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Wearable Medical Devices: Technologies and Global Markets

  • ID: 4755813
  • Report
  • January 2017
  • Region: Global
  • 200 Pages
  • BCC Research
1 of 5

FEATURED COMPANIES

  • 270 Vision Ltd.
  • Brainmarc
  • Garmin
  • Leaf Healthcare
  • Omron Corp.
  • Siemens
  • MORE

Report Scope:

The goal of this updated report is to evaluate the recent developments in the wearable medical devices market, including technology, growth drivers and industry challenges in 2017 and 2018, to estimate the market, and to provide revenue forecasts for the global market from 2018 to 2023.

This report includes a detailed study on the wearable medical devices market and technologies and an overview of the epidemiology of target diseases for which wearable technology is currently used.

The market is segmented into devices that are used for diagnosis and monitoring, therapeutic devices, rehabilitation devices and devices that are used for health and fitness. Market characterization and market estimations along with future forecasts are discussed through 2023.

Global market drivers, restraints and opportunities that are impacting the market are also discussed, along with an analysis of the current competitive landscape, regulatory aspects, and the pricing and reimbursement scenario for wearable medical devices. Separate chapters on emerging technologies in the field, as well as a discussion on the future market outlook for the medical wearables industry, are included in the report.

Geographically, the market is divided into North America, Europe, Asia-Pacific and the Rest of the World, and there is a discussion of the market size and growth potential in each region and in selected countries within the regions.

The report also profiles the leading players in the wearable medical devices market, along with related business, financial and product information of the individual companies.

This report excludes implantable and ingestible medical devices like pacemakers, implantable cardioverter defibrillators (ICD), smart pills that are ingested to monitor parameters like heart rate, blood pressure, pH and body temperature and implantable deep brain stimulators.

Estimated values used are based on manufacturers’ total revenues. Projected and forecasted revenue values are in constant U.S. dollars, unadjusted for inflation.

The Report Includes:

  • 15 data tables and 16 additional tables
  • An overview of the global markets for wearable medical devices
  • Analyses of global market trends, with data from 2017 to 2018, and projections of compound annual growth rates (CAGRs) through 2023
  • Coverage of how these devices monitor blood sugar, glucose, and chronic diseases like heart diseases, diabetes, and various other parameters and provide local processing, feedbacks and reports, communication capabilities, and easy & timely sensing abilities
  • Evaluation of factors, such as a large number of ongoing projects and innovations in the healthcare and electronics sectors, the rising incidences of chronic diseases among all demographics, the growing capabilities, and the ease of use of medical devices
  • A look at how the market faces certain drawbacks, such as high costs of devices, issues in reimbursement, and lack of awareness in the developing countries, such as India, Brazil, and Mexico
  • Profiles of major players in the industry, including Abbott Laboratories, Atlas, Fitbit, Philips Healthcare, GE Healthcare, and Omron Corp.
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • 270 Vision Ltd.
  • Brainmarc
  • Garmin
  • Leaf Healthcare
  • Omron Corp.
  • Siemens
  • MORE

Chapter 1 Introduction

  • Scope of Report
  • Study Goals and Objectives
  • Reasons for Doing This Study
  • Information Sources and Methodology
  • Geographic Breakdown
  • Analyst’s Credentials
  • Custom Research
  • Related Reports

Chapter 2 Summary and Highlights

  • Key Findings

Chapter 3 Technology Background and Factors Affecting the Market

  • History of Wearable Technology
  • Design and Technical Considerations
  • Ergonomics and Wearability
  • Interface Design
  • Safety and Reliability
  • Sensor Design
  • Power Consumption and Battery Life
  • Data Acquisition
  • Feedback
  • Privacy and Security
  • Integration with Smart Devices
  • Market Drivers
  • Growing Geriatric Population
  • Increasing Incidence of Chronic Lifestyle Diseases
  • High Healthcare Spending and Economic Growth
  • Technological Advancements and Innovation in Wearable Medical Devices
  • Corporate Wellness Programs and Incentives for Users of Wearable Medical Devices
  • Market Restraints
  • Data Privacy and Security Concerns
  • High Cost of Devices
  • Slow Adoption in Developing Economies
  • Regulatory Scrutiny
  • Market Opportunities
  • Demand for Home Care and Remote Monitoring
  • Increasing Health and Fitness Awareness
  • Increasing Penetration of AI and Big Data in Healthcare to Create Smart and Adaptive Wearable Devices

