1. Introduction
1.1. Market Definition
1.2. Product Overview
1.3. Market Segmentation
2. Assumptions and Abbreviations
3. Research Methodology
4. Executive Summary - Global Wearable Medical Devices Market
5. Manufacturing Standards & Compliances
6. Industry Analysis
6.1. Porter’s Five Forces Model
7. Consumer Behavior Analysis
8. Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Wearable Medical Devices Market - Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Wearable Medical Devices Market Outlook
10.1.Market Size and Forecast, 2018-2027F
10.1.1. By Value (USD Million)
10.2.Market Share and Forecast, 2018-2027F
10.2.1. By Product
10.2.1.1. Wearable Medical Devices Market Share (%), By Product (2018-2027F)
10.2.1.1.1. Therapeutic Devices, 2018-2027F (USD Million)
10.2.1.1.1.1. Insulin Device, 2018-2027F (USD Million)
10.2.1.1.1.2. Pain Management Devices, 2018-2027F (USD Million)
10.2.1.1.1.3. Rehabilitation Device, 2018-2027F (USD Million)
10.2.1.1.1.3.1. Virtual Reality (VR) /Augmented Reality (AR), 2018-2027F (USD Million)
10.2.1.1.1.3.2. Functional Electrical Stimulation (FES), 2018-2027F (USD Million)
10.2.1.1.1.4. Respiratory Therapy Devices, 2018-2027F (USD Million)
10.2.1.1.2. Diagnostic & Monitoring Devices, 2018-2027F (USD Million)
10.2.1.1.2.1. Vital Sign Monitoring Devices, 2018-2027F (USD Million)
10.2.1.1.2.1.1. Activity Monitors, 2018-2027F (USD Million)
10.2.1.1.2.1.2. Temperature Monitors, 2018-2027F (USD Million)
10.2.1.1.2.1.3. Electrocardiographs, 2018-2027F (USD Million)
10.2.1.1.2.1.4. Pulse Oximeters, 2018-2027F (USD Million)
10.2.1.1.2.1.5. Spirometer, 2018-2027F (USD Million)
10.2.1.1.2.1.6. Blood Pressure Monitors, 2018-2027F (USD Million)
10.2.1.1.2.1.7. Others, 2018-2027F (USD Million)
10.2.1.1.2.2. Sleep Monitoring Devices, 2018-2027F (USD Million)
10.2.1.1.2.2.1. Sleep Trackers, 2018-2027F (USD Million)
10.2.1.1.2.2.2. Wrist Actigraphs, 2018-2027F (USD Million)
10.2.1.1.2.2.3. Others, 2018-2027F (USD Million)
10.2.1.1.2.3. Neuromonitoring Devices, 2018-2027F (USD Million)
10.2.1.1.2.4. Fetal Monitoring & Obstetric Devices, 2018-2027F (USD Million)
10.2.2. By Device
10.2.2.1. Wearable Medical Devices Market Share (%), By Device (2018-2027F)
10.2.2.1.1. Wristband, 2018-2027F (USD Million)
10.2.2.1.2. Earwear, 2018-2027F (USD Million)
10.2.2.1.3. Clothing, 2018-2027F (USD Million)
10.2.2.1.4. Patch, 2018-2027F (USD Million)
10.2.2.1.4.1. Single-use, 2018-2027F (USD Million)
10.2.2.1.4.2. Reusable, 2018-2027F (USD Million)
10.2.2.1.5. Others, 2018-2027F (USD Million)
10.2.3. By Application
10.2.3.1. Wearable Medical Devices Market Share (%), By Application (2018-2027F)
10.2.3.1.1. Home Healthcare, 2018-2027F (USD Million)
10.2.3.1.2. Remote Patient Monitoring, 2018-2027F (USD Million)
10.2.3.1.3. Sports & Fitness, 2018-2027F (USD Million)
10.2.4. By Distribution Channel
10.2.4.1. Wearable Medical Devices Market Share (%), By Distribution Channel (2018-2027F)
10.2.4.1.1. Online Channel, 2018-2027F (USD Million)
10.2.4.1.2. Offline Channel, 2018-2027F (USD Million)
10.2.5. By Region
10.2.5.1. Wearable Medical Devices Market Share (%), By Region (2018,2027F)
10.2.5.1.1. North America
10.2.5.1.2. Europe
10.2.5.1.3. Asia Pacific
10.2.5.1.4. Latin America
10.2.5.1.5. Middle East and Africa
11.North America Wearable Medical Devices Market Outlook
11.1.Macro-Economic Indicators impacting the North America Wearable Medical Devices Market
11.2.Market Size and Forecast, 2018-2027F
