Wearable Medical Devices Market Global Report 2020-30: Covid 19 Growth and Change

Name: Wearable Medical Devices Market Global Report 2020-30: Covid 19 Growth and Change
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The wearable medical devices market consists of sales of wearable medical equipment and related services that includes diagnostic devices and therapeutic devices like vital signs, sleep and neuro monitoring devices, electrocardiographs, pain management, respiratory therapeutic devices among others. The companies involved in wearable medical devices market design, manufacture and market medical wearables like watches, wristbands, clothing, ear wear and other devices for the applications like Remote Patient Monitoring, Ear wear, Home healthcare, Sports and Fitness which are designed for patient management and life-style disease management like prevention of diseases and maintenance of health with advantages such as weight control and physical activity monitoring.

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The global wearable medical devices market is expected decline from $8.87 billion in 2019 to $8.35 billion in 2020 at a compound annual growth rate (CAGR) of -5.83%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $16.08 billion in 2023 at CAGR of 24.39%.

North America was the largest region in wearable devices market in 2019. Europe is the second largest region in 2019.

During the historic period, the rise in mortality rate due to non-communicable diseases with an increasing prevalence of chronic diseases and life-style associated diseases like hypertension and diabetes contributed to the growth of wearable medical devices. Healthcare industry is coming up with newer technologies to overcome this with necessary measures like continuous and remote patient monitoring facilities through wearables which can be worn over the body all-day long for continuous monitoring of the required parameters like vital signs, glucose levels and more. In 2016, of the overall 56.9 million global deaths , 70% (40.5 million) were due to non-communicable diseases of which 80% were due to cardiac diseases, chronic lung diseases, diabetes and cancer. In 2019, a report published by Diabetics Research and Clinical Practice stated that the global diabetics population is estimated to be 463 million in 2019 which is 9.3% of global population and is expected to reach 578 million by 2030 and 700 million by 2045. The rise in number of chronic diseases coupled with growing awareness among the people is pushing them towards continuous monitoring which boosted the market growth.

Wearable device manufacturers collect and store data to sell them to the customer itself by charging certain amount on monthly basis or periodically as per the requirement or to third-parties at places where this information is not considered as Protected Health Information. There is a higher exposure of sensitive data as the amount of data handled by Medical Internet of Things devices are growing exponentially. The major data privacy concerns arise during the transmission of data to a cloud and during it`s storage. In 2018, a study released by Center for Digital Democracy and the School of Communication at American University revealed that Americans are facing a growing loss of sensitive information with the use of wearable medical devices as the US health privacy regulatory system doesn`t reach the expectation of data privacy with wearables. In 2019, a survey conducted for wearable device users revealed that half of the respondents are unaware of the privacy concerns related with the wearable devices. There are risks pertaining to the access and security of the personal information collected by the third-party healthcare service providers which is expected to hamper the growth of the market during the forecast period.

Integrating artificial intelligence in the wearable medical devices is gaining traction. The data collected by the wearable medical devices lacks value without the integration of artificial intelligence (AI) that better utilizes the data collected. AI doctor which is an standalone network with deep learning algorithm performs well than trained medical practitioners in conditions like skin lesions, electrocardiograms, medical imaging and pathology. In 2020, Apple acquired Xnor.ai that develops technology like artificial intelligence to gain access for low-power AI tools for image recognition in wearables and others. A study published in 2019 revealed that AI and biometric monitoring devices are considered as an advantage by 47% of the respondents as it brings efficient healthcare to the patient and an overall of 20% respondents considered the benefits outweighed the dangers of artificial intelligence integration into wearables. 55% considered that it could improve their follow-up and quality of care, 23% believed it would reduce the cost of treatment. The wearable device app developers are increasingly focused on integrating AI into the apps to analyze the remotely collected data for better interpreting the ailment by an AI doctor.

In 2019, Google, a US-based technology company that develops internet-related services and products like search engines, cloud computing, online advertisements, software and more, announced to acquire Fitbit Inc. for $7.35 per share in cash valuing totally to $2.1 billion. The deal will benefit both the companies by designing and manufacturing innovative wearables by integrating the best hardware, software and artificial intelligence to reach even more people around the globe. Fitbit Inc., a US-based wearables company designs innovative products that track the daily health and fitness of the consumer in the form of smartwatches, activity trackers, wireless headphones and smart scales.

The major players in the global wearable medical devices market are Philips, Polar Electro, Omron Corporation, Fitbit Inc., Garmin Ltd., LifeWatch AG (BioTelemetry Inc.), Xiaomi Inc., VitalConnect, Jawbone Inc., General Electric Co.

