Wearable Medical Devices Market (Therapeutic Devices & Diagnostic Devices),By Applications ,By Geography and By Company Profiles – Global Historic And Forecast to 2022

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Wearable Medical Devices Market Definition

The wearable medical devices market consists of sales of wearable medical devices and related goods by entities (organizations, sole traders and partnerships) that provide wearable medical devices. Wearable medical devices are small electronic products, often consisting of one or more sensors, and having computational capability. They are embedded into items that are attach to the body parts, such as head, feet, arms, wrists and waist. They can resemble a watch, eyeglasses, some clothing, contact lenses, shoes or even jewelry.

Wearable Medical Devices Market Size

The global market for wearable medical devices was valued at $5.2 billion in 2017, and it is expected to grow to $13.5 billion by 2022, growing at a compound annual growth rate (CAGR) of 20.9% during the forecast period of 2017 to 2022.

The main drivers of the market are expected to be improved services with patient data, hands-free nature of many wearable medical devices, which is beneficial to health professionals working in sterile environments, training opportunities for medical professionals, minimization of the treatment costs, improvement of the health outcomes, better care support, and ease of the data collection.

The challenges the market is expected to face are technical difficulties, ipatient data privacy issues, poor data quality, unaddressed regulatory issues, unavailability of sufficient medical professionals to analyze the data, high cost of devices and unfashionable designs.

Wearable Medical Devices Market Segmentation

The Wearable Medical Devices market is segmented by type of device, by type of product, and by geography.
By Type of Product- The wearable medical devices market is segmented by type of product into
    • 1. Consumer Wearables
    • 2. Non-Consumer Wearables
Sub-Segment
    • By Segment
      The consumer wearable market is further categorized by segment into
        • i. Fitness and Sport
        • ii. General Consumer
        • iii. Gaming
        • iv. Home Automation
        • v. Fashion and Apparel
    • By Region
      The consumer wearable market is further categorized by region into
        • i. North America
        • ii. Europe
        • iii. Asia-pacific
        • iv. Rest of the World (RoW)
    • By Segment
      The consumer wearable market is further categorized by segment into
        • i. Industrial And Enterprise
        • ii. Healthcare
        • iii. Defense
    • By Region
      The consumer wearable market is further categorized by region into
        • i. North America
        • ii. Europe
        • iii. Asia-pacific
        • iv. Rest of the World (RoW)
By Type of Device-
The wearable medical devices market is segmented by type of device into
  1. (1) Diagnostic Devices
    • (a) Pain Management Devices
    • (b) Insulin Monitoring Devices
    • (c) Respiratory Therapy Devices
    • (d) Rehabilitation Devices
  2. (2) Therapeutic Devices
    • (a) Vital Sign Monitors
    • (b) Sleep And Activity Monitors
    • (c) Fetal And Obstetric Monitors
    • (d) Neuro-monitoring Devices
    • (e) ECG Monitors
The market was led by diagnostic devices with more than 60% share during the forecast period, due to the high incidence of chronic diseases as well as increasing demand for health monitoring devices.
By Geography - The wearable medical devices market is segmented into
    • o Americas
    • o EMEA (Europe, Middle East and Africa)
    • o Asia Pacific
The Americas accounted for 48.2% of the global wearable medical devices market with the US being the largest revenue contributor. The principle factors behind such dominance of Americas region is presence of large number of key players, favorable government policies and awareness among the population about health monitoring devices.

