HEALTHCARE
Global Wearable Medical Devices Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Wearable Medical Devices Market, By Product (Diagnostic Devices and Therapeutic Devices), Site (Handheld, Headband, Strap/Clip/Bracelet, Shoe Sensors, and Others), Application (Sports & Fitness, Remote Patient Monitoring, and Home Healthcare), Grade Type (Consumer-Grade Wearable Medical Devices and Clinical Wearable Medical Devices), Distribution Channel (Pharmacies, Online Channel, and Hypermarkets), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
Market Dynamics
- Increasing chronic disease burden
- Consumer demand for personalized healthcare
- High cost of devices
- Limited reimbursement policies
- Aging population and chronic disease management
- Personalized medicine
- Maintaining consistent accuracy and reliability
- Battery life and charging
SEGMENTATION
- Product
- Diagnostic Devices
- Vital Sign Monitoring Devices
- Heart Rate Monitors
- Activity Monitors
- Electrocardiographs
- Pulse Oximeters
- Spirometers
- Blood Pressure Monitors
- Others
- Sleep Monitoring Devices
- Sleep Trackers
- Wrist Actigraphs
- Polysomnographs
- Others
- Electrocardiographs Fetal And Obstetric Devices
- Neuromonitoring Devices
- Electroencephalographs
- Electromyographs
- Others
- Therapeutic Devices
- Pain Management Devices
- Neurostimulation Devices
- Others
- Insulin/Glucose Monitoring Devices
- Insulin Pumps
- Others
- Rehabilitation Devices
- Accelometers
- Sensing Devices
- Ultrasound Platform
- Others
- Respiratory Therapy Devices
- Ventilators
- Positive Airway Pressure (PAP) Devices
- Portable Oxygen Concentrators
- Others
- Site
- Handheld
- Headband
- Strap/Clip/Bracelet
- Shoe Sensors
- Others
- Application
- Sports & Fitness
- Remote Patient Monitoring
- Home Healthcare
- Grade Type
- Consumer-Grade Wearable Medical Devices
- Clinical Wearable Medical Devices
- Distribution Channel
- Pharmacies
- Online Channel
- Hypermarkets
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Koninklijke Philips N.V.
- Fitbit
- Basis Science
- Garmin
- Omron Corp.
- Withings
- Vital Connect
- Polar Electro
- Everist Genomics
- Intelesens Ltd.
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Wearable Medical Devices Market, by Product
- 3.2 Global Wearable Medical Devices Market, by Site
- 3.3 Global Wearable Medical Devices Market, by Application
- 3.4 Global Wearable Medical Devices Market, by Grade Type
- 3.5 Global Wearable Medical Devices Market, by Distribution Channel
- 3.6 Global Wearable Medical Devices Market, by Geography
- 3.7 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Rise of remote patient monitoring
- 5.1.2 Expansion beyond fitness tracking
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Increasing chronic disease burden
- 5.2.2 Consumer demand for personalized healthcare
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High cost of devices
- 5.3.2 Limited reimbursement policies
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Aging population and chronic disease management
- 5.4.2 Personalized medicine
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Maintaining consistent accuracy and reliability
- 5.5.2 Battery life and charging
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY PRODUCT
- 6.1 Product Summary
- 6.2 Market Attractive Index
