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Wearable Medical Devices Market (Monitoring and Diagnostic Wearable Device, Wearable Vital Sign Monitors, Therapeutic Wearable Device, Wearable Rehabilitation Devices and Health & Fitness Devices) For Sports and Fitness, Remote Patient Monitoring, Home Healthcare Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020

Published: Nov-2015 | Format: PDF | Zion | Number of pages: 110 | Code: MRS - 38120


The report covers predications and analysis for wearable medical devices market on a global and regional level. The analysis provides significant information of 2014 beside a forecast from 2015 to 2020 in terms of revenue (USD Million). The study includes drivers and restraints for the wearable medical devices market together with the impact they have on the demand over the forecast amount. In addition, the report includes the study of opportunities out there within the wearable medical devices market on a worldwide level.

In order to convey the users of this report a comprehensives read on the wearable medical devices market, we have included competitive landscape of the market and Porter’s Five Forces analysis for the wearable medical devices market. The study encompasses a market attractiveness analysis, wherein product, application and regional segments are benchmarked based on their market size, growth rate and general attractiveness.

The study provides a decisive view on the wearable medical devices market by segmenting the market based on product type, applications and region. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key product segmented market covered under this study includes monitoring and diagnostic wearable devices, vital signs monitors, therapeutic wearable devices, wearable rehabilitation devices, and health & fitness devices. Key application market covered under this study includes sports and fitness, remote patient monitoring and home healthcare. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East and Africa with its further bifurcation into major countries including U.S., China, Japan, India, Germany, and Brazil. This segmentation includes demand for wearable medical devices based on individual product and applications in all the regions and countries.

The key players profiled in the report includes Basis Science, Inc., Corventis, Inc., Draeger, Everist Genomics, Inc., Fitbit, Inc., Intelesens Ltd., Garmin, Nuubo, Omron Corporation, Philips Electronics, Polar Electro, Recent Developments, Sotera Wireless, Withings.

Wearable Medical Devices Market: Product Types Segment Analysis

  • Monitoring and diagnostic wearable device
  • Wearable vital sign monitors
  • Therapeutic wearable device
  • Wearable rehabilitation devices
  • Health and fitness devices

