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Wearable Medical Devices Market - By Device Type (Diagnostic & Monitoring Devices and Therapeutic Devices), By Application (Sports & Fitness, Home Healthcare, and Remote Patient Monitoring), By Type (Activity Monitors, Smart Clothing, Patches, and Smartwatches), By Distribution Channel (Pharmacies, Hypermarkets, and Online Channel), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019–2025

Published Date: 04-Apr-2019 Category: Medical Device Report Format : PDF Pages: 160 Report Code: ZMR-3993 Status : Published

Global Wearable Medical Devices Market value is estimated at 24,941 USD Million by 2025 and is projected to grow at a CAGR of over 18.4% during the period from 2019 to 2025

Description

The global wearable medical devices market value is estimated at 24,941 (USD Million) by 2025 and is projected to grow at a CAGR of over 18.4% during the period from 2019 to 2025. The report offers valuation and analysis of surface protection tapes market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, revenue estimates, avenues, current & emerging trends, and industry-validated market information. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).

Details of the Report:

Report Metric

Details

Base Year

2018

Historical Data

2016 and 2017

Forecast period

2019-2025

Market Representation

Earnings provided in terms of USD Million and CAGR estimated from 2019 to 2025

Segments Analyzed

By Device Type, By Application, By Type, By Distribution Channel, and By Region

Regions Analyzed

North America, Asia Pacific, Latin America, Europe, and the Middle East and Africa

Introduction

Breakthroughs in wireless technologies, connected things, low-power electronics, and connected healthcare sectors are anticipated to bring a paradigm shift in the wearable medical devices industry over the forthcoming years. Furthermore, wearable sensors have the ability to interact with human skin. They play a vital part in influencing the growth & awareness of the personalized medicine industry through a constant collection of information or data pertaining to the human body.

Furthermore, wearable medical devices can help the healthcare service providers in knowing the changes taking place in the health status of an individual and assist in preventive intervention through early diagnosis & treatment. According to NCBI, wearable medical devices also referred to as wearable health devices is an evolving technology that helps the people in seamless self-health monitoring or vital sign monitoring during work, during sports activities, at home, and at clinics.  This will further inflate the product sales resulting in the enormous growth of wearable medical devices market over the coming years.

Precisely, wearable medical devices as medical technologies have today become an integral component of personal analytics and determine the health status of the individual, record bodily parameters, and inform medication schedule. Apart from this, constant evolution in the wearable medical technologies and breakthroughs in electronics systems, microfluidics, AI algorithms, and electrochemical biosensors will enable wearable medical devices to create as well as garner real-time medical information about the individual. This, in turn, will spearhead the growth of wearable medical devices market over the forecast timespan.

Furthermore, the data collected through the wearable medical devices can be easily transferred to the web or other equipment through a 3G network connection, LTE, body area network, smartphone, Bluetooth, 4G networks, Wi-Fi, and 5G networks. The data can also be sent to the physician to get feedback about the health of an individual. This aspect will promote the wearable medical devices market growth trends over the forthcoming years.

Global Wearable Medical Devices Market

Key Growth Drivers

The escalating requirement of real-time monitoring of chronic ailments including sleep apnea, cognitive disorders, heart ailments, diabetes, gastrointestinal disorder, movement disorder, and mental health issues most prominently witnessed in the geriatric population is likely to define the growth of the wearable medical devices market over the upcoming years. Moreover, the onset of new technologies such as service robots, AI, big data analytics, IoT, and advanced signal processing is likely to bring a paradigm shift in the functionalities or operations of wearable medical devices in the near future.

Moreover, wearable medical devices are a convenient means of assessing varied physiological features in human beings. Industry players are keen on including additional features so that these products can be used for the ambulatory purpose. This, in turn, will further expand the wearable medical devices market scope over the forecasting years.

Additionally, new wrist-mounted devices including smart watches & fitness bands are now available with drastic enhancement in battery longitivity and hardware miniaturization for transforming raw information into real-time interpretable information. Today, smart watches are one of the most popular wearable medical devices. Citing an instance, GlucoWatch® biographer, a first non-invasive glucose monitor smart watch approved by U.S. FDA for commercial use, is a wearable medical device offering constant, automated, exact, and non-invasive measurements of the glucose present in the human body. Reportedly, the device gets the data pertaining to the concentration of glucose in the body through reverse Iontophoresis via fluid of skin interstitial. This will create a lucrative demand for wearable medical devices in the foreseeable future.