- 6.3 Global Wearable Medical Devices Market, by Product (2019-2032)
- SECTION 7 - GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY SITE
- 7.1 Site Summary
- 7.2 Market Attractive Index
- 7.3 Global Wearable Medical Devices Market, by Site (2019-2032)
- SECTION 8 - GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY APPLICATION
- 8.1 Application Summary
- 8.2 Market Attractive Index
- 8.3 Global Wearable Medical Devices Market, by Application (2019-2032)
- SECTION 9 - GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY GRADE TYPE
- 9.1 Grade Type Summary
- 9.2 Market Attractive Index
- 9.3 Global Wearable Medical Devices Market, by Grade Type (2019-2032)
- SECTION 10 - GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY DISTRIBUTION CHANNEL
- 10.1 Distribution Channel Summary
- 10.2 Market Attractive Index
- 10.3 Global Wearable Medical Devices Market, by Distribution Channel (2019-2032)
- SECTION 11 - GLOBAL WEARABLE MEDICAL DEVICES MARKET, BY GEOGRAPHY
- 11.1 Regional Summary
- 11.2 Market Attractive Index
- 11.3 Global Wearable Medical Devices Market, by Geography (2019-2032)
- SECTION 12 - NORTH AMERICA WEARABLE MEDICAL DEVICES MARKET
- 12.1 North America Summary
- 12.2 Market Attractive Index
- 12.3 North America Wearable Medical Devices Market, by Product (2019-2032)
- 12.4 North America Wearable Medical Devices Market, by Site (2019-2032)
- 12.5 North America Wearable Medical Devices Market, by Application (2019-2032)
- 12.6 North America Wearable Medical Devices Market, by Grade Type (2019-2032)
- 12.7 North America Wearable Medical Devices Market, by Distribution Channel (2019-2032)
- 12.8 North America Wearable Medical Devices Market, by Country (2019-2032)
- 12.8.1 U.S.
- 12.8.2 Canada
- 12.8.3 Mexico
- 12.8.4 Rest of North America
- SECTION 13 - EUROPE WEARABLE MEDICAL DEVICES MARKET
- 13.1 Europe Summary
- 13.2 Market Attractive Index
- 13.3 Europe Wearable Medical Devices Market, by Product (2019-2032)
- 13.4 Europe Wearable Medical Devices Market, by Site (2019-2032)
- 13.5 Europe Wearable Medical Devices Market, by Application (2019-2032)
- 13.6 Europe Wearable Medical Devices Market, by Grade Type (2019-2032)
- 13.7 Europe Wearable Medical Devices Market, by Distribution Channel (2019-2032)
- 13.8 Europe Wearable Medical Devices Market, by Country (2019-2032)
- 13.8.1 Germany
- 13.8.2 U.K.
- 13.8.3 France
- 13.8.4 Italy
- 13.8.5 Spain
- 13.8.6 Russia
- 13.8.7 The Netherlands
- 13.8.8 Belgium
- 13.8.9 Turkey
- 13.8.10 Rest of Europe
- SECTION 14 - ASIA-PACIFIC WEARABLE MEDICAL DEVICES MARKET
- 14.1 Asia-Pacific Summary
- 14.2 Market Attractive Index
- 14.3 Asia-Pacific Wearable Medical Devices Market, by Product (2019-2032)
- 14.4 Asia-Pacific Wearable Medical Devices Market, by Site (2019-2032)
- 14.5 Asia-Pacific Wearable Medical Devices Market, by Application (2019-2032)
- 14.6 Asia-Pacific Wearable Medical Devices Market, by Grade Type (2019-2032)
- 14.7 Asia-Pacific Wearable Medical Devices Market, by Distribution Channel (2019-2032)
- 14.8 Asia-Pacific Wearable Medical Devices Market, by Country (2019-2032)
- 14.8.1 China
- 14.8.2 India
- 14.8.3 Japan
- 14.8.4 South Korea
- 14.8.5 Singapore
- 14.8.6 Malaysia
- 14.8.7 Australia
- 14.8.8 Thailand
- 14.8.9 Philippines
- 14.8.10 Rest of Asia-Pacific