11.2.1. By Value (USD Million)
11.3.Market Share and Forecast, 2018-2027F
11.3.1. By Product
11.3.1.1. Wearable Medical Devices Market Share (%), By Product (2018-2027F)
11.3.1.1.1. Therapeutic Devices, 2018-2027F (USD Million)
11.3.1.1.1.1. Insulin Device, 2018-2027F (USD Million)
11.3.1.1.1.2. Pain Management Devices, 2018-2027F (USD Million)
11.3.1.1.1.3. Rehabilitation Device, 2018-2027F (USD Million)
11.3.1.1.1.3.1. Virtual Reality (VR) /Augmented Reality (AR), 2018-2027F (USD Million)
11.3.1.1.1.3.2. Functional Electrical Stimulation (FES), 2018-2027F (USD Million)
11.3.1.1.1.4. Respiratory Therapy Devices, 2018-2027F (USD Million)
11.3.1.1.2. Diagnostic & Monitoring Devices, 2018-2027F (USD Million)
11.3.1.1.2.1. Vital Sign Monitoring Devices, 2018-2027F (USD Million)
11.3.1.1.2.1.1. Activity Monitors, 2018-2027F (USD Million)
11.3.1.1.2.1.2. Temperature Monitors, 2018-2027F (USD Million)
11.3.1.1.2.1.3. Electrocardiographs, 2018-2027F (USD Million)
11.3.1.1.2.1.4. Pulse Oximeters, 2018-2027F (USD Million)
11.3.1.1.2.1.5. Spirometer, 2018-2027F (USD Million)
11.3.1.1.2.1.6. Blood Pressure Monitors, 2018-2027F (USD Million)
11.3.1.1.2.1.7. Others, 2018-2027F (USD Million)
11.3.1.1.2.2. Sleep Monitoring Devices, 2018-2027F (USD Million)
11.3.1.1.2.2.1. Sleep Trackers, 2018-2027F (USD Million)
11.3.1.1.2.2.2. Wrist Actigraphs, 2018-2027F (USD Million)
11.3.1.1.2.2.3. Others, 2018-2027F (USD Million)
11.3.1.1.2.3. Neuromonitoring Devices, 2018-2027F (USD Million)
11.3.1.1.2.4. Fetal Monitoring & Obstetric Devices, 2018-2027F (USD Million)
11.3.2. By Device
11.3.2.1. Wearable Medical Devices Market Share (%), By Device (2018-2027F)
11.3.2.1.1. Wristband, 2018-2027F (USD Million)
11.3.2.1.2. Earwear, 2018-2027F (USD Million)
11.3.2.1.3. Clothing, 2018-2027F (USD Million)
11.3.2.1.4. Patch, 2018-2027F (USD Million)
11.3.2.1.4.1. Single-use, 2018-2027F (USD Million)
11.3.2.1.4.2. Reusable, 2018-2027F (USD Million)
11.3.2.1.5. Others, 2018-2027F (USD Million)
11.3.3. By Application
11.3.3.1. Wearable Medical Devices Market Share (%), By Application (2018-2027F)
11.3.3.1.1. Home Healthcare, 2018-2027F (USD Million)
11.3.3.1.2. Remote Patient Monitoring, 2018-2027F (USD Million)
11.3.3.1.3. Sports & Fitness, 2018-2027F (USD Million)
11.3.4. By Distribution Channel
11.3.4.1. Wearable Medical Devices Market Share (%), By Distribution Channel (2018-2027F)
11.3.4.1.1. Online Channel, 2018-2027F (USD Million)
11.3.4.1.2. Offline Channel, 2018-2027F (USD Million)
11.3.5. By Country
11.3.5.1. Wearable Medical Devices Market Share (%), By Country (2018,2027F)
11.3.5.1.1. United States, 2018-2027F (USD Million)
11.3.5.1.2. Canada, 2018-2027F (USD Million)
12.Europe Wearable Medical Devices Market Outlook
12.1.Macro-Economic Indicators impacting the Europe Wearable Medical Devices Market
12.2.Market Size and Forecast, 2018-2027F
12.2.1. By Value (USD Million)
12.3.Market Share and Forecast, 2018-2027F
12.3.1. By Product
12.3.1.1. Wearable Medical Devices Market Share (%), By Product (2018-2027F)
12.3.1.1.1. Therapeutic Devices, 2018-2027F (USD Million)
12.3.1.1.1.1. Insulin Device, 2018-2027F (USD Million)
12.3.1.1.1.2. Pain Management Devices, 2018-2027F (USD Million)
12.3.1.1.1.3. Rehabilitation Device, 2018-2027F (USD Million)
12.3.1.1.1.3.1. Virtual Reality (VR) /Augmented Reality (AR), 2018-2027F (USD Million)
12.3.1.1.1.3.2. Functional Electrical Stimulation (FES), 2018-2027F (USD Million)
