomi Technology Co. Ltd.
5.2 Guangdong BBK Electronics Industry Co. Ltd
5.3 Alphabet Inc.
5.4 Lifesense Group B.V.
5.5 Johnson & Johnson
5.6 Smiths Group plc
5.7 Roche Holding AG
5.11 Medtronic PLC
5.15 Amiigo
5.34 StarVR Corp
5.40 Leapfrog Enterprises Inc.
5.41 LG Electronics
5.42 LifeBEAM Inc.
5.43 Meta Company
5.44 Mio Global
5.45 Misfit
5.46 Monster Inc.
5.47 Motorola
5.48 Nike Inc.
5.49 NTT Docomo Inc.
5.50 Oculus VR LLC
5.51 o-synce
5.52 Actofit Wearables
5.53 Pebble
5.54 Polar Electro
5.55 Qardio Inc.
5.56 Recon Instruments
5.57 Reebok International Limited
5.58 Samsung Electronics Co. Ltd.
5.59 ShotTracker
5.60 Sony Corporation
5.61 Soundbrenner Limited
5.62 Sqord Inc.
5.63 Suunto
5.64 Thalmic Labs Inc.
5.65 Timex.com Inc.
5.66 Tlink
5.67 Tobii AB
5.68 Vuzix
5.69 Weartrons Labs
5.70 Xensr
5.71 Zepp US Inc.
5.72 ZTE Corporation

6 Conclusions and Recommendations
6.1 Future of Wearable Devices in Healthcare
6.1.1 Area of Concern: Privacy and Security
6.1.2 Area of Opportunity: Healthcare Data Analysis
6.2 Future Devices
6.2.1 Increased System and Device Integration
6.2.2 Implantable Medical Devices

List of Figures
Figure 1: Wearable Technology and the Human Body
Figure 2: Wearable Technology Ecosystem
Figure 3: IoT Dashboard and Wearable Technology
Figure 4: Smartphone Alert of Blocked IoT Connection Attempt
Figure 5: SmartWatch Alert of Blocked IoT Connection Attempt
Figure 6: Wearable Technology Communication Evolution
Figure 7: Global Wearable Technology Market 2019 - 2024
Figure 8: Global Wearable Technology Market Yearly Growth Rate 2019 - 2024
Figure 9: Global Wearable Device Unit Shipments 2019 - 2024
Figure 10: Global Wearable Device Unit Shipments Yearly Growth Rate 2019 - 2024
Figure 11: Implantable Healthcare Devices

List of Tables
Table 1: Global Wearable Technology Market by Segment 2019 - 2024
Table 2: Market Share of Global Wearable Technology Market by Segment
Table 3: Global Wearable Technology Market by Hardware Segment 2019 - 2024
Table 4: Market Share of Global Wearable Technology Market by Hardware Segment
Table 5: Global Wearable Technology Market by Device Type 2019 - 2024
Table 6: Market Share of Global Wearable Technology Market by Device Type
Table 7: Global Wearable Technology Market by Wristwear Product 2019 - 2024
Table 8: Market Share of Global Wearable Technology Market by Wristwear Product
Table 9: Global Wearable Technology Market by Headwear and Eyewear Product 2019 - 2024
Table 10: Market Share of Global Wearable Technology Market by Headwear and Eyewear Product
Table 11: Global Wearable Technology Market by Footwear Product 2019 - 2024
Table 12: Market Share of Global Wearable Technology Market by Footwear Product
Table 13: Global Wearable Technology Market by Neckwear Product 2019 - 2024
Table 14: Market Share of Global Wearable Technology Market by Neckwear Product
Table 15: Global Wearable Technology Market by Bodywear Product 2019 - 2024
Table 16: Market Share of Global Wearable Technology Market by Bodywear Product
Table 17: Global Wearable Technology Market by Medical Device Type 2019 - 2024
Table 18: Market Share of Global Wearable Technology Market by Medical Device Type
Table 19: Global Wearable Technology Market by Diagnostic Product 2019 - 2024
Table 20: Market Share of Global Wearable Technology Market by Diagnostic Product
Table 21: Global Wearable Technology Market by Vital Sign Monitoring Product 2019 - 2024
Table 22: Market Share of Global Wearable Technology Market by Vital Sign Monitoring Product
Table 23: Global Wearable Technology Market by Therapeutic Product 2019 - 2024
Table 24: Market Share of Global Wearable Technology Market by Therapeutic Product
Table 25: Global Wearable Technology Market by Pain Management Product 2019 - 2024