Wearable Medical Devices Market:Application Segment Analysis

  • Sports and fitness
  • Remote patient monitoring
  • Home healthcare

Wearable Medical Devices Market: Regional Segment Analysis

  • North America
    • U.S. 
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East And Africa
  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global market volume and revenue, 2014 - 2020 (USD Million)
    • 2.2. Global wearable medical devices market: Snapshot
  • Chapter 3. Wearable Medical Devices Market – Industry Analysis
    • 3.1. Wearable medical devices: Market dynamics
    • 3.2. Market drivers
      • 3.2.1. Drivers for global wearable medical devices market: Impact analysis
      • 3.2.2. Developments in flexible electronics to benefit innovation in wearable devices
      • 3.2.3. Ease of use and data security
      • 3.2.4. Growing demand from emerging countries
    • 3.3. Market restraints
      • 3.3.1. Restraints for global wearable medical devices market: Impact analysis
      • 3.3.2. High-cost of devices
      • 3.3.3. Unfavorable governmental policies
    • 3.4. Opportunities
      • 3.4.1. Research and development
      • 3.4.2. Huge population of diabetic patients in APAC
    • 3.5. Porter’s five forces analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by product segment
      • 3.6.2. Market attractiveness analysis by application segment
      • 3.6.3. Market attractiveness analysis by regional segment
  • Chapter 4. Global Wearable Medical Devices Market - Competitive Landscape
    • 4.1. Company market share, 2014
    • 4.2. Price trend analysis
  • Chapter 5. Global Wearable Medical Devices Market – Product Segment Analysis
    • 5.1. Global wearable medical devices market: Product overview
      • 5.1.1. Global wearable medical devices market revenue share, by product, 2014 -2020(USD Million)
    • 5.2. Monitoring and diagnostic wearable device
      • 5.2.1. Global monitoring and diagnostic wearable device market, by product, 2014 – 2020 (USD Million)
    • 5.3. Vital sign monitoring devices
      • 5.3.1. Global vital sign monitoring devices market, by product, 2014 -2020(USD Million)
    • 5.4. Therapeutic wearable device
      • 5.4.1. Global therapeutic wearable device market, by product, 2014 – 2020(USD Million)
    • 5.5. Wearable rehabilitation devices
      • 5.5.1. Global wearable rehabilitation devices market, by product, 2014 - 2020(USD Million)
    • 5.6. Health and fitness devices
      • 5.6.1. Global health and fitness devices market, by product, 2014 -2020(USD Million)
  • Chapter 6. Global Wearable Medical Devices Market – Application Segment Analysis
    • 6.1. Global wearable medical devices market: Application overview
      • 6.1.1. Global wearable medical devices market revenue share, by application, 2014 - 2020
    • 6.2. Sports and Fitness
      • 6.2.1. Global wearable medical devices market for sports and fitness, 2014 – 2020 (USD Million)
    • 6.3. Remote Patient Monitoring
      • 6.3.1. Global wearable medical devices market for remote patient monitoring, 2014 – 2020 (USD Million)
    • 6.4. Home Healthcare
      • 6.4.1. Global wearable medical devices market for home healthcare, 2014 – 2020 (USD Million)
  • Chapter 7. Global Wearable medical devices Market – Regional Segment Analysis
    • 7.1. Global wearable medical devices market: Regional overview
      • 7.1.1. Global wearable medical devices market revenue share, by region, 2014 - 2020
    • 7.2. North America
      • 7.2.1. North America wearable medical devices market revenue, by product, 2014 – 2020 (USD Million)
      • 7.2.2. North America wearable medical devices market revenue, by application, 2014 – 2020 (USD Million)
      • 7.2.3. U.S.
        • 7.2.3.1. U.S. wearable medical devices market revenue, by product, 2014 – 2020 (USD Million)
        • 7.2.3.2. U.S. wearable medical devices market revenue, by application, 2014 – 2020 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe wearable medical devices market revenue, by product, 2014 – 2020 (USD Million)
      • 7.3.2. Europe wearable medical devices market revenue, by application, 2014 – 2020 (USD Million)
      • 7.3.3. Germany
        • 7.3.3.1. Germany wearable medical devices market revenue, by product, 2014 – 2020 (USD Million)
        • 7.3.3.2. Germany wearable medical devices market revenue, by application, 2014 – 2020 (USD Million)
      • 7.3.4. France
        • 7.3.4.1. France wearable medical devices market revenue, by product, 2014 – 2020 (USD Million)
        • 7.3.4.2. France wearable medical devices market revenue, by application,2014 – 2020 (USD Million)
      • 7.3.5. UK
        • 7.3.5.1. UK wearable medical devices market revenue, by product,2014 – 2020 (USD Million)
        • 7.3.5.2. UK wearable medical devices market revenue by application,2014 – 2020 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific wearable medical devices market, by product, 2014 – 2020 (USD Million)
      • 7.4.2. Asia Pacific wearable medical devices market, by application, 2014 – 2020 (USD Million)
      • 7.4.3. China
        • 7.4.3.1. China wearable medical devices market, by product, 2014 – 2020 (USD Million)
        • 7.4.3.2. China wearable medical devices market, by application, 2014 – 2020 (USD Million)
      • 7.4.4. Japan
        • 7.4.4.1. Japan wearable medical devices market, by product,2014 - 2020 (USD Million)
        • 7.4.4.2. Japan wearable medical devices market, by application,2014 - 2020 (USD Million)
      • 7.4.5. India
        • 7.4.5.1. India wearable medical devices market, by product,2014 - 2020 (USD Million)
        • 7.4.5.2. India wearable medical devices market, by application,2014 - 2020 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America wearable medical devices market, by product, 2014 – 2020 (USD Million)
      • 7.5.2. Latin America wearable medical devices market, by application, 2014 – 2020 (USD Million)
      • 7.5.3. Brazil
        • 7.5.3.1. Brazil wearable medical devices market, by product, 2014 – 2020 (USD Million)
        • 7.5.3.2. Brazil wearable medical devices market, by application, 2014 – 2020 (USD Million)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa wearable medical devices market, by product, 2014 – 2020 (USD Million)
      • 7.6.2. Middle East and Africa wearable medical devices market, by application, 2014 – 2020 (USD Million)
  • Chapter 8. Company Profile
    • 8.1. Basis Science, Inc.
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfolio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. Corventis, Inc
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product portfolio
      • 8.2.4. Business strategy
      • 8.2.5. Recent developments
    • 8.3. Draeger
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product portfolio
      • 8.3.4. Business strategy
      • 8.3.5. Recent developments
    • 8.4. Everist Genomics, Inc.
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product portfolio
      • 8.4.4. Business strategy
      • 8.4.5. Recent developments
    • 8.5. Fitbit, Inc.
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product portfolio
      • 8.5.4. Business strategy
      • 8.5.5. Recent developments
    • 8.6. Intelesens Ltd.
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product portfolio
      • 8.6.4. Business strategy
      • 8.6.5. Recent developments
    • 8.7. Garmin
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Product portfolio
      • 8.7.4. Business strategy
      • 8.7.5. Recent developments
    • 8.8. LifeWatch AG
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Product portfolio
      • 8.8.4. Business strategy
      • 8.8.5. Recent developments
    • 8.9. Nuubo
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Product portfolio
      • 8.9.4. Business strategy
      • 8.9.5. Recent developments
    • 8.10. Omron Corporation
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Product portfolio
      • 8.10.4. Business strategy
      • 8.10.5. Recent developments
    • 8.11. Philips Electronics
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Product portfolio
      • 8.11.4. Business strategy
      • 8.11.5. Recent developments
    • 8.12. Polar Electro
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Product portfolio
      • 8.12.4. Business strategy
      • 8.12.5. Recent developments
    • 8.13. Sotera Wireless
      • 8.13.1. Overview
      • 8.13.2. Financials
      • 8.13.3. Product portfolio
      • 8.13.4. Business strategy
      • 8.13.5. Recent developments
    • 8.14. Withings
      • 8.14.1. Overview
      • 8.14.2. Financials
      • 8.14.3. Product portfolio
      • 8.14.4. Business strategy
      • 8.14.5. Recent developments