12.3.1.1.1.4. Respiratory Therapy Devices, 2018-2027F (USD Million)
12.3.1.1.2. Diagnostic & Monitoring Devices, 2018-2027F (USD Million)
12.3.1.1.2.1. Vital Sign Monitoring Devices, 2018-2027F (USD Million)
12.3.1.1.2.1.1. Activity Monitors, 2018-2027F (USD Million)
12.3.1.1.2.1.2. Temperature Monitors, 2018-2027F (USD Million)
12.3.1.1.2.1.3. Electrocardiographs, 2018-2027F (USD Million)
12.3.1.1.2.1.4. Pulse Oximeters, 2018-2027F (USD Million)
12.3.1.1.2.1.5. Spirometer, 2018-2027F (USD Million)
12.3.1.1.2.1.6. Blood Pressure Monitors, 2018-2027F (USD Million)
12.3.1.1.2.1.7. Others, 2018-2027F (USD Million)
12.3.1.1.2.2. Sleep Monitoring Devices, 2018-2027F (USD Million)
12.3.1.1.2.2.1. Sleep Trackers, 2018-2027F (USD Million)
12.3.1.1.2.2.2. Wrist Actigraphs, 2018-2027F (USD Million)
12.3.1.1.2.2.3. Others, 2018-2027F (USD Million)
12.3.1.1.2.3. Neuromonitoring Devices, 2018-2027F (USD Million)
12.3.1.1.2.4. Fetal Monitoring & Obstetric Devices, 2018-2027F (USD Million)
12.3.2. By Device
12.3.2.1. Wearable Medical Devices Market Share (%), By Device (2018-2027F)
12.3.2.1.1. Wristband, 2018-2027F (USD Million)
12.3.2.1.2. Earwear, 2018-2027F (USD Million)
12.3.2.1.3. Clothing, 2018-2027F (USD Million)
12.3.2.1.4. Patch, 2018-2027F (USD Million)
12.3.2.1.4.1. Single-use, 2018-2027F (USD Million)
12.3.2.1.4.2. Reusable, 2018-2027F (USD Million)
12.3.2.1.5. Others, 2018-2027F (USD Million)
12.3.3. By Application
12.3.3.1. Wearable Medical Devices Market Share (%), By Application (2018-2027F)
12.3.3.1.1. Home Healthcare, 2018-2027F (USD Million)
12.3.3.1.2. Remote Patient Monitoring, 2018-2027F (USD Million)
12.3.3.1.3. Sports & Fitness, 2018-2027F (USD Million)
12.3.4. By Distribution Channel
12.3.4.1. Wearable Medical Devices Market Share (%), By Distribution Channel (2018-2027F)
12.3.4.1.1. Online Channel, 2018-2027F (USD Million)
12.3.4.1.2. Offline Channel, 2018-2027F (USD Million)
12.3.5. By Country
12.3.5.1. Wearable Medical Devices Market Share (%), By Country (2018,2027F)
12.3.5.1.1. UK, 2018-2027F (USD Million)
12.3.5.1.2. Germany, 2018-2027F (USD Million)
12.3.5.1.3. Italy, 2018-2027F (USD Million)
12.3.5.1.4. France, 2018-2027F (USD Million)
12.3.5.1.5. Spain, 2018-2027F (USD Million)
12.3.5.1.6. Turkey, 2018-2027F (USD Million)
12.3.5.1.7. Russia, 2018-2027F (USD Million)
12.3.5.1.8. Rest of Europe, 2018-2027F (USD Million)
13.Asia Pacific Wearable Medical Devices Market Outlook
13.1.Macro-Economic Indicators impacting the Asia Pacific Wearable Medical Devices Market
13.2.Market Size and Forecast, 2018-2027F
13.2.1. By Value (USD Million)
13.3.Market Share and Forecast, 2018-2027F
13.3.1. By Product
13.3.1.1. Wearable Medical Devices Market Share (%), By Product (2018-2027F)
13.3.1.1.1. Therapeutic Devices, 2018-2027F (USD Million)
13.3.1.1.1.1. Insulin Device, 2018-2027F (USD Million)
13.3.1.1.1.2. Pain Management Devices, 2018-2027F (USD Million)
13.3.1.1.1.3. Rehabilitation Device, 2018-2027F (USD Million)
13.3.1.1.1.3.1. Virtual Reality (VR) /Augmented Reality (AR), 2018-2027F (USD Million)
13.3.1.1.1.3.2. Functional Electrical Stimulation (FES), 2018-2027F (USD Million)
13.3.1.1.1.4. Respiratory Therapy Devices, 2018-2027F (USD Million)
13.3.1.1.2. Diagnostic & Monitoring Devices, 2018-2027F (USD Million)
13.3.1.1.2.1. Vital Sign Monitoring Devices, 2018-2027F (USD Million)
13.3.1.1.2.1.1. Activity Monitors, 2018-2027F (USD Million)
13.3.1.1.2.1.2. Temperature Monitors, 2018-2027F (USD Million)