- SECTION 15 - SOUTH AMERICA WEARABLE MEDICAL DEVICES MARKET
- 15.1 South America Summary
- 15.2 Market Attractive Index
- 15.3 South America Wearable Medical Devices Market, by Product (2019-2032)
- 15.4 South America Wearable Medical Devices Market, by Site (2019-2032)
- 15.5 South America Wearable Medical Devices Market, by Application (2019-2032)
- 15.6 South America Wearable Medical Devices Market, by Grade Type (2019-2032)
- 15.7 South America Wearable Medical Devices Market, by Distribution Channel (2019-2032)
- 15.8 South America Wearable Medical Devices Market, by Country (2019-2032)
- 15.8.1 Brazil
- 15.8.2 Argentina
- 15.8.3 Chile
- 15.8.4 Colombia
- 15.8.5 Rest of South America
- SECTION 16 - MIDDLE EAST AND AFRICA WEARABLE MEDICAL DEVICES MARKET
- 16.1 Middle East and Africa Summary
- 16.2 Market Attractive Index
- 16.3 Middle East and Africa Wearable Medical Devices Market, by Product (2019-2032)
- 16.4 Middle East and Africa Wearable Medical Devices Market, by Site (2019-2032)
- 16.5 Middle East and Africa Wearable Medical Devices Market, by Application (2019-2032)
- 16.6 Middle East and Africa Wearable Medical Devices Market, by Grade Type (2019-2032)
- 16.7 Middle East and Africa Wearable Medical Devices Market, by Distribution Channel (2019-2032)
- 16.8 Middle East and Africa Wearable Medical Devices Market, by Country (2019-2032)
- 16.8.1 Kingdom of Saudi Arabia
- 16.8.2 South Africa
- 16.8.3 U.A.E.
- 16.8.4 Egypt
- 16.8.5 Rest of Middle East and Africa
- SECTION 17 - COMPANY SHARE ANALYSIS
- 17.1 Global Wearable Medical Devices Market, Company Share Analysis
- 17.2 North America Wearable Medical Devices Market, Company Share Analysis
- 17.3 Europe Wearable Medical Devices Market, Company Share Analysis
- 17.4 Asia-Pacific Wearable Medical Devices Market, Company Share Analysis
- SECTION 18 - COMPANY PROFILES
- 18.1 Koninklijke Philips N.V.
- 18.1.1 Company Snapshot
- 18.1.2 Financial Overview
- 18.1.3 Product Portfolio
- 18.1.4 Recent Developments
- 18.2 Fitbit
- 18.2.1 Company Snapshot
- 18.2.2 Financial Overview
- 18.2.3 Product Portfolio
- 18.2.4 Recent Developments
- 18.3 Basis Science
- 18.3.1 Company Snapshot
- 18.3.2 Financial Overview
- 18.3.3 Product Portfolio
- 18.3.4 Recent Developments
- 18.4 Garmin
- 18.4.1 Company Snapshot
- 18.4.2 Financial Overview
- 18.4.3 Product Portfolio
- 18.4.4 Recent Developments
- 18.5 Omron Corp.
- 18.5.1 Company Snapshot
- 18.5.2 Financial Overview
- 18.5.3 Product Portfolio
- 18.5.4 Recent Developments
- 18.6 Withings
- 18.6.1 Company Snapshot
- 18.6.2 Financial Overview
- 18.6.3 Product Portfolio
- 18.6.4 Recent Developments
- 18.7 Vital Connect
- 18.7.1 Company Snapshot
- 18.7.2 Financial Overview
- 18.7.3 Product Portfolio
- 18.7.4 Recent Developments
- 18.8 Polar Electro
- 18.8.1 Company Snapshot
- 18.8.2 Financial Overview
- 18.8.3 Product Portfolio
- 18.8.4 Recent Developments
- 18.9 Everist Genomics
- 18.9.1 Company Snapshot
- 18.9.2 Financial Overview
- 18.9.3 Product Portfolio
- 18.9.4 Recent Developments
- 18.10 Intelesens Ltd.
- 18.10.1 Company Snapshot
- 18.10.2 Financial Overview
- 18.10.3 Product Portfolio
- 18.10.4 Recent Developments
- SECTION 19 - RELATED REPORTS
- SECTION 20 - DISCLAIMER
RESEARCH METHODOLOGY
RESEARCH AND DATA COLLECTION
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.