Chapter 4 Diagnostic and Monitoring Wearable Devices

  • Introduction
  • Ability to Target Chronic Diseases and Disorders
  • Obesity
  • Diabetes
  • Stroke
  • Hypertension
  • Sleep Disorders
  • Types of Diagnostic and Monitoring Wearables
  • Key Products
  • Vital Sign and Activity Monitors
  • Cardiac Monitors
  • Electroencephalogram (EEG) Monitoring Devices
  • Wearable Cardioverter Defibrillators
  • Wearables for Fertility and Fetal Monitoring
  • Sleep Monitors
  • Continuous Glucose Monitoring Systems
  • Ophthalmic Wearables
  • Other Diagnostic and Monitoring Wearables
  • R&D and Pipeline Devices
  • Market Size and Growth Analysis

Chapter 5 Therapeutic Wearable Medical Devices

  • Introduction
  • Target Chronic Diseases and Disorders
  • Chronic Pain
  • Asthma and Chronic Obstructive Pulmonary Disease
  • Bedsores or Ulcers
  • Diabetes (type 1)
  • Chronic Wounds
  • Key Wearable Therapeutic Devices
  • Pain Management Wearables
  • Wearable Drug Delivery Devices
  • Wearable Insulin Pumps
  • Other Therapeutic Wearable Devices
  • R&D and Pipeline Devices
  • Market Size and Growth Analysis

Chapter 6 Wearable Rehabilitation Devices

  • Introduction
  • Target Diseases or Disability
  • Peripheral Neuropathy
  • Musculoskeletal and Bone Disorders
  • Vision and Hearing Loss
  • Types of Rehabilitation Wearables
  • Rehabilitation Platforms for Professionals and Trainers
  • Wearables for Post-traumatic Assessment and Post-surgery Monitoring
  • Robotic Wearables and Non-invasive Limbs/Supports
  • Wearable Joint Supports
  • Wearable Exoskeletons
  • Smart Hearing Aids
  • Smart Glasses
  • Key Wearable Rehabilitation Devices
  • Products and Companies
  • Other Rehabilitation Wearables
  • Products and Companies
  • Market Size and Growth Analysis

Chapter 7 Health and Fitness Wearables

  • Health and Fitness Wearables
  • Target Users
  • The Health and Fitness Conscious
  • Sports Professionals
  • Patients
  • Infants and Children
  • Types of Health and Fitness Wearables
  • Fitness Bands and Activity Trackers
  • Smartwatches
  • Wearable Baby Sensors and Monitors
  • Skin Care Wearables
  • Key Health and Fitness Wearables
  • Muscle Activity and Performance Trackers
  • Fitness Trackers and Smart Watches
  • Baby Monitors
  • Skin Care Monitors
  • R&D and Product Pipeline
  • Market Size and Growth Analysis

Chapter 8 Regional Analysis

  • Introduction
  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Spain and Portugal
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • Rest of Asia-Pacific
  • Rest of the World
  • Middle East and Africa
  • South America

Chapter 9 Emerging Technologies in Wearable Medical Devices

  • Introduction
  • Wearable Artificial Pancreas and Kidney
  • Smart Clothing
  • Smart Glasses
  • Sweat-Based Wearable Devices
  • Smart Contact Lenses
  • Opioid Overdose Detecting Devices
  • Wearable Sensors for Parkinson’s Disease
  • Wearable Skin Sensors for Hydrocephalus
  • Using Bio-Silk for Device Fabrication
  • Harvesting Energy for Future Wearable Medical Devices
  • Body Glucose as a Power Source
  • Yarn Batteries to Power Wearable Clothing
  • Electronic Tattoos
  • Carbon Nanofibers
  • Low Frequency Vibrations
  • Other R&D Activities for Wearable Medical Technologies and Devices

