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Wearable Medical Devices Market Share, Size, Trends, Industry Analysis Report, By Device Type; By Site; By Application; By Regions; Segment Forecast, 2020-2027

  • ID: 5261898
  • Report
  • July 2020
  • Region: Global
  • 147 pages
  • Polaris Market Research

FEATURED COMPANIES

  • Abbott Laboratories
  • Biotelemetry Inc.
  • Dexcom Inc.
  • GE Healthcare
  • Koninklijke Philips
  • Minttihealth
The global Wearable Medical Devices market size is expected to reach USD 85.6 billion by 2027, according to the study.

The report “Wearable Medical Devices Market Share, Size, Trends, Industry Analysis Report, By Device Type (Diagnostic Devices, Sleep Monitoring Devices, Neuro-monitoring Devices, Therapeutic Devices, Glucose Monitoring Devices, Respiratory Therapy Devices); By Site; By Application (Sports and Fitness, Remote Patient Monitoring, and Home Healthcare); By Regions; Segment Forecast, 2020-2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Wearable medical devices are defined as the autonomous devices worn by the individual to provide medical or fitness monitoring and support over a period of time. They are either worn as a body accessory or being embedded in cloth or shoes. They incorporate non-invasive sensors, wireless transmission, real time data processing capabilities, and also provide medical feedback.

Recent developments in wearable medical devices include alert mechanisms, decision support systems, and real time analysis. These wearables offer point of care, and remote management for rehabilitating individuals, disabled and chronically ill.

The prominent factors favoring the wearable medical devices market growth include an increase in the prevalence of lifestyle-related diseases, consumer awareness towards fitness, and advancement in technology and medical innovation with ever increasing interest of consumer electronic companies. According to the study published by the International Diabetes Federation (IDF), in 2015, there were approximately 415 million diabetic people and it is expected to increase to 640 million by 2040. The high prevalence of diabetes is an important driver boosting market growth.

With a spike in infectious diseases over the past decade, the Stanford Healthcare Innovation Lab (SHIL) set up a team to study the impact of wearables to track infectious diseases. Moreover, in April 2020, Scripps Research Translational Institute (SRTI) launched DETECT, under which data from activity trackers and smart watches would be integrated into public health surveillance program for proactive disease tracking and population health programs.

Market participants such as Medtronic plc, OMRON Corp., Biotelemetry Inc., Apple, Inc., Koninklijke Philips, Dexcom Inc., Abbott Laboratories, Verily Life Sciences, GE Healthcare, Bio-Beat Technologies, Masimo Corporation, iRhythm Technologies, Inc., Preventice Solutions, Inc., CONTEC Medical Systems Co. Ltd, VitalConnect, Minttihealth, Biotricity Inc., Cyrcadia Asia Limited., Garmin Ltd, Xiaomi Technologies, ten3T healthcare, Fitbit, Inc., and Huawei Corporation are some of the key players operating in the Wearable Medical Devices market.

Players in the market are focusing on developing low cost wearable accessible to all strata of the population within the geographic footprint. In line with this, India based Muse Wearables is manufacturing a wrist based wearable tracker at a cost of INR 3,500. With this, it will continuously monitor skin temperature, blood O2 saturation levels, and heart rate to track body vital signs to diagnose COVID-19 symptoms in early stages. The device is Bluetooth enabled and could be connected via ‘Muse Health App’.

The analyst has segmented the Wearable Medical Devices market report on the basis of device type, site, application, and region.

Wearable Medical Device Type Outlook (Revenue-USD Million, 2016-2027)
  • Diagnostic Devices
  • Vital Sign Monitoring Devices
  • Heart Rate Monitors
  • Activity Monitors
  • Electrocardiographs
  • Pulse Oximeters
  • Spirometers
  • Blood Pressure Monitors
  • Others
  • Sleep Monitoring Devices
  • Sleep trackers
  • Wrist Actigraphs
  • Polysomnographs
  • Others
  • Electrocardiographs Fetal and Obstetric Devices
  • Neuro-monitoring Devices
  • Electroencephalographs
  • Electro-myographs
  • Others
  • Therapeutic Devices
  • Pain Management Devices
  • Neuro-stimulation Devices
  • Others
  • Insulin/Glucose Monitoring Devices
  • Insulin Pumps
  • Others
  • Rehabilitation Devices
  • Accelometers, Sensing Devices
  • Ultrasound Platform
  • Others
  • Respiratory Therapy Devices
  • Ventilators
  • Positive Airway Pressure (PAP) Devices
  • Portable Oxygen Concentrators
  • Others
Wearable Medical Devices Site Outlook (Revenue-USD Million, 2016-2027)
  • Handheld
  • Headband
  • Strap/Clip/Bracelet
  • Shoe Sensors
  • Others
Wearable Medical Devices Application Outlook (Revenue-USD Million, 2016-2027)
  • Sports and Fitness
  • Remote Patient Monitoring
  • Home Healthcare
Wearable Medical Devices Regional Outlook (Revenue-USD Million, 2016-2027)
  • North America
  • U.S.
  • Canada
  • Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
  • Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
  • Central & South America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abbott Laboratories
  • Biotelemetry Inc.
  • Dexcom Inc.
  • GE Healthcare
  • Koninklijke Philips
  • Minttihealth
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Wearable Medical Devices Market Insights
4.1. Wearable Medical Devices - Industry snapshot
4.2. Wearable Medical Devices Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Technological advancements in wearable devices
4.2.1.2. Increasing awareness about physical fitness
4.2.2. Restraints and Challenges
4.2.2.1. Data Security
4.2.3. Porter’s Five Forces Analysis
4.2.3.1. Bargaining Power of Suppliers (Moderate)
4.2.3.2. Threats of New Entrants: (Low)
4.2.3.3. Bargaining Power of Buyers (Moderate)
4.2.3.4. Threat of Substitute (Moderate)
4.2.3.5. Rivalry among existing firms (High)
4.2.4. PESTLE Analysis
4.2.5. Wearable Medical Devices Market Industry trends

