Wearable Medical Devices Market

Market Insights

The scope of the report includes various types of wearable medical devices, such as monitoring devices, smart watches, smart clothing, and patches. Applications considered for the scope of the report comprise diagnostic and monitoring devices and therapeutic devices. Diagnostic and monitoring devices are further categorized as neuromonitoring devices, sleep monitoring devices, glucose monitoring devices, fetal monitoring devices, and obstetrics devices. Therapeutic devices are further classified as insulin pumps, pain management devices, respiratory therapy devices, and rehabilitation devices. A description of the market size and forecast is available for the above segment.

In the geography segment, cross-sectional information is provided in accordance with the countries covered under the regional segment, along with their market size and forecast.It is critical to comprehend the competitive environment that exists in the market for wearable medical devices. The competitive landscape provided useful insight into the current competition among key players in wearable medical devices. Porter’s five forces model has also been included in the scope of the report to understand market dynamics. Company profiles with useful information regarding the product portfolio have been considered for the scope of the report. The major players in the global wearable medical devices market are Corventis, Inc., Drägerwerk AG & Co. KGaA, Fitbit, Inc., Garmin Ltd., Jawbone, Inc., LifeWatch AG, Omron Corporation, Philips Healthcare, Polar Electro Oy, Withings SA (Nokia), and Zephyr Technology Corporation.

Based on type, the global wearable medical devices market is categorized into:

• Activity Monitors
• Smart Watches
• Smart Clothing
• Patches

The wearable medical devices market is driven by key factors such as the rising prevalence of chronic diseases such as cardiovascular complications, diabetes, asthma, and sleep apnea and rising public health awareness. Additionally, patients are opting for hand-held monitoring devices rather than hospital services due to their cost-effectiveness. Companies involved in the manufacturing of wearable medical devices are constantly striving to overcome device anomalies, such as device software being exposed to several malicious attacks and the low power capacity of wearable medical devices. At present, activity monitors hold the largest market share due to key drivers such as rising public health awareness and the fact that they provide important health parameters such as heart rate, blood glucose, blood oxygen levels, etc. Smartwatches predict tremendous growth as they give quick access to health-related notifications, and currently, smartwatches are becoming trendsetters among gadget lovers. The major players in the wearable medical devices market are Corventis, Inc., Drägerwerk AG & Co. KGaA, Fitbit, Inc., Garmin Ltd., Jawbone, Inc., LifeWatch AG, Omron Corporation, Philips Healthcare, Polar Electro Oy, Withings SA, and Zephyr Technology Corporation.

Based on application, the global wearable medical devices market is categorized into:

Diagnostic and Monitoring Devices

• Glucose Monitoring Devices
• Devices for Monitoring Sleep
• Fetal Monitoring and Obstetric Devices
• Neuromonitoring Devices

Therapeutic Devices

• Pain management devices
• Rehabilitation Devices
• Respiratory Therapy Devices
• Insulin Pumps

Wearable medical devices are very useful in giving health statistics such as blood glucose, blood oxygen level, blood lipid profile, etc., within a few seconds in comparison to the tedious process followed by conventional diagnostic kits. Wearable medical devices include healthcare apps that provide useful information about the number of calories in various foods and exercises to burn calories, which is especially beneficial to fitness enthusiasts and the obese. Because of the increasing number of geriatric patients suffering from apnea, attention deficit disorders, hypertension, and type 2 diabetes, which necessitate frequent monitoring of blood glucose and electroencephalogram data, diagnostics and monitoring devices are considered the leading segment. Therapeutic devices are anticipated to be the fastest-growing market, primarily due to factors such as the rising prevalence of pain disorders such as fibromyalgia, rheumatoid arthritis, and ankylosing spondylitis; the rise in asthma and COPD prevalence; and the need for immediate medical intervention and pain management in terminally ill patients suffering from cancer.

For the purpose of this study, the global wearable medical devices market is categorized into the following regional and country-specific markets:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe
• Asia-Pacific
  • India
  • China
  • Japan
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

In 2016, North America was found to have the largest wearable medical device market. According to the Centers for Disease Control and Prevention, in 2015, approximately 50% of adults aged 18 years and older were recommended to perform the aerobic physical activity due to obesity and hypertension. Contributing factors to the dominance of the North American market are the rising prevalence of chronic diseases, government health agencies engaged in spreading awareness of healthy lifestyles, and the presence of major players pioneering the manufacture of wearable medical devices.

The market growth in Europe is mainly attributed to an increase in the geriatric population suffering from sleep apnea and attention deficit disorders, resulting in a demand for wake-up tools and alarm clock gadgets and a supportive regulatory environment for medical devices. Asia Pacific will register steadfast market growth due to the rising prevalence of hypertension and type 2 diabetes, a favorable evolutionary environment creating health awareness, and a flourishing e-retail channel. Moreover, factors such as health awareness campaigns and workshops conducted by medical device manufacturers and the establishment of retail outlets by major players in untapped markets are going to fuel the rapid growth of the wearable medical devices market in Latin America, the Middle East, and Africa in the near future.

