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Global Connected Wearable Devices Market in Healthcare, Wellness, and Fitness by Device Type, Use Case, and Application 2022-2027

  • ID: 5232537
  • Report
  • January 2022
  • Region: Global
  • 147 Pages
  • Mind Commerce
1h Free Analyst Time
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

Wearables in Healthcare Market is Driven by New Apps, Use Cases, and Service Provider Cost Savings

FEATURED COMPANIES

  • 3L Labs
  • Casio America Inc.
  • iHealth Labs Inc.
  • LifeBEAM (Vi Inc.)
  • o-synce
  • Soundbrenner Limited
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

This report evaluates the current state of the wearable technology ecosystem including devices and applications within the medical, wellness, and fitness markets. The report addresses key challenges, market players, solutions, and the future of wearables in healthcare and related industries including fitness and wellbeing.


The report also provides an outlook for the future of wearable devices in medical, wellness, and fitness with forecasts for the period 2022 to 2027. This includes application analysis and forecasts by physiological activity and the role of wearables in elder care and assisted living.


Select Report Findings

  • The global market for health and fitness trackers will reach $9.27 billion by 2027
  • Privacy and security concerns continue to damper the market significantly at present
  • Wearables are rapidly moving into the preventative care, diagnostics, and urgent care segment
  • There is a need for efficient device tracking in terms of both care of custody for delivery as well as usage
  • The medical device market is rapidly crossing over into the general health, fitness, and well-being category

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, almost 25 percent of United States residents are projected to be age 65 or older by 2030.


In terms of product and service demand, over two-thirds of physicians see a strong need for gathering healthcare data remotely. A strong majority of healthcare providers overall also see value in instructing their patients to utilize connected wearable medical devices on a regular basis. This aligns with strong industry trends overall for remote monitoring.


Some of the biggest concerns, however, remain patient ability to properly use devices, reliability of data (which is partially impacted by the former), and false positives when it comes to alerts/alarming. Privacy and security of data remains an overall industry concern ranging from loss of personally identifiable information to device hacking. 


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 be 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.


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.


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. The alternative is to allow medical data to transmit to a trusted entity.


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 challenges for the healthcare industry is tying these systems into healthcare devices in a manner in which data is leveraged while simultaneously preserving device security and end-user privacy.


Companies Analyzed in the Report

  • 3L Labs
  • 4iiii Innovations Inc.
  • ActiveLinxx LLC
  • Actofit Wearables
  • Adidas America Inc.
  • Alphabet Inc.
  • Apple Inc.
  • Atlas Wearables Inc.
  • Avegant Corp.
  • BSX Insight
  • Casio America Inc.
  • ConnectDevice Holding Ltd.
  • DAQRI
  • FitBit Inc.
  • Foxtel
  • Free Wavz
  • Fujitsu
  • Garmin Ltd.
  • Glofaster
  • GOQii
  • Guangdong BBK Electronics Industry Co. Ltd
  • Huawei Technologies Co. Ltd.
  • Hövding
  • iHealth Labs Inc.
  • Instabeat
  • Intel Corporation
  • Jawbone
  • Jaybird
  • Johnson & Johnson
  • Jumpy
  • Koninklijke Philips N.V
  • Leapfrog Enterprises Inc.
  • LG Electronics
  • LifeBEAM (Vi Inc.)
  • Lifesense Group B.V.
  • Medtronic PLC
  • Mio Labs
  • Misfit
  • Monster Inc.
  • Motorola
  • Nike Inc.
  • NTT Docomo Inc.
  • o-synce
  • Oculus VR LLC
  • Polar Electro
  • Qardio Inc.
  • Qualcomm Inc.
  • Recon Instruments
  • Reebok International Limited
  • Roche Holding AG
  • Samsung Electronics Co. Ltd.
  • Seiko Epson Corp.
  • ShotTracker
  • Smiths Group plc
  • Sony Corporation
  • Soundbrenner Limited
  • Sqord Inc.
  • StarVR Corp
  • Suunto
  • Thalmic Labs Inc.
  • Timex.com Inc.
  • Tobii AB
  • Vandrico
  • Vuzix
  • Weartrons Labs
  • Xensr
  • Xiaomi Corporation
  • Zepp Inc.
  • ZTE Corporation


With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.