13.3.1.1.2.1.3. Electrocardiographs, 2018-2027F (USD Million)
13.3.1.1.2.1.4. Pulse Oximeters, 2018-2027F (USD Million)
13.3.1.1.2.1.5. Spirometer, 2018-2027F (USD Million)
13.3.1.1.2.1.6. Blood Pressure Monitors, 2018-2027F (USD Million)
13.3.1.1.2.1.7. Others, 2018-2027F (USD Million)
13.3.1.1.2.2. Sleep Monitoring Devices, 2018-2027F (USD Million)
13.3.1.1.2.2.1. Sleep Trackers, 2018-2027F (USD Million)
13.3.1.1.2.2.2. Wrist Actigraphs, 2018-2027F (USD Million)
13.3.1.1.2.2.3. Others, 2018-2027F (USD Million)
13.3.1.1.2.3. Neuromonitoring Devices, 2018-2027F (USD Million)
13.3.1.1.2.4. Fetal Monitoring & Obstetric Devices, 2018-2027F (USD Million)
13.3.2. By Device
13.3.2.1. Wearable Medical Devices Market Share (%), By Device (2018-2027F)
13.3.2.1.1. Wristband, 2018-2027F (USD Million)
13.3.2.1.2. Earwear, 2018-2027F (USD Million)
13.3.2.1.3. Clothing, 2018-2027F (USD Million)
13.3.2.1.4. Patch, 2018-2027F (USD Million)
13.3.2.1.4.1. Single-use, 2018-2027F (USD Million)
13.3.2.1.4.2. Reusable, 2018-2027F (USD Million)
13.3.2.1.5. Others, 2018-2027F (USD Million)
13.3.3. By Application
13.3.3.1. Wearable Medical Devices Market Share (%), By Application (2018-2027F)
13.3.3.1.1. Home Healthcare, 2018-2027F (USD Million)
13.3.3.1.2. Remote Patient Monitoring, 2018-2027F (USD Million)
13.3.3.1.3. Sports & Fitness, 2018-2027F (USD Million)
13.3.4. By Distribution Channel
13.3.4.1. Wearable Medical Devices Market Share (%), By Distribution Channel (2018-2027F)
13.3.4.1.1. Online Channel, 2018-2027F (USD Million)
13.3.4.1.2. Offline Channel, 2018-2027F (USD Million)
13.3.5. By Country
13.3.5.1. Wearable Medical Devices Market Share (%), By Country (2018,2027F)
13.3.5.1.1. China, 2018-2027F (USD Million)
13.3.5.1.1.1. By Product
13.3.5.1.1.1.1. Wearable Medical Devices Market Share (%), By Product (2018-2027F)
13.3.5.1.1.1.1.1. Therapeutic Devices, 2018-2027F (USD Million)
13.3.5.1.1.1.1.1.1.Insulin Device, 2018-2027F (USD Million)
13.3.5.1.1.1.1.1.2.Pain Management Devices, 2018-2027F (USD Million)
13.3.5.1.1.1.1.1.3.Rehabilitation Device, 2018-2027F (USD Million)
· Virtual Reality (VR) /Augmented Reality (AR), 2018-2027F (USD Million)
· Functional Electrical Stimulation (FES), 2018-2027F (USD Million)
13.3.5.1.1.1.1.1.4.Respiratory Therapy Devices, 2018-2027F (USD Million)
13.3.5.1.1.1.1.2. Diagnostic & Monitoring Devices, 2018-2027F (USD Million)
13.3.5.1.1.1.1.2.1.Vital Sign Monitoring Devices, 2018-2027F (USD Million)
· Activity Monitors, 2018-2027F (USD Million)
· Temperature Monitors, 2018-2027F (USD Million)
· Electrocardiographs, 2018-2027F (USD Million)
· Pulse Oximeters, 2018-2027F (USD Million)
· Spirometer, 2018-2027F (USD Million)
· Blood Pressure Monitors, 2018-2027F (USD Million)
· Others, 2018-2027F (USD Million)
13.3.5.1.1.1.1.2.2.Sleep Monitoring Devices, 2018-2027F (USD Million)
· Sleep Trackers, 2018-2027F (USD Million)
· Wrist Actigraphs, 2018-2027F (USD Million)
· Others, 2018-2027F (USD Million)
13.3.5.1.1.1.1.2.3.Neuromonitoring Devices, 2018-2027F (USD Million)
13.3.5.1.1.1.1.2.4.Fetal Monitoring & Obstetric Devices, 2018-2027F (USD Million)
13.3.5.1.1.2. By Device
13.3.5.1.1.2.1. Wearable Medical Devices Market Share (%), By Device (2018-2027F)
13.3.5.1.1.2.1.1. Wristband, 2018-2027F (USD Million)
13.3.5.1.1.2.1.2. Earwear, 2018-2027F (USD Million)
13.3.5.1.1.2.1.3. Clothing, 2018-2027F (USD Million)
13.3.5.1.1.2.1.4. Patch, 2018-2027F (USD Million)
13.3.5.1.1.2.1.4.1.Single-use, 2018-2027F (USD Million)
