+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Wearable Medical Devices Global Market Report 2021: COVID-19 Growth and Change to 2030

  • ID: 5321392
  • Report
  • May 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Activeinsights Ltd.
  • Demant AS
  • General Electric Co.
  • Medtronic PLC
  • Philips
  • Sony Corporation
Wearable Medical Devices Global Market Report 2021: COVID-19 Growth and Change to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global wearable medical devices market.

This report focuses on the wearable medical devices market which is experiencing strong growth. The report gives a guide to the wearable medical devices market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order.
Description:

Where is the largest and fastest growing market for the wearable medical devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Wearable Medical Devices market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider wearable medical devices market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The wearable medical devices market section of the report gives context. It compares the wearable medical devices market with other segments of the wearable medical devices market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, wearable medical devices indicators comparison.
Scope

Markets Covered: 1) By Device Type: Diagnostic Devices; Therapeutic Devices 2) By Product Type: Watch; Wristband; Clothing; Ear Wear; Other Devices 3) By Distribution Channel: Pharmacies; Online Channel; HyperMarkets 4) By Application: Sports and Fitness; Remote Patient Monitoring; Home Healthcare; Ear Wear

Companies Mentioned: Philips; Polar Electro; Omron Corporation; Fitbit Inc.; Garmin Ltd.

Countries: Brazil; China; France; Germany; India; Indonesia; Japan; South Korea; Russia; UK; USA; Australia

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions; per capita expenditure.,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Activeinsights Ltd.
  • Demant AS
  • General Electric Co.
  • Medtronic PLC
  • Philips
  • Sony Corporation
1. Executive Summary

2. Wearable Medical Devices Market Characteristics

3. Wearable Medical Devices Market Trends and Strategies

4. Impact of COVID-19 on Wearable Medical Devices

5. Wearable Medical Devices Market Size and Growth
5.1. Global Wearable Medical Devices Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on The Market
5.2. Global Wearable Medical Devices Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market

6. Wearable Medical Devices Market Segmentation
6.1. Global Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Diagnostic Devices
  • Therapeutic Devices
6.2. Global Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Watch
  • Wristband
  • Clothing
  • Ear Wear
  • Other Devices
6.3. Global Wearable Medical Devices Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Pharmacies
  • Online Channel
  • HyperMarkets
6.4. Global Wearable Medical Devices Market, Segmentation By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Sports and Fitness
  • Remote Patient Monitoring
  • Home Healthcare
  • Ear Wear
7. Wearable Medical Devices Market Regional and Country Analysis
7.1. Global Wearable Medical Devices Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Wearable Medical Devices Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

8. Asia-Pacific Wearable Medical Devices Market
8.1. Asia-Pacific Wearable Medical Devices Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

9. China Wearable Medical Devices Market
9.1. China Wearable Medical Devices Market Overview
9.2. China Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

10. India Wearable Medical Devices Market
10.1. India Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

11. Japan Wearable Medical Devices Market
11.1. Japan Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

12. Australia Wearable Medical Devices Market
12.1. Australia Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

13. Indonesia Wearable Medical Devices Market
13.1. Indonesia Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

14. South Korea Wearable Medical Devices Market
14.1. South Korea Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

15. Western Europe Wearable Medical Devices Market
15.1. Western Europe Wearable Medical Devices Market Overview
15.2. Western Europe Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

16. UK Wearable Medical Devices Market
16.1. UK Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

17. Germany Wearable Medical Devices Market
17.1. Germany Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

18. France Wearable Medical Devices Market
18.4. France Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

19. Eastern Europe Wearable Medical Devices Market
19.1. Eastern Europe Wearable Medical Devices Market Overview
19.2. Eastern Europe Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

20. Russia Wearable Medical Devices Market
20.1. Russia Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

21. North America Wearable Medical Devices Market
21.1. North America Wearable Medical Devices Market Overview
21.2. North America Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

22. USA Wearable Medical Devices Market
22.1. USA Wearable Medical Devices Market Overview
22.2. USA Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

23. South America Wearable Medical Devices Market
23.1. South America Wearable Medical Devices Market Overview
23.2. South America Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

24. Brazil Wearable Medical Devices Market
24.1. Brazil Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

25. Middle East Wearable Medical Devices Market
25.1. Middle East Wearable Medical Devices Market Overview
25.2. Middle East Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

26. Africa Wearable Medical Devices Market
26.1. Africa Wearable Medical Devices Market Overview
26.2. Africa Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

27. Wearable Medical Devices Market Competitive Landscape and Company Profiles
27.1. Wearable Medical Devices Market Competitive Landscape
27.2. Wearable Medical Devices Market Company Profiles
27.2.1. Philips
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Polar Electro
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Omron Corporation
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Fitbit Inc.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Garmin Ltd.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers and Acquisitions in the Wearable Medical Devices Market

29. Wearable Medical Devices Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Activeinsights Ltd.
  • Demant AS
  • General Electric Co.
  • Medtronic PLC
  • Philips
  • Sony Corporation
Major players in the wearable medical devices market are Philips, Polar Electro, Omron Corporation, Fitbit Inc., Garmin Ltd., LifeWatch AG (BioTelemetry Inc.), Xiaomi Inc., VitalConnect, Jawbone Inc. and General Electric Co.

