• Home >>
  • Semiconductor and Electronics >>
  • Wearable Medical Device Market: Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 - 2025

Wearable Medical Device Market: Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 - 2025

ID: 185059 April, 2018 Region : Global Pages Reports Monitor

Global Wearable Medical Device Market By Type (Activity Monitors, Smart Clothing, Activity Monitors and Patches), Distribution Channel (Pharmacies, Hypermarkets & Online Channel), Device Type (Glucose Monitoring Devices, Sleep Monitoring Devices, Fetal Monitoring & Obstetric Devices, Neuromonitoring Devices and Diagnostic & Monitoring Devices) & Application (Home Healthcare, Remote Patient Monitoring & Sports & Fitness).
Market Scenario

Wearable technology has become more popular from recent past and contains a significant opportunity for businesses, both in terms of new markets and data collection. The first wearable computer was created by Prof. Edward Thorp, in 1960s. Since then wearable technology has witnessed notable growth globally. Medical wearables are designed to help diagnose, monitor, and treat specific conditions that cannot be addressed by any other equipment.  


Increased health concern among people, penetration of smartphones, continuous advancements in wearable technology are the major growth factors for wearable medical device market globally. Rising demand for wireless connectivity among healthcare service providers is expected to fuel the However, fear of data security, higher cost of ownership and low awareness regarding benefits of medical wearable devices are expected to hamper the growth of market globally. 


Medical wearables aid healthcare organizations in predicting post-surgical complications, determining the most effective treatment for patients and reducing readmissions. Medical wearables also benefits the patients as wearables allow for remote monitoring so routine office visits are not necessary in some cases. All these benefits are reasons for changing preferences of healthcare organizations towards medical wearables. 


Market Segmentation
Global Wearable Medical Device Market is segmented as type, distribution channel, device type, and applications. On the basis of type markets is bifurcated as activity monitors, smart watches, smart clothing, and patches. On the basis of distribution channel market is categorized as pharmacies, online channel, and hypermarkets. On the basis of devices type market is divided as glucose monitoring devices, sleep monitoring devices, fetal monitoring & obstetric devices, neuromonitoring devices and diagnostic & monitoring devices. On the basis of application market is divided as Sports & Fitness, Remote Patient Monitoring, and Home Healthcare. Geographically, global wearable medical device market is divided as North America, Europe, Asia-Pacific, and LAMEA.


Regional Analysis
In terms of geography market is divided into North America, Europe, Asia-Pacific and LAMEA. Growth of medical wearable device market in North America is driven by factors such as increased awareness about benefits of medical wearables, availability of developed healthcare infrastructure and presence key players in this market. Introduction of advanced technology, use of medical wearables in sports and favorable government initiatives are some of the major driving factors driving the growth of medical wearable devices market in Asia Pacific region. 


Key Players
Prominent player from wearable medical device market are Fitbit Inc., Garmin, Vital Connect, Omron Corp., Sotera Wireless, Jawbone, Pebble Technology Corp., Basis Science Inc., Withings, Intelesens Ltd., Covidien Plc, LifeWatch AG, Polar Electro, Philips Electronics, and Everist Genomics.


Segmentation
By Type:
• Activity Monitors 
• Smart watches 
• Smart Clothing 
• Patches
By Device Type
• Diagnostic & Monitoring Devices 
o Vital Signs Monitoring Devices
 Heart Rate Monitors
 Pulse Oximeters
 Blood Pressure Monitors
o Glucose Monitoring Devices
o Sleep Monitoring Devices
o Fetal Monitoring & Obstetric Devices
o Neuromonitoring Devices
• Therapeutic Devices 
o Pain Management Devices
o Rehabilitation Devices
o Respiratory Therapy Devices
o Insulin Pumps
By Distribution Channel
• Pharmacies 
• Online Channel 
• Hypermarkets
By Application
• Sports & Fitness 
• Remote Patient Monitoring 
• Home Healthcare

Research Scope

The study for Global Wearable Medical Device Market will provide market size, estimates and forecast based on the following years: 
 
Historic data: 2015  Base Year Estimate: 2016  Forecast: 2017 to 2025


The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales. 
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings. 
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market. 

1. Introduction
1.1. Market Definition
1.2. Market Scope


2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions


3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016 


4. Type Overview
4.1. Introduction
4.2. Market Size & Forecast, 2015 to 2025
4.2.1. Activity Monitors 
4.2.2. Smart watches 
4.2.3. Smart Clothing 
4.2.4. Patches
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


5. Device Type Overview
5.1. Introduction
5.2. Market Size & Forecast, 2015 to 2025
5.2.1. Diagnostic & Monitoring Devices
5.2.2. Therapeutic Devices
 (Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


6. Distribution Channel Overview
6.1. Introduction
6.2. Market Size & Forecast, 2015 to 2025
6.2.1. Pharmacies 
6.2.2. Online Channel 
6.2.3. Hypermarkets
 (Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


7. Regional Overview
7.1. Introduction
7.2. Market Size & Forecast, 2015 to 2025
7.2.1. North America
7.2.1.1. U.S.
7.2.1.2. Canada
7.2.1.3. Mexico 
7.2.2. Europe
7.2.2.1. UK
7.2.2.2. Germany
7.2.2.3. France
7.2.2.4. Italy 
7.2.2.5. Spain
7.2.2.6. Rest of Europe
7.2.3. Asia-Pacific
7.2.3.1. China
7.2.3.2. India
7.2.3.3. Japan
7.2.3.4. South Korea
7.2.3.5. Rest of Asia-Pacific
7.2.4. LAMEA
7.2.4.1. Brazil
7.2.4.2. UAE
7.2.4.3. South Africa
7.2.4.4. Rest of LAMEA
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


8. Manufacturer/ Vendor Profile
8.1. The following attributes will be considered while profiling key manufacturers in this industry: 
8.1.1. Company Overview
8.1.2. Financial Synopsis
8.1.3. Recent Developments
8.1.4. R&D Investments (if any)
8.1.5. Strategy Overview (Analyst Perspective)
8.1.6. Product Portfolio
8.2. Companies Profiled
8.2.1. Fitbit Inc 
8.2.2. Garmin 
8.2.3. Vital Connect 
8.2.4. Omron Corp 
8.2.5. Sotera Wireless 
8.2.6. Jawbone 
8.2.7. Pebble Technology Corp 
8.2.8. Basis Science Inc 
8.2.9. Withings, Intelesens Ltd 
8.2.10. Covidien Plc 
8.2.11. LifeWatch AG 
8.2.12. Polar Electro 
8.2.13. Philips Electronics 
8.2.14. Everist Genomics.
 (Note: The companies mentioned above are tentative in nature, and profiles of other market players not listed here can be included on request.)

Request Sample

Name*

Email*

Phone*

Name of the Company*

Title/ Designation*

Select Country*

How can we help you?

Request Discount

Name*

Email*

Phone*

Name of the Company*

Title/ Designation*

Select Country*

How can we help you?

Related Reports




Get 15 minutes of free Consultation When you request a Sample Report!

24/7 Research Report

Get your queries resolved from an industry expert. Request for a free product review before report purchase.

Phone:

+1 513 549 5911 (US)

+44 203 318 2846 (UK)

Email: [email protected]