5. Wearable Medical Devices Market Assessment by Device Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Wearable Medical Devices Market, By Device Type, 2016-2027 (USD Million)
5.3. Diagnostic Devices
5.3.1. Vital Sign Monitoring Devices
5.3.1.1. Heart Rate Monitors
5.3.1.2. Activity Monitors
5.3.1.3. Electrocardiographs
5.3.1.4. Pulse Oximeters
5.3.1.5. Spirometers
5.3.1.6. Blood Pressure Monitors
5.3.1.7. Others
5.3.2. Sleep Monitoring Devices
5.3.2.1. Sleep trackers
5.3.2.2. Wrist Actigraphs
5.3.2.3. Polysomnographs
5.3.2.4. Others
5.3.3. Electrocardiographs Fetal and Obstetric Devices
5.3.4. Neuromonitoring Devices
5.3.4.1. Electroencephalographs
5.3.4.2. Electromyographs
5.3.4.3. Others
5.4. Therapeutic Devices
5.4.1. Pain Management Devices
5.4.1.1. Neurostimulation Devices
5.4.1.2. Others
5.4.2. Insulin/Glucose Monitoring Devices
5.4.2.1. Insulin Pumps
5.4.2.2. Others
5.4.3. Rehabilitation Devices
5.4.3.1. Accelometers
5.4.3.2. Sensing Devices
5.4.3.3. Ultrasound Platform
5.4.3.4. Others
5.4.4. Respiratory Therapy Devices
5.4.4.1. Ventilators
5.4.4.2. Positive Airway Pressure (PAP) Devices
5.4.4.3. Portable Oxygen Concentrators
5.4.4.4. Others

6. Wearable Medical Devices Market, by Site
6.1. Key Findings
6.2. Introduction
6.2.1. Global Wearable Medical Devices Market, By Site, 2016-2027 (USD Million)
6.3. Handheld
6.3.1. Global Wearable Medical Devices Market, by Handheld, By Region, 2016- 2027 (USD Million)
6.4. Headband
6.4.1. Global Wearable Medical Devices Market, by Headband, by Region, 2016- 2027 (USD Million)
6.5. Strap/Clip/Bracelet
6.5.1. Global Wearable Medical Devices Market, by Strap/Clip/Bracelet, by Region, 2016- 2027 (USD Million)
6.6. Shoe Sensors
6.6.1. Global Wearable Medical Devices Market, by Shoe Sensors, by Region, 2016- 2027 (USD Million)
6.7. Others
6.7.1. Global Wearable Medical Devices Market, by Others, by Region, 2016- 2027 (USD Million)

7. Wearable Medical Devices Market Assessment by Application
7.1. Key Findings
7.2. Introduction
7.2.1. Global Wearable Medical Devices Market, By Application, 2016-2027 (USD Million)
7.3. Sports and Fitness
7.3.1. Global Wearable Medical Devices Market, by Sports and Fitness, by Region, 2016- 2027 (USD Million)
7.4. Remote Patient Monitoring
7.4.1. Global Wearable Medical Devices Market, by Remote Patient Monitoring, by Region, 2016- 2027 (USD Million)
7.5. Home Healthcare
7.5.1. Global Wearable Medical Devices Market, by Home Healthcare, by Region, 2016- 2027 (USD Million)

