Global Medical Wearables Market Size study, by Device Type (Vital Sign Monitoring Devices, Glucose Monitoring Devices & Insulin Pumps, Fetal Monitoring & Obstetric Devices, Neuromonitoring Devices, Sleep Monitoring Devices), by Product (Patches, Smartwatches, Activity Monitors & Wristbands, Others), by End-User (Hospitals, Ambulatory Care Centers, Long-Term Care Centers, Assisted-Living Facilities, and Nursing Homes, Home Care Settings) and Regional Forecasts 2020-2027

  • Product Code:
    RP-ID-10324868
  • Published Date:
    19 Jun 2020
  • Region:
    Global
  • Pages:
    200
  • Category:
    Healthcare & Pharmaceuticals
  • Publisher:
    Pub-ID-14

Impact Analysis on the Growth of Market

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Global Medical Wearables Market is valued approximately USD 6.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 21.4% over the forecast period 2020-2027. Medical Wearables are the handheld monitoring tools primarily used in monitoring and identification of disease. With the rise in prevalence of chronic diseases, patients are opting for home healthcare tools as an efficient and cost effective of treatment, instead of hospital services. In the present scenario, medical wearables are gaining immense traction, due to enhanced technologies that are being pioneered consistently by the manufacturers. Due to these advancements of medical wearable technology and growing demand from patients to monitor their own health has influence the growth of wearable medical device industry to develop more wearable devices, such as smartwatches, fitbits, and wearable monitors. Further, increasing occurrence of chronic diseases, such as cardiovascular, cancer, etc., increasing usage of smartphone in health monitoring, and increasing awareness for health & fitness among people are the few factors responsible for high CAGR of the market during the forecast period. According to the American Heart Association, the occurred of death due to cardiovascular diseases was about 17.6 million in 2016, and a number is expected to grow to over 23.6 million by 2030. Also, as per the Center for Disease Control and Prevention (CDC), about 610,000 die due to heart diseases in the United States every year. This, in turn, is projected to accelerate the adoption of medical wearables around the world. The outbreak of COVID-19 crisis has led to rise in demand for medical wearables, as these devices are helps in screening and monitoring of novel coronavirus infections. Therefore, this factor can create lucrative opportunities for medical wearable market in the forthcoming years. However, inaccuracy in analysis of wearable generated data and unfavorable reimbursement issues impedes the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Medical Wearables market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising incidences of cardiovascular disorders, diabetes, and cancer, coupled with the early adoption of wearable medical technology in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising government initiatives for medical wearables, increasing aging population, and growing healthcare expenditure by people would create lucrative growth prospects for the Medical Wearables market across Asia-Pacific region.

Major market player included in this report are:
Koninklijke Philips N.V.
Medtronic plc
Omron Healthcare Co., Ltd.
Biotelemetry, Inc.
Apple Inc.
GE Healthcare
Abbott Laboratories
Dexcom, Inc.
iRhythm Technologies, Inc.
Masimo Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Device Type:
Vital Sign Monitoring Devices
Glucose Monitoring Devices & Insulin Pumps
Fetal Monitoring & Obstetric Devices
Neuromonitoring Devices
Sleep Monitoring Devices

By Product:
Patches
Smartwatches
Activity Monitors & Wristbands
Others

By End-User:
Hospitals
Ambulatory Care Centers
Long-Term Care Centers, Assisted-Living Facilities, and Nursing Homes
Home Care Settings

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Medical Wearables Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Medical Wearables Market, by Region, 2018-2027 (USD Billion)
1.2.2. Medical Wearables Market, by Device Type, 2018-2027 (USD Billion)
1.2.3. Medical Wearables Market, by Product, 2018-2027 (USD Billion)
1.2.4. Medical Wearables Market, by End-User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Medical Wearables Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Medical Wearables Market Dynamics
3.1. Medical Wearables Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Medical Wearables Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Medical Wearables Market, by Device Type
5.1. Market Snapshot
5.2. Global Medical Wearables Market by Device Type, Performance - Potential Analysis
5.3. Global Medical Wearables Market Estimates & Forecasts by Device Type 2017-2027 (USD Billion)
5.4. Medical Wearables Market, Sub Segment Analysis
5.4.1. Vital Sign Monitoring Devices
5.4.2. Glucose Monitoring Devices & Insulin Pumps
5.4.3. Fetal Monitoring & Obstetric Devices
5.4.4. Neuromonitoring Devices
5.4.5. Sleep Monitoring Devices
Chapter 6. Global Medical Wearables Market, by Product
6.1. Market Snapshot
6.2. Global Medical Wearables Market by Product, Performance - Potential Analysis
6.3. Global Medical Wearables Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
6.4. Medical Wearables Market, Sub Segment Analysis
6.4.1. Patches
6.4.2. Smartwatches
6.4.3. Activity Monitors & Wristbands
6.4.4. Others
Chapter 7. Global Medical Wearables Market, by End-User
7.1. Market Snapshot
7.2. Global Medical Wearables Market by End-User - Potential Analysis
7.3. Global Medical Wearables Market Estimates & Forecasts by End-User 2017-2027 (USD Billion)
7.4. Medical Wearables Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Ambulatory Care Centers
7.4.3. Long-Term Care Centers, Assisted-Living Facilities, and Nursing Homes
7.4.4. Home Care Settings
Chapter 8. Global Medical Wearables Market, Regional Analysis
8.1. Medical Wearables Market, Regional Market Snapshot
8.2. North America Medical Wearables Market
8.2.1. U.S. Medical Wearables Market
8.2.1.1. Device Type breakdown estimates & forecasts, 2017-2027
8.2.1.2. Product breakdown estimates & forecasts, 2017-2027
8.2.1.3. End-User breakdown estimates & forecasts, 2017-2027
8.2.2. Canada Medical Wearables Market
8.3. Europe Medical Wearables Market Snapshot
8.3.1. U.K. Medical Wearables Market
8.3.2. Germany Medical Wearables Market
8.3.3. France Medical Wearables Market
8.3.4. Spain Medical Wearables Market
8.3.5. Italy Medical Wearables Market
8.3.6. Rest of Europe Medical Wearables Market
8.4. Asia-Pacific Medical Wearables Market Snapshot
8.4.1. China Medical Wearables Market
8.4.2. India Medical Wearables Market
8.4.3. Japan Medical Wearables Market
8.4.4. Australia Medical Wearables Market
8.4.5. South Korea Medical Wearables Market
8.4.6. Rest of Asia Pacific Medical Wearables Market
8.5. Latin America Medical Wearables Market Snapshot
8.5.1. Brazil Medical Wearables Market
8.5.2. Mexico Medical Wearables Market
8.6. Rest of The World Medical Wearables Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Koninklijke Philips N.V.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Medtronic plc
9.2.3. Omron Healthcare Co., Ltd.
9.2.4. Biotelemetry, Inc.
9.2.5. Apple Inc.
9.2.6. GE Healthcare
9.2.7. Abbott Laboratories
9.2.8. Dexcom, Inc.
9.2.9. iRhythm Technologies, Inc.
9.2.10. Masimo Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption
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Koninklijke Philips N.V.
Medtronic plc
Omron Healthcare Co., Ltd.
Biotelemetry, Inc.
Apple Inc.
GE Healthcare
Abbott Laboratories
Dexcom, Inc.
iRhythm Technologies, Inc.
Masimo Corporation
Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report

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