Market Research Report

Global Wearable Medical Devices Market Report By Product (Sleep Monitoring Devices, Electrocardiographs Fetal and Obstetric Devices, Neuromonitoring Devices, Therapeutic Devices, Insulin/Glucose Monitoring Devices, Rehabilitation Devices, Respiratory Therapy Devices), By Site (Handheld, Headband, Strap/Clip/Bracelet, Shoe Sensors, Others), By Application (Sports and Fitness, Remote Patient Monitoring, Home Healthcare) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028

ID:VMR11214489
April 2021
Report Formats: Report Formats
Global Wearable Medical Devices Market Overview
The key driver impacting the wearable medical devices market is the rapidly growing prevalence of lifestyle-associated disorders, such as diabetes and hypertension, which need continuous monitoring of several physiological parameters, for instance, blood sugar levels and blood pressure. For example, As per WHO, High Blood Pressure is one of the leading causes of death worldwide, accounts for 10.4 million deaths every year. Around 1.13 billion people globally have hypertension, and about two-thirds are living in middle and low-income countries. One of the WHO, global targets for non-communicable diseases is to decrease the prevalence of hypertension by 25% by 2025. Similarly, As per the IDF Diabetes Atlas 2019 report, diabetes is among the fastest-growing health challenges of the 21st century. The total number of adults suffering from diabetes has over tripled in the past 20 years. In 2000, the worldwide estimation of diabetic adults was 151 million and increased by 88% to 285 million. In 2019 there were 463 million diabetes people. IDF predicts that there will be around 578 million adults with diabetes by 2030 and 700 million by the year 2045. Moreover, the development of technologically advanced products with increasing awareness about physical fitness and wearable devices among the population contributes to market growth in the forecast period.
According to Value Market Research, the global wearable medical devices market size was valued at around USD 16,500 million in 2020 and is estimated to develop at a CAGR of about 26% during the forecast period 2021 to 2027.

The rising disposable income and healthcare expenditure leads to the vast adoption of wearable medical devices among people and healthcare units to augment demand for wearable medical devices in the forecast period. For instance, As per the democratic media organization, there were 232 million wearable devices sold in 2015 in the U.S., as consumers highly prefer watches and fitness trackers. One-in-five Americans use a smartwatch or fitness tracker as per the Pew Research Center survey conducted in 2019. However, the issues related to data security may hamper the market in the long run. The cost-intensive nature of wearable devices is negatively impacting the market. The current industry trends, growing awareness and preference for home healthcare, and increasing mobile platforms' adoption are expected to provide market players with new market opportunities.

The wearable medical devices market is vast, with many local and global players. The wearable medical devices market is extensive, with many local and international players. The key leaders follow various strategies to elevate their market position, such as product upgrades, extending product portfolio, contracts, amalgamation, and acquisitions, to raise their market share across the globe. For instance, In 2020, Fitbit, Inc. (US) had launched Fitbit Charge 4, an activity tracker. The significant players studied in the report are  Philips Electronics, Basis Science, Fitbit, Garmin, Everist Genomics, Covidien, Basis Science, Vital Connect, Sotera Wireless, Omron Corp., Withings, Polar Electro, Intelesens, and Sotera Wireless.


Global Wearable Medical Devices Market Share
In this research report, the wearable medical devices market is segmented by product, site, application, and region.

Analysis by Product: 
By product, the report is categorized into diagnostic devices and therapeutic devices. Diagnostic devices dominate the product segment with over 60% share in 2020. The diagnostic devices segment is further divided into vital sign monitoring devices, sleep monitoring devices, electrocardiographs, fetal and obstetric devices, neuromonitoring devices, therapeutic devices, insulin/glucose monitoring devices, rehabilitation devices, and respiratory therapy devices. Neuromonitoring devices are anticipated to show considerable growth in the forecast period. It is due to the growing prevalence of neurological disorders globally. Moreover, the increasing awareness of the population regarding neurological wearables' ability to constantly assess individuals' cognitive capabilities during daily activities contributes to the high demand for diagnostic devices in the forecast period.

Analysis by Site:
By site, the report is categorized into a handheld, headband, strap/clip/bracelet, shoe sensors, and others. The strap/clip/bracelet dominates the site segment with over 50% share in 2020. It is due to the massive adoption of products like smartwatches, which allow monitoring of several parameters such as mobility, respiratory rate, and pulse rate coupled with Bluetooth and cloud connectivity. Moreover, the growing technological advancement in the development of wrist-worn products such as Healthpatch by Vital Connect in March 2014 is expected to drive Strap/Clip/Bracelet's market demand in the forecast period. 
 