8. Wearable Medical Devices Market Assessment by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Wearable Medical Devices Market Assessment, By Geography, 2016- 2027 (USD Million)
8.3. Wearable Medical Devices Market - North America
8.3.1. North America: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.3.2. North America: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.3.3. North America: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.3.4. Wearable Medical Devices Market - U.S.
8.3.4.1. U.S.: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.3.4.2. U.S.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.3.4.3. U.S.: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.3.5. Wearable Medical Devices Market - Canada
8.3.5.1. Canada: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.3.5.2. Canada.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.3.5.3. Canada: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.4. Wearable Medical Devices Market - Europe
8.4.1. Europe: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.4.2. Europe.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.4.3. Europe: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.4.3.1. Wearable Medical Devices Market - UK
8.4.3.1.1. UK: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.4.3.1.2. UK.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.4.3.1.3. UK: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.4.3.2. Wearable Medical Devices Market - France
8.4.3.2.1. France: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.4.3.2.2. France.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.4.3.2.3. France: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.4.3.3. Wearable Medical Devices Market - Germany
8.4.3.3.1. Germany: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.4.3.3.2. Germany.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.4.3.3.3. Germany: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.4.3.4. Wearable Medical Devices Market - Italy
8.4.3.4.1. Italy: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.4.3.4.2. Italy.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.4.3.4.3. Italy: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.4.3.5. Wearable Medical Devices Market - Spain
8.4.3.5.1. Spain: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.4.3.5.2. Spain.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.4.3.5.3. Spain: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.4.3.6. Wearable Medical Devices Market - Netherlands
8.4.3.6.1. Netherlands: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.4.3.6.2. Netherlands.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.4.3.6.3. Netherlands: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.4.3.7. Wearable Medical Devices Market - Austria
8.4.3.7.1. Austria: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.4.3.7.2. Austria.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.4.3.7.3. Austria: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.5. Wearable Medical Devices Market - Asia-Pacific
8.5.1. Asia Pacific: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.5.2. Asia Pacific.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.5.3. Asia-pacific: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.5.4. Wearable Medical Devices Market - China
8.5.4.1. China: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.5.4.2. China.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.5.4.3. China: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.5.5. Wearable Medical Devices Market - India
8.5.5.1. India: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.5.5.2. India.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.5.5.3. India: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.5.6. Wearable Medical Devices Market - Malaysia
8.5.6.1. Malaysia: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.5.6.2. Malaysia.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.5.6.3. Malaysia: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.5.7. Wearable Medical Devices Market - Japan
8.5.7.1. Japan: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.5.7.2. Japan.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.5.7.3. Japan: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.5.8. Wearable Medical Devices Market - Indonesia
8.5.8.1. Indonesia: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.5.8.2. Indonesia.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.5.8.3. Indonesia: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.5.9. Wearable Medical Devices Market - South Korea
8.5.9.1. South Korea: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.5.9.2. South Korea.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.5.9.3. South Korea: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.6. Wearable Medical Devices Market - Middle East & Africa
8.6.1. Middle East & Africa: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.6.2. Middle East & Africa.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.6.3. Middle East & Africa: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.6.3.1. Wearable Medical Devices Market - Saudi Arabia
8.6.3.1.1. Saudi Arabia: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.6.3.1.2. Saudi Arabia.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.6.3.1.3. Saudi Arabia: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.6.3.2. Wearable Medical Devices Market - UAE
8.6.3.2.1. UAE: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.6.3.2.2. UAE.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.6.3.2.3. UAE: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.6.3.3. Wearable Medical Devices Market - Israel
8.6.3.3.1. Israel: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.6.3.3.2. Israel.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.6.3.3.3. Israel: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.6.3.4. Wearable Medical Devices Market - South Africa
8.6.3.4.1. South Africa: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.6.3.4.2. South Africa.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.6.3.4.3. South Africa: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.7. Wearable Medical Devices Market - Latin America
8.7.1. Latin America: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.7.2. Latin America.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.7.3. Latin America: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.7.4. Wearable Medical Devices Market - Mexico
8.7.4.1. Mexico: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.7.4.2. Mexico.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.7.4.3. Mexico: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.7.5. Wearable Medical Devices Market - Brazil
8.7.5.1. Brazil: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.7.5.2. Brazil.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.7.5.3. Brazil: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)
8.7.6. Wearable Medical Devices Market - Argentina
8.7.6.1. Argentina: Wearable Medical Devices Market, By Device Type, 2016- 2027 (USD Million)
8.7.6.2. Argentina.: Wearable Medical Devices Market, By Site, 2016- 2027 (USD Million)
8.7.6.3. Argentina: Wearable Medical Devices Market, By Application, 2016- 2027 (USD Million)

9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisition
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles
10.1. OMRON Corporation
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Developments
10.2. Medtronic plc.
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Developments
10.3. Koninklijke Philips N.V.
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Developments
10.4. Biotelemetry Inc.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Developments
10.5. Apple, Inc.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Developments
10.6. Dexcom Inc.
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Developments
10.7. Bio-Beat Technologies
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Developments
10.8. VitalConnect
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Developments
10.9. Verily Life Sciences
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Developments
10.10. VivaLnk, Inc
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Developments
Note: Product cover images may vary from those shown
  • Medtronic plc
  • OMRON Corp.
  • Biotelemetry Inc.
  • Apple Inc.
  • Koninklijke Philips
  • Dexcom Inc.
  • Abbott Laboratories
  • Verily Life Sciences
  • GE Healthcare
  • Bio-Beat Technologies
  • Masimo Corporation
  • iRhythm Technologies Inc.
  • Preventice Solutions Inc.
  • CONTEC Medical Systems Co. Ltd
  • VitalConnect
  • Minttihealth
  • Biotricity Inc.
  • Cyrcadia Asia Limited.
  • Garmin Ltd
  • Xiaomi Technologies
  • ten3T healthcare
  • Fitbit Inc.
  • Huawei Corporation
Note: Product cover images may vary from those shown
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