Chapter 1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

Chapter 2. Executive Summary
2.1. Global Wearable Medical Devices Market Portraiture
2.1.1. Global Wearable Medical Devices Market, by Type, 2016 (Value %)
2.1.2. Global Wearable Medical Devices Market, by Application, 2016 (Value %)
2.1.3. Global Wearable Medical Devices Market, by Geography, 2016 (Value %)

Chapter 3. Wearable Medical Devices Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Porter’s Five Forces Analysis
3.6. Attractive Investment Proposition, by Geography
3.7. Top 3 Countries: Global Wearable Medical Devices Market, 2015-2025 (US$ Mn)
3.8. Competitive Landscape : Global Wearable Medical Devices Market, by Key Players 2015-2025 (US$ Mn)

Chapter 4. Global Wearable Medical Devices Market, by Type, 2015 – 2025 (US$ Mn)
4.1. Overview
4.2. Attractive Investment Proposition: Global Wearable Medical Devices Market, by Type, 2016
4.3. Activity Monitors
4.4. Smart Watches
4.5. Smart Clothing
4.6. Patches

Chapter 5. Global Wearable Medical Devices Market, by Application, 2015 – 2025 (US$ Mn)
5.1. Overview
5.1.1. Attractive Investment Proposition: Global Wearable Medical Devices Market, by Application, 2016
5.2. Diagnostic and Monitoring Devices
5.2.1. Glucose Monitoring Devices
5.2.2. Sleep Monitoring Devices
5.2.3. Fetal Monitoring and Obstetric Devices
5.2.4. Neuromonitoring Devices
5.3. Therapeutic Devices
5.3.1. Pain Management Devices
5.3.2. Rehabilitation Devices
5.3.3. Respiratory Therapy Devices
5.3.4. Insulin Pumps

Chapter 6. Global Wearable Medical Devices Market, by Geography, 2015 – 2025 (US$ Mn)
6.1. Overview
6.2. North America Wearable Medical Devices Market Analysis, 2015 – 2025
6.2.1. North America Wearable Medical Devices Market, by Type, 2015 – 2025 (US$ Mn)
6.2.2. North America Wearable Medical Devices Market, by Application, 2015 – 2025 (US$ Mn)
6.2.3. North America Wearable Medical Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Wearable Medical Devices Market Analysis, 2015 – 2025
6.3.1. Europe Wearable Medical Devices Market, by Type, 2015 – 2025 (US$ Mn)
6.3.2. Europe Wearable Medical Devices Market, by Application, 2015 – 2025 (US$ Mn)
6.3.3. Europe Wearable Medical Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. Rest of Europe
6.4. Asia Pacific Wearable Medical Devices Market Analysis, 2015 – 2025
6.4.1. Asia Pacific Wearable Medical Devices Market, by Type, 2015 – 2025 (US$ Mn)
6.4.2. Asia Pacific Wearable Medical Devices Market, by Application, 2015 – 2025 (US$ Mn)
6.4.3. Asia Pacific Wearable Medical Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.4.3.1. Japan
6.4.3.2. China
6.4.3.3. India
6.4.3.4. Rest of Asia Pacific
6.5. Latin America Wearable Medical Devices Market Analysis, 2015 – 2025
6.5.1. Latin America Wearable Medical Devices Market, by Type, 2015 – 2025 (US$ Mn)
6.5.2. Latin America Wearable Medical Devices Market, by Application, 2015 – 2025 (US$ Mn)
6.5.3. Latin America Wearable Medical Devices Market, by Country, 2015 – 2025 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa Wearable Medical Devices Market Analysis, 2015 – 2025
6.6.1. Middle East and Africa Wearable Medical Devices Market, by Type, 2015 – 2025 (US$ Mn)
6.6.2. Middle East and Africa Wearable Medical Devices Market, by Application, 2015 – 2025 (US$ Mn)
6.6.3. Middle East and Africa Wearable Medical Devices Market, by Region, 2015 – 2025 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of Middle East and Africa

Chapter 7. Company Profiles
7.1. Corventis, Inc.
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Drägerwerk AG & Co. KGaA
7.3. Fitbit, Inc.
7.4. Garmin Ltd.
7.5. Jawbone, Inc.
7.6. LifeWatch AG
7.7. Omron Corporation
7.8. Philips Healthcare
7.9. Polar Electro Oy.
7.10. Nokia
7.11. Zephyr Technology Corporation