Apparently, smart watches are also used to detect Parkinson's ailment in an individual through analyzing of tremor & balancing of dysfunction with an accelerometer. In addition to this, e-textiles or smart textiles or smart clothing are also used to monitor physiological signals like rate of heart beats daily, the temperature at regular intervals of time, and daily breathing rate as a routine activity. Apart from this, it also measures biomechanics and physical activities encompassing body acceleration and body motion. This will translate into the humungous growth of wearable medical devices market over the ensuing years.

With breakthroughs in sensor techniques, data analysis methods, MEMS, physiotherapy, telecommunications, and microelectronics, attachable health monitoring devices, also referred to as next-gen personal portable healthcare instruments are likely to be manufactured. This, in turn, is anticipated to offer bright growth prospects for the wearable medical devices industry over the forecast period.

North America To Lead Overall Wearable Medical Devices Industry Over 2019-2025

The regional wearable medical devices market growth over the forecast period is attributed to large-scale presence of industry behemoths in the countries like the U.S. According to survey conducted by Forbes in first half of 2018, nearly 32% of the millennial parents in the U.S. agreed that they will permit their teenage children to wear wearable AI health tracker The magazine also demonstrated that nearly 22% of millennial parents in the U.S. allowed the wearing of wearable AI health tracker for their children aging five years old.

Furthermore, it was found that the millennial parents in the U.S. were of the view that children of five years of age required constant monitoring as they are unable to know the warning signs of symptoms of severe diseases. Even, parents conveyed that wearable technology can monitor particular conditions of illness in the children as the latter are unable to communicate it to the parents. This has resulted in humungous demand for wearable medical devices in the U.S., thereby spearheading the growth of the wearable medical devices market in the North American sub-continent.

Key players leveraging the wearable medical devices market growth and profiled in the report include Samsung Electronics Co., Ltd., Activinsights Ltd., Xiaomi Corporation, Fitbit, Inc., Apple Inc., Garmin Limited, Huawei Technologies Co., Ltd., OMRON Corporation, Polar Electro Oy, and VitalConnect.

The global wearable medical devices market is segmented as follows:

By Device Type

  • Diagnostic and Monitoring Devices
    • Vital Sign Monitoring Devices
    • Sleep Monitoring Devices
    • Glucose Monitoring Devices
    • Fetal Monitoring and Obstetric Devices
    • Neuromonitoring Devices
  • Therapeutic Devices
    • Rehabilitation Devices
    • Respiratory Therapy Devices
    • Pain Management Devices
    • Insulin Pumps