Chapter 10 Competitive Landscape and Market Strategies

  • Introduction
  • Market Share Analysis
  • Industry Strategies
  • Mergers and Acquisitions
  • Agreements, Collaborations and Partnerships
  • New Product Innovations and Launches
  • R&D Activity

Chapter 11 Regulatory Environment

  • Introduction
  • Regulatory Environment by Region
  • U.S
  • Europe
  • Japan
  • Rest of Asia

Chapter 12 Reimbursement Practices

  • Introduction
  • United States
  • Europe
  • Japan
  • ROW

Chapter 13 Conclusions and Future Outlook

  • Technological Developments
  • Social Developments
  • Long-Term Outlook for Wearable Medical Devices

Chapter 14 Company Profiles

  • 270 Vision Ltd.
  • Abbott Laboratories
  • Accumed Systems
  • Actigraph
  • Adherium Ltd.
  • Alivecor
  • Aliphcom
  • Alterg
  • Apira Science
  • Apple
  • Archos
  • Ascension Technology Corp.
  • Atlas
  • Axiobionics
  • Babybe Gmbh
  • Basis Science
  • Biosensics Llc
  • Bioserenity
  • Biotronik
  • Bioservo Technologies
  • Biotricity
  • Biovotion
  • Bl Healthcare
  • Bodytel
  • Boston Scientific
  • Brainmarc
  • BTS Bioengineering
  • Cambridge Temperature Concepts Ltd.
  • Cardiomems (Subsidiary Of St. Jude)
  • Chrono Therapeutics
  • Cleveland Medical Devices
  • Cloud DX
  • Connectedhealth
  • Corehab
  • Cybernoid Technologies
  • Dexcom Inc.
  • Dorsavi
  • Drägerwerk AG & Co. Kgaa
  • Earlysense
  • Empatica
  • Endotronix
  • Entra Health Systems
  • Esight Corp.
  • Evena Medical
  • Everist Health
  • Eyenetra
  • Fatigue Science
  • Feeligreen
  • Fitbit
  • Fitlinxx
  • Frasen
  • Garmin
  • Gentag
  • Gloreha (Subsidiary Of Idrogenet)
  • Glucovista
  • Goodlux Technology
  • Google
  • Ge Healthcare
  • Halo Neuroscience
  • Healbe
  • Health Care Originals
  • Healthwatchsystems
  • Hocoma
  • Hygreen
  • Ihealth Lab
  • Infobionic
  • Impact Sports Technologies
  • Insulet
  • Interaxon
  • Inteliclinic
  • Intelesens
  • Intouch Health
  • Inui Health (Formerly Scanadu)
  • Irhythm Technologies
  • Isono Health
  • Jan Medical
  • Kinestica
  • Kinsa
  • Leaf Healthcare
  • Mad Apparel
  • MC10
  • Medtronic Plc
  • Meditouch
  • Microsoft
  • Mio Global
  • Misfit
  • Monica Healthcare
  • Moov
  • Moticon
  • Motiv
  • Mycardio
  • Myontec
  • Nemaura Medical
  • Neofect
  • Neurometrix
  • Neurosky
  • Neurovigil
  • Newcare Solutions
  • Nonin Medical
  • Novasom
  • Nuubo
  • NYX Devices
  • Omron Corp.
  • Omsignal
  • Orpyx Medical Technologies
  • Owlet
  • Panasonic
  • Philips Healthcare
  • Philosys
  • Pixie Scientific
  • Polar Electro Oy
  • Preventice
  • Prizm Medical
  • Propeller Health
  • Proteus Digital Health
  • Qardio
  • Razer USA Ltd.
  • Reflectance Medical
  • Rehab-Robotics (Member Of Vincent Medical Holdings)
  • Remote Medical Technologies (Rmt)
  • Rest Devices
  • Rewalk Robotics
  • Samsung Electronics
  • Sano Intelligence
  • Seiko Epson Corp.
  • Sense4Care
  • Senseonics
  • Sensible Baby
  • Sensoria
  • Siemens
  • Sivantos
  • Sotera Wireless
  • Spintower
  • Spire
  • Sportline
  • STBL Medical Research Ag
  • Step Of Mind Ltd.
  • Striiv
  • Swipesense, Inc.
  • Thalmic Labs
  • Thync
  • TMG-BMC
  • Touch Bionics
  • Turingsense
  • Vancive Medical Technologies
  • Vital Connect
  • Vivalnk
  • Vivosensmedical
  • Wahoo Fitness
  • Walkjoy
  • Way Wearable
  • Wearable Robotics
  • West Pharmaceutical Services, Inc.
  • Whoop
  • Winmedical
  • Withings
  • Xybermind
  • Ybrain
  • Zephyr
  • Zoll Medical Corp.