List of Tables

1. Global wearable medical devices market snapshot,
2. Drivers of the global wearable medical devices market: Impact analysis
3. Restraints of the global wearable medical devices market: Impact analysis
4. Global diagnostic wearable  medical devices market, by geography, 2014 - 2020   (USD Million)
5. Global therapeutic wearable medical devices market, by geography, 2014 - 2020 (USD Million)
6. North America wearable medical devices market revenue, by product, 2014 – 2020 (USD Million)
7. North America wearable medical devices market revenue, by application, 2014 – 2020 (USD Million)  
8. U.S. wearable medical devices market revenue, by product, 2014 – 2020 (USD Million)
9. U.S. wearable medical devices market revenue, by application, 2014 –2020 (USD Million)
10. Europe wearable medical devices market revenue, by product, 2014 –2020 (USD Million)
11. Europe wearable medical devices market revenue, by application, 2014 –2020 (USD Million)
12. Germany wearable medical devices market revenue, by product, 2014 – 2020 (USD Million)
13. Germany wearable medical devices market revenue, by application, 2014 –2020 (USD Million)
14. France wearable medical devices market revenue, by product, 2014 – 2020 (USD Million)
15. France wearable medical devices market revenue, by application, 2014 –2020 (USD Million)
16. UK wearable medical devices market revenue, by product, 2014 – 2020 (USD Million)
17. UK wearable medical devices market revenue, by application, 2014 –2020 (USD Million)
18. Asia Pacific wearable medical devices market revenue, by product, 2014 – 2020 (USD Million)
19. Asia Pacific wearable medical devices market revenue, by application, 2014 – 2020 (USD Million)
20. China wearable medical devices market revenue, by product , 2014 – 2020 (USD Million)
21. China wearable medical devices market revenue, by application, 2014 –2020 (USD Million)
22. Japan wearable medical devices market revenue, by product , 2014 – 2020 (USD Million)
23. Japan wearable medical devices market revenue, by application , 2014 – 2020 (USD Million)
24. India wearable medical devices market revenue, by product , 2014 – 2020 (USD Million)
25. India wearable medical devices market revenue, by application, 2014 –2020 (USD Million)
26. Latin America wearable medical devices market revenue, by product, 2014 –2020 (USD Million)
27. Latin America wearable medical devices market revenue, by application, 2014 – 2020 (USD Million)
28. Brazil wearable medical devices market revenue, by product, 2014 – 2020 (USD Million)
29. Brazil wearable medical devices market revenue, by application, 2014 – 2020 (USD Million)
30. Middle East and Africa wearable medical devices market revenue, by product, 2014 – 2020 (USD Million)
31. Middle East and Africa wearable medical devices market revenue, by application, 2014 – 2020 (USD Million)