By Application

  • Sports and Fitness
  • Home Healthcare
  • Remote Patient Monitoring

By Type

  • Activity Monitors
  • Smart Clothing
  • Patches
  • Smartwatches

By Distribution Channel

  • Pharmacies
  • Hypermarkets
  • Online Channel

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Wearable Medical Devices market, 2016-2025 (USD Million)
    • 2.2. Global Wearable Medical Devices market: snapshot
  • Chapter 3. Wearable Medical Devices Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global Wearable Medical Devices market drivers: impact analysis
      • 3.2.2. Improving healthcare infrastructure
      • 3.2.3. Rising demand for wearable medical devices
      • 3.2.4. Growing prevalence of chronic diseases
      • 3.2.5. Growing geriatric population
    • 3.3. Market Restraints
      • 3.3.1. Global Wearable Medical Devices market restraints: impact analysis
      • 3.3.2. Less affordability among emerging countries
      • 3.3.3. Data security
    • 3.4. Opportunities
      • 3.4.1. Increasing demand for digital healthcare management
      • 3.4.2. Government support
    • 3.5. Porter's Five Forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by Device Type
      • 3.6.2. Market attractiveness analysis, by Application
      • 3.6.3. Market attractiveness analysis, by Type
      • 3.6.4. Market attractiveness analysis, by Distribution Channel
      • 3.6.5. Market attractiveness analysis, by Region
  • Chapter 4. Global Wearable Medical Devices Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Wearable Medical Devices market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New therapy launch
      • 4.2.3. Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4. Research and development and regional expansion
  • Chapter 5. Global Wearable Medical Devices Market - Device Type Analysis
    • 5.1. Global Wearable Medical Devices market: product overview
      • 5.1.1. Global Wearable Medical Devices market revenue share, by Device Type, 2018 and 2025
    • 5.2. Diagnostic & Monitoring Devices
      • 5.2.1. Global Wearable Medical Devices market for Diagnostic & Monitoring Devices, 2016-2025 (USD Million)
      • 5.2.2. Global Diagnostic & Monitoring Wearable Medical Devices Market for Vital Sign Monitoring Devices, 2016-2025 (USD Million)
      • 5.2.3. Global Diagnostic & Monitoring Wearable Medical Devices Market for Sleep Monitoring Devices, 2016-2025 (USD Million)
      • 5.2.4. Global Diagnostic & Monitoring Wearable Medical Devices Market for Glucose Monitoring Devices, 2016-2025 (USD Million)
      • 5.2.5. Global Diagnostic & Monitoring Wearable Medical Devices Market for Fetal Monitoring & Obstetric Devices, 2016-2025 (USD Million)
      • 5.2.6. Global Diagnostic & Monitoring Wearable Medical Devices Market for Neuromonitoring Devices, 2016-2025 (USD Million)
    • 5.3. Therapeutic Devices
      • 5.3.1. Global Wearable Medical Devices market for Therapeutic Devices, 2016-2025 (USD Million)
      • 5.3.2. Global Therapeutic Wearable Medical Devices Market for Rehabilitation Devices, 2016-2025 (USD Million)
      • 5.3.3. Global Therapeutic Wearable Medical Devices Market for Respiratory Therapy Devices, 2016-2025 (USD Million)
      • 5.3.4. Global Therapeutic Wearable Medical Devices Market for Pain Management Devices, 2016-2025 (USD Million)
      • 5.3.5. Global Therapeutic Wearable Medical Devices Market for Insulin Pumps, 2016-2025 (USD Million)
  • Chapter 6. Global Wearable Medical Devices Market - Application Analysis
    • 6.1. Global Wearable Medical Devices market: Application overview
      • 6.1.1. Global Wearable Medical Devices market revenue share, by Application, 2018 and 2025
    • 6.2. Sports & Fitness
      • 6.2.1. Global Wearable Medical Devices market for Sports & Fitness, 2016-2025 (USD Million)
    • 6.3. Home Healthcare
      • 6.3.1. Global Wearable Medical Devices market for Home Healthcare, 2016-2025 (USD Million)
    • 6.4. Remote Patient Monitoring
      • 6.4.1. Global Wearable Medical Devices market for Remote Patient Monitoring, 2016-2025 (USD Million)
  • Chapter 7. Global Wearable Medical Devices Market - Type Analysis
    • 7.1. Global Wearable Medical Devices market: Type overview
      • 7.1.1. Global Wearable Medical Devices market revenue share, by Type, 2018 and 2025
    • 7.2. Activity Monitors
      • 7.2.1. Global Wearable Medical Devices market for Activity Monitors, 2016-2025 (USD Million)
    • 7.3. Smart Clothing
      • 7.3.1. Global Wearable Medical Devices market for Smart Clothing, 2016-2025 (USD Million)
    • 7.4. Patches
      • 7.4.1. Global Wearable Medical Devices market for Patches, 2016-2025 (USD Million)
    • 7.5. Smartwatches
      • 7.5.1. Global Wearable Medical Devices market for Smartwatches, 2016-2025 (USD Million)
  • Chapter 8. Global Wearable Medical Devices Market - Distribution Channel Analysis
    • 8.1. Global Wearable Medical Devices Market: Distribution Channel overview
      • 8.1.1. Global Wearable Medical Devices market revenue share, by Distribution Channel, 2018 and 2025
    • 8.2. Pharmacies
      • 8.2.1. Global Wearable Medical Devices market for Pharmacies, 2016-2025 (USD Million)
    • 8.3. Hypermarkets
      • 8.3.1. Global Wearable Medical Devices market for Hypermarkets, 2016-2025 (USD Million)
    • 8.4. Online Channel
      • 8.4.1. Global Wearable Medical Devices market for Online Channel, 2016-2025 (USD Million)
  • Chapter 9. Global Wearable Medical Devices Market - Regional Analysis
    • 9.1. Global Wearable Medical Devices market: regional overview
      • 9.1.1. Global Wearable Medical Devices market revenue share, by region, 2018 and 2025
    • 9.2. North America
      • 9.2.1. North America Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
      • 9.2.2. North America Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
      • 9.2.3. North America Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
      • 9.2.4. North America Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.2.5. The U.S.
        • 9.2.5.1. The U.S. Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.2.5.2. The U.S. Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.2.5.3. The U.S. Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.2.5.4. The U.S. Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.2.6. Rest of North America
        • 9.2.6.1. Rest of North America Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.2.6.2. Rest of North America Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.2.6.3. Rest of North America Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.2.6.4. Rest of North America Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
    • 9.3. Europe
      • 9.3.1. Europe Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
      • 9.3.2. Europe Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
      • 9.3.3. Europe Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
      • 9.3.4. Europe Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.3.5. UK