Chapter 15 Acronyms

  • Acronyms

List of Tables
Summary Table: Global Market for Wearable Medical Devices, by Application, Through 2023
Table 1: Ergonomic Considerations in Designing a Wearable Medical Device
Table 2: BMI Categories Based on Increasing Health Risks
Table 3: Trends in Obesity Composition of the Global Population, Through 2020
Table 4: Prevalence of Obesity, by Age, 2017
Table 5: Blood Pressure Levels and Hypertensive Status
Table 6: Global Market for Wearable Diagnostic and Monitoring Devices, by Region, Through 2023
Table 7: Key Diabetes Management Wearables
Table 8: R&D and Pipeline Therapeutic Wearable Devices
Table 9: Global Market for Wearable Therapeutic Devices, by Region, Through 2023
Table 10: Global Market for Wearable Rehabilitation Devices, by Region, Through 2023
Table 11: R&D and Pipeline Wearable Health and Fitness Devices
Table 12: Global Market for Wearable Health and Fitness Devices, by Region, Through 2023
Table 13: Global Market for Wearable Medical Devices, by Region, Through 2023
Table 14: North American Market for Wearable Medical Devices, by Country, Through 2023
Table 15: European Market for Wearable Medical Devices, by Country, Through 2023
Table 16: Asia-Pacific Market for Wearable Medical Devices, by Country, Through 2023
Table 17: List of Artificial Pancreas Currently Marketed or Under Development
Table 18: List of Artificial Kidneys Currently Under Development
Table 19: New Product Launches, 2017 and 2018
Table 20: Differences in Regulatory Scrutiny between the U.S. and Europe
Table 21: Abbott Revenue, 2016 and 2017
Table 22: Abbott: Wearable Medical Device Products
Table 23: Dexcom Revenue, 2016 and 2017
Table 24: Dexcom: Wearable Medical Device Products
Table 25: Fitbit Revenue, 2016 and 2017
Table 26: Fitbit: Wearable Medical Device Products
Table 27: Insulet Revenue, 2016 and 2017
Table 28: Insulet: Wearable Medical Device Products
Table 29: Medtronic Revenue, 2016 and 2017
Table 30: Medtronic: Wearable Medical Device Products
Table 31: Important Acronyms Related to Wearable Medical Devices Used in this Report