13.3.5.1.1.2.1.4.2.Reusable, 2018-2027F (USD Million)
13.3.5.1.1.2.1.5. Others, 2018-2027F (USD Million)
13.3.5.1.1.3. By Application
13.3.5.1.1.3.1. Wearable Medical Devices Market Share (%), By Application (2018-2027F)
13.3.5.1.1.3.1.1. Home Healthcare, 2018-2027F (USD Million)
13.3.5.1.1.3.1.2. Remote Patient Monitoring, 2018-2027F (USD Million)
13.3.5.1.1.3.1.3. Sports & Fitness, 2018-2027F (USD Million)
13.3.5.1.1.4.By Distribution Channel
13.3.5.1.1.4.1. Wearable Medical Devices Market Share (%), By Distribution Channel (2018-2027F)
13.3.5.1.1.4.1.1. Online Channel, 2018-2027F (USD Million)
13.3.5.1.1.4.1.2. Offline Channel, 2018-2027F (USD Million)
13.3.5.1.2.India, 2018-2027F (USD Million)
13.3.5.1.2.1.By Product
13.3.5.1.2.1.1. Wearable Medical Devices Market Share (%), By Product (2018-2027F)
13.3.5.1.2.1.1.1. Therapeutic Devices, 2018-2027F (USD Million)
13.3.5.1.2.1.1.1.1.Insulin Device, 2018-2027F (USD Million)
13.3.5.1.2.1.1.1.2.Pain Management Devices, 2018-2027F (USD Million)
13.3.5.1.2.1.1.1.3.Rehabilitation Device, 2018-2027F (USD Million)
·Virtual Reality (VR) /Augmented Reality (AR), 2018-2027F (USD Million)
·Functional Electrical Stimulation (FES), 2018-2027F (USD Million)
13.3.5.1.2.1.1.1.4.Respiratory Therapy Devices, 2018-2027F (USD Million)
13.3.5.1.2.1.1.2. Diagnostic & MonitoringDevices, 2018-2027F (USD Million)
13.3.5.1.2.1.1.2.1.Vital Sign Monitoring Devices, 2018-2027F (USD Million)
·Activity Monitors, 2018-2027F (USD Million)
· Temperature Monitors, 2018-2027F (USD Million)
· Electrocardiographs, 2018-2027F (USD Million)
· Pulse Oximeters, 2018-2027F (USD Million)
· Spirometer, 2018-2027F (USD Million)
· Blood Pressure Monitors, 2018-2027F (USD Million)
· Others, 2018-2027F (USD Million)
13.3.5.1.2.1.1.2.2.Sleep Monitoring Devices, 2018-2027F (USD Million)
· Sleep Trackers, 2018-2027F (USD Million)
· Wrist Actigraphs, 2018-2027F (USD Million)
· Others, 2018-2027F (USD Million)
13.3.5.1.2.1.1.2.3.Neuromonitoring Devices, 2018-2027F (USD Million)
13.3.5.1.2.1.1.2.4.Fetal Monitoring & Obstetric Devices, 2018-2027F (USD Million)
13.3.5.1.2.2. By Device
13.3.5.1.2.2.1. Wearable Medical Devices Market Share (%), By Device (2018-2027F)
13.3.5.1.2.2.1.1. Wristband, 2018-2027F (USD Million)
13.3.5.1.2.2.1.2. Earwear, 2018-2027F (USD Million)
13.3.5.1.2.2.1.3. Clothing, 2018-2027F (USD Million)
13.3.5.1.2.2.1.4. Patch, 2018-2027F (USD Million)
13.3.5.1.2.2.1.4.1.Single-use, 2018-2027F (USD Million)
13.3.5.1.2.2.1.4.2.Reusable, 2018-2027F (USD Million)
13.3.5.1.2.2.1.5. Others, 2018-2027F (USD Million)
13.3.5.1.2.3. By Application
13.3.5.1.2.3.1. Wearable Medical Devices Market Share (%), By Application (2018-2027F)
13.3.5.1.2.3.1.1. Home Healthcare, 2018-2027F (USD Million)
13.3.5.1.2.3.1.2. Remote Patient Monitoring, 2018-2027F (USD Million)
13.3.5.1.2.3.1.3. Sports & Fitness, 2018-2027F (USD Million)
13.3.5.1.2.4. By Distribution Channel
13.3.5.1.2.4.1. Wearable Medical Devices Market Share (%), By Distribution Channel (2018-2027F)
13.3.5.1.2.4.1.1. Online Channel, 2018-2027F (USD Million)
13.3.5.1.2.4.1.2. Offline Channel, 2018-2027F (USD Million)
13.3.5.1.3. Japan, 2018-2027F (USD Million)
13.3.5.1.4. South Korea, 2018-2027F (USD Million)
13.3.5.1.5. Indonesia, 2018-2027F (USD Million)
13.3.5.1.6. Australia, 2018-2027F (USD Million)
13.3.5.1.7. Rest of Asia Pacific, 2018-2027F (USD Million)
14.Latin America Wearable Medical Devices Market Outlook