Table 26: Market Share of Global Wearable Technology Market by Pain Management Product
Table 27: Global Wearable Technology Market by Diabetic Product 2019 - 2024
Table 28: Market Share of Global Wearable Technology Market by Diabetic Product
Table 29: Global Wearable Technology Market by Rehabilitation Product 2019 - 2024
Table 30: Market Share of Global Wearable Technology Market by Rehabilitation Product
Table 31: Global Wearable Technology Market by Respiratory Product 2019 - 2024
Table 32: Market Share of Global Wearable Technology Market by Respiratory Product
Table 33: Global Wearable Medical Device Market by Use Type 2019 - 2024
Table 34: Market Share of Global Wearable Medical Device Market by Use Type
Table 35: Global Wearable Medical Device Market by Distribution Channel 2019 - 2024
Table 36: Market Share of Global Wearable Medical Device Market by Distribution Channel
Table 37: Global Wearable Technology Market by Skin Patches Product 2019 - 2024
Table 38: Market Share of Global Wearable Technology Market by Skin Patches Product
Table 39: Global Wearable Technology Market by Other Wearable Product 2019 - 2024
Table 40: Market Share of Global Wearable Technology Market by Other Wearable Product
Table 41: Global Wearable Technology Market by Component Type 2019 - 2024
Table 42: Market Share of Global Wearable Technology Market by Component Type
Table 43: Global Wearable Technology Market by Software Type 2019 - 2024
Table 44: Market Share of Global Wearable Technology Market by Software Type
Table 45: Global Wearable Technology Market by OS Solution Type 2019 - 2024
Table 46: Market Share of Global Wearable Technology Market by OS Solution Type
Table 47: Global Wearable Technology Market by Fitness and Wellness Application 2019 - 2024
Table 48: Market Share of Global Wearable Technology Market by Fitness and Wellness Application
Table 49: Global Wearable Technology Market by Sports Application 2019 - 2024
Table 50: Market Share of Global Wearable Technology Market by Sports Application
Table 51: Global Wearable Technology Market by Healthcare and Medical Application 2019 - 2024
Table 52: Market Share of Global Wearable Technology Market by Healthcare and Medical Application
Table 53: Global Wearable Healthcare and Medical Market by Clinical Application 2019 - 2024
Table 54: Market Share of Global Wearable Healthcare and Medical Market by Clinical Application
Table 55: Global Wearable Medical Market by Nonclinical Application 2019 - 2024
Table 56: Market Share of Global Wearable Medical Market by Nonclinical Application
Table 57: Global Wearable Device Unit Shipment by Device Type 2019 - 2024
Table 58: Market Share of Global Wearable Device Unit Shipment by Device Type
Table 59: Global Wearable Device Unit Shipment by Wristwear Device 2019 - 2024
Table 60: Market Share of Global Wearable Device Unit Shipment by Wristwear Device
Table 61: Global Wearable Device Unit Shipment by Headwear and Eyewear Device 2019 - 2024
Table 62: Market Share of Global Wearable Device Unit Shipment by Headwear and Eyewear Device
Table 63: Global Wearable Device Unit Shipment by Footwear Device 2019 - 2024
Table 64: Market Share of Global Wearable Device Unit Shipment by Footwear Device
Table 65: Global Wearable Device Unit Shipment by Neckwear Device 2019 - 2024
Table 66: Market Share of Global Wearable Device Unit Shipment by Neckwear Device
Table 67: Global Wearable Device Unit Shipment by Bodywear Device 2019 - 2024
Table 68: Market Share of Global Wearable Device Unit Shipment by Bodywear Device
Table 69: Global Wearable Device Unit Shipment by Medical Device 2019 - 2024
Table 70: Market Share of Global Wearable Device Unit Shipment by Medical Device
Table 71: Global Wearable Device Unit Shipment by Diagnostic Device 2019 - 2024