List of Figures
Summary Figure: Global Market for Wearable Medical Devices, by Application, 2017-2023
Figure 1: Market Drivers of Wearable Medical Devices
Figure 2: Percentage of Population Aged 65 Years and Above, by Region, 2018
Figure 3: Percentage of Population Aged 65 Years and Above, by Region, 2050
Figure 4: Total Health Expenditure per Capita in Selected Countries, 2016
Figure 5: Increase in Fitbit’s Average Selling Price, 2016 to Q3 2018
Figure 6: BMI Calculation
Figure 7: Projected Global Incidence of Diabetes, 2017 and 2045
Figure 8: Deaths Due to Diabetes, by Region, 2017
Figure 9: Global Burden of Stroke, 1990 and 2020
Figure 10: Global Market for Wearable Diagnostic and Monitoring Devices, by Region, 2017-2023
Figure 11: Global Market for Wearable Therapeutic Devices, by Region, 2017-2023
Figure 12: Global Market for Wearable Rehabilitation Devices, by Region, 2017-2023
Figure 13: Global Market for Wearable Health and Fitness Devices, by Region, 2017-2023
Figure 14: Global Market for Wearable Medical Devices, by Region, 2017-2023
Figure 15: North American Market for Wearable Medical Devices, 2017-2023
Figure 16: North American Market for Wearable Medical Devices, by Country, 2017-2023
Figure 17: European Market for Wearable Medical Devices, 2017-2023
Figure 18: European Market for Wearable Medical Devices, by Country, 2017-2023
Figure 19: Asia-Pacific Market for Wearable Medical Devices, 2017-2023
Figure 20: Asia-Pacific Market for Wearable Medical Devices, by Country, 2017-2023
Figure 21: Rest of the World Market for Wearable Medical Devices, 2017-2023
Figure 22: Market Share of Major Players in the Wearable Medical Devices Industry, 2017
Figure 23: R&D Expenditures of Selected Players in the Wearable Medical Devices Market, 2017
Figure 24: Abbott Diabetes Care Revenue, 2016 and 2017
Figure 25: Abbott Medical Device Revenue, by Product Type, 2017
Figure 26: Abbott R&D Investment, 2016 and 2017
Figure 27: Dexcom Revenue, 2016 and 2017
Figure 28: Dexcom R&D Expenditures, 2016 and 2017
Figure 29: Fitbit R&D Expenditures, 2015-2017
Figure 30: Medtronic Revenue, by Segment, 2017
Figure 31: Medtronic Revenue, by Region, 2017

Note: Product cover images may vary from those shown
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4 of 5

FEATURED COMPANIES

  • 270 Vision Ltd.
  • Brainmarc
  • Garmin
  • Leaf Healthcare
  • Omron Corp.
  • Siemens
  • MORE

The emergence of wearable technology has disrupted the healthcare industry in recent years, leading to increased adoption and market growth for wearable medical devices. These devices have an impact far beyond typical consumer uses like fitness and activity tracking and have penetrated the area of medical applications like diagnosis, monitoring and, to a certain extent, the treatment of chronic diseases. Convergence of wearables like smartwatches and activity trackers with medical-grade products has fostered the growth of smart technology in healthcare.

A wide range of wearable medical devices is being developed to address a broad range of ailments. Although these wearable devices are not yet a mainstay in the healthcare industry, a large number of medical device manufacturers have started adding wearable components to their product lines to address unmet needs in home healthcare and remote monitoring-two areas that are showing exponential growth.

Medical device companies, both industry giants and startups, are investing significantly in research and development (R&D) to develop innovative wearables that can manage a host of medical conditions ranging from obesity and sleep apnea to diabetes, chronic obstructive pulmonary disease (COPD), asthma and cardiac diseases, and even disability rehabilitation and the monitoring of progressive nervous system disorders like Parkinson’s disease.

The increasing prevalence of diseases requiring round-the-clock monitoring is an important driver of the wearable medical device market and is expected to significantly contribute to the double-digit growth of the industry, especially taking into account the global increase in the geriatric population. Specifically, real-time activity and health tracking, remote patient monitoring, the convenience of home healthcare and a booming fitness trend are key factors behind this exponential growth. Technological advancements and attractive product features such as smartphone connectivity are also promoting the adoption of medical wearables.

Concerns such as data privacy, security, an uncertain regulatory landscape and the high cost of wearable medical devices may act as growth barriers, but market penetration and growth are predicted to continue during the forecast period due to the constant introduction of innovative devices to address healthcare needs and the continuous evolution of the industry to keep pace with the demand for effective and personalized wearable healthcare devices.

The wearable medical device industry is now in a stage of innovation to develop medical-grade devices that can easily be worn and integrated into everyday life by leveraging newer advancements in technology, making them smaller, lighter and less invasive. Continuous glucose monitoring devices and wearable insulin delivery systems have revolutionized diabetes management and are already rivaling traditional blood glucose monitoring and insulin delivery.