This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3L Labs
  • Casio America Inc.
  • iHealth Labs Inc.
  • LifeBEAM (Vi Inc.)
  • o-synce
  • Soundbrenner Limited

1. Executive Summary


2. Introduction
2.1 Wearable Technology Overview
2.2 Wearable Technology Supply and Demand Dynamics
2.3 Wearable Technology Market Opportunities
2.4 Wearable Technology Market Challenges
2.4.1 Security and Privacy Concerns
2.4.2 Function vs. Form Factors Challenges
2.4.3 Power Management Constraints
2.4.4 High R&D Costs = High Initial Price
2.4.5 Usage Restrictions Impedes Access


3. Wearable Technology Ecosystem
3.1 Wearable Technology Device and Application
3.1.1 Personal Health and Fitness Management
3.1.1.1 Activity Trackers
3.1.1.2 GPS Monitoring
3.1.1.3 Other Wearable Devices
3.1.2 Personal Health Insurance
3.1.3 Prevention, Diagnosis, and Management of Disease
3.1.4 Healthcare and Medical Devices
3.1.4.1 Respiratory Monitoring
3.1.4.2 Circulatory Monitoring
3.1.4.3 Google Glass in Healthcare
3.1.5 Sports Performance Enhancement
3.1.5.1 Sport Brands
3.1.5.2 Textiles and Footwear
3.1.5.3 Devices for Particular Sports
3.1.5.4 Wearable Chemical Sensors
3.1.5.5 Concussion Detection
3.1.5.6 Objective Refereeing
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
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. Company Analysis
4.1 Xiaomi Corporation
4.2 Guangdong BBK Electronics Industry Co. Ltd.
4.3 Alphabet Inc.
4.4 Lifesense Group B.V.
4.5 Johnson & Johnson
4.6 Smiths Group plc
4.7 Roche Holding AG
4.8 Apple Inc.
4.9 Koninklijke Philips N.V
4.10 Qualcomm Inc.
4.11 Medtronic PLC
4.12 3L Labs
4.13 4iiii Innovations Inc.
4.14 Adidas America Inc.
4.15 Atlas Wearables Inc.
4.16 Avegant Corp.
4.17 BSX Insight
4.18 Casio America Inc.
4.19 ConnectDevice Holding Ltd.
4.20 DAQRI
4.21 Seiko Epson Corp.
4.22 FitBit Inc.
4.23 ActiveLinxx LLC
4.24 Foxtel
4.25 Free Wavz
4.26 Fujitsu
4.27 Garmin Ltd.
4.28 Glofaster
4.29 GOQii
4.30 Hövding
4.31 Huawei Technologies Co. Ltd.
4.32 iHealth Labs Inc.
4.33 StarVR Corp
4.34 Instabeat
4.35 Intel Corporation
4.36 Jawbone
4.37 Jaybird
4.38 Jumpy
4.39 Leapfrog Enterprises Inc.
4.40 LG Electronics
4.41 LifeBEAM (Vi Inc.)
4.42 Mio Labs
4.43 Misfit
4.44 Monster Inc.
4.45 Motorola
4.46 Nike Inc.
4.47 NTT Docomo Inc.
4.48 Oculus VR LLC
4.49 o-synce
4.50 Actofit Wearables
4.51 Polar Electro
4.52 Qardio Inc.
4.53 Recon Instruments
4.54 Reebok International Limited
4.55 Samsung Electronics Co. Ltd.
4.56 ShotTracker
4.57 Sony Corporation
4.58 Soundbrenner Limited
4.59 Sqord Inc.
4.60 Suunto
4.61 Thalmic Labs Inc.
4.62 Timex.com Inc.
4.63 Vandrico
4.64 Tobii AB
4.65 Vuzix
4.66 Weartrons Labs
4.67 Xensr
4.68 Zepp Inc.
4.69 ZTE Corporation