        • 9.3.5.1. UK Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.3.5.2. UK Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.3.5.3. UK Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.3.5.4. UK Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.3.6. Germany
        • 9.3.6.1. Germany Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.3.6.2. Germany Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.3.6.3. Germany Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.3.6.4. Germany Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.3.7. France
        • 9.3.7.1. France Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.3.7.2. France Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.3.7.3. France Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.3.7.4. France Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.3.8. Italy
        • 9.3.8.1. Italy Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.3.8.2. Italy Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.3.8.3. Italy Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.3.8.4. Italy Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.3.9. Spain
        • 9.3.9.1. Spain Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.3.9.2. Spain Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.3.9.3. Spain Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.3.9.4. Spain Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.3.10. Rest of Europe
        • 9.3.10.1. Rest of Europe Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.3.10.2. Rest of Europe Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.3.10.3. Rest of Europe Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.3.10.4. Rest of Europe Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
    • 9.4. Asia Pacific
      • 9.4.1. Asia Pacific Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
      • 9.4.2. Asia Pacific Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
      • 9.4.3. Asia Pacific Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
      • 9.4.4. Asia Pacific Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.4.5. China
        • 9.4.5.1. China Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.4.5.2. China Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.4.5.3. China Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.4.5.4. China Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.4.6. Japan
        • 9.4.6.1. Japan Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.4.6.2. Japan Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.4.6.3. Japan Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.4.6.4. Japan Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.4.7. India
        • 9.4.7.1. India Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.4.7.2. India Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.4.7.3. India Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.4.7.4. India Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.4.8. Southeast Asia
        • 9.4.8.1. Southeast Asia Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.4.8.2. Southeast Asia Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.4.8.3. Southeast Asia Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.4.8.4. Southeast Asia Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.4.9. Rest of Asia Pacific
        • 9.4.9.1. Rest of Asia Pacific Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.4.9.2. Rest of Asia Pacific Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.4.9.3. Rest of Asia Pacific Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.4.9.4. Rest of Asia Pacific Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
    • 9.5. Latin America
      • 9.5.1. Latin America Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
      • 9.5.2. Latin America Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
      • 9.5.3. Latin America Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
      • 9.5.4. Latin America Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.5.5. Brazil
        • 9.5.5.1. Brazil Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.5.5.2. Brazil Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.5.5.3. Brazil Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.5.5.4. Brazil Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
      • 9.5.6. Rest of Latin America
        • 9.5.6.1. Rest of Latin America Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
        • 9.5.6.2. Rest of Latin America Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
        • 9.5.6.3. Rest of Latin America Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
        • 9.5.6.4. Rest of Latin America Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
    • 9.6. The Middle East and Africa
      • 9.6.1. The Middle East and Africa Wearable Medical Devices market revenue, by Device Type, 2016-2025 (USD Million)
      • 9.6.2. The Middle East and Africa Wearable Medical Devices market revenue, by Application, 2016-2025 (USD Million)
      • 9.6.3. The Middle East and Africa Wearable Medical Devices market revenue, by Type, 2016-2025 (USD Million)
      • 9.6.4. The Middle East and Africa Wearable Medical Devices market revenue, by Distribution Channel, 2016-2025 (USD Million)
  • Chapter 10. Company Profile
    • 10.1. Samsung Electronics Co. Ltd.
      • 10.1.1. Overview
      • 10.1.2. Financials
      • 10.1.3. Product portfolio
      • 10.1.4. Business strategy
      • 10.1.5. Recent developments
    • 10.2. Xiaomi Technology Co., Ltd.
      • 10.2.1. Overview
      • 10.2.2. Financials
      • 10.2.3. Product portfolio
      • 10.2.4. Business strategy
      • 10.2.5. Recent developments
    • 10.3. Fitbit, Inc.
      • 10.3.1. Overview
      • 10.3.2. Financials
      • 10.3.3. Product portfolio
      • 10.3.4. Business strategy
      • 10.3.5. Recent developments
    • 10.4. Apple Inc.
      • 10.4.1. Overview
      • 10.4.2. Financials
      • 10.4.3. Product portfolio
      • 10.4.4. Business strategy
      • 10.4.5. Recent developments
    • 10.5. Garmin Corporation
      • 10.5.1. Overview
      • 10.5.2. Financials
      • 10.5.3. Product portfolio
      • 10.5.4. Business strategy
      • 10.5.5. Recent developments
    • 10.6. Huawei Technologies Co., Ltd.
      • 10.6.1. Overview
      • 10.6.2. Financials
      • 10.6.3. Product portfolio
      • 10.6.4. Business strategy
      • 10.6.5. Recent developments
    • 10.7. OMRON Corporation
      • 10.7.1. Overview
      • 10.7.2. Financials
      • 10.7.3. Product portfolio
      • 10.7.4. Business strategy
      • 10.7.5. Recent developments
    • 10.8. Polar Electro
      • 10.8.1. Overview
      • 10.8.2. Financials
      • 10.8.3. Product portfolio
      • 10.8.4. Business strategy
      • 10.8.5. Recent developments
    • 10.9. Activinsights Ltd.
      • 10.9.1. Overview
      • 10.9.2. Financials
      • 10.9.3. Product portfolio
      • 10.9.4. Business strategy
      • 10.9.5. Recent developments
    • 10.10. VitalConnect
      • 10.10.1. Overview
      • 10.10.2. Financials
      • 10.10.3. Product portfolio
      • 10.10.4. Business strategy
      • 10.10.5. Recent developments