14.1.Macro-Economic Indicators impacting the Latin America Wearable Medical Devices Market
14.2.Market Size and Forecast, 2018-2027F
14.2.1. By Value (USD Million)
14.3.Market Share and Forecast, 2018-2027F
14.3.1. By Product
14.3.1.1. Wearable Medical Devices Market Share (%), By Product (2018-2027F)
14.3.1.1.1. Therapeutic Devices, 2018-2027F (USD Million)
14.3.1.1.1.1. Insulin Device, 2018-2027F (USD Million)
14.3.1.1.1.2. Pain Management Devices, 2018-2027F (USD Million)
14.3.1.1.1.3. Rehabilitation Device, 2018-2027F (USD Million)
14.3.1.1.1.3.1. Virtual Reality (VR) /Augmented Reality (AR), 2018-2027F (USD Million)
14.3.1.1.1.3.2. Functional Electrical Stimulation (FES), 2018-2027F (USD Million)
14.3.1.1.1.4. Respiratory Therapy Devices, 2018-2027F (USD Million)
14.3.1.1.2. Diagnostic & Monitoring Devices, 2018-2027F (USD Million)
14.3.1.1.2.1. Vital Sign Monitoring Devices, 2018-2027F (USD Million)
14.3.1.1.2.1.1. Activity Monitors, 2018-2027F (USD Million)
14.3.1.1.2.1.2. Temperature Monitors, 2018-2027F (USD Million)
14.3.1.1.2.1.3. Electrocardiographs, 2018-2027F (USD Million)
14.3.1.1.2.1.4. Pulse Oximeters, 2018-2027F (USD Million)
14.3.1.1.2.1.5. Spirometer, 2018-2027F (USD Million)
14.3.1.1.2.1.6. Blood Pressure Monitors, 2018-2027F (USD Million)
14.3.1.1.2.1.7. Others, 2018-2027F (USD Million)
14.3.1.1.2.2. Sleep Monitoring Devices, 2018-2027F (USD Million)
14.3.1.1.2.2.1. Sleep Trackers, 2018-2027F (USD Million)
14.3.1.1.2.2.2. Wrist Actigraphs, 2018-2027F (USD Million)
14.3.1.1.2.2.3. Others, 2018-2027F (USD Million)
14.3.1.1.2.3. Neuromonitoring Devices, 2018-2027F (USD Million)
14.3.1.1.2.4. Fetal Monitoring & Obstetric Devices, 2018-2027F (USD Million)
14.3.2. By Device
14.3.2.1. Wearable Medical Devices Market Share (%), By Device (2018-2027F)
14.3.2.1.1. Wristband, 2018-2027F (USD Million)
14.3.2.1.2. Earwear, 2018-2027F (USD Million)
14.3.2.1.3. Clothing, 2018-2027F (USD Million)
14.3.2.1.4. Patch, 2018-2027F (USD Million)
14.3.2.1.4.1. Single-use, 2018-2027F (USD Million)
14.3.2.1.4.2. Reusable, 2018-2027F (USD Million)
14.3.2.1.5. Others, 2018-2027F (USD Million)
14.3.3. By Application
14.3.3.1. Wearable Medical Devices Market Share (%), By Application (2018-2027F)
14.3.3.1.1. Home Healthcare, 2018-2027F (USD Million)
14.3.3.1.2. Remote Patient Monitoring, 2018-2027F (USD Million)
14.3.3.1.3. Sports & Fitness, 2018-2027F (USD Million)
14.3.4. By Distribution Channel
14.3.4.1. Wearable Medical Devices Market Share (%), By Distribution Channel (2018-2027F)
14.3.4.1.1. Online Channel, 2018-2027F (USD Million)
14.3.4.1.2. Offline Channel, 2018-2027F (USD Million)
14.3.5. By Country
14.3.5.1. Wearable Medical Devices Market Share (%), By Country (2018,2027F)
14.3.5.1.1. Brazil, 2018-2027F (USD Million)
14.3.5.1.2. Mexico, 2018-2027F (USD Million)
14.3.5.1.3. Rest of Latin America, 2018-2027F (USD Million)
15.Middle East and Africa Wearable Medical Devices Market Outlook
15.1.Macro-Economic Indicators impacting the Middle East and Africa Wearable Medical Devices Market
15.2.Market Size and Forecast, 2018-2027F
15.2.1. By Value (USD Million)
15.3.Market Share and Forecast, 2018-2027F
15.3.1. By Product
15.3.1.1. Wearable Medical Devices Market Share (%), By Product (2018-2027F)
15.3.1.1.1. Therapeutic Devices, 2018-2027F (USD Million)
15.3.1.1.1.1. Insulin Device, 2018-2027F (USD Million)
15.3.1.1.1.2. Pain Management Devices, 2018-2027F (USD Million)
15.3.1.1.1.3. Rehabilitation Device, 2018-2027F (USD Million)