Analysis by Application:
By applications, the report is categorized into remote patient monitoring, sports and fitness, remote patient monitoring, and home healthcare. The home healthcare segment dominates the applications segment with over 50% share in 2020. It is due to the increasing geriatric population triggering prevalence rates of target diseases and growing requirement to restrain healthcare expenditure. Moreover, high preference for home healthcare devices as it offers convenience and cost-effectiveness in monitoring medical parameters at home and is expected to drive the market demand for home healthcare applications in the forecast period.  

Analysis by Region:
In the regional outlook of the global wearable medical devices market, the North America region dominates globally with a 37% market share during the forecast period. It is due to the growing prevalence of cardiovascular disorders, diabetes, and cancer. Also, the rise in chronic diseases that need routine monitoring and high medical expenditure drives the market growth of the region. Moreover, the presence of sophisticated healthcare infrastructure in the U.S. and Canada contributes to market growth across North America.

Market Segmentation covered in the Report:
By Product
  • 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
  • Neuromonitoring Devices
    • Electroencephalographs
    • Electromyographs
    • Others
  • Therapeutic Devices
  • Pain Management Devices
    • Neurostimulation Devices
    • Others
  • Insulin/Glucose Monitoring Devices
    • Insulin Pumps
    • Others
  • Rehabilitation Devices
    • Accelerometers
    • Sensing Devices
    • Ultrasound Platform
    • Others
  • Respiratory Therapy Devices
    • Ventilators
    • Positive Airway Pressure (PAP) Devices
    • Portable Oxygen Concentrators
    • Others
By Site
  • Handheld
  • Headband
  • Strap/Clip/Bracelet
  • Shoe Sensors
  • Others
 
By Application
  • Sports And Fitness
  • Remote Patient Monitoring
  • Home Healthcare
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.   

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . WEARABLE MEDICAL DEVICES – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Product
           3.7.2 By Site
           3.7.3 By Application
           3.7.4 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL WEARABLE MEDICAL DEVICES MARKET ANALYSIS BY PRODUCT
       6.1 Overview by Product
       6.2 Historical and Forecast Data
       6.3 Analysis by Product
       6.4 Sleep Monitoring Devices Market by Regions
       6.5 Electrocardiographs Fetal And Obstetric Devices Market by Regions
       6.6 Neuromonitoring Devices Market by Regions
       6.7 Therapeutic Devices Market by Regions
       6.8 Insulin/Glucose Monitoring Devices Market by Regions
       6.9 Rehabilitation Devices Market by Regions
       6.10. Respiratory Therapy Devices Market by Regions
 
7 . GLOBAL WEARABLE MEDICAL DEVICES MARKET ANALYSIS BY SITE
       7.1 Overview by Site
       7.2 Historical and Forecast Data
       7.3 Analysis by Site
       7.4 Handheld Market by Regions
       7.5 Headband Market by Regions
       7.6 Strap/Clip/Bracelet Market by Regions
       7.7 Shoe Sensors Market by Regions
       7.8 Others Market by Regions
 
8 . GLOBAL WEARABLE MEDICAL DEVICES MARKET ANALYSIS BY APPLICATION
       8.1 Overview by Application
       8.2 Historical and Forecast Data
       8.3 Analysis by Application
       8.4 Sports And Fitness Market by Regions
       8.5 Remote Patient Monitoring Market by Regions
       8.6 Home Healthcare Market by Regions
 
9 . GLOBAL WEARABLE MEDICAL DEVICES MARKET ANALYSIS BY GEOGRAPHY
       9.1. Regional Outlook
       9.2. Introduction
       9.3. North America
           9.3.1. Overview, Historic and Forecast Data
           9.3.2. North America By Segment
           9.3.3. North America By Country
           9.3.4. United State
           9.3.5. Canada
           9.3.6. Mexico
       9.4. Europe
           9.4.1. Overview, Historic and Forecast Data
           9.4.2. Europe by Segment
           9.4.3. Europe by Country
           9.4.4. United Kingdom
           9.4.5. France
           9.4.6. Germany
           9.4.7. Italy
           9.4.8. Russia
           9.4.9. Rest Of Europe
       9.5. Asia Pacific
           9.5.1. Overview, Historic and Forecast Data
           9.5.2. Asia Pacific by Segment
           9.5.3. Asia Pacific by Country
           9.5.4. China
           9.5.5. India
           9.5.6. Japan
           9.5.7. South Korea
           9.5.8. Australia
           9.5.9. Rest Of Asia Pacific
       9.6. Latin America
           9.6.1. Overview, Historic and Forecast Data
           9.6.2. Latin America by Segment
           9.6.3. Latin America by Country
           9.6.4. Brazil
           9.6.5. Argentina
           9.6.6. Peru
           9.6.7. Chile
           9.6.8. Rest of Latin America
       9.7. Middle East & Africa
           9.7.1. Overview, Historic and Forecast Data
           9.7.2. Middle East & Africa by Segment
           9.7.3. Middle East & Africa by Country
           9.7.4. Saudi Arabia
           9.7.5. UAE
           9.7.6. Israel
           9.7.7. South Africa
           9.7.8. Rest Of Middle East And Africa
 