Wearable Medical Devices Competitive Landscape

Major Competitors are:
    • • Koninklijke Philips N.V.
    • • Omron Corporation
    • • Zephyr Technology Corporation (a part of Medtronic)
    • • Fitbit Inc.
    • • Johnson and Johnson
Other Competitors Include:
    • • Boston Scientific Corporation
    • • LifeWatch AG

  1. 1.Executive Summary
    • 1.1. Global Wearable Medical Devices Market Segmentation, 2018 and 2022
    • 1.2. Global Wearable Medical Devices Market, Split By Geography, 2018 and 2022
  2. 2.Report`s Scope
  3. 3.Market Characteristics
  4. 4.Global Wearable Medical Devices Market Size And Growth
    • 4.1. Drivers, Restraints and Opportunities
  5. 5.Porter`s Five Forces Analysis
    • 5.1. Threat Of Substitutes
    • 5.2. Bargaining Power Of Suppliers
    • 5.3. Threat Of New Entrants
    • 5.4. Bargaining Power Of Buyers
  6. 6.Wearable Medical Devices Market Segmentation
    • 6.1. Wearable Medical Devices Market, Consumer Segment
    • 6.2. Wearable Medical Devices Market, Non-Consumer Segment
    • 6.3. Wearable Medical Devices Market, By Product Category
    • 6.4. Wearable Medical Devices Market, By Type Of Device
      • 6.4.1. Wearable Medical Devices Market, Therapeutic Wearable Medical Devices
      • 6.4.2. Wearable Medical Devices Market, Diagnostic Devices
    • 6.5. Wearable Medical Devices Market, By Site Of Application
  7. 7.Wearable Medical Devices Market Regional And Country Analysis
    • 7.1. Americas
    • 7.2. Asia-Pacific
    • 7.3. EMEA (Europe, Middle East and Africa)
  8. 8.Mergers And Acquisitions
  9. 9.Competitive Analysis
    • 9.1. Company Profiles
    • 9.2. Koninklijke Philips N.V.
      • 9.2.1. Company Overview
      • 9.2.2. Products And Services
      • 9.2.3. Financial Analysis (Reported Currency - EUR)
      • 9.2.4. Business Strategy
      • 9.2.5. SWOT Analysis
      • 9.2.6. Investments
      • 9.2.7. Key Executives
    • 9.3. Omron Corporation
      • 9.3.1. Company Overview
      • 9.3.2. Products And Services
      • 9.3.3. Financial Analysis (Reported Currency - JPY)
      • 9.3.4. Business Strategy
      • 9.3.5. SWOT Analysis
      • 9.3.6. Investments
      • 9.3.7. Key Executives
    • 9.4. Zephyr Technology Corporation (a part of Medtronic)
      • 9.4.1. Company Overview
      • 9.4.2. Products And Services
      • 9.4.3. Key Executives
    • 9.5. Fitbit Inc.
      • 9.5.1. Company Overview
      • 9.5.2. Products And Services
      • 9.5.3. Financial Analysis (Reported Currency - $)
      • 9.5.4. Key Executives
    • 9.6. Johnson and Johnson
      • 9.6.1. Company Overview
      • 9.6.2. Products And Services
      • 9.6.3. Financial Analysis (Reported Currency - $)
      • 9.6.4. Business Strategy
      • 9.6.5. SWOT Analysis
      • 9.6.6. Investments
      • 9.6.7. Key Executives
    • 9.7. Boston Scientific Corporation
      • 9.7.1. Company Overview
      • 9.7.2. Products And Services
      • 9.7.3. Financial Analysis (Reported Currency - $)
      • 9.7.4. Business Strategy
      • 9.7.5. SWOT Analysis
      • 9.7.6. Investments
      • 9.7.7. Key Executives
    • 9.8. LifeWatch AG
      • 9.8.1. Company Overview
      • 9.8.2. Products And Services
      • 9.8.3. Financial Analysis (Reported Currency - CHF)
      • 9.8.4. Business Strategy
      • 9.8.5. SWOT Analysis
      • 9.8.6. Investments
      • 9.8.7. Key Executives
  10. 10.Industry Overview
    • 10.1. History Of Wearable Medical Devices
    • 10.2. Market Indicators
    • 10.3. Wearable Technology Facts
    • 10.4. Recent Technology Developments
  11. 11.Appendix
    • 11.1. Market Data Sources
    • 11.2. Glossary Of Terms
    • 11.3. Research Methodology
    • 11.4. Currencies
    • 11.5. Research Inquiries
  12. 12.The Business Research Company
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