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Wearable Medical Devices Market, by Type (Activity Monitors, Smart Watches, Smart Clothing, Patches), Distribution Channel (Pharmacies, Online Channel, Hypermarkets), Application (Diagnostic & Monitoring Devices, Therapeutic Devices), End Use (Sports and Fitness, Remote Patient Monitoring, Home Healthcare) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022

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Technological advancement in medical devices is increasing these days so as the launch of smart phones; these factors are increasing the growth of wearable medical device market. Also healthcare providers are also now increasing their preference of wireless connectivity and are focusing more on physical fitness. Furthermore, mounting trend towards healthcare at home proffers considerable growth opportunities for this global market for wearable medical device. Conversely, high prices of wearable devices as well as certain data security issues are restraining the market growth of wearable medical device.

The report on the global Wearable medical devices market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

KEY BENEFITS OF THE REPORT

  • In-depth analysis of the market ecosystem and its impact on the revenue growth
  • Understanding of the strategies that are being adopted by the key players in this market to stay competitive
  • Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

  • Factors driving the growth of global wearable technology market include and entry of several Smartphone manufacturers and convenient use of wearable. Additionally, growing health concerns among consumers is compelling the adoption of these devices, which is further enabling them to provide appropriate information regarding overall health.
  • These devices provide various benefits including heart monitoring, GPS tracking, and various notification alerts which drives the market growth of wearable devices. Few more factors that are propelling the growth of wearable technology market include escalating living standard and rising disposable income of consumers.
  • However, increasing security concerns is anticipated to hamper the growth of wearable technology market as data leakage risk is the main issue for users. Moreover, high manufacturing prices and limited battery life is restraining the market growth.

On the basis of region, the wearable medical device market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Among these, North America is anticipated to dominate the global market, followed by Europe region. Focus on advancement in technology, developed infrastructure as well as development of interconnected and highly advanced apps of healthcare and compatible devices is expected to drive the market growth globally. Moreover, due to increasing aging population, changes in lifestyle, technological advancement, escalating prevalence of diseases and rising awareness on wellness and fitness Asia region is the fastest growing region in the global market of wearable medical device market during the forecast period.   

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s wearable medical devices market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.

To know about the assumptions considered for the study, Download PDF Sample.

MARKET SEGMENTATION

This report analyzes the wearable medical devices market by the following segments:

  • Wearable Medical Devices Market, by Type
    • Activity Monitors
    • Smart Watches
    • Smart Clothing
    • Patches
  • Wearable Medical Devices Market, by Distribution Channel
    • Pharmacies
    • Online Channel
    • Hypermarkets
  • Wearable Medical Devices Market, by Applications
    • Diagnostic &  Monitoring Devices
    • Therapeutic Devices
  • Wearable Medical Devices Market, by End Use
    • Sports and Fitness 
    • Remote Patient Monitoring
    • Home Healthcare

KEY MARKET PLAYERS

Key players in the wearable medical devices market include:

  • Fitbit Inc.
  • Philips Healthcare (A Subsidiary of Royal Philips Electronics)
  • Garmin Ltd.
  • Lifewatch AG
  • Omron Corporation
  • Drägerwerk AG & Co. KGaA
  • Withings SA
  • Jawbone Inc.
  • Polar Electro OY
  • Sotera Wireless, Inc.

GEOGRAPHIC COVERAGE AND ANALYSIS

This granular market research report covers the following geographic regions in great detail:

  • NORTH AMERICA
    • U.S.
    • Rest of North America
  • EUROPE
    • France
    • Germany
    • U.K
    • Rest of Europe
  • ASIA-PACIFIC
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • REST OF THE WORLD
    • Latin America
    • Middle East & Africa

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  1. MARKET OVERVIEW
    1. Market Definitions
    2. Research Methodology
    3. Market Segmentation
  2. EXECUTIVE SUMMARY
  3. MARKET DYNAMICS
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Premium Industry Trends
  4. INDUSTRY ANALYSIS
    1. Value Chain Analysis
    2. Technology Roadmap
  5. WEARABLE MEDICAL DEVICES MARKET, BY TYPE
    1. Segment Share
    2. By Type
      1. Activity Monitors
      2. Smart Watches
      3. Smart Clothing
      4. Patches
  6. WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL
    1. Segment Share
    2. By Distribution Channel
      1. Pharmacies
      2. Online Channel
      3. Hypermarkets
  7. WEARABLE MEDICAL DEVICES MARKET, BY APPLICATIONS
    1. Segment Share
    2. By Application
      1. Diagnostic & Monitoring Devices
      2. Therapeutic Devices
  8. WEARABLE MEDICAL DEVICES MARKET, BY END USE
    1. Segment Share
    2. By End-use
      1. Sports and Fitness 
      2. Remote Patient Monitoring
      3. Home Healthcare
  9. WEARABLE MEDICAL DEVICES MARKET, BY GEOGRAPHY
    1. Segment Share
    2. North America
      1. By Regions
        1. U.S.
        2. Rest of North America
      2. By Type
      3. By Distribution Channel
      4. By Application
      5. By End-use
    3. Europe
      1. By Regions
        1. France
        2. Germany
        3. U.K.
        4. Rest of Europe
      2. By Type
      3. By Distribution Channel
      4. By Application
      5. By End-use
    4. Asia-Pacific
      1. By Regions
        1. China
        2. India
        3. Japan
        4. Rest of Asia-Pacific
      2. By Type
      3. By Distribution Channel
      4. By Application
      5. By End-use
    5. Rest of the World
      1. By Regions
        1. Latin America
        2. Middle East & Africa
      2. By Type
      3. By Distribution Channel
      4. By Application
      5. By End-use
  10. COMPETITIVE LANDSCAPE
    1. Market Positioning of Key Players, 2016
    2. Key Innovators
  11. KEY MARKET PLAYERS
    1. Fitbit Inc.
      1. Overview
      2. Key Strategies
      3. Key Developments
    2. Philips Healthcare (A Subsidiary of Royal Philips Electronics)
      1. Overview
      2. Key Strategies
      3. Key Developments
    3. Garmin Ltd.
      1. Overview
      2. Key Strategies
      3. Key Developments
    4. Lifewatch AG
      1. Overview
      2. Key Strategies
      3. Key Developments
    5. Omron Corporation
      1. Overview
      2. Key Strategies
      3. Key Developments
    6. Drägerwerk AG & Co. KGaA
      1. Overview
      2. Key Strategies
      3. Key Developments
    7. Withings SA
      1. Overview
      2. Key Strategies
      3. Key Developments
    8. Jawbone Inc.
      1. Overview
      2. Key Strategies
      3. Key Developments
    9. Polar Electro OY
      1. Overview
      2. Key Strategies
      3. Key Developments
    10. Sotera Wireless, Inc.
      1. Overview
      2. Key Strategies
      3. Key Developments
  12. SCALAR 360 DEGREE MARKET PERSPECTIVE
  13. APPENDIX
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