Note: Product cover images may vary from those shown
5 of 5
  • 270 Vision Ltd.
  • Abbott Laboratories
  • Accumed Systems
  • Actigraph
  • Adherium Ltd.
  • Aliphcom
  • Alivecor
  • Alterg
  • Apira Science
  • Apple
  • Archos
  • Ascension Technology Corp.
  • Atlas
  • Axiobionics
  • Babybe Gmbh
  • Basis Science
  • Biosensics Llc
  • Bioserenity
  • Bioservo Technologies
  • Biotricity
  • Biotronik
  • Biovotion
  • Bl Healthcare
  • Bodytel
  • Boston Scientific
  • Brainmarc
  • Bts Bioengineering
  • Cambridge Temperature Concepts Ltd.
  • Cardiomems (Subsidiary Of St. Jude)
  • Chrono Therapeutics
  • Cleveland Medical Devices
  • Cloud Dx
  • Connectedhealth
  • Corehab
  • Cybernoid Technologies
  • Dexcom Inc.
  • Dorsavi
  • Drägerwerk Ag & Co. Kgaa
  • Earlysense
  • Empatica
  • Endotronix
  • Entra Health Systems
  • Esight Corp.
  • Evena Medical
  • Everist Health
  • Eyenetra
  • Fatigue Science
  • Feeligreen
  • Fitbit
  • Fitlinxx
  • Frasen
  • Garmin
  • Ge Healthcare
  • Gentag
  • Gloreha (Subsidiary Of Idrogenet)
  • Glucovista
  • Goodlux Technology
  • Google
  • Halo Neuroscience
  • Healbe
  • Health Care Originals
  • Healthwatchsystems
  • Hocoma
  • Hygreen
  • Ihealth Lab
  • Impact Sports Technologies
  • Infobionic
  • Insulet
  • Intelesens
  • Inteliclinic
  • Interaxon
  • Intouch Health
  • Inui Health (Formerly Scanadu)
  • Irhythm Technologies
  • Isono Health
  • Jan Medical
  • Kinestica
  • Kinsa
  • Leaf Healthcare
  • Mad Apparel
  • Mc10
  • Meditouch
  • Medtronic Plc
  • Microsoft
  • Mio Global
  • Misfit
  • Monica Healthcare
  • Moov
  • Moticon
  • Motiv
  • Mycardio
  • Myontec
  • Nemaura Medical
  • Neofect
  • Neurometrix
  • Neurosky
  • Neurovigil
  • Newcare Solutions
  • Nonin Medical
  • Novasom
  • Nuubo
  • NYX Devices
  • Omron Corp.
  • Omsignal
  • Orpyx Medical Technologies
  • Owlet
  • Panasonic
  • Philips Healthcare
  • Philosys
  • Pixie Scientific
  • Polar Electro Oy
  • Preventice
  • Prizm Medical
  • Propeller Health
  • Proteus Digital Health
  • Qardio
  • Razer USA Ltd.
  • Reflectance Medical
  • Rehab-Robotics (Member Of Vincent Medical Holdings)
  • Remote Medical Technologies (Rmt)
  • Rest Devices
  • Rewalk Robotics
  • Samsung Electronics
  • Sano Intelligence
  • Seiko Epson Corp.
  • Sense4Care
  • Senseonics
  • Sensible Baby
  • Sensoria
  • Siemens
  • Sivantos
  • Sotera Wireless
  • Spintower
  • Spire
  • Sportline
  • STBL Medical Research Ag
  • Step Of Mind Ltd.
  • Striiv
  • Swipesense, Inc.
  • Thalmic Labs
  • Thync
  • TMG-BMC
  • Touch Bionics
  • Turingsense
  • Vancive Medical Technologies
  • Vital Connect
  • Vivalnk
  • Vivosensmedical
  • Wahoo Fitness
  • Walkjoy
  • Way Wearable
  • Wearable Robotics
  • West Pharmaceutical Services, Inc.
  • Whoop
  • Winmedical
  • Withings
  • Xybermind
  • Ybrain
  • Zephyr
  • Zoll Medical Corp.
Note: Product cover images may vary from those shown
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