The countries covered in the global wearable medical devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA

The global wearable medical devices market is segmented:
1) By Device Type, Diagnostic Devices, Therapeutic Devices
2) By Product Type, Watch, Wristband, Clothing, Ear Wear, Other Devices
3) By Distribution Channel, Pharmacies, Online Channel, HyperMarkets
4) By Application, Sports And Fitness, Remote Patient Monitoring, Home Healthcare, Ear Wear

1. Executive Summary

2. Wearable Medical Devices Market Characteristics

3. Wearable Medical Devices Market Size And Growth

3.1. Global Wearable Medical Devices Historic Market, 2015 - 2019, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Wearable Medical Devices Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Wearable Medical Devices Market Segmentation

4.1. Global Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Diagnostic Devices

Therapeutic Devices

4.2. Global Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Watch

Wristband

Clothing

Ear Wear

Other Devices

4.3. Global Wearable Medical Devices Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Pharmacies

Online Channel

HyperMarkets

4.4. Global Wearable Medical Devices Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Sports And Fitness

Remote Patient Monitoring

Home Healthcare

Ear Wear

5. Wearable Medical Devices Market Regional And Country Analysis

5.1. Global Wearable Medical Devices Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Wearable Medical Devices Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

6. Asia-Pacific Wearable Medical Devices Market

6.1. Asia-Pacific Wearable Medical Devices Market Overview

6.2. Asia-Pacific Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

6.3. Asia-Pacific Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

7. China Wearable Medical Devices Market

7.1. China Wearable Medical Devices Market Overview

7.2. China Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

7.3. China Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F,$ Billion

8. India Wearable Medical Devices Market

8.1. India Wearable Medical Devices Market Overview

8.2. India Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

8.3. India Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

9. Japan Wearable Medical Devices Market

9.1. Japan Wearable Medical Devices Market Overview

9.2. Japan Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

9.3. Japan Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

10. Australia Wearable Medical Devices Market

10.1. Australia Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

10.2. Australia Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

11. Indonesia Wearable Medical Devices Market

11.1. Indonesia Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

11.2. Indonesia Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

12. South Korea Wearable Medical Devices Market

12.1. South Korea Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

12.2. South Korea Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

13. Western Europe Wearable Medical Devices Market

13.1. Western Europe Wearable Medical Devices Market Overview

13.2. Western Europe Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

13.3. Western Europe Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

14. UK Wearable Medical Devices Market

14.1. UK Wearable Medical Devices Market Overview

14.2. UK Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

14.3. UK Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

15. Germany Wearable Medical Devices Market

15.1. Germany Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

15.2. Germany Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

16. France Wearable Medical Devices Market

16.4. France Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

16.5. France Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

17. Eastern Europe Wearable Medical Devices Market

17.1. Eastern Europe Wearable Medical Devices Market Overview

17.2. Eastern Europe Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

17.3. Eastern Europe Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

18. Russia Wearable Medical Devices Market

18.1. Russia Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

18.2. Russia Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

19. North America Wearable Medical Devices Market

19.1. North America Wearable Medical Devices Market Overview

19.2. North America Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

19.3. North America Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

20. USA Wearable Medical Devices Market

20.1. USA Wearable Medical Devices Market Overview

20.2. USA Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

20.3. USA Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

21. South America Wearable Medical Devices Market

21.1. South America Wearable Medical Devices Market Overview

21.2. South America Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

21.3. South America Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

22. Brazil Wearable Medical Devices Market

22.1. Brazil Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

22.2. Brazil Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

23. Middle East Wearable Medical Devices Market

23.1. Middle East Wearable Medical Devices Market Overview

23.2. Middle East Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

23.3. Middle East Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

24. Africa Wearable Medical Devices Market

24.1. Africa Wearable Medical Devices Market Overview

24.2. Africa Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

24.3. Africa Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

25. Wearable Medical Devices Market Competitive Landscape And Company Profiles

25.1. Wearable Medical Devices Market Competitive Landscape

25.2. Wearable Medical Devices Market Company Profiles

25.2.1. Philips

25.2.1.1. Overview

25.2.1.2. Products and Services

25.2.1.3. Strategy

25.2.1.4. Financial Performance

25.2.2. Polar Electro

25.2.2.1. Overview

25.2.2.2. Products and Services

25.2.2.3. Strategy

25.2.2.4. Financial Performance

25.2.3. Omron Corporation

25.2.3.1. Overview

25.2.3.2. Products and Services

25.2.3.3. Strategy

25.2.3.4. Financial Performance

25.2.4. Fitbit Inc.

25.2.4.1. Overview

25.2.4.2. Products and Services

25.2.4.3. Strategy

25.2.4.4. Financial Performance

25.2.5. Garmin Ltd.

25.2.5.1. Overview

25.2.5.2. Products and Services

25.2.5.3. Strategy

25.2.5.4. Financial Performance

26. Key Mergers And Acquisitions In The Wearable Medical Devices Market

27. Wearable Medical Devices Market Trends And Strategies

28. Wearable Medical Devices Market Future Outlook and Potential Analysis

29. Appendix

29.1. Abbreviations

29.2. Currencies

29.3. Research Inquiries

29.4. The Business Research Company

29.5. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2015-2019, $ Billion

Table 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 3: Global Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 4: Global Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 5: Global Wearable Medical Devices Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 6: Global Wearable Medical Devices Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 7: Global Wearable Medical Devices Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 8: Global Wearable Medical Devices Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 9: Asia-Pacific, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 10: Asia-Pacific, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 11: China, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 12: China, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 13: India, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 14: India, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 15: Japan, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 16: Japan, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 17: Australia, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 18: Australia, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 19: Indonesia, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 20: Indonesia, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 21: South Korea, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 22: South Korea, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 23: Western Europe, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 