List of Figures

FIG. 1 Wearable Medical Devices: Market Segmentation
FIG. 2 Global Wearable Medical Devices Market Share, by Type, 2016 (Value %)
FIG. 3 Global Wearable Medical Devices Market, by Application, 2016 (Value %)
FIG. 4 Global Wearable Medical Devices Market Share, by Geography, 2016 (Value %)
FIG. 5 Attractive Investment Proposition, by Geography
FIG. 6 Market Competition Landscape, by Key Players, 2016
FIG. 7 Global Activity Monitors Market for Wearable Medical Devices, 2015 – 2025 (US$ Mn)
FIG. 8 Global Smart Watches Market for Wearable Medical Devices, 2015 – 2025 (US$ Mn)
FIG. 9 Global Smart Clothing Market for Wearable Medical Devices, 2015 – 2025 (US$ Mn)
FIG. 10 Global Patches Market for Wearable Medical Devices, 2015 – 2025 (US$ Mn)
FIG. 11 Global Glucose Monitoring Devices Market for Wearable Medical Devices, 2015 – 2025 (US$ Mn)
FIG. 12 Global Sleep Monitoring Devices Market for Wearable Medical Devices, 2015 – 2025 (US$ Mn)
FIG. 13 Global Fetal Monitoring and Obstetric Devices Market for Wearable Medical Devices, 2015 – 2025 (US$ Mn)
FIG. 14 Global Neuromonitoring Devices Market for Wearable Medical Devices, 2015 – 2025 (US$ Mn)
FIG. 15 Global Pain Management Devices Market for Wearable Medical Devices, 2015 – 2025 (US$ Mn)
FIG. 16 Global Rehabilitation Devices Market for Wearable Medical Devices, 2015 – 2025 (US$ Mn)
FIG. 17 Global Respiratory Therapy Devices Market for Wearable Medical Devices, 2015 – 2025 (US$ Mn)
FIG. 18 Global Insulin Pumps Market for Wearable Medical Devices, 2015 – 2025 (US$ Mn)
FIG. 19 U.S. Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)
FIG. 20 Canada Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)
FIG. 21 U.K. Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)
FIG. 22 Germany Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)
FIG. 23 Rest of Europe Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)
FIG. 24 Japan Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)
FIG. 25 China Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)
FIG. 26 India Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)
FIG. 27 Rest of Asia Pacific Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)
FIG. 28 Brazil Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)
FIG. 29 Mexico Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)
FIG. 30 Rest of Latin America Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)
FIG. 31 GCC Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)
FIG. 32 Rest of Middle East and Africa Wearable Medical Devices Market, 2015 – 2025 (US$ Mn)

List of Tables

TABLE 1 Global Wearable Medical Devices Market Portraiture
TABLE 2 Global Wearable Medical Devices Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 3 Global Wearable Medical Devices Market, by Application, 2015 – 2025 (US$ Mn)
TABLE 4 Global Diagnostic and Monitoring Wearable Medical Devices, 2015 – 2025 (US$ Mn)
TABLE 5 Global Therapeutic Wearable Medical Devices, 2015 – 2025 (US$ Mn)
TABLE 6 Global Wearable Medical Devices Market, by Geography, 2015 – 2025 (US$ Mn)
TABLE 7 North America Wearable Medical Devices Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 8 North America Wearable Medical Devices Market, by Application, 2015 – 2025 (US$ Mn)
TABLE 9 North America Wearable Medical Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 10 Europe Wearable Medical Devices Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 11 Europe Wearable Medical Devices Market, by Application, 2015 – 2025 (US$ Mn)
TABLE 12 Europe Wearable Medical Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 13 Asia Pacific Wearable Medical Devices Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 14 Asia Pacific Wearable Medical Devices Market, by Application, 2015 – 2025 (US$ Mn)
TABLE 15 Asia Pacific Wearable Medical Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 16 Latin America Wearable Medical Devices Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 17 Latin America Wearable Medical Devices Market, by Application, 2015 – 2025 (US$ Mn)
TABLE 18 Latin America Wearable Medical Devices Market, by Country, 2015 – 2025 (US$ Mn)
TABLE 19 Middle East and Africa Wearable Medical Devices Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 20 Middle East and Africa Wearable Medical Devices Market, by Application, 2015 – 2025 (US$ Mn)
TABLE 21 Middle East and Africa Wearable Medical Devices Market, by Region, 2015 – 2025 (US$ Mn)
TABLE 22 Corventis, Inc.: Company Snapshot (Business Description; Financial Information; Type Portfolio; News Coverage)
TABLE 23 Dragerwerk AG & Co. KGaA: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 24 Fitbit, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 25 Garmin Ltd.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 26 Jawbone, Inc.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 27 LifeWatch AG: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 28 Omron Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 29 Philips Healthcare: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 30 Polar Electro Oy.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 31 Nokia: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 32 Zephyr Technology Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)