5. Market Analysis and Forecast 2022-2027
5.1 Global Wearable Device Market 2022-2027
5.1.1 Global Wearable Device Market
5.1.2 Global Wearable Device Market by Type
5.1.3 Global Wearable Device Market by Application
5.2 Global Wearable Device Market in Healthcare, Sports and Fitness 2022-2027
5.2.1 Global Wearable Device Market in Healthcare, Sports and Fitness
5.2.2 Global Wearable Device Market by Healthcare, Sports and Fitness Application
5.3 Regional Wearable Device Market in Healthcare, Sports and Fitness 2022-2027
5.3.1 Wearable Device Market in Healthcare, Sports and Fitness by Region
5.3.2 North America Wearable Device Market in Healthcare, Sports and Fitness: Device, Application, and Country
5.3.3 Europe Wearable Device Market in Healthcare, Sports and Fitness: Device, Application, and Country
5.3.4 APAC Wearable Device Market in Healthcare, Sports and Fitness: Device, Application, and Country
5.3.5 MEA Wearable Device Market in Healthcare, Sports and Fitness: Device, Application, and Country
5.3.6 Latin America Wearable Device Market in Healthcare, Sports and Fitness: Device, Application, and Country
5.4 Global Wearable Device Deployment Unit 2022-2027
5.4.1 Global Wearable Device Deployment Unit
5.4.2 Global Wearable Device Deployment Unit by Type
5.4.3 Global Wearable Device Deployment Unit by Application
5.5 Global Wearable Device Deployment Unit in Healthcare, Sports and Fitness 2022-2027
5.5.1 Global Wearable Device Deployment Unit in Healthcare, Sports and Fitness
5.5.2 Global Wearable Device Deployment Unit by Healthcare, Sports and Fitness Application
5.6 Regional Wearable Device Deployment Unit in Healthcare, Sports and Fitness 2022-2027
5.6.1 Wearable Device Deployment Unit in Healthcare, Sports and Fitness by Region
5.6.2 North America Wearable Device Deployment Unit in Healthcare, Sports and Fitness: Device, Application, and Country
5.6.3 Europe Wearable Device Deployment Unit in Healthcare, Sports and Fitness: Device, Application, and Country
5.6.4 APAC Wearable Device Deployment Unit in Healthcare, Sports and Fitness: Device, Application, and Country
5.6.5 MEA Wearable Device Deployment Unit in Healthcare, Sports and Fitness: Device, Application, and Country
5.6.6 Latin America Wearable Device Deployment Unit in Healthcare, Sports and Fitness: Device, Application, and Country


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


7. Appendix
7.1 Overall Connected Device Market and Forecasts
7.1.1 Primary Market Drivers
7.1.2 Wearables in the Workplace
7.1.2.1 Workplace Adoption Factors
7.1.2.2 Wearables in Manufacturing
7.1.2.3 Wearables in Healthcare Industry
7.2 Global Connected Medical Device Market Outlook 2022-2027
7.2.1 Global Connected Medical Device Market
7.2.2 Global Connected Medical Device Market by Manufacturing Method 2022-2027
7.2.3 Global Connected Medical Device Market by Location/Usage 2022-2027
7.2.4 Global Connected Medical Device Market by Connectivity Method 2022-2027
7.2.5 Global Connected Medical Device Market by Region 2022-2027


List of Figures
Figure 1: Wearable Healthcare and Fitness Device
Figure 2: Wearable Healthcare and Fitness Application Ecosystem
Figure 3: IoT Dashboard and Wearable Technology
Figure 4: Smartphone Alert of Blocked IoT Connection Attempt
Figure 5: Smart Watch Alert of Blocked IoT Connection Attempt
Figure 6: Wearable Healthcare Communication Interface
Figure 7: Global Wearable Device Market 2022-2027
Figure 8: Global Wearable Device Deployment Unit 2022-2027
Figure 9: Healthcare Implantable Device
Figure 10: Global Overall Wearable Unit Sales vs. Revenue
Figure 11: Connected Medical Device Future and Market
Figure 12: Global Connected Medical Device Market 2022-2027