List of Figures

1. Market research process
2. Market research methodology
3. Global wearable medical devices market revenue, 2014 - 2020 (USD Million)
4. Value chain analysis  
5. Porter’s five forces analysis
6. Market attractiveness analysis by product segment
7. Market attractiveness analysis by application segment
8. Market attractiveness analysis by regional segment
9. Company market share analysis
10. Global wearable medical devices market by product, 2014 -2020
11. Monitoring and diagnostic wearable devicemarket, 2014 – 2020 (USD Million)
12. vital sign monitoring devices market, 2014 – 2020 (USD Million)
13. Therapeutic wearable devicemarket2014 - 2020(USD Million)
14. Wearable Rehabilitation Devicesmarket 2014 -2020(USD Million)
15. health and fitness devices market, 2014 - 2020(USD Million)
16. Global wearable medical devices market by application , 2014 - 2020
17. Global wearable medical devices market for Sports and fitness market, 2014 – 2020  (USD Million)
18. Global wearable medical devices market for Remote patient monitoring market, 2014 – 2020  (USD Million)
19. Global wearable medical devices market for Home healthcare market, 2014 – 2020  (USD Million)
20. Global wearable medical devices market for wearable medical devices  market by region, 2014 -2020 (USD Million)

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Zion Research uses the synergy of combination of both primary research and secondary research for its research reports. For this study, we have conducted extensive primary research, wherein we have conducted in-depth interviews of the key opinion leader of this industry. Primary research make up for the biggest chunk of our data sources in addition to secondary research.

We referred to product literature of leading industry participants, annual reports, press releases, government publications, and other relevant sources for data collection and analysis thereof. Secondary research also includes a search of recent trade journals, technical writing, internet sources, and statistical data from government websites, trade associations and agencies.  

Zion Research has collected key data related to the Wearable Medical Devices Market and analyzed these data using a variety of methods. The market dynamics have been ascertained following a detailed study of the micro, meso, and macroeconomic indicators of the market.

This report is based on in-depth qualitative and quantitative analyses of the Global Wearable Medical Devices Market. The quantitative analysis involved the application of various projection and sampling techniques. The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically partake in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Based on the research results and technical insights thus gathered, Zion research analysts have provided a comprehensive analysis of the varied aspects of the market. The impact of global economic conditions and other macroeconomic indicators was also considered when assessing the market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

 A wearable medical device can be defined as a biosensor that monitors physiological data, generally using remote or wireless communication, as part of any wearable device that attaches to the human body. Activity monitors, smart watches, smart clothing and patches are some of the major example of wearable medical devices. Most wearable medical devices have been developed with focus on the exercise and activities like walking, jogging, muscle activity and calories burned, heart rate, etc. Wearable medical devices are used for various types of physiological measurements such as blood pressure, brain activity, continuous glucose, temperature, infant care, skin conductance, sleep, etc.

Wearable medical devices market is driven by more functionality and separate capability like being able to operate without a smartphone or other external device. This has been resulted into increase in consumer acceptance. With increasing health consciousness among people, rising chronic diseases such as diabetes, and inclining healthcare expenditure, the demand for wearable medical device is expected to witness outstanding growth in the years to come. Moreover, rising per capita income, accuracy of monitoring devices coupled with portability is driving wearable medical device market. However, wearable medical device market is expected to witness major challenges such as high cost of wearable medical devices, unfavorable reimbursement policies, data security issues and most importantly adverse government regulations.

Wearable Medical Devices Market

On the basis of product segment wearable medical devices market can be segmented as monitoring and diagnostic wearable device, wearable vital sign monitors, therapeutic wearable device, wearable rehabilitation devices and health & fitness devices. Wearable medical devices market is dominated by monitoring and diagnostic wearable device in 2014. Heart rate monitors is important monitoring and diagnostic device. Activity monitors is one of the fastest growing segments in the market. Therapeutic wearable medical device is another growing segment of this market. Sports and fitness, remote patient monitoring and home healthcare are the key application of wearable medical device. Home healthcare is the leading market in wearable medical device. This can be attributed to the ease of use and the accuracy of these wearable devices.

The wearable medical devices market was dominated by North America, leading the overall market in 2014 with over 40% share in 2014. North America was followed by Europe and Asia-Pacific. Asia Pacific is also expected to grow at a rapid pace in the years to come. Increasing health awareness among end-users in emerging economies such as India and China is fuelling growth of wearable medical devices market in the region.

Global wearable medical devices market is highly competitive, with the presence of well-established global market participants such as Basis Science, Inc., Corventis, Inc., Draeger, Everist Genomics, Inc., Fitbit, Inc., Intelesens Ltd., Garmin, Nuubo, Omron Corporation, Philips Electronics, Polar Electro, Recent Developments, Sotera Wireless, Withings, etc.


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