24: Western Europe, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 25: UK, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 26: UK, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 27: Germany, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 28: Germany, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 29: France, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 30: France, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 31: Eastern Europe, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 32: Eastern Europe, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 33: Russia, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 34: Russia, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 35: North America, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 36: North America, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 37: USA, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 38: USA, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 39: South America, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 40: South America, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 41: Brazil, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 42: Brazil, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 43: Middle East, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 44: Middle East, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 45: Africa, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 46: Africa, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Table 47: Philips Financial Performance

Table 48: Polar Electro Financial Performance

Table 49: Omron Corporation Financial Performance

Table 50: Fitbit Inc. Financial Performance

Table 51: Garmin Ltd. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2015-2019, $ Billion

Figure 2: Global Forecast Market Growth, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 3: Global Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 4: Global Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 5: Global Wearable Medical Devices Market, Segmentation By Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 6: Global Wearable Medical Devices Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 7: Global Wearable Medical Devices Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 8: Global Wearable Medical Devices Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 9: Asia-Pacific, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 10: Asia-Pacific, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 11: China, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 12: China, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 13: India, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 14: India, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 15: Japan, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 16: Japan, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 17: Australia, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 18: Australia, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 19: Indonesia, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 20: Indonesia, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 21: South Korea, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 22: South Korea, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 23: Western Europe, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 24: Western Europe, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 25: UK, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 26: UK, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 27: Germany, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 28: Germany, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 29: France, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 30: France, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 31: Eastern Europe, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 32: Eastern Europe, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 33: Russia, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 34: Russia, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 35: North America, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 36: North America, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 37: USA, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 38: USA, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 39: South America, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 40: South America, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 41: Brazil, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 42: Brazil, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 43: Middle East, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 44: Middle East, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 45: Africa, Wearable Medical Devices Market, Segmentation By Device Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 46: Africa, Wearable Medical Devices Market, Segmentation By Product Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Figure 47: Philips Financial Performance

Figure 48: Polar Electro Financial Performance

Figure 49: Omron Corporation Financial Performance

Figure 50: Fitbit Inc. Financial Performance

Figure 51: Garmin Ltd. Financial Performance

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Frequently Asked Questions

What is the definition of the wearable medical devices market?

The wearable medical devices market consists of sales of wearable medical equipment and related services that includes diagnostic devices and therapeutic devices like vital signs, sleep and neuro monitoring devices, electrocardiographs, pain management, and respiratory therapeutic devices among others. The companies involved in wearable medical devices market design, manufacture and market medical wearables like watches, wristbands, clothing, ear wear and other devices for applications like remote patient monitoring, ear wear, home healthcare, sports and fitness, which are designed for patient management and life-style disease management like prevention of diseases and maintenance of health with advantages such as weight control and physical activity monitoring. request a sample here

How will the wearable medical devices market drivers and restraints affect wearable medical devices market dynamics? What forces will shape the wearable medical devices industry going forward?

The wearable medical devices market growth is aided by rise in mortality rate due to non-communicable diseases. However, some wearable medical devices market restraints include risks pertaining to the access and security of the personal information request a sample here

What is the forecast market size of the wearable medical devices market?

The wearable medical devices market forecast is expected to reach $24.38 billion in 2025 at a compound annual growth rate of 24%. request a sample here

How is the wearable medical devices market segmented?

The global wearable medical devices market is segmented -
1) By Device Type: Diagnostic Devices, Therapeutic Devices.
2) By Product Type: Watch, Wristband, Clothing, Ear Wear, Other Devices.
3) By Distribution Channel: Pharmacies, Online Channel, Hypermarkets.
4) By Application: Sports And Fitness, Remote Patient Monitoring, Home Healthcare, Ear Wear. request a sample here

Which region has largest share, and what is the market size and growth by geography according to the wearable medical devices global market report?

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Who are the key players of the global wearable medical devices market?

Top competitors in the wearable medical devices market are Philips, Polar Electro, Omron Corporation, Fitbit Inc., Garmin Ltd., LifeWatch AG (Biotelemetry Inc.), Xiaomi Inc., VitalConnect, Jawbone Inc., General Electric Co., Medtronic PLC, Sotera Wireless request a sample here.

What are the key trends in the global wearable medical devices market?

Major trends influencing the wearable medical devices market include integrating artificial intelligence request a sample here.

What are the major opportunities in the wearable medical devices market and the approaches companies can take to take advantage of them?

For detail on the future and current opportunities in the global wearable medical devices market, request a sample here.

How does the wearable medical devices market relate to the overall economy and other similar markets?

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