15.3.1.1.1.3.1. Virtual Reality (VR) /Augmented Reality (AR), 2018-2027F (USD Million)
15.3.1.1.1.3.2. Functional Electrical Stimulation (FES), 2018-2027F (USD Million)
15.3.1.1.1.4. Respiratory Therapy Devices, 2018-2027F (USD Million)
15.3.1.1.2. Diagnostic & Monitoring Devices, 2018-2027F (USD Million)
15.3.1.1.2.1. Vital Sign Monitoring Devices, 2018-2027F (USD Million)
15.3.1.1.2.1.1. Activity Monitors, 2018-2027F (USD Million)
15.3.1.1.2.1.2. Temperature Monitors, 2018-2027F (USD Million)
15.3.1.1.2.1.3. Electrocardiographs, 2018-2027F (USD Million)
15.3.1.1.2.1.4. Pulse Oximeters, 2018-2027F (USD Million)
15.3.1.1.2.1.5. Spirometer, 2018-2027F (USD Million)
15.3.1.1.2.1.6. Blood Pressure Monitors, 2018-2027F (USD Million)
15.3.1.1.2.1.7. Others, 2018-2027F (USD Million)
15.3.1.1.2.2. Sleep Monitoring Devices, 2018-2027F (USD Million)
15.3.1.1.2.2.1. Sleep Trackers, 2018-2027F (USD Million)
15.3.1.1.2.2.2. Wrist Actigraphs, 2018-2027F (USD Million)
15.3.1.1.2.2.3. Others, 2018-2027F (USD Million)
15.3.1.1.2.3. Neuromonitoring Devices, 2018-2027F (USD Million)
15.3.1.1.2.4. Fetal Monitoring & Obstetric Devices, 2018-2027F (USD Million)
15.3.2. By Device
15.3.2.1. Wearable Medical Devices Market Share (%), By Device (2018-2027F)
15.3.2.1.1. Wristband, 2018-2027F (USD Million)
15.3.2.1.2. Earwear, 2018-2027F (USD Million)
15.3.2.1.3. Clothing, 2018-2027F (USD Million)
15.3.2.1.4. Patch, 2018-2027F (USD Million)
15.3.2.1.4.1. Single-use, 2018-2027F (USD Million)
15.3.2.1.4.2. Reusable, 2018-2027F (USD Million)
15.3.2.1.5. Others, 2018-2027F (USD Million)
15.3.3. By Application
15.3.3.1. Wearable Medical Devices Market Share (%), By Application (2018-2027F)
15.3.3.1.1. Home Healthcare, 2018-2027F (USD Million)
15.3.3.1.2. Remote Patient Monitoring, 2018-2027F (USD Million)
15.3.3.1.3. Sports & Fitness, 2018-2027F (USD Million)
15.3.4. By Distribution Channel
15.3.4.1. Wearable Medical Devices Market Share (%), By Distribution Channel (2018-2027F)
15.3.4.1.1. Online Channel, 2018-2027F (USD Million)
15.3.4.1.2. Offline Channel, 2018-2027F (USD Million)
15.3.5. By Country
15.3.5.1. Wearable Medical Devices Market Share (%), By Country (2018,2027F)
15.3.5.1.1. Israel, 2018-2027F (USD Million)
15.3.5.1.2. UAE, 2018-2027F (USD Million)
15.3.5.1.3. Saudi Arabia, 2018-2027F (USD Million)
15.3.5.1.4. South Africa, 2018-2027F (USD Million)
15.3.5.1.5. Rest of Middle East & Africa, 2018-2027F (USD Million)
16.Company Profiles
16.1. Fitbit, Inc.
16.2. Omron Healthcare, Inc
16.3. Apple, Inc.
16.4. Garmin Ltd.
16.5. Koninklijke Philips N.V.
16.6. SAMSUNG
16.7. Motorola Mobility LLC.
16.8. BioTelemetry, Inc.
16.9. Medtronic
16.10. Withings
17. Analyst’s Review
Market Overview
Wearable medical devices are those electronic devices which monitor the health status of patients and help them along with their caregivers to determine the activity level as well as self-health tracking for medical purposes. These devices present medical professionals with information concerning the diagnosis of various disorders. Wearable medical devices provide a convenient method of monitoring the physiological parameters of the patient. A wide range of wearable devices for diagnostic and therapeutic purposes is available which reduces the requirement for frequent hospital visits. The market for wearable medical devices was valued at USD 8,292.60 million in 2018 and is anticipated to grow at a CAGR of 25.78% during the forecast period, i.e., 2020-2027.