10 . COMPETITIVE LANDSCAPE OF THE WEARABLE MEDICAL DEVICES COMPANIES
       10.1. Wearable Medical Devices Market Competition
       10.2. Partnership/Collaboration/Agreement
       10.3. Merger And Acquisitions
       10.4. New Product Launch
       10.5. Other Developments
 
11 . COMPANY PROFILES OF WEARABLE MEDICAL DEVICES INDUSTRY
       11.1. Company Share Analysis
       11.2. Market Concentration Rate
       11.3. Philips Electronics
           11.3.1. Company Overview
           11.3.2. Financials
           11.3.3. Products
           11.3.4. Recent Developments
       11.4. Basis Science
           11.4.1. Company Overview
           11.4.2. Financials
           11.4.3. Products
           11.4.4. Recent Developments
       11.5. Fitbit
           11.5.1. Company Overview
           11.5.2. Financials
           11.5.3. Products
           11.5.4. Recent Developments
       11.6. Garmin
           11.6.1. Company Overview
           11.6.2. Financials
           11.6.3. Products
           11.6.4. Recent Developments
       11.7. Everist Genomics
           11.7.1. Company Overview
           11.7.2. Financials
           11.7.3. Products
           11.7.4. Recent Developments
       11.8. Covidien
           11.8.1. Company Overview
           11.8.2. Financials
           11.8.3. Products
           11.8.4. Recent Developments
       11.9. Basis Science
           11.9.1. Company Overview
           11.9.2. Financials
           11.9.3. Products
           11.9.4. Recent Developments
       11.10. Vital Connect
           11.10.1. Company Overview
           11.10.2. Financials
           11.10.3. Products
           11.10.4. Recent Developments
       11.11. Sotera Wireless
           11.11.1. Company Overview
           11.11.2. Financials
           11.11.3. Products
           11.11.4. Recent Developments
       11.12. Omron Corp.
           11.12.1. Company Overview
           11.12.2. Financials
           11.12.3. Products
           11.12.4. Recent Developments
       11.13. ithings
           11.13.1. Company Overview
           11.13.2. Financials
           11.13.3. Products
           11.13.4. Recent Developments
       11.14. Polar Electro
           11.14.1. Company Overview
           11.14.2. Financials
           11.14.3. Products
           11.14.4. Recent Developments
       11.15. Intelesens
           11.15.1. Company Overview
           11.15.2. Financials
           11.15.3. Products
           11.15.4. Recent Developments
       11.16. Sotera Wireless
           11.16.1. Company Overview
           11.16.2. Financials
           11.16.3. Products
           11.16.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Product (USD MN)
  •  Sleep Monitoring Devices Market by Geography (USD MN)
  •  Electrocardiographs Fetal And Obstetric Devices Market by Geography (USD MN)
  •  Neuromonitoring Devices Market by Geography (USD MN)
  •  Therapeutic Devices Market by Geography (USD MN)
  •  Insulin/Glucose Monitoring Devices Market by Geography (USD MN)
  •  Rehabilitation Devices Market by Geography (USD MN)
  •  Respiratory Therapy Devices Market by Geography (USD MN)
  •  Analysis Market by Site (USD MN)
  •  Handheld Market by Geography (USD MN)
  •  Headband Market by Geography (USD MN)
  •  Strap/Clip/Bracelet Market by Geography (USD MN)
  •  Shoe Sensors Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Analysis by Application (USD MN)
  •  Sports And Fitness Market by Geography (USD MN)
  •  Remote Patient Monitoring Market by Geography (USD MN)
  •  Home Healthcare Market by Geography (USD MN)
  •  Global Wearable Medical Devices Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Wearable Medical Devices Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Wearable Medical Devices Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Product
  •  Market Attractiveness Analysis by Site
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Product (USD MN)
  •  Sleep Monitoring Devices Market by Geography (USD MN)
  •  Electrocardiographs Fetal And Obstetric Devices Market by Geography (USD MN)
  •  Neuromonitoring Devices Market by Geography (USD MN)
  •  Therapeutic Devices Market by Geography (USD MN)
  •  Insulin/Glucose Monitoring Devices Market by Geography (USD MN)
  •  Rehabilitation Devices Market by Geography (USD MN)
  •  Respiratory Therapy Devices Market by Geography (USD MN)
  •  Global Market Analysis by Site (USD MN)
  •  Handheld Market by Geography (USD MN)
  •  Headband Market by Geography (USD MN)
  •  Strap/Clip/Bracelet Market by Geography (USD MN)
  •  Shoe Sensors Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  Sports And Fitness Market by Geography (USD MN)
  •  Remote Patient Monitoring Market by Geography (USD MN)
  •  Home Healthcare Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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