Table 72: Market Share of Global Wearable Device Unit Shipment by Diagnostic Device
Table 73: Global Wearable Device Unit Shipment by Vital Sign Monitoring Device 2019 - 2024
Table 74: Market Share of Global Wearable Device Unit Shipment by Vital Sign Monitoring Device
Table 75: Global Wearable Device Unit Shipment by Therapeutic Device 2019 - 2024
Table 76: Market Share of Global Wearable Device Unit Shipment by Therapeutic Device
Table 77: Global Wearable Device Unit Shipment by Pain Management Device 2019 - 2024
Table 78: Market Share of Global Wearable Device Unit Shipment by Pain Management Device
Table 79: Global Wearable Device Unit Shipment by Diabetic Device 2019 - 2024
Table 80: Market Share of Global Wearable Device Unit Shipment by Diabetic Device
Table 81: Global Wearable Device Unit Shipment by Rehabilitation Device 2019 - 2024
Table 82: Market Share of Global Wearable Device Unit Shipment by Rehabilitation Device
Table 83: Global Wearable Device Unit Shipment by Respiratory Device 2019 - 2024
Table 84: Market Share of Global Wearable Device Unit Shipment by Respiratory Device
Table 85: Global Wearable Device Unit Shipment by Skin Patches Product 2019 - 2024
Table 86: Market Share of Global Wearable Device Unit Shipment by Skin Patches Product
Table 87: Global Wearable Device Unit Shipment by Other Wearable Device 2019 - 2024
Table 88: Market Share of Global Wearable Device Unit Shipment by Other Wearable Device
Table 89: Global Wearable Device Unit Shipment by OS 2019 - 2024
Table 90: Market Share of Global Wearable Device Unit Shipment by OS
Table 91: Global Wearable Device Unit Shipment by Types 2019 - 2024
Table 92: Market Share of Global Wearable Device Unit Shipment by Types
Table 93: Global Wearable Device Unit Shipment by Smart Textile Types 2019 - 2024
Table 94: Market Share of Global Wearable Device Unit Shipment by Smart Textile Types
Table 95: Global Wearable Device Unit Shipment by Fitness and Wellness Application 2019 - 2024
Table 96: Market Share of Global Wearable Device Unit Shipment by Fitness and Wellness Application
Table 97: Global Wearable Device Unit Shipment by Sports Application 2019 - 2024
Table 98: Market Share of Global Wearable Device Unit Shipment by Sports Application
Table 99: Global Wearable Device Unit Shipment by Medical Application 2019 - 2024
Table 100: Market Share of Global Wearable Device Unit Shipment by Medical Application
Table 101: Global Wearable Device Unit Shipment by Clinical Application 2019 - 2024
Table 102: Market Share of Global Wearable Device Unit Shipment by Clinical Application
Table 103: Global Wearable Device Unit Shipment by Nonclinical Application 2019 - 2024
Table 104: Market Share of Global Wearable Device Unit Shipment by Nonclinical Application

Note: Product cover images may vary from those shown
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  • Actofit Wearables
  • Alphabet Inc.
  • Amiigo
  • Guangdong BBK Electronics Industry Co. Ltd
  • Johnson & Johnson
  • Leapfrog Enterprises Inc.
  • LG Electronics
  • LifeBEAM Inc.
  • Lifesense Group B.V.
  • Medtronic PLC
  • Meta Company
  • Mio Global
  • Misfit
  • Monster Inc.
  • Motorola
  • Nike Inc.
  • NTT Docomo Inc.
  • o-synce
  • Oculus VR LLC
  • Pebble
  • Polar Electro
  • Qardio Inc.
  • Recon Instruments
  • Reebok International Limited
  • Roche Holding AG
  • Samsung Electronics Co. Ltd.
  • ShotTracker
  • Smiths Group plc
  • Sony Corporation
  • Soundbrenner Limited
  • Sqord Inc.
  • StarVR Corp
  • Suunto
  • Thalmic Labs Inc.
  • Timex.com Inc.
  • Tlink
  • Tobii AB
  • Vuzix
  • Weartrons Labs
  • Xensr
  • Xiaomi Technology Co. Ltd.
  • Zepp US Inc.
  • ZTE Corporation
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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