The global wearable medical devices market is expected to grow from $8.35 billion in 2020 to $10.28 billion in 2021 at a compound annual growth rate (CAGR) of 23.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $24.38 billion in 2025 at a CAGR of 24%.

The wearable medical devices market consists of sales of wearable medical equipment and related services that includes diagnostic devices and therapeutic devices like vital signs, sleep and neuro monitoring devices, electrocardiographs, pain management, and respiratory therapeutic devices among others. The companies involved in wearable medical devices market design, manufacture and market medical wearables like watches, wristbands, clothing, ear wear and other devices for the applications like Remote Patient Monitoring, Ear wear, Home healthcare, Sports and Fitness which are designed for patient management and life-style disease management like prevention of diseases and maintenance of health with advantages such as weight control and physical activity monitoring.

During the historic period, the rise in mortality rate due to non-communicable diseases with an increasing prevalence of chronic diseases and life-style associated diseases like hypertension and diabetes contributed to the growth of wearable medical devices. Healthcare industry is coming up with newer technologies to overcome this with necessary measures like continuous and remote patient monitoring facilities through wearables which can be worn over the body all-day long for continuous monitoring of the required parameters like vital signs, glucose levels and more. According to the world health organization (WHO), 2020, Non-communicable diseases (NCDs) will estimate 80% of the global disease burden. Seven out of every ten deaths in developing countries are caused by NCDs, and around half of these deaths are in people younger than 70 years. Moreover, the global NCD burden will rise by 17% in the next decade, and in Africa, it will grow by 27%. In 2019, a report published by Diabetics Research and Clinical Practice stated that the global diabetics population is estimated to be 463 million in 2019 which is 9.3% of global population and is expected to reach 578 million by 2030 and 700 million by 2045. The rise in number of chronic diseases coupled with growing awareness among the people is pushing them towards continuous monitoring which boosted the market growth.

Wearable device manufacturers collect and store data to sell them to the customer itself by charging certain amount on monthly basis or periodically as per the requirement or to third-parties at places where this information is not considered as Protected Health Information. There is a higher exposure of sensitive data as the amount of data handled by Medical Internet of Things devices are growing exponentially. The major data privacy concerns arise during the transmission of data to a cloud and during its storage. In 2018, a study released by Center for Digital Democracy and the School of Communication at American University revealed that Americans are facing a growing loss of sensitive information with the use of wearable medical devices as the US health privacy regulatory system doesn't reach the expectation of data privacy with wearables. In 2019, a survey conducted for wearable device users revealed that half of the respondents are unaware of the privacy concerns related with the wearable devices. There are risks pertaining to the access and security of the personal information collected by the third-party healthcare service providers which is expected to hamper the growth of the market during the forecast period.

The wearable medical devices market covered in this report is segmented by device type into diagnostic devices, therapeutic devices. It is also segmented by product type into watch, wristband, clothing, ear wear, other devices, by distribution channel into pharmacies, online channel, hypermarkets and by application into sports and fitness, remote patient monitoring, home healthcare, ear wear.

Integrating artificial intelligence in the wearable medical devices is gaining traction. The data collected by the wearable medical devices lacks value without the integration of artificial intelligence (AI) that better utilizes the data collected. AI doctor which is a standalone network with deep learning algorithm performs well than trained medical practitioners in conditions like skin lesions, electrocardiograms, medical imaging and pathology. In 2020, Apple acquired Xnor.ai that develops technology like artificial intelligence to gain access for low-power AI tools for image recognition in wearables and others. A study published in 2019 revealed that AI and biometric monitoring devices are considered as an advantage by 47% of the respondents as it brings efficient healthcare to the patient and an overall of 20% respondents considered the benefits outweighed the dangers of artificial intelligence integration into wearables. 55% considered that it could improve their follow-up and quality of care, 23% believed it would reduce the cost of treatment. The wearable device app developers are increasingly focused on integrating AI into the apps to analyze the remotely collected data for better interpreting the ailment by an AI doctor.

In 2019, Google, a US-based technology company that develops internet-related services and products like search engines, cloud computing, online advertisements, software and more, announced to acquire Fitbit Inc. for $7.35 per share in cash valuing totally to $2.1 billion. The deal will benefit both the companies by designing and manufacturing innovative wearables by integrating the best hardware, software and artificial intelligence to reach even more people around the globe. Fitbit Inc., a US-based wearables company designs innovative products that track the daily health and fitness of the consumer in the form of smartwatches, activity trackers, wireless headphones and smart scales.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Philips
  • Polar Electro
  • Omron Corporation
  • Fitbit Inc.
  • Garmin Ltd.
  • LifeWatch AG (BioTelemetry Inc.)
  • Xiaomi Inc.
  • VitalConnect
  • Jawbone Inc.
  • General Electric Co.
  • Medtronic PLC
  • Sotera Wireless
  • Basis Science Inc.
  • Intelesens Ltd.
  • Withings
  • World Global Network
  • Activeinsights Ltd.
  • Misfit (A Part of Fossil Group) (Misfit)
  • Drägerwerk AG & Co. KGaA
  • LG Electronics
  • Sony Corporation
  • Nike Inc.
  • Samsung
  • Boston Scientific
  • Honeywell International Inc.
  • Pebble Technology Corp.
  • Demant AS
  • Sonova Group
  • Alphabet Inc.
Note: Product cover images may vary from those shown

Loading
LOADING...

Adroll
adroll