Growth Highlights based on Region during 2018-2027
The global wearable medical devices market is segmented on the basis of region into North America, Asia Pacific, Europe, Latin America and Middle East & Africa. The market in North America is anticipated to witness the largest market share with 36.71% share in 2018. This was closely followed by the market in Europe with a 31.27% share in the same year. This can be attributed to the technological advancements in the medical industry in these regions. Moreover, the rising prevalence of chronic health diseases related to the heart is anticipated to result in the market growth as well.
The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). CLICK TO DOWNLOAD SAMPLE REPORT
Market Segmentation Synopsis
By Product
Based on product, the wearable medical devices market is segmented into therapeutic devices and diagnostic & monitoring devices. The diagnostic & monitoring devices segment is predicted to hold the largest share in the market and grow at the highest rate over the forecast period. This segment is further divided into vital sign monitoring devices, sleep monitoring devices, neuromonitoring devices and fetal monitoring & obstetric devices. Vital sign monitoring devices measure the physiological signs which help with the human body analysis and the body’s reaction to external factors. The vital signs which need to be regularly measured include heart rate, respiratory rate, blood pressure, blood oxygen saturation and body temperature which are highly essential for the evaluation of human health.
By Device
Wearable medical devices market is segmented by device into wristband, ear wear, clothing, patch and others, out of which, the wristband segment held a share of 56.58% in 2018 and is estimated to observe the largest market share over the forecast period on account of the growing demand for medical devices in the form of wristbands. The high popularity of wristbands or smart watches can be attributed to the strong consumer adoption as a result of their property to help users stay connected with their health and fitness.
By Application
On the basis of application, the market is segmented into home healthcare, remote patient monitoring and sports & fitness, out of which, the home healthcare segment is estimated to contribute towards the largest market share. Home healthcare services can be provided to patients with an illness or injury at home. They are less expensive, more convenient and effective as compared to other applications.
By Distribution Channel
Based on the distribution channel, the market is segmented into online channel and offline channel, out of which, the online channel is anticipated to hold the leading share in wearable medical devices market. In 2018, the online and offline segments held a share of 61.75% and 38.25% respectively. The growing number of internet users as a result of advancements in technology is anticipated to result in the market growth significantly. Online methods of purchasing allow people to buy products from anywhere across the world, which further is predicted to raise the growth of this segment over the forecast period.
Market Drivers and Challenges
Growth Indicators
One of the major applications for IoT (Internet of Things) in healthcare includes the use of wearable medical devices. They aid in continuously monitoring the patients remotely while recording the health statistics of a person for a certain period of time. The combination of IoT with wearable medical devices is anticipated to significantly drive the market growth in the next few years. Another factor estimated to contribute towards the market growth is the rising preference of real time data monitoring in healthcare for the management of chronic disorders. Additionally, integration of IoT in these devices has transformed the healthcare industry by providing wireless connectivity. A large number of applications of wearable medical devices, including the monitoring of heart rate, blood pressure and calories, have significantly impacted the industry in a positive manner. The rising geriatric population coupled with increasing prevalence of acute and chronic disorders is projected to strengthen the market growth with a greater demand for advanced patient monitoring devices. According to statistics by the UN, the population aged 60 and above is growing at a faster rate than other age groups. By 2050, the number of elderly individuals is estimated to increase up to 2.1 billion people. The market for wearable medical devices is anticipated to grow on account of these factors.
Barriers
Despite the growing potential applications of wearable medical devices, there are a few limitations to the market growth. These consist of the challenges associated with privacy and security during widespread exchange of health information. The increased connectivity of these devices that eases the process of sharing of patient data raises the risk of potential vulnerabilities linked with these systems as well. Further, the expensive nature of high-end wearable medical devices such as ECG monitors (Holter monitors) and rehabilitation devices results in a lower adoption of these products by people.
Competitive Landscape
Some of the affluent industry leaders in the global wearable medical devices market are Fitbit Inc., Omron Healthcare Inc., Apple Inc., Garmin Ltd., Koninklijke Philips N.V., SAMSUNG, Motorola Mobility LLC., BioTelemetry, Inc., Medtronic and Withings. Moreover, other key and niche players are working towards bringing improved and efficient medical devices for carrying out effective diagnostics and collection of health statistics in the market along with investing in the development of better wearable medical devices in order to gain competitive edge in the global wearable medical devices market.
In the News
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On September 3, 2019, Withings launched Move ECG, the world’s first analog watch that records an electrocardiogram (ECG) in Europe on demand. The watch comes with an ECG feature that allows people to monitor their cardiovascular health effectively and easily.
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In July 2019, BioTelemetry acquired ADEA Medical AB, a Swedish medical technology company that provides healthcare services and diagnostic products. This acquisition was a key step for making a larger number of products and services available to the customers.
Author Credits: Radhika Pawar
- Report ID: 2220
- Published Date: Feb 15, 2023
- Report Format: PDF, PPT