Methodology

Free Analysis

Biosensors that monitor physiological data, usually using wireless communication or remote, are worn or attached to the human body are called wearable medical devices. Smartwatches, activity monitors, patches, and smart clothing are some wearable medical devices available in the market today. Maximum wearable medical devices have been developed with an emphasis on workout activities, such as jogging, walking, calories burned, muscle activity, heart rate, etc. Wearable medical devices are used for several types of physiological measurements, such as brain activity, blood pressure, continuous glucose recording, infant care, temperature, skin conductance, sleep monitoring, etc.

The wearable medical devices market globally is likely to be driven by advanced functionality and distinct capabilities, such as the ability to function without any external device or smartphone. This has resulted in the rise in consumer acceptance toward these devices. With growing health awareness among people, the increasing prevalence of chronic diseases, such as diabetes, and rising healthcare expenditure, the demand for wearable medical devices is projected to witness outstanding growth in the future. Furthermore, the increasing per capita income and correctness of monitoring devices along with portability are also fuelling the wearable medical devices market globally. However, unfavorable reimbursement policies, the high cost of wearable medical devices, and data security issues may restrain the wearable medical devices market expansion globally.

Global Wearable Medical Devices Market

The global wearable medical devices market is sectored based on device type, application, type, and distribution channel. By device type, the wearable medical devices market is divided into diagnostic and monitoring devices and therapeutic devices. The diagnostic and monitoring devices segment is further segmented into vital sign monitoring devices, sleep monitoring devices, glucose monitoring devices, fetal monitoring and obstetric devices, and neuromonitoring devices. The therapeutic devices segment is sub-segmented into rehabilitation devices, respiratory therapy devices, pain management devices, and insulin pumps. By application, the wearable medical devices market is segmented into sports and fitness, home healthcare, and remote patient monitoring. By type, the market is segmented into activity monitors, smart clothing, patches, and smartwatches. By distribution channel, the global wearable medical devices market is segmented into pharmacies, hypermarkets, and online channel.

By region, North America dominated the wearable medical devices market globally by contributing nearly 40% toward in 2018 and is expected to remain dominant over the forecast time period as well. Europe and the Asia Pacific are estimated to dominate the global wearable medical devices market in the future.

Some key players of the global wearable medical devices market are Samsung Electronics Co. Ltd., Xiaomi Technology Co., Ltd, Fitbit, Inc., Apple Inc., Garmin Corporation, Huawei Technologies Co., Ltd., OMRON Corporation, Polar Electro, Activinsights Ltd., and VitalConnect.


Frequently Asked Questions

The global wearable medical devices market is anticipated to hit USD 24,941 million by 2025.

The wearable medical devices market is set to record a CAGR of more than 18.4% over 2019-2025.

North American sub-continent is anticipated to capture highest market share by 2025.

Escalating need for real-time monitoring of chronic diseases like sleep apnea, cognitive disorders, heart ailments, diabetes, gastrointestinal disorder, movement disorder, and mental health issues witnessed in aging populace will boost the market demand

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