List of Tables
Table 1: Global Wearable Device Market by Type 2022-2027
Table 2: Global Wearable Device Market by Application 2022-2027
Table 3: Global Wearable Device Market in Healthcare, Sports and Fitness 2022-2027
Table 4: Global Wearable Device Market by Healthcare, Sports and Fitness Application 2022-2027
Table 5: Wearable Device Market in Healthcare, Sports and Fitness by Region 2022-2027
Table 6: North America Wearable Device Market in Healthcare, Sports and Fitness 2022-2027
Table 7: North America Wearable Device Market by Healthcare, Sports and Fitness Application 2022-2027
Table 8: North America Wearable Device Market in Healthcare, Sports and Fitness by Country 2022-2027
Table 9: Europe Wearable Device Market in Healthcare, Sports and Fitness 2022-2027
Table 10: Europe Wearable Device Market by Healthcare, Sports and Fitness Application 2022-2027
Table 11: Europe Wearable Device Market in Healthcare, Sports and Fitness by Country 2022-2027
Table 12: APAC Wearable Device Market in Healthcare, Sports and Fitness 2022-2027
Table 13: APAC Wearable Device Market by Healthcare, Sports and Fitness Application 2022-2027
Table 14: APAC Wearable Device Market in Healthcare, Sports and Fitness by Country 2022-2027
Table 15: MEA Wearable Device Market in Healthcare, Sports and Fitness 2022-2027
Table 16: MEA Wearable Device Market by Healthcare, Sports and Fitness Application 2022-2027
Table 17: MEA Wearable Device Market in Healthcare, Sports and Fitness by Country 2022-2027
Table 18: Latin America Wearable Device Market in Healthcare, Sports and Fitness 2022-2027
Table 19: Latin America Wearable Device Market by Healthcare, Sports and Fitness Application 2022-2027
Table 20: Latin America Wearable Device Market in Healthcare, Sports and Fitness by Country 2022-2027
Table 21: Global Wearable Device Deployment Unit by Type 2022-2027
Table 22: Global Wearable Device Deployment Unit by Application 2022-2027
Table 23: Global Wearable Device Deployment Unit in Healthcare, Sports and Fitness 2022-2027
Table 24: Global Wearable Device Deployment Unit by Healthcare, Sports and Fitness Application 2022-2027
Table 25: Wearable Device Deployment Unit in Healthcare, Sports and Fitness by Region 2022-2027
Table 26: North America Wearable Device Deployment Unit in Healthcare, Sports and Fitness 2022-2027
Table 27: North America Wearable Device Deployment Unit by Healthcare, Sports and Fitness Application 2022-2027
Table 28: North America Wearable Device Deployment Unit in Healthcare, Sports and Fitness by Country 2022-2027
Table 29: Europe Wearable Device Deployment Unit in Healthcare, Sports and Fitness 2022-2027
Table 30: Europe Wearable Device Deployment Unit by Healthcare, Sports and Fitness Application 2022-2027
Table 31: Europe Wearable Device Deployment Unit in Healthcare, Sports and Fitness by Country 2022-2027
Table 32: APAC Wearable Device Deployment Unit in Healthcare, Sports and Fitness 2022-2027
Table 33: APAC Wearable Device Deployment Unit by Healthcare, Sports and Fitness Application 2022-2027
Table 34: APAC Wearable Device Deployment Unit in Healthcare, Sports and Fitness by Country 2022-2027
Table 35: MEA Wearable Device Deployment Unit in Healthcare, Sports and Fitness 2022-2027
Table 36: MEA Wearable Device Deployment Unit by Healthcare, Sports and Fitness Application 2022-2027
Table 37: MEA Wearable Device Deployment Unit in Healthcare, Sports and Fitness by Country 2022-2027
Table 38: Latin America Wearable Device Deployment Unit in Healthcare, Sports and Fitness 2022-2027
Table 39: Latin America Wearable Device Deployment Unit by Healthcare, Sports and Fitness Application 2022-2027
Table 40: Latin America Wearable Device Deployment Unit in Healthcare, Sports and Fitness by Country 2022-2027
Table 41: Global Overall Wearable Unit Sales vs. Revenue
Table 42: Global Connected Medical Device Market by Manufacturing Method 2022-2027
Table 43: Global Connected Medical Device Market by Location/Usage 2022-2027
Table 44: Global Connected Medical Device Market by Connectivity Method 2022-2027
Table 45: Global Connected Medical Device Market by Region 2022-2027


Note: Product cover images may vary from those shown
  • 3L Labs
  • 4iiii Innovations Inc.
  • ActiveLinxx LLC
  • Actofit Wearables
  • Adidas America Inc.
  • Alphabet Inc.
  • Apple Inc.
  • Atlas Wearables Inc.
  • Avegant Corp.
  • BSX Insight
  • Casio America Inc.
  • ConnectDevice Holding Ltd.
  • DAQRI
  • FitBit Inc.
  • Foxtel
  • Free Wavz
  • Fujitsu
  • Garmin Ltd.
  • Glofaster
  • GOQii
  • Guangdong BBK Electronics Industry Co. Ltd.
  • Huawei Technologies Co. Ltd.
  • Hövding
  • iHealth Labs Inc.
  • Instabeat
  • Intel Corporation
  • Jawbone
  • Jaybird
  • Johnson & Johnson
  • Jumpy
  • Koninklijke Philips N.V
  • Leapfrog Enterprises Inc.
  • LG Electronics
  • LifeBEAM (Vi Inc.)
  • Lifesense Group B.V.
  • Medtronic PLC
  • Mio Labs
  • Misfit
  • Monster Inc.
  • Motorola
  • Nike Inc.
  • NTT Docomo Inc.
  • o-synce
  • Oculus VR LLC
  • Polar Electro
  • Qardio Inc.
  • Qualcomm Inc.
  • Recon Instruments
  • Reebok International Limited
  • Roche Holding AG
  • Samsung Electronics Co. Ltd.
  • Seiko Epson Corp.
  • ShotTracker
  • Smiths Group plc
  • Sony Corporation
  • Soundbrenner Limited
  • Sqord Inc.
  • StarVR Corp
  • Suunto
  • Thalmic Labs Inc.
  • Timex.com Inc.
  • Tobii AB
  • Vandrico
  • Vuzix
  • Weartrons Labs
  • Xensr
  • Xiaomi Corporation
  • Zepp Inc.
  • ZTE Corporation
Note: Product cover images may vary from those shown

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